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Investing.com -- Shares of PayPal (NASDAQ:PYPL) Holdings, Inc. (NASDAQ: PYPL) climbed 2% following the company’s Investor Day announcements, which included a new unified merchant offering called PayPal Open, a strategic partnership with Verifone, and plans for international expansion of its Fastlane checkout service. The fintech giant also provided an optimistic medium-term growth outlook and reaffirmed its financial guidance for 2025.
The San Jose-based company hosted its Investor Day in New York City, where it outlined its strategic plans for the coming years. PayPal’s President and CEO, Alex Chriss, emphasized the company’s return to profitable growth in 2024 and its plans to consolidate to a single platform to better serve consumers and merchants. By 2027, PayPal expects high single-digit growth in transaction margin dollars excluding interest on customer balances and low teens+ growth in non-GAAP earnings per share.
PayPal’s new merchant platform, PayPal Open, aims to offer businesses a comprehensive suite of commerce tools within the PayPal ecosystem, as well as integration with external partners. The service is set to launch in the US and will expand to the UK and Germany in the next year, with more markets to follow.
In addition to PayPal Open, the company announced an expanded partnership with Verifone, which will combine Verifone’s in-person payment assets with PayPal’s payment processing and e-commerce capabilities to provide a flexible omnichannel payments acceptance solution for merchants.
Furthermore, PayPal is extending its strategic relationship with J.P. Morgan Payments to bring Fastlane, a guest checkout experience designed to accelerate checkout speeds, to merchant clients in the UK and Europe.
The company’s reaffirmed 2025 guidance includes at least 5% growth in transaction margin dollars excluding interest on customer balances and a 6-10% increase in non-GAAP earnings per share. PayPal’s longer-term ambition points to over 10% growth in transaction margin dollars and 20%+ growth in non-GAAP earnings per share.
PayPal’s announcements reflect its commitment to expanding its services and growing its market presence globally, signaling continued innovation and strategic partnerships in the fintech space.
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