According to Odaily, PayPal's stock saw a pre-market increase of up to 6% following the release of its second-quarter financial results for the fiscal year 2024. The company reported an 8% year-over-year increase in net revenue, reaching $7.9 billion. Additionally, transaction profit margins grew by 8%, amounting to $3.6 billion.
As of June 30, 2024, PayPal's total cash, cash equivalents, and investments stood at $18.3 billion, while its total debt amounted to $12.2 billion.