PayPal Reports Fourth Quarter and Full Year 2024 Results
PayPal (PYPL) reported Q4 and full-year 2024 results, showing mixed performance. Q4 net revenues increased 4% to $8.4 billion, while total payment volume grew 7% to $437.8 billion. The company's Q4 GAAP operating income decreased 17% to $1.4 billion, with GAAP EPS declining 15% to $1.11.
For full-year 2024, net revenues rose 7% to $31.8 billion, with total payment volume reaching $1.68 trillion. Active accounts increased by 8.8 million to 434 million. The company generated $6.8 billion in free cash flow for 2024 and returned $6.0 billion to stockholders through share repurchases.
Notably, PayPal's Board authorized a new $15 billion stock repurchase program, in addition to the $4.86 billion remaining from its June 2022 program.
PayPal (PYPL) ha riportato i risultati del quarto trimestre e dell'intero anno 2024, mostrando prestazioni miste. Le entrate nette del Q4 sono aumentate del 4% a $8,4 miliardi, mentre il volume totale dei pagamenti è cresciuto del 7% a $437,8 miliardi. Il reddito operativo GAAP del Q4 è diminuito del 17% a $1,4 miliardi, con un EPS GAAP in calo del 15% a $1,11.
Per l'intero anno 2024, le entrate nette sono aumentate del 7% a $31,8 miliardi, con un volume totale dei pagamenti che ha raggiunto $1,68 trilioni. Gli account attivi sono aumentati di 8,8 milioni, arrivando a 434 milioni. L'azienda ha generato $6,8 miliardi in flusso di cassa libero per il 2024 e ha restituito $6,0 miliardi agli azionisti tramite riacquisti di azioni.
Viene notato che il Consiglio di PayPal ha autorizzato un nuovo programma di riacquisto di azioni da $15 miliardi, in aggiunta ai $4,86 miliardi rimanenti dal programma di giugnio 2022.
PayPal (PYPL) reportó los resultados del cuarto trimestre y del año completo 2024, mostrando un rendimiento mixto. Los ingresos netos del cuarto trimestre aumentaron un 4% a $8.4 mil millones, mientras que el volumen total de pagos creció un 7% a $437.8 mil millones. La renta operativa GAAP del cuarto trimestre disminuyó un 17% a $1.4 mil millones, con un EPS GAAP en caída del 15% a $1.11.
Para el año completo 2024, los ingresos netos aumentaron un 7% a $31.8 mil millones, con un volumen total de pagos que alcanzó $1.68 billones. Las cuentas activas aumentaron en 8.8 millones a 434 millones. La empresa generó $6.8 mil millones en flujo de caja libre para 2024 y devolvió $6.0 mil millones a los accionistas a través de recompras de acciones.
Cabe destacar que la Junta de PayPal autorizó un nuevo programa de recompra de acciones por $15 mil millones, además de los $4.86 mil millones que quedaban de su programa de junio de 2022.
페이팔 (PYPL)은 2024년 4분기 및 연간 실적을 발표했으며, 혼합된 성과를 보였습니다. 4분기 순수익은 4% 증가하여 $84억, 총 결제액은 7% 증가하여 $4378억에 도달했습니다. 회사의 4분기 GAAP 운영 수익은 17% 감소하여 $14억에 달했고, GAAP EPS는 15% 감소하여 $1.11로 떨어졌습니다.
2024년 전체 연도에 대해 순수익은 7% 증가하여 $318억이 되었으며, 총 결제액은 $1.68조에 도달했습니다. 활성 계정 수는 880만 개 증가하여 4억 3400만 개에 이르렀습니다. 회사는 2024년에 $68억의 자유 현금 흐름을 생성하고 주주들에게 $60억을 주식 재매입을 통해 반환했습니다.
특히 페이팔 이사회는 2022년 6월 프로그램의 잔여액인 $48억 6000만을 추가하여 $150억 주식 재매입 프로그램을 새롭게 승인했습니다.
PayPal (PYPL) a publié les résultats du quatrième trimestre et de l'année 2024, montrant une performance mitigée. Les revenus nets du Q4 ont augmenté de 4% pour atteindre $8,4 milliards, tandis que le volume total des paiements a crû de 7% pour atteindre $437,8 milliards. Le résultat opérationnel GAAP du Q4 a diminué de 17% pour s'établir à $1,4 milliard, avec un bénéfice par action GAAP en baisse de 15% à $1,11.
Pour l'année complète 2024, les revenus nets ont augmenté de 7% pour atteindre $31,8 milliards, le volume total des paiements ayant atteint $1,68 trillion. Les comptes actifs ont augmenté de 8,8 millions pour atteindre 434 millions. L'entreprise a généré $6,8 milliards de flux de trésorerie libre pour 2024 et a retourné $6,0 milliards aux actionnaires par le biais de rachats d'actions.
À noter, le Conseil de PayPal a autorisé un nouveau programme de rachat d'actions de $15 milliards, en plus des $4,86 milliards restants de son programme de juin 2022.
PayPal (PYPL) hat die Ergebnisse für das 4. Quartal und das gesamte Jahr 2024 veröffentlicht, was gemischte Leistungen zeigt. Die Nettoumsätze im Q4 stiegen um 4% auf $8,4 Milliarden, während das gesamte Zahlungsvolumen um 7% auf $437,8 Milliarden wuchs. Das GAAP-Betriebsergebnis des Unternehmens im Q4 sank um 17% auf $1,4 Milliarden, während der GAAP EPS um 15% auf $1,11 fiel.
Für das gesamte Jahr 2024 stiegen die Nettoumsätze um 7% auf $31,8 Milliarden, während das gesamte Zahlungsvolumen $1,68 Billionen erreichte. Die aktiven Konten erhöhten sich um 8,8 Millionen auf 434 Millionen. Das Unternehmen erzielte 2024 einen freien Cashflow von $6,8 Milliarden und gab $6,0 Milliarden an die Aktionäre durch Aktienrückkäufe zurück.
Es ist erwähnenswert, dass der Vorstand von PayPal ein neues $15 Milliarden Aktienrückkaufprogramm genehmigt hat, zusätzlich zu den verbleibenden $4,86 Milliarden aus seinem Programm vom Juni 2022.
- Net revenues increased 7% to $31.8 billion for FY2024
- Total Payment Volume grew 10% to $1.68 trillion in FY2024
- Active accounts increased by 8.8 million to 434 million
- New $15 billion share repurchase authorization announced
- Generated $6.8 billion in free cash flow for FY2024
- Q4 GAAP operating income decreased 17% to $1.4 billion
- Q4 GAAP operating margin contracted 431 basis points to 17.2%
- Q4 GAAP EPS decreased 15% to $1.11
- Q4 payment transactions decreased 3% to 6.6 billion
Insights
PayPal's Q4 and FY2024 performance reveals a complex picture of transformation amid competitive pressures. The 4% Q4 revenue growth and 7% full-year growth reflect decelerating momentum in the payments space. Several key metrics warrant attention:
User engagement metrics show concerning trends - while active accounts grew 2.1% to 434 million, the sequential quarterly growth of just 0.6% suggests user acquisition challenges. The 3% decline in payment transactions despite higher TPV indicates larger but fewer transactions, potentially signaling market share pressure in everyday payments.
The margin story is nuanced - transaction margin dollars increased 7% to $3.9 billion in Q4, but GAAP operating margin contracted 431 basis points to 17.2%. This divergence suggests increased costs of customer acquisition and retention in a competitive landscape.
The company's robust balance sheet position with $15.4 billion in cash and investments, coupled with strong free cash flow of $6.8 billion for FY2024, provides significant operational flexibility. The new $15 billion share repurchase authorization, combined with $4.86 billion remaining from the previous program, represents nearly 23% of current market cap - an aggressive capital return strategy that may indicate organic growth opportunities.
Looking ahead, PayPal's focus on branded checkout, peer-to-peer services and Venmo optimization suggests a strategic pivot toward core strengths. However, the modest growth rates and user metrics indicate the company faces significant challenges in maintaining market leadership amid intensifying competition from both traditional players and fintech innovators.
PayPal Holdings, Inc. will host a conference call to discuss these results at 5:00 a.m. Pacific time (8:00 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.
PayPal Reports Fourth Quarter and Full Year 2024 Results
PayPal delivered solid fourth quarter and 2024 results; begins 2025 with strong foundation for continued transformation and new
SAN JOSE, Calif., (February 4, 2025) – PayPal Holdings, Inc. (NASDAQ: PYPL) today reported results for the fourth quarter and full year ending December 31, 2024.
“PayPal had a strong finish to a successful 2024 with results that were better than we expected. We set out at the beginning of 2024 to narrow our focus, improve execution, and reposition the business. One year later, I’m proud that we’ve laid a strong foundation for long-term, profitable growth across the company’s most important areas. The improvements we made to branded checkout, peer-to-peer, and Venmo, plus the progress we made on our price-to-value strategy, are beginning to show up in our results.
The strong momentum we’ve created sets us up well for 2025, which is about scaling adoption. I’m excited to share more at our Investor Day later this month.”
Alex Chriss
President and CEO
4Q'24 Financial Results
- Net revenues increased
4% to$8.4 billion ;4% currency-neutral (“FXN”). - Transaction margin dollars increased
7% to$3.9 billion . - GAAP operating income decreased
17% to$1.4 billion ; non-GAAP operating income increased2% to$1.5 billion . - GAAP operating margin contracted 431 basis points to
17.2% ; non-GAAP operating margin contracted 34 basis points to18.0% . - GAAP EPS decreased
15% to$1.11 ; non-GAAP EPS increased5% to$1.19 .
FY'24 Financial Results
- Net revenues increased
7% to$31.8 billion ;7% FXN. - Transaction margin dollars increased
7% to$14.7 billion . - GAAP operating income increased
6% to$5.3 billion ; non-GAAP operating income increased14% to$5.8 billion . - GAAP operating margin contracted 14 basis points to
16.7% ; non-GAAP operating margin expanded 116 basis points to18.4% . - GAAP EPS increased
4% to$3.99 ; non-GAAP EPS increased21% to$4.65 .
4Q'24 & FY'24 Operating Results
- 4Q'24 total payment volume (“TPV”) increased
7% (7% FXN) to$437.8 billion ; FY'24 TPV increased10% (10% FXN) to$1.68 trillion . - 4Q'24 payment transactions decreased
3% to 6.6 billion; FY'24 payment transactions increased5% to 26.3 billion. - Payment transactions per active account on a trailing 12-month basis increased
3% to 60.6. - Active accounts increased
2.1% , or by 8.8 million, to 434 million. In 4Q'24, active accounts increased sequentially by0.6% , or by 2.6 million.
Notes:
- “Non-GAAP Measures of Financial Performance” and subsequent tables at the end of this press release provide reconciliations of non-GAAP financial measures to the most directly comparable GAAP financial measures.
- 4Q'24 GAAP EPS includes ~
$0.04 negative impact from PayPal’s strategic investment portfolio. 4Q'23 GAAP EPS includes ~$0.01 negative impact from PayPal’s strategic investment portfolio and ~$0.25 positive impact from the gain on sale of Happy Returns. - FY'24 GAAP EPS includes ~
$0.23 negative impact from PayPal’s strategic investment portfolio. FY'23 GAAP EPS includes ~$0.14 positive impact from PayPal’s strategic investment portfolio and ~$0.24 positive impact from the gain on sale of Happy Returns.
Cash Flow
- 4Q'24 cash flow from operations of
$2.4 billion and free cash flow of$2.2 billion ; FY'24 cash flow from operations of$7.5 billion and free cash flow of$6.8 billion . - Adjusted free cash flow of
$2.1 billion in 4Q'24 and$6.6 billion in FY'24, which excludes the net timing impact between originating European buy now, pay later ("BNPL") receivables as held for sale and the subsequent sale of these receivables.
Balance Sheet and Liquidity
- Cash, cash equivalents, and investments totaled
$15.4 billion as of December 31, 2024. - Debt totaled
$11.1 billion as of December 31, 2024. - Returned
$1.2 billion to stockholders by repurchasing approximately 15 million shares of common stock in 4Q'24. - For full year 2024, returned
$6.0 billion to stockholders by repurchasing approximately 92 million shares of common stock. - Announced today that PayPal’s Board of Directors has authorized a new
$15 billion stock repurchase program. This new repurchase authorization is in addition to the Company’s June 2022 stock repurchase program, which had$4.86 billion remaining authorization as of December 31, 2024.
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. For more information, visit https://www.paypal.com, https://about.pypl.com/ and https://investor.pypl.com/.
Investor Relations Contact
investorrelations@paypal.com
Media Relations Contact
mediarelations@paypal.com
View original content:https://www.prnewswire.com/news-releases/paypal-reports-fourth-quarter-and-full-year-2024-results-302367417.html
SOURCE PayPal Holdings, Inc.
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