Log in
E-mail
Password
Remember
Forgot password ?
Become a member for free
Sign up
Sign up
New member
Sign up for FREE
New customer
Discover our services
Settings
Settings
Dynamic quotes 
OFFON

PAYPAL HOLDINGS, INC.

(PYPL)
  Report
SummaryQuotesChartsNewsRatingsCalendarCompanyFinancialsConsensusRevisions 
SummaryMost relevantAll NewsAnalyst Reco.Other languagesPress ReleasesOfficial PublicationsSector newsMarketScreener Strategies

PayPal : Payment Volume Jumped by 50% YoY to $285B in Q1 2021, the Number of Transactions Surged to 4.4B

06/08/2021 | 11:48am EDT

The COVID-19 continues driving the digital transformation of the global payments industry, with more people than ever using online payments over cash and credit cards. As one of the first and most significant players in the digital payments landscape, PayPal has also witnessed an impressive growth both in the number of users and the payment volume.

According to data presented by BuyShares.co.uk, PayPal's total payment volume jumped by 50% year-over-year and hit $285bn in the first quarter of 2021.

The Number of Transactions Hit 4.4 Billion in Q1 2021, a 35% Jump in Year

Compared to its biggest rival, Alipay, built on the Alibaba ecosystem with a much larger user base, PayPal operates as a standalone company. Moreover, it scores the Chinese competitor both in terms of worldwide popularity and international acceptance.

Its massive global reach has been driving steady growth even before the COVID-19. However, according to the company itself, the year where the coronavirus pandemic dominated the world was the strongest year in PayPal's history.

In 2020, PayPal generated $21.5bn in revenue, 21% more than in 2019. The platform's total payment volume increased significantly. After reaching $190.5bn in the first quarter of 2020, total payment volume jumped to over $277bn in December, a 42% increase in nine months. The positive trend continued in 2021, with PayPal's payment volume rising to $285bn, the highest figure in the company's history.

The number of transactions made on the platform also soared in the last year. In 2020, PayPal processed around 15.4 billion payments, 25% than in 2019. In the first quarter of 2021, the online money transfer provider processed 4.4 billion transactions, 35% more than in the same period a year ago.

67 Million People Started Using PayPal in the Last Year

Today, the PayPal platform provides digital commerce and peer-to-peer money transfers in more than 200 markets globally, with millions of people using its services.

Five years ago, PayPal had 184 million users all around the world. Statistics show this number jumped by 65% to 305 million in the fourth quarter of 2019. However, last year witnessed the highest annual increase in the number of users, growing by 41% YoY to 377 million.

The number of users continued growing in 2021 and hit 392 million in the first quarter of the year, a 67 million increase YoY.

The full story can be read here: https://buyshares.co.uk/paypals-payment-volume-jumped-by-50-yoy-to-285b-in-q1-2021-the-number-of-transactions-surged-to-4-4b/

Contact: Adam Grunwerg

Psychic Ventures Ltd

St Magnus House

3 Lower Thames Street

London

EC3R 6HD

adam@psyventures.com

www.buyshares.co.uk

.

(C) 2021 M2 COMMUNICATIONS, source M2 PressWIRE

All news about PAYPAL HOLDINGS, INC.
07/22PAYPAL : Barclays Adjusts PayPal Holdings' Price Target to $343 From $318, Maint..
MT
07/22Australia's Zip mulls crypto trading option as BNPL race heats up
RE
07/21Exclusive-BT takes multi-million pound stake in cyber firm Safe Security
RE
07/21BT takes multi-million pound stake in cyber firm Safe Security
RE
07/21EQS-NEWS : Dynamic Capital Group: Dynamic Capital Group AG issued an Actively Ma..
DJ
07/20PAYPAL : Q2 Results Should Benefit From Recovery in Travel, Events Spending, Bof..
MT
07/20PAYPAL : Wells Fargo Adjusts PayPal Holdings' Price Target to $350 From $310, Re..
MT
07/19Australia's Afterpay to launch banking app in October
RE
07/19Australia's Afterpay to launch banking app in October
RE
07/19Afterpay Schedules Bank Account Launch in Push for User Engagement -- Update
DJ
More news
Financials (USD)
Sales 2021 25 821 M - -
Net income 2021 3 896 M - -
Net cash 2021 9 672 M - -
P/E ratio 2021 92,8x
Yield 2021 -
Capitalization 353 B 353 B -
EV / Sales 2021 13,3x
EV / Sales 2022 10,8x
Nbr of Employees 26 500
Free-Float 90,5%
Chart PAYPAL HOLDINGS, INC.
Duration : Period :
PayPal Holdings, Inc. Technical Analysis Chart | MarketScreener
Full-screen chart
Technical analysis trends PAYPAL HOLDINGS, INC.
Short TermMid-TermLong Term
TrendsBullishBullishBullish
Income Statement Evolution
Consensus
Sell
Buy
Mean consensus BUY
Number of Analysts 48
Last Close Price 300,48 $
Average target price 322,43 $
Spread / Average Target 7,30%
EPS Revisions
Managers and Directors
Daniel H. Schulman President, Chief Executive Officer & Director
John D. Rainey CFO & Executive VP-Global Customer Operations
John J. Donahoe Chairman
Sripada Shivananda Chief Technology Officer & Executive VP
Jonathan Christodoro Independent Director
Sector and Competitors
1st jan.Capi. (M$)
PAYPAL HOLDINGS, INC.28.30%360 407
VISA14.41%533 732
MASTERCARD10.18%389 283
PALO ALTO NETWORKS, INC.12.27%38 858
NUVEI CORPORATION34.84%11 438
AVAST PLC7.57%8 245