's (NASDAQ: PYPL) stock has declined about 80% during the past three years. The digital payments leader lost its luster as its pandemic-driven growth spurt ended and it faced tougher macro and competitive headwinds. Dan Schulman, who had led the company since its spin-off from eBay in 2015, also retired last September and was succeeded by Intuit Executive Vice President Alex Chriss.

Under Chriss, PayPal has been expanding its ecosystem with new services while carefully controlling spending. That's a tough balancing act to pull off, and the bulls don't seem too eager to rush back. However, PayPal's second-quarter report on July 30 exceeded analysts' expectations on the top and bottom lines and suggested its business was gradually stabilizing. Let's dig into those numbers and review the main reasons for buying, selling, or holding this out-of-favor fintech stock.

Image source: PayPal.

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Source Fool.com