Global Payments: The Numbers Say Cheap. The Chart will say BuyGlobal Payments Inc.BATS:GPNstouflacrucoGlobal Payments (GPN) has fallen roughly 60% from its 2021 peak, despite operating in a payments industry that continues to expand. The company has now completed its transformational acquisition of Worldpay, earnings are growing and the valuation has compressed sharply. Yet my Master Buy Scanner V2 does not currently say BUY. It says WATCH. That distinction matters because the fundamentals appear increasingly attractive, but the longer-term technical reversal has not been confirmed. THE CURRENT SIGNAL On the two-month timeframe, the scanner shows: • Score: 3/3 • Overall status: WATCH • Action: WATCH • Entry quality: OK — 60% • Position size: NONE — 0% • Technical cycle: ACTIVE • WT cross: NO • Combined signal: GREEN — 4/10 • Bands synchronized: YES • Bars since BUY: NEVER This is not a bearish rejection. It is a developing setup that has not yet produced a valid entry event. The stock is deeply oversold and beginning to rebound, but the oscillator has not completed its bullish cross. The scanner also flags the setup as late, volatile and not yet sufficiently based. THE NEW GLOBAL PAYMENTS Global Payments is no longer the same company investors owned several years ago. In January 2026, it completed the acquisition of Worldpay and simultaneously sold its Issuer Solutions business to FIS. The combination creates a pure-play merchant-commerce platform serving: • More than 6 million merchant locations • Approximately 94 billion annual transactions • $3.7 trillion in payment volume • More than 175 countries Global Payments paid a net purchase price of $22.7 billion for Worldpay. Management originally projected approximately $600 million of cost synergies and at least $200 million of revenue synergies. (https://investors.globalpayments.com/news-events/press-releases/detail/469/global-payments-announces-agreements-to-acquire-worldpay) The strategic logic is clear: combine Global Payments’ strength with small and medium-sized merchants and integrated software with Worldpay’s global ecommerce and enterprise capabilities. The execution risk is equally clear. This is a very large integration involving different platforms, customers, distribution channels and operating structures. THE FUNDAMENTALS The first quarter following the transaction was encouraging. Global Payments reported: • Adjusted net revenue: $2.86 billion • Normalized revenue growth: 5.5% • Constant-currency normalized growth: 4.5% • Adjusted operating margin: 39.9% • Margin expansion: 110 basis points • Adjusted EPS: $2.96, up 10% Management maintained its 2026 outlook: • Constant-currency adjusted revenue growth: approximately 5% • Adjusted margin expansion: approximately 150 basis points • Adjusted EPS: $13.80–14.00 • Expected capital returned during 2026: more than $2 billion The company also announced another $500 million accelerated share-repurchase program. (https://investors.globalpayments.com/news-events/press-releases/detail/506/global-payments-reports-first-quarter-2026-results) The headline GAAP result looked much worse: a loss of $6.59 per share. That figure was heavily affected by the Worldpay transaction, acquired-intangible amortization, integration expenses and a substantial tax charge connected to the Issuer Solutions disposal. The enormous difference between GAAP and adjusted earnings makes cash generation and debt reduction especially important metrics to follow. THE SCANNER’S FUNDAMENTAL VIEW Business quality is rated GREEN: • Quality score: 2.5/3 — 83% • Return on capital: 2.66% — ORANGE • Margin trend: +2.69% — GREEN • Profit and cash generation: GREEN Valuation is also GREEN: • Valuation score: 5.5/7 — 79% • Cash yield: 4.46% • Business-price multiple: 9.01x • Cash-flow multiple: 18.01x • Earnings multiple: 23.17x • Profit per share: $3.75 Growth receives 3/4: • Future profit growth: 110.85% — GREEN • Three-year profit growth: 142.72% — GREEN • Three-year sales growth: -4.96% — RED Those growth figures require caution. The acquisition of Worldpay and disposal of Issuer Solutions have changed the company’s perimeter, making historical comparisons less clean than usual. The more important test is whether the combined company can sustain approximately 5% organic growth while delivering margin expansion and synergies. THE DEBT QUESTION Debt is the central risk. The scanner shows: • Debt-to-equity: 0.99 • Debt: approximately $23.6 billion • Debt-to-profit ratio: 3.58 The company expected net leverage of approximately 3.5x at closing and has targeted a reduction toward 3.0x within 18–24 months. That plan depends on: • Stable payment volumes • Successful integration • Strong free-cash-flow conversion • Realization of cost synergies • Disciplined capital allocation Share repurchases can create value at a depressed valuation, but debt reduction should remain a major priority after such a large transaction. THE TECHNICAL SETUP The stock peaked above $215 in 2021 before falling into the $60–70 range. It is now attempting to recover, but the longer-term structure remains incomplete. Key areas I am watching: • $75–80: immediate pivot and potential support • $65–70: major structural support • $88–92: first resistance zone • $100–112: meaningful reversal confirmation • $125–135: major long-term resistance The oscillator is near an extreme oversold level, but the bullish cross has not happened. The latest candle is constructive, yet buying before the cross would mean anticipating the signal rather than following it. THE BULL CASE • Deep valuation reset • Growing adjusted earnings • Expanding operating margins • Large and diversified merchant base • Strong ecommerce and embedded-payment exposure • Potential $800 million-plus transaction synergies • More than $2 billion of expected 2026 shareholder returns • Recovery already confirmed by the advanced scanner layer • Extremely oversold longer-term momentum THE BEAR CASE • No confirmed technical BUY event • Worldpay integration is complex • Debt has increased substantially • GAAP and adjusted results differ dramatically • Merchant acquiring remains highly competitive • Pricing pressure could limit organic growth • Historical sales growth remains negative • The stock has not yet rebuilt a stable long-term base • Losing $65 would reopen the downside MY CURRENT FRAMEWORK I would classify GPN as an attractive WATCHLIST candidate—not a confirmed BUY. My approach would be: • Watch whether $75–80 becomes support • Avoid chasing the first sharp rebound • Consider a starter only after a bullish oscillator cross • Increase conviction above $90 • Look for stronger confirmation above $100–112 • Reassess if the stock loses $65 • Monitor integration costs, leverage and Worldpay synergies Second-quarter results on August 5 will be the next important test. TRY THE SCANNER This setup illustrates why Master Buy Scanner V2 separates valuation from timing. GPN may be inexpensive and fundamentally improving, but the technical entry has not yet been confirmed. Add the indicator to your TradingView charts: THE QUESTION How would you approach Global Payments? A — Start building near $75–80 B — Wait for the oscillator cross C — Wait for confirmation above $90–100 D — Avoid because the Worldpay integration and debt are too risky Comment A, B, C or D—and share your GPN thesis. This is not financial advice. Always conduct your own research and manage risk according to your investment horizon.