There Are 323 Billion Reasons to Like PayPal Stock

When PayPal (NASDAQ: PYPL) reported its first-quarter financial results on April 27, one important number stood out: The electronic-payments giant processed a whopping $323 billion in total payment volume (TPV) during the quarter, up 13% year over year. 

While revenue and user growth for this top fintech company have slowed from the pandemic-fueled pace of the past few years, that TPV figure is still a gargantuan amount. And it underscores the increasing importance of PayPal in the world of e-commerce and digital payments. 

Image source: Getty Images.

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Source Fool.com