Report
Jim Sinegal
EUR 101.80 For Business Accounts Only

Global Payments' Combination of Scale and Focus Continues to Pay Off in 3Q

Global Payments continued to ride the wave of growing electronic payment acceptance in the third quarter, with adjusted net revenue increasing 12% and adjusted operating margin expanding to 31.3%. At the same time, Global Payments has positioned itself to capitalize on changes in the industry. Integrated payments (the combination of payment processing with other types of enterprise software), omnichannel solutions (the convergence of physical, online, and mobile payments), and vertical markets (...
Underlying
Global Payments Inc.

Global Payments is a pure play payment technology company providing payments and software solutions to merchants and financial institutions. The company has three segments: Merchant Solutions, which includes authorization services, chargeback resolution, and payment security services; Issuer Solutions, which provides solutions that enable financial institutions and other financial service providers to manage their card portfolios and reduces technical difficulty and overhead on a single platform; and Business and Consumer Solutions, which provides general purpose reloadable prepaid debit and payroll cards, demand deposit accounts and other financial service solutions through its Netspend? brand.

Provider
Morningstar
Morningstar

Morningstar, Inc. is a leading provider of independent investment research in North America, Europe, Australia, and Asia. The company offer an extensive line of products and services for individual investors, financial advisors, asset managers, and retirement plan providers and sponsors.

Morningstar provides data on approximately 530,000 investment offerings, including stocks, mutual funds, and similar vehicles, along with real-time global market data on more than 18 million equities, indexes, futures, options, commodities, and precious metals, in addition to foreign exchange and Treasury markets. Morningstar also offers investment management services through its investment advisory subsidiaries and had approximately $185 billion in assets under advisement and management as of June 30, 2016.

We have operations in 27 countries.

Analysts
Jim Sinegal

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