PayPal comes in light on revenue, profit drops from last year [MSNBC.com]
PayPal Holdings, Inc. (PYPL)
Last paypal holdings, inc. earnings: 1/29 04:15 pm
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Source: MSNBC.com
PayPalHere's how the company did versus expectations: per share:Second quarter net profit dropped 23% from a year earlier to $1.18 billion, and the company added 11.4 million net new active accounts, for a total of 403 million active accountsRevenue grew 19% year over year in the quarter that ended June 30,according to a statementdrive record payment volumeTotal payment volume grew 40% to $311 billion, while the Venmo app, which began supporting cryptocurrency services in April, saw payment volume grow 58% to $58 billion.The mobile payments company made a big push into crypto in the last year, allowing users in the U.S. to buy, sell, and check out with cryptocurrencies.With its network of 32 million retailers, PayPal's crypto ambitions have positioned the company as a rival toCoinbasemost popular crypto exchangePayPal says that eBay is transitioning off of its platform, which is causing a "short-term drag" on growth but says the eBay transition will be completed by the end of the thir
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PYPL
News
- Payment cards continue to dominate e-commerce payments in Australia, reveals GlobalData [Yahoo! Finance]Yahoo! Finance
- Stripe Brings Back Crypto Payments on Platform With Stablecoins [BNN Bloomberg (Canada)]BNN Bloomberg
- Unlocking Q1 Potential of Paypal (PYPL): Exploring Wall Street Estimates for Key Metrics [Yahoo! Finance]Yahoo! Finance
- Airwallex expands payment acceptance solution to the US [Yahoo! Finance]Yahoo! Finance
- Stripe Unlocks Its All-or-Nothing Payment Processing Approach [BNN Bloomberg (Canada)]BNN Bloomberg
PYPL
Earnings
- 2/7/24 - Beat
PYPL
Sec Filings
- 4/17/24 - Form PX14A6G
- 4/16/24 - Form 4
- 4/16/24 - Form 4
- PYPL's page on the SEC website