PayPal Reports Third Quarter 2024 Results
PayPal (PYPL) reported strong Q3 2024 results with net revenues increasing 6% to $7.8 billion. Total payment volume grew 9% to $422.6 billion, while transaction margin dollars rose 8% to $3.7 billion. GAAP operating income increased 19% to $1.4 billion, with operating margin expanding 198 basis points to 17.7%. GAAP EPS increased 6% to $0.99, while non-GAAP EPS grew 22% to $1.20. Active accounts increased 0.9% to 432 million. The company returned $1.8 billion to stockholders through share repurchases and raised its full-year non-GAAP guidance.
PayPal (PYPL) ha riportato risultati solidi per il terzo trimestre del 2024, con ricavi netti in aumento del 6% a 7,8 miliardi di dollari. Il volume totale dei pagamenti è cresciuto del 9% a 422,6 miliardi di dollari, mentre i margini delle transazioni sono aumentati dell'8% a 3,7 miliardi di dollari. Il reddito operativo GAAP è aumentato del 19% a 1,4 miliardi di dollari, con un'espansione del margine operativo di 198 punti base al 17,7%. L'EPS GAAP è aumentato del 6% a 0,99 dollari, mentre l'EPS non-GAAP è cresciuto del 22% a 1,20 dollari. Il numero di account attivi è aumentato dello 0,9% a 432 milioni. L'azienda ha restituito 1,8 miliardi di dollari agli azionisti attraverso riacquisti di azioni e ha aumentato la sua previsione non-GAAP per l'intero anno.
PayPal (PYPL) reportó resultados sólidos en el tercer trimestre de 2024, con ingresos netos que aumentaron un 6% a 7.8 mil millones de dólares. El volumen total de pagos creció un 9% a 422.6 mil millones de dólares, mientras que los márgenes de transacción aumentaron un 8% a 3.7 mil millones de dólares. El ingreso operativo GAAP se incrementó un 19% a 1.4 mil millones de dólares, con un margen operativo que se expandió en 198 puntos básicos al 17.7%. El EPS GAAP aumentó un 6% a 0.99 dólares, mientras que el EPS no-GAAP creció un 22% a 1.20 dólares. Las cuentas activas aumentaron un 0.9% a 432 millones. La empresa devolvió 1.8 mil millones de dólares a los accionistas mediante recompra de acciones y elevó su guía no-GAAP para el año completo.
PayPal (PYPL)은 2024년 3분기에 강력한 실적을 발표하며, 순수익이 6% 증가하여 78억 달러에 달했습니다. 총 결제량은 9% 증가하여 4226억 달러에 도달했으며, 거래 마진 달러는 8% 증가하여 37억 달러에 도달했습니다. GAAP 운영 소득은 19% 증가하여 14억 달러에 달했고, 운영 마진은 198베이시스 포인트 증가하여 17.7%에 달했습니다. GAAP 주당순이익(EPS)은 6% 증가하여 0.99달러가 되었고, 비 GAAP EPS는 22% 증가하여 1.20달러에 도달했습니다. 활성 계정은 0.9% 증가하여 4억 3200만이 되었습니다. 회사는 주식 매입을 통해 주주에게 18억 달러를 반환했으며, 연간 비 GAAP 가이드를 상향 조정했습니다.
PayPal (PYPL) a annoncé de solides résultats pour le troisième trimestre de 2024, avec des revenus nets en hausse de 6 % à 7,8 milliards de dollars. Le volume total des paiements a augmenté de 9 % pour atteindre 422,6 milliards de dollars, tandis que les marges de transaction ont progressé de 8 % à 3,7 milliards de dollars. Le résultat d'exploitation GAAP a crû de 19 % pour s'élever à 1,4 milliard de dollars, avec une expansion de la marge opérationnelle de 198 points de base pour atteindre 17,7 %. Le BPA GAAP a augmenté de 6 % à 0,99 dollar, tandis que le BPA non-GAAP a grimpé de 22 % à 1,20 dollar. Le nombre de comptes actifs a augmenté de 0,9 % pour atteindre 432 millions. L'entreprise a restitué 1,8 milliard de dollars aux actionnaires par le biais de rachats d'actions et a relevé ses prévisions non-GAAP pour l'année complète.
PayPal (PYPL) hat im dritten Quartal 2024 starke Ergebnisse gemeldet, mit Nettoerlösen, die um 6% auf 7,8 Milliarden US-Dollar stiegen. Das gesamte Zahlungsvolumen wuchs um 9% auf 422,6 Milliarden US-Dollar, während die Transaktionsmargen um 8% auf 3,7 Milliarden US-Dollar anstiegen. Das GAAP-Betriebsergebnis erhöhte sich um 19% auf 1,4 Milliarden US-Dollar, und die Betriebsmarge erweiterte sich um 198 Basispunkte auf 17,7%. Der GAAP-EPS stieg um 6% auf 0,99 US-Dollar, während der Non-GAAP-EPS um 22% auf 1,20 US-Dollar wuchs. Die aktiven Konten nahmen um 0,9% auf 432 Millionen zu. Das Unternehmen gab 1,8 Milliarden US-Dollar über Aktienrückkäufe an die Aktionäre zurück und erhöhte seine non-GAAP-Prognose für das Gesamtjahr.
- Net revenues increased 6% to $7.8 billion
- Total payment volume grew 9% to $422.6 billion
- GAAP operating income increased 19% to $1.4 billion
- Operating margin expanded 198 basis points to 17.7%
- Non-GAAP EPS grew 22% to $1.20
- Returned $1.8 billion to stockholders through share repurchases
- Slowing active account growth at 0.9% YoY
- Adjusted free cash flow declined 19% YoY
- Q4 guidance indicates low single-digit revenue growth
- Projected low to mid-single-digit decrease in Q4 non-GAAP EPS
Insights
PayPal's Q3 2024 results demonstrate solid financial performance with notable improvements in key metrics. Revenue grew 6% to
Particularly impressive is the
However, slower active account growth of just
The payments landscape shows interesting dynamics in PayPal's results. The
The company's BNPL initiatives and strategic partnerships are important differentiators in a competitive market. The raised full-year guidance, particularly for non-GAAP EPS projecting high teens growth, reflects management's confidence in executing their transformation strategy despite macro uncertainties.
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 delivers strong third quarter results and full year guidance
PayPal Holdings, Inc. (NASDAQ: PYPL) today reported results for the third quarter ending September 30, 2024.
“PayPal delivered strong financial and operating results during a highly productive third quarter. We are making solid progress in our transformation as we bring new innovations to market, forge important partnerships with leading commerce players, and drive awareness and engagement through new marketing campaigns.
We are raising our full year non-GAAP guidance and are pleased with the strength we are seeing across the business. We’ve built a solid foundation in this last year that will serve us in the years to come.”
Alex Chriss
President and CEO
3Q'24 Financial Results
- Net revenues increased
6% to$7.8 billion ;6% currency-neutral (FXN). - Transaction margin dollars increased
8% to$3.7 billion . - GAAP operating income increased
19% to$1.4 billion ; non-GAAP1 operating income increased18% to$1.5 billion . - GAAP operating margin expanded 198 basis points to
17.7% ; non-GAAP operating margin expanded 194 basis points to18.8% . - GAAP EPS increased
6% to$0.99 ; non-GAAP EPS increased22% to$1.20 .
3Q'24 Operating Results
- Total payment volume increased
9% to$422.6 billion ;9% FXN. - Payment transactions increased
6% to 6.6 billion. - Payment transactions per active account on a trailing 12-month basis increased
9% to 61.4. - Active accounts increased
0.9% to 432 million. On a sequential basis, active accounts increased0.6% , or by 2.6 million.
Cash Flow
- Cash flow from operations of
$1.6 billion and free cash flow of$1.4 billion . - Adjusted free cash flow of
$1.5 billion , 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
$16.2 billion as of September 30, 2024. - Debt totaled
$12.4 billion as of September 30, 2024. - Returned
$1.8 billion to stockholders by repurchasing approximately 28 million shares of common stock.- On a trailing 12-month basis, returned
$5.4 billion to stockholders by repurchasing approximately 87 million shares of common stock.
- On a trailing 12-month basis, returned
3Q'24 Financial Results
Presented in millions, except per share data and percentages
| 3Q'24 | 3Q'23 | YoY Growth | FXN YoY Growth | |
|---|---|---|---|---|
| Total payment volume | ||||
| GAAP | ||||
| Net revenues | ||||
| Transaction margin dollars | ||||
| Operating income | ||||
| Operating margin | 198bps | |||
| Effective tax rate | 5.2pts | |||
| Net income (loss) | ( |
|||
| Earnings per diluted share | ||||
| Net cash provided by operating activities | ||||
| Non-GAAP | ||||
| Net revenues | ||||
| Transaction margin dollars | ||||
| Operating income | ||||
| Operating margin | 194bps | |||
| Effective tax rate | 4.5pts | |||
| Net income | ||||
| Earnings per diluted share | ||||
| Free cash flow | ||||
| Adjusted free cash flow | ( |
|||
Financial Guidance
Presented in millions, except per share data and percentages
| October 2024 Guidance | July 2024 Guidance | Prior year period | |
|---|---|---|---|
| 4Q'24 Revenue | Low single-digit growth Reflects impact of price-to-value strategy and prioritization of profitable growth |
N/A | |
| GAAP EPS | Implied: ~ |
||
| Non-GAAP EPS1 | Low to mid-single-digit decrease Reflects elevated marketing spend to support key initiatives and new products |
Implied: Mid-single-digit decrease2 | |
| FY'24 | |||
| GAAP EPS3 | |||
| Non-GAAP EPS | High teens growth | Low to mid-teens growth |
Please see "Non-GAAP Financial Measures" and "Non-GAAP Measures of Financial Performance" for reconciliations of non-GAAP financial measures to the most directly comparable GAAP financial measures and important additional information.
About PayPal
PayPal has been revolutionizing commerce globally for more than 25 years. The company creates 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-third-quarter-2024-results-302289931.html
SOURCE PayPal Holdings, Inc.
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