Paypal's stock price rose 8.4%, marking the largest increase since November 2022.
The U.S. stock market opened, with the Dow Jones Industrial Average rising 0.35%, the S&P 500 index rising 0.3%, and the Nasdaq rising 0.28%. PayPal's stock price rose 8.4%, marking its largest increase since November 2022. PayPal previously announced its financial results for the second quarter of fiscal year 2024, showing that its net revenue grew 8% year-over-year to $7.9 billion, and its transaction profit margin grew 8% to $3.6 billion. As of June 30, 2024, PayPal had a total of $18.3 billion in cash, cash equivalents, and investments, and a total debt of $12.2 billion.
