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San Jose, California-based PayPal Holdings, Inc. (PYPL) operates a technology platform that enables digital payments on behalf of merchants and consumers. Valued at $77.4 billion by market cap, the company offers online payment solutions worldwide.
Shares of this fintech giant have outperformed the broader market considerably over the past year. PYPL has gained 39.3% over this time frame, while the broader S&P 500 Index ($SPX) has rallied nearly 31.1%. In 2024, PYPL stock is up 27.2%, surpassing SPX’s 19.8% rise on a YTD basis.