![]() That year-over-year gain was an acceleration from 52% growth in Q2, again compared to year-ago periods. Other metrics that PayPal reported were similarly bullish, including Venmo payment processing volume rising 61% compared to the year-ago period to $44 billion. PayPal also raised its full-year payment volume growth estimates for the year from the “high 20s” in percentage terms in its Q2 earnings to “approximately 30%” as of the end of Q3 2020, adding to the good fintech news. For startups that want to facilitate consumer or business payment volume, that’s good news their market is growing quickly. In numerical terms, PayPal processed $247 billion, up 38% from the year-ago quarter, and 4 billion payments, up 30% across the same time frame. For example, the company reported what it described as the “strongest” pace of growth in its total payment volume in its history. PYPL analyst stock forecast, price target, and recommendation trends with in-depth analysis from. Turning away from PayPal’s income statement, it detailed a wealth of fintech-specific data to parse, including results that appear to indicate that rising consumer usage of fintech products during the pandemic is continuing. Both were ahead of analyst expectations of $5.43 billion and $0.94, respectively. PayPal reported revenues of $5.46 billion and adjusted earnings per share of $1.07 in the third quarter of 2020. We will maintain our 135 per share fair value estimate for the narrow-moat company and view the shares as deeply undervalued. ![]() It’s not immediately clear why PayPal is losing ground, although it could stem from retail investor having higher expectations than what analysts estimated for the high-flying company.ĭespite failing to delight the investing public, it’s possible to see continued strength for the broader fintech industry in its results. ![]() PayPal’s stock is down in after-hours trading after reporting third-quarter earnings that beat expectations. ![]()
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