Global Payments vs Toast
Global Payments reported revenue of $7.7 billion in fiscal 2025, 1.3 times Toast's $6.2 billion in fiscal 2025. Global Payments' revenue fell 0.4% in its latest year, and Toast's grew 24.1%. Global Payments had an operating margin of 22.8%, against 4.8% at Toast. Free cash flow was $2.0 billion at Global Payments and $608 million at Toast.
Side by side
| Global Payments | Toast | |
|---|---|---|
| Latest fiscal year | FY2025, Dec 31, 2025 | FY2025, Dec 31, 2025 |
| Revenue | $7.7B | $6.2B |
| Revenue growth | −0.4% | 24.1% |
| Revenue growth a year, last 5 years | 0.7% | 49.5% |
| Gross margin | 72.6% | 25.9% |
| Operating margin | 22.8% | 4.8% |
| Net margin | 18.2% | 5.6% |
| Free cash flow | $2.0B | $608M |
| Free cash flow margin | 26.5% | 9.9% |
| Return on capital | 3.8% | — |
| Net debt to EBITDA | 4.4x | −5.6x |
| Dividends and buybacks | $1.4B | $107M |
| Change in diluted share count | −5.0% | 2.7% |
| Last close | $81.86 | $32.13 |
| P/E at the last close | — | 40.7× |
| Insider trades, last 12 months | bought $1.3 million, sold $1.4 million | sold $26.4 million |
| Piotroski F-score | 6 of 9 | 7 of 9 |
Amounts in each company's own currency, US$ unless marked (a foreign company may report in another), each company's latest fiscal year from its 10-K, or 20-F or 40-F for a foreign company. Growth rates compare with the year before; the five-year rate is the average a year. Free cash flow is cash from operations minus capital spending; return on capital is after-tax operating income over the money invested in the business; P/E is the last close over the latest earnings per share. Banks are measured differently (return on equity, efficiency ratio), so some rows apply to one company only.
Ten years
Revenue
US$ billions, fiscal years
Global PaymentsToast
Operating margin
Percent of revenue
Global PaymentsToast
Free cash flow
US$ billions. Cash from operations minus capital expenditure.
Global PaymentsToast
Source: the companies' Form 10-K filings, from SEC EDGAR, and the last close. For information only, not investment advice: the figures describe results, not which company is the better investment. The Filing Desk is not affiliated with either company. Full figures on the Global Payments and Toast pages.