Square, Paypal stocks on investors’ radar ahead of Q2 earnings

July 27, 2021 04:44 AM AEST | By Team Kalkine Media
 Square, Paypal stocks on investors’ radar ahead of Q2 earnings
Image source: leungchopan,Shutterstock

Summary

  • Square, Inc.’s (NYSE:SQ) total revenue was US$5 billion in Q1, 2021.
  • PayPal Holdings, Inc.’s (Nasdaq:PYPL) market cap is US$361 billion.
  • Fintech companies use technology to provide financial services to clients.

Fintech stocks are companies that use technology to provide financial services. For example, they use software and digital algorithms to help customers manage their finances. Fintech firms have created consumer-oriented technologies for ease of transactions and to improve customer experience.

These companies have grown faster in recent times, owing to the increased popularity of online transactions. The increased use of smartphones and laptops also have contributed to their growth. Today, more and more people are opting for digital transactions over traditional methods like cash or cheques. Fintech companies charge consumers for financial services.

Here we explore two fintech stocks, Square and Paypal, on investors’ radar ahead of their Q2 earnings reports on Tuesday.

Source: Pixabay.

Also read: Top dividend paying financial stocks to consider

Square, Inc (NYSE:SQ)

Square, Inc. is a US-based company and provides digital payment services. It went public in 2015.

The stock of SQ traded at US$261.78 at 11.45 am ET on July 26, down by 0.82 percent over the closing price of July 23. Its stock value went on by 20.41 percent YTD.

The market capitalization of SQ is US$119 billion. The P/E ratio is 369.04 and the forward P/E one year is 538.78. Earnings per share (EPS) are US$0.71, and the beta is 2.41. The highest and lowest stock prices of SQ for the last 52 weeks are US$283.19 and US$117. The share volume is 3,174,066.

SQ's total revenue for Q1, 2021 is US$5 billion, and that was US$1.3 billion in the same period of 2020. Gross profit for Q1, 2021, was US$963.5 million, and for Q1, 2020, it was US$538.5 million. Operating income for the first quarter was US$67.7 million compared to US$90.3 million in the year-ago quarter.

PayPal Holdings, Inc. (Nasdaq:PYPL)

PayPal Holdings, Inc went public in 2002. The stock of PYPL traded at US$307.98 at 12.04 pm ET on July 26, down by 0.18 percent over the closing price of July 23. Its stock value went up by 31.47 percent YTD.

The market capitalization of PYPL is US$361 billion. The P/E ratio is 70.13 and the forward P/E one year is 87.90. Earnings per share (EPS) are US$4.39 and the beta 1.16. The highest and lowest stock prices of PYPL for the last 52 weeks are US$309.48 and US$169.08, respectively. The share volume is 1,693,046.
Also read: Mastercard (NYSE:MA) rides high on Verizon partnership, stock up 2%

The total revenue of PYPL for Q1, 2021 is US$6 billion and US$4.6 billion in the same period a year ago. Gross profit for Q1, 2021, and Q1, 2020, are US$2.9 billion and US$1.8 billion, respectively. Operating income was US$1 billion in Q1, 2021, and US$398 million in Q1, 2020.

Please note: The above constitutes a preliminary view, and any interest in stocks/cryptocurrencies should be evaluated further from an investment point of view.


Disclaimer

The content, including but not limited to any articles, news, quotes, information, data, text, reports, ratings, opinions, images, photos, graphics, graphs, charts, animations and video (Content) is a service of Kalkine Media Pty Ltd (Kalkine Media, we or us), ACN 629 651 672 and is available for personal and non-commercial use only. The principal purpose of the Content is to educate and inform. The Content does not contain or imply any recommendation or opinion intended to influence your financial decisions and must not be relied upon by you as such. Some of the Content on this website may be sponsored/non-sponsored, as applicable, but is NOT a solicitation or recommendation to buy, sell or hold the stocks of the company(s) or engage in any investment activity under discussion. Kalkine Media is neither licensed nor qualified to provide investment advice through this platform. Users should make their own enquiries about any investments and Kalkine Media strongly suggests the users to seek advice from a financial adviser, stockbroker or other professional (including taxation and legal advice), as necessary. Kalkine Media hereby disclaims any and all the liabilities to any user for any direct, indirect, implied, punitive, special, incidental or other consequential damages arising from any use of the Content on this website, which is provided without warranties. The views expressed in the Content by the guests, if any, are their own and do not necessarily represent the views or opinions of Kalkine Media. Some of the images/music that may be used on this website are copyright to their respective owner(s). Kalkine Media does not claim ownership of any of the pictures displayed/music used on this website unless stated otherwise. The images/music that may be used on this website are taken from various sources on the internet, including paid subscriptions or are believed to be in public domain. We have used reasonable efforts to accredit the source wherever it was indicated as or found to be necessary.


AU_advertise

Advertise your brand on Kalkine Media

Sponsored Articles


Investing Ideas

Previous Next
We use cookies to ensure that we give you the best experience on our website. If you continue to use this site we will assume that you are happy with it.