PayPal's Increasing Scale Lifts Second-Quarter Results

PayPal's Increasing Scale Lifts Second-Quarter Results

The payment-transactions ship known as PayPal Holdings Inc. (NASDAQ: PYPL) sailed full steam ahead during the second quarter, maintaining its brisk start to the year, and providing management the opportunity to revise earnings guidance upward for the remainder of 2017. Before diving into details, let's review headline numbers directly below:

Data source: PayPal Holdings Inc.

Total payment volume (TPV), which represents the total dollar volume of transactions PayPal facilitates, and is perhaps the company's most closely watched metric, rose 23% to $106.4 billion versus the prior-year quarter.

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Source: Fool.com