PayPal Holdings (NASDAQ:PYPL) is the undisputed leader in online payments, but it is so much more than that. Its Venmo person-to-person payment platform has emerged as an industry leader and continues to increase its massive user base at a breathtaking pace. PayPal has also been acquiring complementary businesses, such as e-commerce tool Honey, and has invested in several other successful businesses, such as MercadoLibre (NASDAQ:MELI), Uber (NYSE:UBER), and more. With more than $1 billion in free cash flow generated every quarter, PayPal has the financial flexibility to pursue opportunities as they arise.
PayPal has 429 million active accounts in more than 200 countries around the world. Although user growth has slowed down a bit lately, PayPal is doing a great job of figuring out how to increase monetization of its user base. In a nutshell, this is a highly profitable industry leader, and there's no reason to believe that will change anytime soon.
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