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PayPal (NASDAQ: PYPL) reported 436 million active accounts and handled $1.7 trillion in total payment volume during Q1 2023, with an operating margin of 19.6%. Despite being down 77% from its peak in July 2021, the company expects to generate $6 billion to $7 billion in free cash flow this year.
SoFi Technologies (NASDAQ: SOFI) added 800,000 net new customers in Q1 2023, bringing its total to 10.9 million, and achieved a 20% year-over-year revenue increase. The company reported a diluted earnings per share (EPS) of $0.06 for Q1, marking six consecutive quarters of profitability.
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5 Stocks Our Experts Predict Could Double In the Next Year
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