"Shares of PayPal Holdings, Inc. (NASDAQ:PYPL) gained 1.76% over the past month after losing 3.41% and 11.12% the two months prior. That brings the payment processor's year-to-date loss to more than 20%. However, the stock is up nearly 20% since its 52-week low on April 8. When PayPal reported Q2 earnings on July 29, it beat on both top and bottom lines. EPS was $1.40 versus an expected $1.30, and revenue was $8.29 billion versus an expected $8.08 billion."
"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. Since then, the company's online payments services have exploded in popularity, with its market cap peaking at $356.75 billion in July 2021."
PayPal experienced recent monthly gains after prior declines, leaving a year-to-date loss exceeding 20% while recovering nearly 20% from its April 8 52-week low. Q2 results on July 29 showed EPS of $1.40 versus $1.30 expected and revenue of $8.29 billion versus $8.08 billion expected. PayPal was founded in 1998, went public four years later, was acquired by eBay and spun off to independence in 2015. Market capitalization peaked at $356.75 billion in July 2021, with shares down over 78% since that peak. The global fintech market is forecast to grow at a 17.5% CAGR through 2030, indicating significant industry tailwinds and potential upside.
Read at 24/7 Wall St.
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