February 24, 2024
London, UK

PayPal (PYPL) Q3 Earnings Report


PayPal reported solid third-quarter earnings and revenue figures. Earnings and revenue figures came above Wall Street expectations.

Here are the key figures from the PayPal earnings report:

The company announced that Net revenues came up to $6.85 billion, growing 11% and 12% on an FX-neutral basis. Analysts’ expectations were for revenue of $6.81 billion.

The GAAP EPS came at $1.15 compared to $0.92 in the third quarter of 2021, and the non-GAAP EPS of $1.08 compared to $1.11 in the same quarter of the previous year. Wall Street forecasts were for $0.96 per share.

The Operating cash flow rose almost 29% to $1.9 billion, and free cash flow increased by 37% to $1.8 billion,

Total Payment Volume (TPV) rose by 9% and 14% FXN to $337.0 billion below the forecasts of $343.25 billion

Total Payment Volume (TPV) excluding eBay grew 10% on a spot basis and 15% FXN, representing 98% of TPV

Venmo processed $63.6 billion in Total Payment Volume (TPV), growing 6%, on top of 36% growth in the third quarter of 2021

2.9 million NNAs added, with total active accounts of 432 million, up 4%

Payment transactions, increased by 15% to 5.6 billion

50.1 payment transactions per active account on a trailing 12-month basis, growing 13%

PayPaL Cash, cash equivalents, and investments totalLed $16.1 billion in the end of September 30.

Debt totalled $10.7 billion as of September 30, 2022

In the third quarter the company generated cash flow from operations of $1.9 billion, increasing 29%, and free cash flow of $1.8 billion, increasing 37%.

PayPal Q4 Guidance

Paypal now expects for the Q4, net revenues of ~$7.375 billion, growing ~7% on a spot basis and ~9% FXN

Revenue excluding eBay is forecasted to grow ~8% on a spot basis and ~10% FXN

The GAAP earnings are estimated to be between ~$0.83-$0.85, compared to $0.68 in the prior year period.

For the full year 2022, Paypal expects TPV to grow about 8.5% on a spot basis and about 12.5% FXN

Net revenues are expected to reach ~$27.5 billion, growing ~8.5% on a spot basis and ~10% FXN

Revenue excluding eBay is expected to grow ~12% on a spot basis and ~13% FXN

Paypal now expects GAAP earnings per diluted share to the range of ~$2.11-$2.13, compared to $3.52 in 2021, and the non-GAAP earnings per diluted share to the range of ~$4.07-$4.09, compared to $4.60 in 2021.

PYPL Price

PayPal finished the trading session 3.65% lower at $76.55, and the market capitalization now stands at $91.88 billion. The stock has a 52-week trading range between $67.58 to $231.92. Paypal stock all-time high is at $310.16 from July 26, 2021.

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