Total second-quarter revenue jumped 19% year-over-year for PayPal (NASDAQ: PYPL), falling slightly short of analyst expectations. The company’s shares saw an 8% drop after the close.
The company said net revenue was $6.24 billion and total payment volume (TPV) increased 40% to $311 billion, compared to $222 million in Q2 2020. Transaction revenues increased 17% year-over-year to $5.8 billion, and revenues from other value-added services were $441 million as of June 30, up 40% from $316 million...
https://www.freightwaves.com/news/paypal-beats-q2-2021-earnings-estimates-misses-on-revenue