Shares of PayPal (NASDAQ: PYPL) climbed 7% on Thursday, following the release of the digital payment leader's excellent fourth-quarter results.
PayPal added 16 million net new active accounts during the quarter, bringing its total customer count to 377 million. This rapid increase in active users helped to fuel a 39% year-over-year surge in total payment volume, to $277 billion, and a 23% jump in revenue, to $6.1 billion.
Investors cheered PayPal's strong fourth-quarter performance. Image source: Getty Images.
Source Fool.com