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PayPal Reports First Quarter 2024 Results

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PayPal Holdings, Inc. (NASDAQ: PYPL) released its first quarter 2024 results, reporting a 9% increase in revenue to $7.7 billion, with a 10% increase on a currency-neutral basis. The company saw an 18% increase in GAAP EPS to $0.83 and a 27% increase in non-GAAP EPS to $1.08. PayPal also reported growth in total payment volume, payment transactions, and active accounts. The company returned $1.5 billion to stockholders through share repurchases.

PayPal Holdings, Inc. (NASDAQ: PYPL) ha pubblicato i risultati del primo trimestre del 2024, annunciando un aumento del 9% nel fatturato, raggiungendo i 7,7 miliardi di dollari, con un incremento del 10% su base valutaria neutra. La società ha registrato un aumento del 18% nell'EPS GAAP, che si attesta a $0,83, e del 27% nell'EPS non GAAP, che raggiunge $1,08. PayPal ha inoltre riportato una crescita nel volume totale dei pagamenti, nelle transazioni di pagamento e nei conti attivi. L'azienda ha restituito 1,5 miliardi di dollari agli azionisti tramite il riacquisto di azioni.
PayPal Holdings, Inc. (NASDAQ: PYPL) ha publicado los resultados del primer trimestre de 2024, reportando un aumento del 9% en los ingresos, alcanzando los $7,7 mil millones, con un aumento del 10% en términos de moneda neutral. La empresa experimentó un incremento del 18% en el EPS GAAP, que fue de $0,83, y un 27% en el EPS no GAAP, que llegó a $1,08. PayPal también informó sobre un crecimiento en el volumen total de pagos, transacciones de pago y cuentas activas. La compañía devolvió $1,5 mil millones a los accionistas mediante la recompra de acciones.
PayPal Holdings, Inc. (NASDAQ: PYPL)는 2024년 1분기 실적을 발표하여 매출이 9% 증가하여 77억 달러를 기록했고, 통화 중립 기준으로는 10% 증가했습니다. 회사의 GAAP 기준 주당순이익(EPS)은 18% 증가한 0.83달러였고, 비GAAP 기준 EPS는 27% 증가한 1.08달러를 기록했습니다. PayPal은 총 결제량, 결제 거래 및 활성 계정에서도 성장을 보고했습니다. 회사는 주식 매입을 통해 주주들에게 15억 달러를 반환했습니다.
PayPal Holdings, Inc. (NASDAQ: PYPL) a publié ses résultats pour le premier trimestre 2024, enregistrant une hausse de 9% de son chiffre d'affaires à 7,7 milliards de dollars, avec une augmentation de 10% sur une base neutre en devises. La société a constaté une augmentation de 18% de son BPA GAAP à 0,83 $ et de 27% de son BPA non-GAAP à 1,08 $. PayPal a également rapporté une croissance du volume total des paiements, des transactions de paiement et des comptes actifs. L'entreprise a retourné 1,5 milliard de dollars aux actionnaires par le biais de rachats d'actions.
PayPal Holdings, Inc. (NASDAQ: PYPL) hat die Ergebnisse für das erste Quartal 2024 bekannt gegeben und verzeichnete dabei einen Umsatzanstieg um 9% auf 7,7 Milliarden Dollar, mit einem währungsneutralen Anstieg von 10%. Das Unternehmen meldete ein Wachstum von 18% beim GAAP EPS auf $0,83 und eine Steigerung von 27% beim nicht-GAAP EPS auf $1,08. PayPal berichtete ebenso über Wachstum beim gesamten Zahlungsvolumen, den Zahlungstransaktionen und den aktiven Konten. Das Unternehmen gab 1,5 Milliarden Dollar durch Aktienrückkäufe an die Aktionäre zurück.
Positive

  • 9% increase in revenue to $7.7 billion, with a 10% increase on a currency-neutral basis

  • 18% increase in GAAP EPS to $0.83

  • 27% increase in non-GAAP EPS to $1.08

  • 14% increase in total payment volume to $403.9 billion

  • 11% increase in payment transactions to 6.5 billion

  • 1% increase in active accounts sequentially

  • Cash flow from operations of $1.9 billion and free cash flow of $1.8 billion

  • Returned $1.5 billion to stockholders through share repurchases

Negative

  • Active accounts decreased 1% to 427 million

  • Adjusted free cash flow of $1.9 billion excludes certain impacts

  • Debt totaled $11.0 billion as of March 31, 2024

Insights

PayPal's reported increase in Q1'24 revenue by 9% and 10% on a currency-neutral basis is significant for identifying trends in consumer behavior and the payment processing industry. A 27% increase in non-GAAP EPS indicates operational efficiency and a stronger profitability model, especially considering the integration of stock-based compensation into the non-GAAP calculations. The company's stock repurchase of $1.5 billion, representing approximately 25 million shares, also signals confidence in future performance and a commitment to returning value to shareholders.

PayPal’s expansion of the GAAP operating margin by 98 basis points to 15.2% and non-GAAP operating margin by 84 basis points to 18.2% suggests an effective cost management strategy. The 14% increase in total payment volume is reflective of PayPal's growing market penetration. However, active accounts showing only a marginal increase on a sequential basis could be a point of concern and warrants monitoring to assess user engagement and possible market saturation.

Investors will appreciate the emphasis on free cash flow, with PayPal reporting $1.9 billion in adjusted free cash flow for Q1'24. This metric is vital for assessing the company's liquidity and financial health. Moreover, PayPal's guidance for Q2'24 and FY'24, with expected non-GAAP EPS growth in low double-digit and mid to high single-digit percentages respectively, despite an anticipated decrease in GAAP EPS compared to the prior year, reflects strategic optimism balanced with cautionary awareness of market conditions.

SAN JOSE, Calif., April 30, 2024 /PRNewswire/ -- PayPal Holdings, Inc. (NASDAQ: PYPL) today announced its first quarter 2024 results for the period ended March 31, 2024. The earnings release and related materials discussing these results can be found on PayPal's investor relations website at https://investor.pypl.com/financials/quarterly-results/default.aspx.

PayPal Holdings, Inc. will host a conference call to discuss these results at 5:30 a.m. Pacific time (8:30 a.m. Eastern time) today. A live webcast of the conference call will be available at https://investor.pypl.com. In addition, an archive of the webcast will be accessible for 90 days through the same link.

About PayPal

PayPal has been revolutionizing commerce globally for more than 25 years. Creating innovative experiences that make moving money, selling, and shopping simple, personalized, and secure, PayPal empowers consumers and businesses in approximately 200 markets to join and thrive in the global economy.

Investor Relations Contact
investorrelations@paypal.com 

Media Relations Contact
mediarelations@paypal.com

Cision View original content:https://www.prnewswire.com/news-releases/paypal-reports-first-quarter-2024-results-302131537.html

SOURCE PayPal Holdings, Inc.

FAQ

What was PayPal's Q1'24 revenue?

PayPal's Q1'24 revenue increased 9% to $7.7 billion.

What was the increase in GAAP EPS for Q1'24?

The GAAP EPS for Q1'24 increased by 18% to $0.83.

How many payment transactions were recorded in Q1'24?

Q1'24 saw an 11% increase in payment transactions to 6.5 billion.

What was the total payment volume in Q1'24?

The total payment volume in Q1'24 increased by 14% to $403.9 billion.

What was the balance of cash and investments as of March 31, 2024?

As of March 31, 2024, cash, cash equivalents, and investments totaled $17.7 billion.

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PayPal Holdings, Inc.

NASDAQ:PYPL

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