FinTech giant PayPal's Q2: profitability push pays off, yet all eyes are on growth challenges 👀💸; Credit card debt soars, but delinquency trends show mixed signals 📈💳
FinTech is Eating the World, 30 July
Hey Everyone,
Good morning & happy Wednesday! Today’s issue is really exciting as we’re going to take a deep dive into PayPal’s latest financials and how they’re managing the profitability push (breaking down the key numbers, what they mean & whether PayPal stock is worth your time and money in 2024 + more bonus dives into PayPal and Shopify), and credit card debt which is soaring (recap of the latest US data, what it means & what can we expect next). Let’s just jump straight into the amazing stuff 🌶
FinTech giant PayPal's Q2: profitability push pays off, yet all eyes are on growth challenges 👀💸
Earnings time 🤑 PayPal PYPL 0.00%↑ shares jumped after the digital payments giant logged higher quarterly profit and revenue and raised its annual earnings guidance.
Finance behemoth’s second quarter 2024 results reveal a company in transition, successfully prioritizing profitability but grappling with slowing growth in its core business.
Let’s take a deep dive into this, break down the key numbers, what they mean, and see whether PayPal stock is worth your time and money in 2024.