CompetitionShares have been pressured by investor concerns around market share losses, an aggressive pricing environment in unbranded processing, and slowing e-commerce growth.
EarningsRate cuts will hit gross profit growth in '25 as OVAS contribution is expected to negatively swing.
Product PerformanceVenmo's pace of merchant adds had slowed in 2Q, to just 4 net new merchants, compared to 9 in 1Q24 and 10 in 4Q23.