diff --git a/lib/towerops/admin.ex b/lib/towerops/admin.ex
index 0a582750..b39e5a78 100644
--- a/lib/towerops/admin.ex
+++ b/lib/towerops/admin.ex
@@ -269,4 +269,148 @@ defmodule Towerops.Admin do
     |> preload([:superuser, :target_user])
     |> Repo.all()
   end
+
+  ## Global Pricing Management
+
+  @doc """
+  Update global pricing settings.
+
+  Creates new Stripe Price if price changed, migrates all active subscriptions,
+  updates ApplicationSettings, and creates audit log.
+
+  Returns {:ok, migration_report} or {:error, reason}.
+  """
+  def update_global_pricing(attrs, superuser_id, ip_address) do
+    alias Towerops.Billing
+    alias Towerops.Billing.StripeClient
+    alias Towerops.Settings
+    alias Towerops.Settings.ApplicationSetting
+
+    with {:ok, validated} <- validate_pricing_attrs(attrs),
+         old_values = get_current_pricing(),
+         {:ok, new_price_id, migration_report} <- maybe_update_stripe_price(validated, old_values),
+         :ok <- update_pricing_settings(validated, new_price_id),
+         :ok <- create_pricing_audit_log(old_values, validated, migration_report, superuser_id, ip_address) do
+      {:ok, migration_report}
+    end
+  end
+
+  defp validate_pricing_attrs(attrs) do
+    free_devices = Map.get(attrs, "default_free_devices")
+    price = Map.get(attrs, "default_price_per_device")
+
+    with {:ok, free} <- validate_free_devices(free_devices),
+         {:ok, price} <- validate_price(price) do
+      {:ok, %{free_devices: free, price: price}}
+    end
+  end
+
+  defp validate_free_devices(nil), do: {:ok, nil}
+
+  defp validate_free_devices(value) when is_binary(value) do
+    case Integer.parse(value) do
+      {int, _} when int > 0 and int < 10_000 -> {:ok, int}
+      _ -> {:error, :invalid_free_devices}
+    end
+  end
+
+  defp validate_price(nil), do: {:ok, nil}
+
+  defp validate_price(value) when is_binary(value) do
+    case Decimal.parse(value) do
+      {decimal, _} ->
+        if Decimal.compare(decimal, "0.01") in [:gt, :eq] and
+             Decimal.compare(decimal, "999.99") in [:lt, :eq] do
+          {:ok, value}
+        else
+          {:error, :invalid_price}
+        end
+
+      :error ->
+        {:error, :invalid_price}
+    end
+  end
+
+  defp get_current_pricing do
+    alias Towerops.Settings
+
+    %{
+      free_devices: Settings.get_setting("default_free_devices"),
+      price: Settings.get_setting("default_price_per_device")
+    }
+  end
+
+  defp maybe_update_stripe_price(validated, old_values) do
+    alias Towerops.Billing
+    alias Towerops.Billing.StripeClient
+
+    price_changed = validated.price && validated.price != old_values.price
+
+    if price_changed do
+      case StripeClient.create_price(validated.price) do
+        {:ok, %{"id" => price_id}} ->
+          migration_report = Billing.migrate_all_subscriptions_to_price(price_id)
+          {:ok, price_id, migration_report}
+
+        {:error, reason} ->
+          {:error, {:stripe_error, reason}}
+      end
+    else
+      {:ok, nil, %{total: 0, succeeded: 0, failed: 0, failures: []}}
+    end
+  end
+
+  defp update_pricing_settings(validated, new_price_id) do
+    alias Towerops.Settings
+    alias Towerops.Settings.ApplicationSetting
+
+    if validated.free_devices do
+      Settings.update_setting("default_free_devices", validated.free_devices)
+    end
+
+    if validated.price do
+      Settings.update_setting("default_price_per_device", validated.price)
+    end
+
+    if new_price_id do
+      # Create setting if doesn't exist
+      case Settings.get_setting_record("stripe_price_id") do
+        nil ->
+          %ApplicationSetting{}
+          |> ApplicationSetting.changeset(%{
+            key: "stripe_price_id",
+            value: new_price_id,
+            value_type: "string",
+            description: "Current Stripe Price ID for metered billing"
+          })
+          |> Repo.insert()
+
+        _setting ->
+          Settings.update_setting("stripe_price_id", new_price_id)
+      end
+    end
+
+    :ok
+  end
+
+  defp create_pricing_audit_log(old_values, validated, migration_report, superuser_id, ip_address) do
+    metadata = %{
+      old_free_devices: old_values.free_devices,
+      new_free_devices: validated.free_devices,
+      old_price: old_values.price,
+      new_price: validated.price,
+      migration_total: migration_report.total,
+      migration_succeeded: migration_report.succeeded,
+      migration_failed: migration_report.failed
+    }
+
+    create_audit_log(%{
+      action: "global_pricing_updated",
+      superuser_id: superuser_id,
+      ip_address: ip_address,
+      metadata: metadata
+    })
+
+    :ok
+  end
 end
diff --git a/lib/towerops/admin/audit_log.ex b/lib/towerops/admin/audit_log.ex
index ce640d0c..75c72da7 100644
--- a/lib/towerops/admin/audit_log.ex
+++ b/lib/towerops/admin/audit_log.ex
@@ -47,6 +47,7 @@ defmodule Towerops.Admin.AuditLog do
       "org_delete",
       "agent_debug_enable",
       "agent_debug_disable",
+      "global_pricing_updated",
       # User data access
       "user_data_viewed",
       "user_data_exported",
diff --git a/test/towerops/admin_test.exs b/test/towerops/admin_test.exs
index 9734878a..50d2408c 100644
--- a/test/towerops/admin_test.exs
+++ b/test/towerops/admin_test.exs
@@ -780,4 +780,120 @@ defmodule Towerops.AdminTest do
       assert found_org.device_count == 0
     end
   end
+
+  describe "update_global_pricing/3" do
+    test "updates settings, creates Stripe price, migrates subscriptions, and audits" do
+      import Towerops.OrganizationsFixtures
+
+      alias Towerops.Admin.AuditLog
+      alias Towerops.Billing.StripeClient
+      alias Towerops.Settings
+      alias Towerops.Settings.ApplicationSetting
+
+      superuser = user_fixture(%{superuser: true})
+      user = user_fixture()
+      _org1 = organization_fixture(user.id, %{subscription_status: "active", stripe_subscription_id: "sub_1"})
+      _org2 = organization_fixture(user.id, %{subscription_status: "active", stripe_subscription_id: "sub_2"})
+
+      # Seed current settings
+      {:ok, _} = Repo.insert(%ApplicationSetting{key: "default_free_devices", value: "10", value_type: "integer"})
+      {:ok, _} = Repo.insert(%ApplicationSetting{key: "default_price_per_device", value: "2.00", value_type: "string"})
+
+      # Mock Stripe
+      Req.Test.stub(StripeClient, fn conn ->
+        cond do
+          conn.method == "POST" and String.contains?(conn.request_path, "/v1/prices") ->
+            conn
+            |> Plug.Conn.put_resp_content_type("application/json")
+            |> Plug.Conn.send_resp(200, Jason.encode!(%{"id" => "price_new123"}))
+
+          conn.method == "GET" and String.contains?(conn.request_path, "/v1/subscriptions") ->
+            # Return subscription with items
+            conn
+            |> Plug.Conn.put_resp_content_type("application/json")
+            |> Plug.Conn.send_resp(
+              200,
+              Jason.encode!(%{
+                "id" => "sub_test",
+                "items" => %{"data" => [%{"id" => "si_test", "price" => %{"id" => "price_old"}}]}
+              })
+            )
+
+          String.contains?(conn.request_path, "/v1/subscriptions") ->
+            conn
+            |> Plug.Conn.put_resp_content_type("application/json")
+            |> Plug.Conn.send_resp(200, Jason.encode!(%{"id" => "sub_test"}))
+
+          true ->
+            conn
+            |> Plug.Conn.put_resp_content_type("application/json")
+            |> Plug.Conn.send_resp(404, Jason.encode!(%{}))
+        end
+      end)
+
+      attrs = %{
+        "default_free_devices" => "15",
+        "default_price_per_device" => "3.00"
+      }
+
+      assert {:ok, result} = Admin.update_global_pricing(attrs, superuser.id, "127.0.0.1")
+
+      # Verify settings updated
+      assert Settings.get_setting("default_free_devices") == 15
+      assert Settings.get_setting("default_price_per_device") == "3.00"
+      assert Settings.get_setting("stripe_price_id") == "price_new123"
+
+      # Verify migration results
+      assert result.total == 2
+      assert result.succeeded == 2
+
+      # Verify audit log
+      log =
+        Repo.one(
+          from al in AuditLog, where: al.action == "global_pricing_updated", order_by: [desc: al.inserted_at], limit: 1
+        )
+
+      assert log.superuser_id == superuser.id
+      assert log.ip_address.address == "127.0.0.1"
+      assert log.metadata["old_free_devices"] == 10
+      assert log.metadata["new_free_devices"] == 15
+      assert log.metadata["old_price"] == "2.00"
+      assert log.metadata["new_price"] == "3.00"
+      assert log.metadata["migration_succeeded"] == 2
+    end
+
+    test "returns ok when price unchanged and no migration needed" do
+      alias Towerops.Settings
+      alias Towerops.Settings.ApplicationSetting
+
+      superuser = user_fixture(%{superuser: true})
+
+      {:ok, _} = Repo.insert(%ApplicationSetting{key: "default_free_devices", value: "10", value_type: "integer"})
+      {:ok, _} = Repo.insert(%ApplicationSetting{key: "default_price_per_device", value: "2.00", value_type: "string"})
+
+      # Only change free devices, not price
+      attrs = %{
+        "default_free_devices" => "15",
+        "default_price_per_device" => "2.00"
+      }
+
+      assert {:ok, result} = Admin.update_global_pricing(attrs, superuser.id, "127.0.0.1")
+
+      # No Stripe price created since price unchanged
+      assert is_nil(Settings.get_setting("stripe_price_id"))
+      assert result.total == 0
+    end
+
+    test "validates pricing values" do
+      superuser = user_fixture(%{superuser: true})
+
+      # Invalid free devices (negative)
+      assert {:error, :invalid_free_devices} =
+               Admin.update_global_pricing(%{"default_free_devices" => "-5"}, superuser.id, "127.0.0.1")
+
+      # Invalid price (too high)
+      assert {:error, :invalid_price} =
+               Admin.update_global_pricing(%{"default_price_per_device" => "1000.00"}, superuser.id, "127.0.0.1")
+    end
+  end
 end