"Shares of PayPal Holdings, Inc. (NASDAQ:PYPL) lost 3.41% over the past month after plummeting 11.12% the month prior. That brings the payment processor's year-to-date loss to 21.65%. However, the stock is up 17.59% 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."
"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. However, the company has endured some growing pains since then, which have resulted in its market cap being reduced to the current $64.54 billion and shares having fallen more than 78% from their all-time high in July 2021."
PayPal shares declined 3.41% over the past month and 11.12% the prior month, producing a year-to-date loss of 21.65% while rising 17.59% since its 52-week low on April 8. Q2 results on July 29 beat expectations with EPS of $1.40 versus $1.30 and revenue of $8.29 billion versus $8.08 billion. PayPal originated in 1998, went public, was acquired by eBay, spun off in 2015, and later saw market cap peak at $356.75 billion and a stock high of $308.53 in July 2021. Market cap dropped to $64.54 billion, more than 78% below the peak. Grand View Research forecasts global fintech services CAGR of 17.5% from 2023 to 2030, indicating substantial industry growth and potential upside for PayPal over the next five years.
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