Read the following texts and table with financial data from an S&P 500 earnings report carefully.Based on the question-answer history (if provided), answer the last question. The answer may require mathematical calculation based on the data provided.


stock performance graph the following line-graph presentation compares our cumulative shareholder returns with the standard & poor 2019s information technology index and the standard & poor 2019s 500 stock index for the past five years . the line graph assumes the investment of $ 100 in our common stock , the standard & poor 2019s information technology index , and the standard & poor 2019s 500 stock index on may 31 , 2003 and assumes reinvestment of all dividends . comparison of 5 year cumulative total return* among global payments inc. , the s&p 500 index and the s&p information technology index 5/03 5/04 5/05 5/06 5/07 5/08 global payments inc . s&p 500 s&p information technology * $ 100 invested on 5/31/03 in stock or index-including reinvestment of dividends . fiscal year ending may 31 . global payments s&p 500 information technology . <table class='wikitable'><tr><td>1</td><td>-</td><td>global payments</td><td>s&p 500</td><td>s&p information technology</td></tr><tr><td>2</td><td>may 31 2003</td><td>$ 100.00</td><td>$ 100.00</td><td>$ 100.00</td></tr><tr><td>3</td><td>may 31 2004</td><td>137.75</td><td>118.33</td><td>121.98</td></tr><tr><td>4</td><td>may 31 2005</td><td>205.20</td><td>128.07</td><td>123.08</td></tr><tr><td>5</td><td>may 31 2006</td><td>276.37</td><td>139.14</td><td>123.99</td></tr><tr><td>6</td><td>may 31 2007</td><td>238.04</td><td>170.85</td><td>152.54</td></tr><tr><td>7</td><td>may 31 2008</td><td>281.27</td><td>159.41</td><td>156.43</td></tr></table> issuer purchases of equity securities in fiscal 2007 , our board of directors approved a share repurchase program that authorized the purchase of up to $ 100 million of global payments 2019 stock in the open market or as otherwise may be determined by us , subject to market conditions , business opportunities , and other factors . under this authorization , we have repurchased 2.3 million shares of our common stock . this authorization has no expiration date and may be suspended or terminated at any time . repurchased shares will be retired but will be available for future issuance. .
Question: what is the value of global payments in 2014?
Answer: 137.75
Question: what is that less 100?

37.75