Report
Jim Sinegal
EUR 98.48 For Business Accounts Only

PayPal is Slowly Growing its Mobile Ecosystem

Narrow moat PayPal continued to achieve strong revenue growth in the first quarter of 17% excluding a 2% negative impact from currency fluctuations. Total payment volume processed and transactions each grew 23%, and the firm’s network grew to 203 million active account holders and 16 million merchants. Excluding the impact of a $40 million restructuring charge, non-GAAP operating margin expanded from 21.1% a year ago to 21.6% in the most recent quarter. We plan to maintain our $51 fair value est...
Underlying
PayPal Holdings Inc

PayPal Holdings is a technology platform and digital payments company that enables digital and mobile payments on behalf of consumers and merchants worldwide. The company's combined payment solutions include its PayPal, PayPal Credit, Braintree, Venmo, Xoom and iZettle products and services. PayPal's payment solutions enable the company's customers to send and receive payments. PayPal helps merchants and consumers connect, transact, and complete payments, whether they are online, on a mobile device, in an app, or in person. The company provides proprietary payment solutions accepted by merchants that enable the completion of payments on the company's Payments Platform on behalf of its customers.

Provider
Morningstar
Morningstar

Morningstar, Inc. is a leading provider of independent investment research in North America, Europe, Australia, and Asia. The company offer an extensive line of products and services for individual investors, financial advisors, asset managers, and retirement plan providers and sponsors.

Morningstar provides data on approximately 530,000 investment offerings, including stocks, mutual funds, and similar vehicles, along with real-time global market data on more than 18 million equities, indexes, futures, options, commodities, and precious metals, in addition to foreign exchange and Treasury markets. Morningstar also offers investment management services through its investment advisory subsidiaries and had approximately $185 billion in assets under advisement and management as of June 30, 2016.

We have operations in 27 countries.

Analysts
Jim Sinegal

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