PayPal Q2 earnings results are here

PayPal Holding Inc. (PYPL) announced its latest financial results after the closing bell in the US on Tuesday.

The US financial technology company reported revenue of $6.8 billion in Q2, topping Wall Street estimate of $6.778 billion.

Earnings per share also beat analyst estimates for the quarter at $0.93 per share vs. $0.87 per share estimate.

”Our second quarter results were solid with currency neutral revenue and non-GAAP earnings growth exceeding expectations. We continue to gain share as we execute across our key strategic initiatives, even as we drive operational efficiency across our business.” Dan Schulman, President and CEO of PayPal said in a press release after the latest results.

PayPal Holding Inc. (PYPL) chart

Shares of PayPal were up by 1.20% at the close of trading on Tuesday $89.63. The stock rose by around 11% after better than expected Q2 results.

Here is how the stock has performed in the past year:

• 1 Month +20.47%
• 3 Month -1.19%
• Year-to-date -52.47%
• 1 Year -67.23%

PayPal price targets

• Berenberg $145
• Oppenheimer $101
• Keybanc $100
• Wells Fargo $97
• JP Morgan $112
• JMP Securities $100
• RBC Capital $92
• Piper Sandler $93
• Truist Securities $80
• Credit Suisse $95
• Morgan Stanley $129

PayPal is the 118^th largest company in the world with a market cap of $103.79 billion.

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Sources: PayPal Holding Inc., TradingView, MetaTrader 5, Benzinga, CompaniesMarketCap