Question 1

What is Global Payments's EV/EBITDA ratio?

Accepted Answer

Global Payments (GPN) EV/EBITDA ratio is 10.7× as of June 5, 2026. The ratio is calculated by dividing enterprise value by trailing twelve-month EBITDA, using USD-normalised financials (IAS 21 exchange-rate translation for non-USD reporters).

Question 2

How is the EV/EBITDA ratio calculated?

Accepted Answer

EV/EBITDA = Enterprise Value ÷ Trailing Twelve-Month (TTM) EBITDA, where Enterprise Value = Market Capitalisation + Total Debt − Cash & Short-Term Investments. All inputs are sourced from audited GAAP/IFRS filings and translated to USD using period-end exchange rates so the multiple is comparable across companies and currencies.

Question 3

What is the EV/EBITDA ratio?

Accepted Answer

The EV/EBITDA ratio (the enterprise multiple) compares enterprise value (EV) to trailing twelve-month (TTM) EBITDA. EV is calculated as market capitalisation + total debt − cash & short-term investments. Because EV/EBITDA is capital-structure-neutral and ignores non-cash depreciation and amortisation, it is the standard multiple used in M&A and for cross-company or cross-border comparisons. Note: this calculation uses a simplified EV (minority interest and preferred equity excluded due to data availability), consistent with most public financial-data providers.

Question 4

What is a good EV/EBITDA ratio for Global Payments?

Accepted Answer

Mature, cash-generative businesses commonly trade in the 8–12× EV/EBITDA range; higher-growth, asset-light companies often trade at 15–25×+. EV/EBITDA is most useful for comparing companies with different capital structures (debt levels) or tax regimes. For Global Payments specifically, the relevant sector benchmark is the current sector median of 9.3×.

Question 5

Is Global Payments's EV/EBITDA ratio high or low?

Accepted Answer

Global Payments's EV/EBITDA ratio of 10.7× is below its own 5-year average of 13.4× and above the sector median of 9.3×. That places the current reading at the 33th percentile of its 10-year history. A higher multiple usually reflects stronger expected growth, lower perceived risk, or higher returns on capital; a lower multiple reflects the opposite.

Question 6

What is Global Payments's historical EV/EBITDA ratio range?

Accepted Answer

In the available daily series, Global Payments (GPN) EV/EBITDA ratio has ranged from a low of 6.2× in 2009 to a high of 36.6× in 2019. The 5-year average is 13.4× and the 5-year median is 12.6×.

Question 7

What was Global Payments's EV/EBITDA ratio in 2025?

Accepted Answer

Global Payments (GPN) EV/EBITDA ratio at the end of 2025 was 9.8×. Annual values reflect the multiple on the last trading day of each calendar year, using the trailing twelve-month EBITDA figure available at that date.

Question 8

Why does Global Payments's EV/EBITDA ratio change over time?

Accepted Answer

Valuation multiples move with two inputs: the numerator (enterprise value, which tracks share price plus net debt) and the denominator (EBITDA). Share-price changes — driven by interest rates, earnings expectations, risk appetite, and broader market sentiment — typically dominate short-term moves, while changes in the underlying fundamental drive the longer-term trend. As a result, the ratio can rise during stock-price rallies even if the business itself has not become more valuable, and fall during sell-offs even when fundamentals are improving.


2025	$18.56B	$3.28B	9.8×	-0.4×	Dec 31, 2025
2024	$28.14B	$4.19B	10.1×	-2.8×	Dec 31, 2024
2023	$33.07B	$3.74B	12.9×	-3.0×	Dec 31, 2023
2022	$26.38B	$2.43B	15.9×	+0.4×	Dec 31, 2022
2021	$38.92B	$3.15B	15.6×	-12.0×	Dec 31, 2021
2020	$64.43B	$2.62B	27.6×	-9.0×	Dec 31, 2020
2019	$54.86B	$1.72B	36.6×	+20.2×	Dec 31, 2019
2018	$16.32B	$1.28B	16.4×	-3.3×	Dec 31, 2018
2017	$15.95B	$1.01B	19.6×	-1.1×	Dec 31, 2017
2016	$10.50B	$696.18M	20.8×	+3.4×	Nov 30, 2016
2015	$9.18B	$619.90M	17.4×	+5.1×	Nov 30, 2015
2014	$5.61B	$575.95M	12.3×	+1.0×	Nov 30, 2014
2013	$4.55B	$511.37M	11.3×	+2.7×	Nov 30, 2013
2012	$3.46B	$411.50M	8.6×	+1.9×	Nov 30, 2012
2011	$3.47B	$477.21M	6.7×	-1.4×	Nov 30, 2011
2010	$3.31B	$389.13M	8.2×	-1.2×	Nov 30, 2010
2009	$4.16B	$375.87M	9.4×	+2.5×	Nov 30, 2009
2008	$2.67B	$365.90M	6.9×	-4.3×	Nov 30, 2008
2007	$3.42B	$272.61M	11.2×	-2.3×	Nov 30, 2007
2006	$3.71B	$256.54M	13.5×	-1.1×	Nov 30, 2006
2005	$3.44B	$227.50M	14.5×	+2.6×	Nov 30, 2005
2004	$2.12B	$189.02M	11.9×	-1.0×	Nov 30, 2004
2003	$1.71B	$135.15M	12.9×	+4.8×	Nov 30, 2003
2002	$1.06B	$130.04M	8.1×	-5.4×	Nov 30, 2002
2001	$1.22B	$95.08M	13.5×	—	Nov 30, 2001


Wells Fargo (WFC)	2.9×
Farmers & Merchants Bancorp (FMCB)	2.8×
JPMorgan Chase (JPM)	2.3×
AXIS Capital Holdings (AXS)	2.2×
American International Group (AIG)	1.9×
Ally Financial (ALLY)	1.7×
United Bankshares (UBSI)	1.6×
Commerce Bancshares (CBSH)	0.7×
W. R. Berkley (WRB)	-0.0×
Morgan Stanley (MS)	-0.3×
M&T Bank (MTB)	-0.6×
Capital One Financial (COF)	-0.6×
Everest Re Group (EG)	-0.7×
Travelers Companies (TRV)	-2.5×
Globe Life (GL-PD)	-2.6×
RenaissanceRe Holdings (RNR)	-3.5×
PNC Financial Services Group (PNC)	-3.8×
BancFirst (BANF)	-5.5×
U.S. Bancorp (USB)	-5.5×
KeyCorp (KEY)	-9.2×
Bank of New York Mellon (BNY)	-13.3×
Bank of New York Mellon (BK)	-13.3×
Ames National (ATLO)	-14.6×
State Street (STT)	-17.7×
MetLife (MET)	-46.3×

EV/EBITDA for Global Payments (GPN)

EV/EBITDA daily chart for Global Payments (GPN)

Historical EV/EBITDA for Global Payments (GPN) from 2001 to 2025

About EV/EBITDA at Global Payments (GPN)

Global Payments EV/EBITDA by Year

Global Payments EV/EBITDA 2025: 9.8×

Global Payments EV/EBITDA 2024: 10.1×

Global Payments EV/EBITDA 2023: 12.9×

Global Payments EV/EBITDA 2022: 15.9×

Global Payments EV/EBITDA 2021: 15.6×

Sector peers by EV/EBITDA — chart

Sector peers by EV/EBITDA — table

Frequently asked questions

Global Payments (GPN) Key Financials

EV/EBITDA daily chart for Global Payments (GPN)

Historical EV/EBITDA for Global Payments (GPN) from 2001 to 2025

About EV/EBITDA at Global Payments (GPN)

Global Payments EV/EBITDA by Year

Global Payments EV/EBITDA 2025: 9.8×

Global Payments EV/EBITDA 2024: 10.1×

Global Payments EV/EBITDA 2023: 12.9×

Global Payments EV/EBITDA 2022: 15.9×

Global Payments EV/EBITDA 2021: 15.6×

Sector peers by EV/EBITDA — chart

Sector peers by EV/EBITDA — table

Frequently asked questions

+What is Global Payments's EV/EBITDA ratio?

+How is the EV/EBITDA ratio calculated?

+What is the EV/EBITDA ratio?

+What is a good EV/EBITDA ratio for Global Payments?

+Is Global Payments's EV/EBITDA ratio high or low?

+What is Global Payments's historical EV/EBITDA ratio range?

+What was Global Payments's EV/EBITDA ratio in 2025?

+Why does Global Payments's EV/EBITDA ratio change over time?

Global Payments (GPN) Key Financials