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Stock impact report

Can PayPal Continue to Grow Its Business? [The Motley Fool]

PayPal Holdings, Inc. (PYPL) 
Last paypal holdings, inc. earnings: 1/29 04:15 pm Check Earnings Report
US:NASDAQ Investor Relations: investor.paypal-corp.com
Company Research Source: The Motley Fool
Can PayPal Continue to Grow Its Business? The payment services industry has been growing rapidly, but the increasing number of players is ramping up competition. PayPal Holdings ( NASDAQ:PYPL ) is one of the pioneers in the online payments space. The company operates a worldwide system that also supports money transfers between different countries and currencies. PayPal was listed back in 2002, and then bought by eBay , only to be spun out of eBay in 2015 in a second IPO. PayPal just reported impressive Q3 2019 earnings, with revenue growing 19% year over year to $4.38 billion and net income after taxes increasing by 6% year over year to $462 million. In addition, the company added 9.8 million net new active accounts during the quarter, raising active accounts to 295 million for year-over-year growth of 16%. It's surprising that a $124 billion market cap company is still able to post double-digit revenue and active subscriber growth, and PayPal definitely should rank as one of the s Show less Read more
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