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PayPal Holdings Inc. today posted better-than-expected fourth-quarter earnings, but reported payment volume growth that fell short of expectations, and its shares dropped 13% on the results.

PayPal’s quarterly results outperformed expectations, with adjusted earnings per share and revenue coming in above forecasts.

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PayPal (PYPL) stock plunged as the company reported a decline in payment transactions, despite earnings beating on both the ...

PayPal also announced a new $15 billion share buyback program, and expects to make around $6 billion in repurchases in 2025.