Core Insights - The article discusses the author's long-term interest in PayPal Holdings, Inc. (PYPL), highlighting the company's performance through various market conditions since 2024 [1]. Group 1: Investment Perspective - The author seeks asymmetric investment opportunities where potential upside significantly outweighs downside risks, indicating a focus on value and growth investments [1]. - The author emphasizes a preference for businesses that are currently overlooked or out of favor in the market, suggesting a contrarian investment strategy [1]. Group 2: Background and Experience - The author holds a Master's degree in Business Administration, providing a strong foundation in finance, strategy, and market analysis, which supports their investment insights [1]. - The author has over ten years of experience in the stock market, indicating a deep understanding of market dynamics and investment strategies [1].

Core Insights - U.S. Bank has launched the Split World Mastercard, which allows consumers to convert purchases into monthly payment plans, serving as an alternative to buy now, pay later (BNPL) options [2][3] Product Features - The Split World Mastercard can be used for both in-store and online purchases wherever Mastercard is accepted, automatically splitting purchases into a three-month payment plan with no interest or annual fee [2] - Cardholders have the option to extend payment plans to six or twelve months for purchases of $100 or more, incurring a small, fixed monthly plan fee [3] - The card is designed to meet the needs of consumers seeking easy and transparent funding options for purchases of all sizes [3] Target Market - The Split Card is expected to appeal particularly to Gen Z consumers, who value usability, simplicity, and financial consistency through equal monthly payments [4] - Research indicates that 14% of both millennial and Gen Z consumers have utilized card installment payments over three months, reflecting a strong preference for structured payment methods [5] Market Trends - The popularity of credit card split payments is growing, with these options being used more frequently than BNPL for specific goods and services, including travel, experiences, and groceries [5] - The usage of private label cards among younger consumers has also increased, with Gen Z's usage of private label installments growing nearly 20% over two years, while millennials saw a modest annual growth of 0.8% [6]

Core Insights - The article emphasizes investing in high-growth opportunities across various industries while employing a value investing approach that prioritizes robust business models and strategic foresight [1] - The focus is on companies with the potential to significantly influence the global landscape in the coming years [1] - The primary valuation methodology used is discounted cash flow (DCF), with adaptability to various other valuation techniques [1] - Business model frameworks from institutions like Harvard Business School are utilized for in-depth analysis, ensuring a comprehensive understanding of a company's intrinsic value and strategic positioning [1] Investment Strategy - The investment strategy is centered on long-term growth potential and risk mitigation [1] - The approach aims to facilitate informed investment decisions by analyzing companies' intrinsic value [1] - The analyst's educational background includes an MBA from IESE Business School and being a chartered financial analyst with the CFA Institute [1]

Core Insights - PayPal Holdings, Inc. reported Q3 2025 earnings with revenue of $8.41 billion and total payment volume (TPV) of approximately $458 billion, indicating growth in both metrics Financial Performance - Revenue for Q3 2025 reached $8.41 billion, showcasing the company's ability to generate significant income [1] - Total payment volume (TPV) was around $458 billion, reflecting an increase in transaction activity [1]

Core Viewpoint - Global Payments Inc. demonstrates strong financial performance and growth potential, supported by a positive outlook from Raymond James, which has raised the price target for the stock. Financial Performance - The company reported adjusted earnings per share (EPS) of $3.26, exceeding the Zacks Consensus Estimate of $3.23, marking a 12% increase compared to the previous year [2] - Revenue for the third quarter rose by 3% to $2.4 billion, driven by strong performance in the Merchant and Issuer Solutions segments, surpassing consensus expectations by 0.9% [3] - The operating margin expanded by 110 basis points to 45%, attributed to reduced expenses and gains in core segments [3] Stock Performance - The current stock price for GPN is $79.51, reflecting an increase of approximately 3.12% or $2.41 [4] - Over the past year, the stock has fluctuated between a high of $120 and a low of $65.93, with a market capitalization of approximately $19.29 billion [4] - Raymond James reaffirmed its "Outperform" rating for GPN and raised the price target from $100 to $105 [5]

Global Payments’ new point-of-sale software, Genius, has been resonating with merchants since the launch of its configurations for restaurants and retail in the second quarter, executives said Tuesday (Nov. 4) during the company’s third quarter earnings call.By completing this form, you agree to receive marketing communications from PYMNTS and to the sharing of your information with our sponsor, if applicable, in accordance with our Privacy Policy and Terms and Conditions .Complete the form to unlock this a ...

Core Viewpoint - Visa Inc. is recognized as a strong investment opportunity, with a "Buy" rating maintained by TD Cowen analyst Bryan Bergin, supported by robust financial performance and a positive outlook for the future [1][2]. Financial Performance - In Q4 2025, Visa reported a 12% growth in net revenue, reaching $10.7 billion, driven by healthy consumer spending trends, particularly in the US and an acceleration in the Asia-Pacific region, especially Mainland China [2]. - The company's earnings per share (EPS) and revenue exceeded expectations, attributed to growth in data processing and favorable cross-border transactions [1]. Innovation and Market Position - Visa is positioned to lead in the evolving commerce landscape due to its focus on innovation and product development, leveraging technologies such as AI-driven commerce, real-time money movement, tokenization, and stablecoins [3]. - The company operates the world's largest retail electronic payment network, which is expected to benefit from the proliferation of stablecoins, potentially expanding the addressable market for card networks [3]. Market Sentiment - Despite a decline in shares amid a broader selloff in card network stocks, the investment management company Sands Capital does not view stablecoin proliferation as a threat to card volumes, suggesting that card networks could enhance stablecoin adoption by providing necessary rules and protections [3].

Financial Data and Key Metrics Changes - The company reported adjusted net revenue of $2.43 billion for Q3 2025, reflecting a 6% increase from the prior year on a constant currency basis, excluding dispositions [31] - Adjusted operating margins expanded by 110 basis points to 45%, or 80 basis points excluding dispositions, due to strong execution and benefits from the transformation [32] - Adjusted earnings per share (EPS) increased by 12% on a reported basis and 11% on a constant currency basis, reaching $3.26 [33] - Adjusted free cash flow for the quarter was approximately $784 million, representing a conversion rate of adjusted net income to adjusted free cash flow of about 100% [38] Business Line Data and Key Metrics Changes - Merchant solutions generated adjusted net revenue of $1.88 billion for the quarter, reflecting approximately 6% growth on a constant currency basis, excluding dispositions [33] - The POS and software business achieved high single-digit growth, excluding dispositions, with a notable increase in new Genius locations sold, seeing a 37% monthly increase since launch [34] - Issuer Solutions generated adjusted net revenue of $562 million for the third quarter, reflecting over 5% growth on a constant currency basis, marking an acceleration from the first half of the year [36] Market Data and Key Metrics Changes - International markets showed relative strength with high single-digit constant currency revenue growth across Central Europe and Asia-Pacific, benefiting from strong secular payment trends [35] - The macroeconomic backdrop remains stable, supporting the view that consumer spending is resilient [33] Company Strategy and Development Direction - The company is focused on transforming into a pure-play merchant solutions provider, with the anticipated closing of the Worldpay acquisition and divestiture of Issuer Solutions expected in Q1 2026 [4][26] - A significant investment of approximately $1 billion annually is dedicated to merchant and commerce enablement solutions, aimed at accelerating the product roadmap and delivering differentiated value [45] - The integration strategy emphasizes growth, competitiveness, and innovation while unifying under a single brand [27] Management's Comments on Operating Environment and Future Outlook - Management expressed confidence in the trajectory of the business, expecting adjusted earnings per share growth at the high end of the 10%-11% range on a constant currency basis for the full year [43] - The company anticipates returning $7.5 billion to shareholders between 2025 and 2027 while simultaneously deleveraging to three times within 18-24 months of closing the Worldpay transaction [46] - Management highlighted the importance of leveraging increased scale and realizing meaningful synergies to generate significantly more leverage-free cash flow [46] Other Important Information - The company has appointed two new independent directors to its board, enhancing leadership skills and financial technology expertise [29] - A new ad hoc integration committee has been established to oversee the integration of Worldpay following the acquisition [29] Q&A Session Summary Question: Thoughts on capital returns given the massive amount of free cash flow - Management expects to return close to $9 billion from dispositions and cash flow generation between 2025 and 2027, prioritizing capital returns to shareholders while also investing in business growth [50] Question: Insights on Genius and competitive landscape - The company is winning in various markets, with 90% of new sales to new customers and a 37% increase in new locations sold since the launch of Genius [56] - Management noted that the pricing environment remains constructive, focusing on value-based pricing rather than being the low-cost provider [63] Question: Organic growth components and Salesforce expansion - Organic growth is driven by new sales productivity and stable same-store sales trends, with efforts to harmonize pricing structures across portfolios [70] - The company is sourcing sales talent broadly, targeting software salespeople with consultative sales experience [73]

Third Quarter 2025 Investor Presentation November 4, 2025 Cautionary Statements Forward Looking Statements Certain statements and information in this presentation (as well as information included in other written or oral statements we make from time to time) may contain or constitute "forward-looking statements" within the meaning of the Private Securities Litigation Reform Act of 1995, Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended ...

Core Insights - Square is assisting UK retailers and hospitality businesses in preparing for the upcoming shopping and dining weekend by providing insights from last year's record-breaking Black Friday and Cyber Monday [1] - In 2024, UK sellers utilizing Square's technology experienced a 31% year-over-year increase in in-store retail transactions during the Black Friday to Cyber Monday period [1] - Square is offering an exclusive promotion of up to 50% off its hardware for a five-week duration to support sellers [1]