Paypal's Q2 net revenue increased by 8% year-over-year, and the stock price rose by up to 6% in pre-market trading.
On July 30th, according to market news, PayPal's pre-market stock price rose as much as 6%. The company's financial results for the second quarter of fiscal year 2024 showed that PayPal's net revenue grew 8% year-over-year to $7.9 billion, and transaction profit increased 8% to $3.6 billion.
As of June 30, 2024, PayPal's total cash, cash equivalents, and investments amounted to $18.3 billion, and its total debt stood at $12.2 billion.
