Filing Flows › Global Payments (GPN) › Q2 2025
Global Payments (GPN) Q2 2025 earnings results (second quarter 2025)
10-Q filed Aug 6, 2025
Global Payments (GPN) reported revenue of $2.0B for the second quarter 2025 (Q2 2025), -0.1% from a year earlier and -18% from the quarter before. Operating margin was 21.7%, net earnings $242M (12.3% of revenue).
Global Payments, Q2 2025: revenue $2.0B (-0.1% year over year), operating margin 21.7%, net earnings $242M, operating cash flow $818M. The chart follows the revenue to costs, profit and cash.
| Q2 2025 | Amount | Q/Q | Y/Y |
|---|---|---|---|
| Revenue | $2.0B | -18% | -0.1% |
| Operating profit | $427M | -9% | -10% |
| Net earnings | $242M | -21% | -36% |
| Operating cash flow | $818M | +47% | +1% |
| Free cash flow | $665M | +56% | +6% |
What changed
Revenue was $2.0B in Q2 2025, roughly flat year over year and down 18% from the previous quarter.
Operating profit was $0.43B, a 21.7% margin (down 2.4 points year over year). Total costs grew 3% against flat revenue. Net earnings were $0.24B, down 36% year over year. The effective tax rate was 32.5%.
Operating cash flow was $0.82B (up 1% year over year), 332% of net earnings. Non-cash charges added back $0.30B of depreciation and amortization and $0.04B of share-based compensation. Working capital and other items added $0.24B. Capital expenditures of $0.15B left free cash flow of $0.67B.
Questions
What was Global Payments' revenue in the second quarter 2025?
Global Payments (GPN) reported revenue of $2.0B for the second quarter 2025 (Q2 2025), -0.1% from a year earlier and -18% from the quarter before.
Was Global Payments profitable in the second quarter 2025?
Operating profit was $427M (21.7% of revenue) and net earnings $242M.
Source: Global Payments 10-Q on SEC EDGAR.