GMO Payment Gateway exceeds profit targets with 20% growth

GMO Payment Gateway reported consolidated revenue of 61,002 million yen for nine months ended June 30, up 12.6% year-over-year, with operating profit rising 20.1% to 23,444 million yen.

Despite declining initial sales, recurring revenue streams including stock, fees, and spread revenues showed robust growth. The company maintained its full-year operating profit forecast of 30,225 million yen.

GMO aims for 100 billion yen in operating profit by achieving twice the growth rate of the e-commerce market and expanding its payment service provider domain.