PayPal Holdings (NASDAQ: PYPL) is the original fintech company, with a robust digital payments system and merchant services. However, it was slow to innovate and seemed to be losing ground to competitors over the past few years.

Shares of financial technology company PayPal (NASDAQ: PYPL) were up 39% in 2024, according to data provided by S&P Global Market Intelligence, compared to just a 23.3% return for the S&P 500. The reality is that PayPal stock underperformed the S&P 500 for three straight years,

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During the three-month period that ended Sept. 30, 2024, PayPal handled a whopping $423 billion in total payment volume. That figure was up 9% year over year and 136% higher than in the third quarter (Q3) of 2019. What's more, revenue in the past five years has climbed at a 12.4% annualized clip. PayPal is clearly still growing nicely.