"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. That coincided with the stock reaching its all-time high of $308.53."
"Shares of PayPal Holdings, Inc. (NASDAQ:PYPL) lost 0.50% over the past month after losing 13.35% the month prior. That brings the payment processor's year-to-date loss to more than 30%. However, the stock is up nearly 5% 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%."
PayPal's market capitalization declined from a July 2021 peak of $356.75 billion to about $64.54 billion, with shares falling more than 78% from their all-time high of $308.53. Recent monthly performance included a 0.50% loss following a 13.35% decline the prior month, producing a year-to-date loss exceeding 30%, while the stock rose nearly 5% from its 52-week low on April 8. Q3 earnings reported Oct. 28 beat expectations with EPS of $1.34 versus $1.19 expected and revenue of $8.42 billion versus $8.25 billion expected, representing year-over-year increases of 11.7% and 7.3%. The company was founded in 1998, went public four years later, was associated with eBay, and was spun off in 2015 to operate independently. The global fintech service market is forecast to grow at a 17.5% CAGR from 2023 to 2030, creating potential industry tailwinds, and analysis indicates significant upside potential for PayPal before the end of the decade.
Read at 24/7 Wall St.
Unable to calculate read time
Collection
[
|
...
]