PayPal Holdings, Inc. recently saw its shares increase by 16.64% amid a broader market rally, stirred by a tariff pause between the U.S. and China. Yet, the stock remains significantly down 16.85% year-to-date and over 80% from its record high in July 2021. Founded in 1998, PayPal has established itself as a pioneer in online payments, but its market cap has drastically fallen to $60.96 billion. However, the fintech industry is poised for growth, projected at a 17.5% CAGR, indicating potential for PayPal moving forward despite current obstacles.
Despite the recent 16.64% increase, PayPal has struggled long-term, boasting a year-to-date loss of 16.85% and down 80% from its all-time high in July 2021.
PayPal, which went public in 2002 and later became independent in 2015, has seen its market cap drop drastically to $60.96 billion from $356.75 billion.
The global fintech service market is projected to grow at a CAGR of 17.5% from 2023 to 2030, offering potential for PayPal despite current challenges.
While facing challenges, PayPal gained 43.68% in 2024, outpacing the S&P 500 and showcasing potential resurgence in the competitive fintech landscape.
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