Filing Flows › Global Payments (GPN) › Q4 2025
Global Payments (GPN) Q4 2025 earnings results (fourth quarter 2025)
10-K filed Feb 20, 2026
Global Payments (GPN) reported revenue of $1.9B for the fourth quarter 2025 (Q4 2025), -2% from a year earlier and -6% from the quarter before. Operating margin was 11.4%, net earnings $218M (11.5% of revenue).
Global Payments, Q4 2025: revenue $1.9B (-2% year over year), operating margin 11.4%, net earnings $218M, operating cash flow $515M. The chart follows the revenue to costs, profit and cash.
| Q4 2025 | Amount | Q/Q | Y/Y |
|---|---|---|---|
| Revenue | $1.9B | -6% | -2% |
| Operating profit | $215M | -72% | -69% |
| Net earnings | $218M | -66% | -62% |
| Operating cash flow | $515M | -33% | -42% |
| Free cash flow | $347M | -42% | -50% |
What changed
Revenue was $1.9B in Q4 2025, down 2% year over year and down 6% from the previous quarter.
Operating profit was $0.22B, a 11.4% margin (down 24.7 points year over year). Total costs grew 36% against a revenue fall of 2%. Net earnings were $0.22B, down 62% year over year. The effective tax rate was -88.4%.
Operating cash flow was $0.52B (down 42% year over year), 218% of net income including minority interests. Non-cash charges added back $0.34B of depreciation and amortization and $0.04B of share-based compensation. Working capital and other items used $0.10B. Capital expenditures of $0.17B left free cash flow of $0.35B.
Questions
What was Global Payments' revenue in the fourth quarter 2025?
Global Payments (GPN) reported revenue of $1.9B for the fourth quarter 2025 (Q4 2025), -2% from a year earlier and -6% from the quarter before.
Was Global Payments profitable in the fourth quarter 2025?
Operating profit was $215M (11.4% of revenue) and net earnings $218M.
Source: Global Payments 10-K on SEC EDGAR.