PayPal (PYPL) Experienced Transaction Margin Compression & Unfavorable Transaction Volumes

PayPal's (PYPL) earnings were released yesterday, postmarket. Its adjusted EPS came in at $1.16 versus an estimated $1.16 and revenue came in at $7.29B versus an estimated $7.26B. Moshe Katri and Sandra Cho discuss what the future holds for PYPL. Sandra notes that PYPL posted better total payment volume for the period but missed on operating margin. She also mentions that weakening consumer spending and economic slowdown could put pressure on profit. They go over where PYPL stands in the digital payment marketplace. Dan Shulman is leaving as PYPL CEO at the end of 2023. Moshe mentions how PYPL experienced transaction margin compression in 2Q in addition to unfavorable transaction volumes. Moshe and Sandra then evaluate other financial services providers. Tune in to find out more about the stock market today.