Worldpay is one of the world’s biggest card payment processors. As such, the company is often expected to note impressive quarterly statistics. Given the global rise in online payments and ecommerce, that is only normal. In their Q3 report, the company has noted a very strong increase in net revenue, among other things.
It is evident Worldpay has become a household name in the world of online transactions. This global leading merchant has noted a net revenue increase of 84% in its latest quarterly report. It is a very significant increase which seems to confirm the trust in Worldpay is at an all-time high at this time.
Worldpay Report is Surprisingly Positive
Other statistics shared by the company are equally as impressive. Net income per diluted share attributable decrease to $0.01. This is primarily because of the acquisition by Vantiv Inv, among other things. On the other side of the medallion, the adjusted net income per share increased by 17%. This further confirms the company is doing a lot of things right at this time.
Worldpay co-CEO Charles Drucker adds:
“I am excited about the momentum that we are building in the marketplace as the newly combined Worldpay. We are winning because we offer our clients a powerful value proposition that includes a unique combination of global reach, innovative technologies, and tailored solutions that differentiates us from our competitors.”
Some stockholders had expressed concerns over these quarterly earnings. More specifically, Vantiv Inc acquired Worldpay Group earlier this form. This allowed the company to “rebrand” to Worldpay Inc. It is this new entity which is now starting to hit its stride, based on this quarterly report. There is still work to be done, but the current statistics look promising.