Usually means: Exceeding expectations relative to benchmark.
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We found 5 dictionaries that define the word outperformance:

General (4 matching dictionaries)
  1. outperformance: Oxford Learner's Dictionaries
  2. Outperformance, outperformance: Wordnik
  3. outperformance: Wiktionary
  4. outperformance: TheFreeDictionary.com

Business (1 matching dictionary)
  1. outperformance: Financial dictionary

Definitions from Wiktionary (outperformance)

noun:  The act or state of outperforming

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