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PayPal Holdings, Inc. - PYPL STOCK NEWS

Welcome to our dedicated page for PayPal Holdings news (Ticker: PYPL), a resource for investors and traders seeking the latest updates and insights on PayPal Holdings stock.

PayPal Holdings, Inc. (NASDAQ: PYPL) is a global leader in the digital payment revolution, headquartered in San Jose, California, with an international office in Singapore. Established as an independent entity after its spinoff from eBay in 2015, PayPal is dedicated to democratizing financial services and making managing money accessible to all.

PayPal facilitates electronic payments for merchants and consumers, specializing in online transactions. By the end of 2023, the company had amassed 426 million active accounts across more than 200 markets. PayPal also owns Venmo, a widely-used person-to-person payment platform.

PayPal continues to innovate, recently appointing Jamie Miller as its Chief Financial Officer (CFO), who brings extensive experience from her previous roles at EY, Cargill, and General Electric. Under her leadership, PayPal aims to drive profitable growth and operational efficiency.

In 2023, PayPal showcased solid financial performance, driven by ongoing operating discipline, with notable achievements in both revenue and earnings per share (EPS). The company also announced several groundbreaking innovations set to revolutionize commerce in 2024. These include a revamped PayPal checkout experience, the introduction of Fastlane for faster guest checkouts, and Smart Receipts powered by AI for personalized recommendations.

PayPal's platform is designed to make financial services convenient, affordable, and secure. Their recent initiatives, such as introducing the PayPal USD (PYUSD) stablecoin and its integration with the Solana blockchain, demonstrate their commitment to pioneering digital payments.

For more information, visit PayPal.

News

PayPal Reports Third Quarter 2023 Results

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PayPal reports solid Q3'23 performance with total payment volume of $387.7 billion, growing 15% on an FX-neutral basis. Net revenues reached $7.4 billion, growing 8% on a GAAP basis. GAAP EPS was $0.93 compared to $1.15 in Q3'22. Operating cash flow was $1.3 billion with free cash flow of $1.1 billion. FY'23 net revenues expected to grow ~6%-7% on a spot basis in Q4'23. GAAP EPS expected to be ~$1.20 in Q4'23. FY'23 GAAP EPS now expected to be ~$3.75 compared to $2.09 in FY'22. FY'23 share repurchases expected to reach ~$5 billion.
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PayPal Names Jamie Miller as Chief Financial Officer

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PayPal appoints Jamie Miller as Executive Vice President and Chief Financial Officer (CFO), effective Nov. 6, 2023. Miller will be responsible for PayPal's financial strategies and global finance organization. She brings extensive experience in driving strong financial results and operational discipline.
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UPS to Acquire Happy Returns, a Leader in Reverse Logistics

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UPS has announced its acquisition of Happy Returns from PayPal, a software and reverse logistics company that enables no-box, no-label returns. The deal will enhance UPS's digital solutions and expand its returns footprint, offering box-free, label-free returns at over 12,000 locations in the U.S.
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PayPal Announces Investments to Advance Economic Empowerment for Women and Girls

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PayPal invests in Sweef Capital and Quona Opportunity Fund to support women's economic empowerment
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Retailers' New Return Fees are Driving Consumers to In-Person, Box-Free Returns

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New study shows growing preference for in-person box-free returns, retailers introducing return fees
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PayPal, Venmo Credit and Debit Cards Now Available to Add in Apple Wallet

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Customers can now use Apple Pay with their PayPal or Venmo credit and debit cards, earning the same cashback and rewards. Mobile wallet usage is increasing in popularity. Transactions made with Apple Pay are secure and authenticated. Customers can easily add their cards to Apple Wallet. In the future, PayPal Business Debit Card and Venmo cards can also be added. Various cashback and rewards are available for different cards.
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Uber and PayPal Expand Relationship

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Uber signs multi-year global deal with PayPal, expanding partnership and leveraging PayPal's services
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PayPal Names Alex Chriss as Next President and CEO

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PayPal Holdings, Inc. has appointed Alex Chriss as President and CEO, effective September 27, 2023. Chriss, a senior Intuit executive, has extensive global payments, product, and technology experience. He has a successful track record in leading businesses and driving growth. Chriss will join PayPal's Board of Directors and has the unanimous support of the Board. Dan Schulman, the current CEO, will remain on the board until May 2024.
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PayPal Launches U.S. Dollar Stablecoin

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PayPal announces the launch of PayPal USD, a U.S. dollar-denominated stablecoin that is fully backed by U.S. dollar deposits, short-term U.S. Treasuries, and similar cash equivalents. The stablecoin can be redeemed 1:1 for U.S. dollars and is issued by Paxos Trust Company. It will be available for eligible U.S. PayPal customers to transfer, send person-to-person payments, fund purchases, and convert supported cryptocurrencies. PayPal USD aims to bridge the gap between fiat and digital currencies, reduce friction for in-experience payments, and support the growth of digital payments.
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PayPal Reports Second Quarter 2023 Results

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PayPal Holdings, Inc. announced its second quarter 2023 results, with earnings release and related materials available on its investor relations website. The company will host a conference call to discuss these results, with a live webcast and an archive accessible for 90 days.
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FAQ

What is the current stock price of PayPal Holdings (PYPL)?

The current stock price of PayPal Holdings (PYPL) is $87.13 as of December 20, 2024.

What is the market cap of PayPal Holdings (PYPL)?

The market cap of PayPal Holdings (PYPL) is approximately 87.3B.

What is PayPal Holdings, Inc.?

PayPal Holdings, Inc. (NASDAQ: PYPL) is a leading digital payments company that provides electronic payment solutions for merchants and consumers globally, specializing in online transactions.

How many active accounts does PayPal have?

As of the end of 2023, PayPal had 426 million active accounts worldwide.

What recent leadership changes have occurred at PayPal?

Jamie Miller was recently appointed as Executive Vice President and Chief Financial Officer, bringing extensive experience from EY, Cargill, and General Electric.

What new products and innovations has PayPal introduced?

In 2024, PayPal introduced several innovations including a new checkout experience, Fastlane for guest checkouts, Smart Receipts for personalized recommendations, and the PayPal USD stablecoin on the Solana blockchain.

What is Venmo?

Venmo is a person-to-person payment platform owned by PayPal, allowing users to easily send and receive money.

What are PayPal's core values?

PayPal's core values include collaboration, innovation, wellness, and inclusion, with a mission to democratize financial services.

Where is PayPal headquartered?

PayPal is headquartered in San Jose, California, with an international office in Singapore.

How does PayPal contribute to financial services?

PayPal makes financial services more convenient, affordable, and secure by leveraging technology to empower consumers and merchants in over 200 markets.

What significance does PayPal USD (PYUSD) hold?

PayPal USD is a stablecoin introduced by PayPal to enhance digital payments, now available on the Solana blockchain for faster and cheaper transactions.

Where can I find more information about PayPal?

More information about PayPal can be found on their official website, PayPal, and their investor relations site.

Stock PYPL logo
PayPal Holdings, Inc.

Nasdaq:PYPL

PYPL Rankings

#139 Ranked by Market Cap
N/A Ranked by Dividends

PYPL Stock Data

87.26B
1.00B
0.22%
74.97%
2.28%
Credit Services
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United States of America
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