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Why PayPal Stock Dropped Today

TheMotleyFool

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Shares of PayPal Holdings (NASDAQ: PYPL) fell 6.2% on Thursday, following the release of the digital payment giant's second-quarter results.

PayPal's net revenue jumped 19% year over year to $6.2 billion, fueled by an 11.4 million increase in active accounts and a 40% surge in total payment volume (TPV). Adjusted earnings per share, however, rose only 8%, due in part to a 1.7 percentage point decline in its operating margin.

Investors sold off PayPal's shares on Thursday. Image source: Getty Images.

Source Fool.com

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