Global Payments' Successful Two-Pronged Strategy

Global Payments' Successful Two-Pronged Strategy

Global Payments Inc. (NYSE: GPN) is a payment processing company, meaning it processes credit, debit, and mobile payments at the point of sale or online for merchants and vendors. With a market cap of $15 billion and in an industry most consumers aren't familiar with, Global Payments is probably flying under most investors' radars. And given its market-beating returns of the past few years, that's a shame. This year alone, Global Payments' stock price has risen more than 43%, nearly triple the S&P 500's returns over the same period.

In the company's recently reported third-quarter earnings report, Global Payments once again showed strong growth: Adjusted net revenue grew to $930.4 million, a 12% increase year over year, and adjusted EPS grew to $1.15, a 29% increase year over year. The company not only grew, but grew more profitable: Adjusted operating margin increased 110 basis points to 31.3%.

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Source: Fool.com