This article analyzes the global stability of synchronous reference frame phase-locked loops (SRF-PLLs) from a large signal viewpoint. First, a large-signal model of SRF-PLL is accurately established, without applying any linearization method. Then, according to the phase portrait and Lyapunov argument, the global performance of SRF-PLL is discussed in the nonlinear frame. Compared with the small-signal analysis methods, the proposed analysis, not relying on the small-signal model and linearization method, provides a global discussion of the SRF-PLL performance. The contributions of this article are as follows. First, it is found that SRF-PLL has infinite equilibrium points, including stable points and saddle points. Second, it provides a way to divide the global region of SRF-PLL into many small regions. In each small region, the SRF-PLL only has one stable equilibrium point. And for any initial states <inline-formula xmlns:mml="http://www.w3.org/1998/Math/MathML" xmlns:xlink="http://www.w3.org/1999/xlink"><tex-math notation="LaTeX">$(\tilde{\theta }(t_0),\tilde{\omega }(t_0))$</tex-math></inline-formula> in a small region, all states <inline-formula xmlns:mml="http://www.w3.org/1998/Math/MathML" xmlns:xlink="http://www.w3.org/1999/xlink"><tex-math notation="LaTeX">$(\tilde{\theta }(t),\tilde{\omega }(t)),t>t_0$</tex-math></inline-formula> will remain in this small region, and SRF-PLL will converge to the unique stable equilibrium point of this small region. Third, by dividing the global region of SRF-PLL into many small regions, it is found that when the frequency of grids varies largely, the SRF-PLL will converge to a new equilibrium point that is far away from the original equilibrium point. It is the reason why the frequency convergence of SRF-PLL has many oscillations and SRF-PLL has a rather slow dynamic, when the frequency changes largely. The experimental results are provided to verify the proposed global stability analysis of SRF-PLL.