"Shares of PayPal Holdings, Inc. (NASDAQ:PYPL) lost 13.35% over the past month after gaining 1.76% the month prior. That brings the payment processor's year-to-date loss to nearly 30%. However, the stock is up 5.72% since its 52-week low on April 8. When PayPal reported Q3 earnings on Oct. 28, it beat on both top and bottom lines. EPS was $1.34 versus an expected $1.19, and revenue was $8.42 billion versus an expected $8.25 billion. Those figures represented year-over-year increases of 11.7% and 7.3%, respectively."
"Long before there was Venmo and Cash App, there was PayPal. The pioneer of online payments was founded in 1998 in San Jose, Calf. Four years later, it went public and was then acquired by eBay, Inc. (NASDAQ:EBAY) later in 2022. But in 2015, eBay spun the company off to its shareholders, and PayPal has been an independent company ever since."
Shares of PayPal fell 13.35% over the past month and are nearly 30% lower year-to-date, though they rose 5.72% since the 52-week low on April 8. Q3 results on Oct. 28 beat expectations with EPS of $1.34 versus $1.19 expected and revenue of $8.42 billion versus $8.25 billion expected, marking 11.7% and 7.3% year-over-year growth. Founded in 1998 and spun off from eBay in 2015, PayPal's market cap peaked at $356.75 billion in July 2021 but has fallen to $64.54 billion. Industry forecasts project a 17.5% CAGR from 2023–2030, implying potential upside.
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