Global Payments Inc. — Earnings Quality Grade F
GPN · Industrials
Major red flags
Screening Summary
Financial Trends
Revenue & Net Income ($B)
Margins (%)
18-Point Screening
Revenue Quality
DSO 37 days, change -0 days YoY
AR growth -0.4% vs revenue growth -0.4%
Revenue -0.4%, CFFO -13.1%. Cash follows revenue
Expense Quality
No material inventory
CapEx growth -8.5% vs revenue -0.4%. Normal
SG&A/Gross Profit = 73.7%, exceeds 70%
Gross margin 72.6%, change -1.1pp. Stable
Cash Flow Quality
CFFO/NI = 1.90. Profits backed by cash
FCF $2.0B, FCF/NI = 1.46
Accruals ratio = -2.4%. Low accruals
Cash $8.3B covers only 38% of debt $21.9B
Balance Sheet Health
Goodwill+Intangibles $21.3B = 93% of equity. Over 50%
Debt/EBITDA = 6.6x (>4x). Financial stress
Other assets 0.1% vs revenue -0.4%. Normal
No write-off data
Acquisition Risk
FCF after acquisitions positive
Goodwill+Intangibles change -2% YoY. Normal
Manipulation Score
M-Score = -2.66 (< -2.22). Unlikely manipulator
Beneish M-Score
Altman Z-Score
Generated from public financial data using forensic accounting frameworks. Not investment advice. Data: Yahoo Finance · 2026-04-09