2024

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<p class="has-drop-cap">PayPal Holdings, Inc. (NASDAQ: PYPL) reported robust <a href="https://s201.q4cdn.com/231198771/files/doc_financials/2024/q2/PYPL-2Q-24-Earnings-Release.pdf" target="_blank" aria-label=" (opens in a new tab)" rel="noopener noreferrer nofollow" class="deco-link">financial results for the second quarter</a> ending June 30, 2024. The company posted an 8% increase in net revenues, reaching $7.9 billion, with a currency-neutral growth of 9%. <br><br>The transaction margin dollars also saw an 8% rise, amounting to $3.6 billion. GAAP operating income surged 17% to $1.3 billion, and non-GAAP operating income increased 24% to $1.5 billion. The GAAP operating margin expanded by 126 basis points to 16.8%, while the non-GAAP operating margin grew by 231 basis points to 18.5%.</p>
<p>The company’s <a href="https://tokenist.com/investing/how-to-value-a-stock/" rel="noopener noreferrer nofollow" class="deco-link">earnings per share (EPS)</a> also showed significant growth. GAAP EPS increased 17% to $1.08, and non-GAAP EPS saw a 36% rise to $1.19. Total payment volume (TPV) for the quarter was $416.8 billion, reflecting an 11% increase. <br><br>Payment transactions grew by 8% to 6.6 billion, and payment transactions per active account on a trailing 12-month basis increased by 11% to 60.9. Despite a slight decrease in active accounts by 0.4% to 429 million, there was a sequential increase of 0.4%, or 1.8 million active accounts.</p>
<p>In terms of cash flow, PayPal generated $1.5 billion from operations and $1.4 billion in free cash flow. Adjusted free cash flow stood at $1.1 billion, excluding the net timing impact between originating European buy now, pay later (BNPL) receivables as held for sale and the subsequent sale of these receivables. <br><br>The company also <a href="https://tokenist.com/investing/what-is-a-stock-buyback/" rel="noopener noreferrer nofollow" class="deco-link">returned $1.5 billion to stockholders</a> by repurchasing approximately 24 million shares of common stock.</p>
<h3 id="paypal-beats-q2-revenue-and-eps-expectations-reports-17-increase-in-gaap-operating-income">PayPal Beats Q2 Revenue and EPS Expectations, Reports 17% Increase in GAAP Operating Income</h3>
<p>When comparing PayPal’s current performance against market expectations, the company outperformed on several fronts. Analysts had anticipated an EPS of $0.98 and revenue of $7.82 billion for the quarter. PayPal exceeded these expectations by delivering a GAAP EPS of $1.08 and non-GAAP EPS of $1.19, significantly higher than the forecasted $0.98. <br><br>The actual revenue of $7.9 billion also surpassed the expected $7.82 billion, marking a notable achievement for the company.</p>
<p>The company’s operating income and margins also outpaced expectations. GAAP operating income increased by 17% to $1.3 billion, while non-GAAP operating income saw a 24% rise to $1.5 billion. The GAAP operating margin expanded by 126 basis points to 16.8%, and the non-GAAP operating margin grew by 231 basis points to 18.5%.</p>
<p>Furthermore, the total payment volume (TPV) of $416.8 billion and the 11% increase in payment transactions per active account underscore the company’s strong performance. Despite a slight decrease in active accounts, the sequential increase of 0.4% suggests that PayPal is successfully retaining and growing its user base, which is crucial for sustaining long-term growth.</p>
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<h3 id="paypal-raises-guidance-for-full-year-2024">PayPal Raises Guidance for Full Year 2024</h3>
<p>PayPal has raised its full-year guidance, reflecting the company’s strong performance and positive outlook. For the third quarter of 2024, PayPal expects revenue growth in the mid-single-digit range. The GAAP EPS is projected to be between $0.96 and $0.98, and non-GAAP EPS growth is anticipated to be in the high single-digit range.</p>
<p>For the full year 2024, PayPal has revised its GAAP EPS guidance to a range of $3.88 to $3.98, up from the previous estimate of approximately $3.65. The non-GAAP EPS growth is now expected to be in the low to mid-teens, compared to the previous guidance of mid- to high-single digits. This upward revision in guidance demonstrates PayPal’s confidence in its business model and growth strategy.</p>
<p>The company also plans to increase its share repurchases, further indicating its strong financial position and commitment to returning value to shareholders. With a robust balance sheet and a positive outlook for the remainder of the year, PayPal is well-positioned to capitalize on growth opportunities and continue delivering strong financial performance.</p> <iframe src="https://tokenist.substack.com/embed" width="100%" height="320" style="border:1px solid #EEE; background:white;" frameborder="0" scrolling="no"></iframe>
<p><em>Disclaimer: The author does not hold or have a position in any securities discussed in the article.</em></p>
<h3 id="br"><br></h3>
<p>The post <a rel="noopener noreferrer nofollow" href="https://tokenist.com/paypals-pypl-q2-revenue-soars-to-7-9-b-beating-expectations/">PayPal’s (PYPL) Q2 Revenue Soars to $7.9 B, Beating Expectations</a> appeared first on <a rel="noopener noreferrer nofollow" href="https://tokenist.com">Tokenist</a>.</p>

PayPal’s (PYPL) Q2 Revenue Soars to $7.9 B, Beating Expectations

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