CompetitionVenmo's pace of merchant adds had slowed in 2Q, to just 4 net new merchants, compared to 9 in 1Q24 and 10 in 4Q23.
Gross MarginsEconomics from Amazon would likely be margin dilutive for PayPal, and this is especially challenging given the investor scrutiny on gross margin trajectory.
Market ShareShares have been pressured by investor concerns around market share losses, an aggressive pricing environment in unbranded processing, and slowing e-commerce growth.