PayPal stock is up 36% this year. In this video, I will be going over PayPal's (PYPL -6.06%) third-quarter earnings report. Watch the short video to learn more, consider subscribing, and click the special offer link below. *Stock prices used were from the trading day of Oct. 29, 2024. The video was published on Oct. 29, 2024. ...

Financial Performance - PayPal's total payment volume (TPV) reached $422641 million, a 9% year-over-year increase (9% FXN)[15] - The company's revenue was $7847 million, showing a 6% year-over-year growth (6% FXN)[15] - Transaction margin dollars (TM$) grew by 8% to $3654 million[15] - Excluding interest on customer balances, TM$ increased by 6% to $3315 million[15] - Non-GAAP EPS increased by 22% to $120[15] - Free cash flow increased by 31% to $1445 million[15] User Engagement - Active accounts reached 432 million, a 1% year-over-year increase[17] - Monthly active accounts (MAA) grew by 2% year-over-year, reaching 223 million[17] - The number of payment transactions increased by 6% year-over-year to 6631 million[17] - Transactions per active account (TPA) increased by 9% year-over-year to 614, while TPA excluding PSP grew by 5%[17] Strategic Initiatives - Early data indicates that upgraded branded checkout is driving an average conversion uplift of over 100 bps for vaulted checkout and up to 400 bps for one-time checkout when implemented properly[10]

Financial Data and Key Metrics Changes - Total payment volume grew 9% to $423 billion [10] - Revenue increased by 6% on a currency neutral basis to $7.8 billion [10] - Non-GAAP earnings per share rose 22% year-over-year to $1.20 [34] - Free cash flow generated in Q3 was $1.4 billion [44] - Transaction margin dollars grew 8% to $3.7 billion [10] Business Line Data and Key Metrics Changes - Global branded checkout volumes grew 6% on a currency neutral basis [36] - Braintree contributed meaningfully to transaction margin dollar growth for the second consecutive quarter [34][15] - Venmo monthly active debit card accounts grew 30% [28] - PayPal Complete Payments now accounts for nearly 40% of SMB processing and checkout volume [19] Market Data and Key Metrics Changes - Total active accounts increased by nearly 3 million to 432 million [35] - Monthly active accounts rose 2% year-over-year to 223 million [35] - Transactions per active account increased by 9% to 61.4 [35] Company Strategy and Development Direction - The company is transitioning from a payments company to a commerce platform, focusing on partnerships with major players like Amazon and Shopify [7][8] - An Investor Day is scheduled for February 25, 2025, to discuss long-term strategy and opportunities [9] - The company is emphasizing a price-to-value strategy to enhance merchant relationships and drive profitable growth [37][96] Management's Comments on Operating Environment and Future Outlook - Management expressed confidence in the company's durable market position and growth potential, particularly heading into the holiday season [55] - The company anticipates lower interest income contributions in Q4 and a normalization of transaction losses [61][52] - Full-year guidance for non-GAAP EPS is raised to high-teens growth, with transaction margin dollars expected to increase by a mid-single digit percentage [49] Other Important Information - The company is focusing on improving branded checkout experiences, with significant enhancements made to mobile and desktop platforms [12][85] - The launch of PayPal Everywhere has added over 1 million first-time debit card users [25] - Fastlane has over 1,000 merchants using it, with plans to expand further [17][107] Q&A Session Summary Question: Customer response to pricing changes and deceleration in fourth quarter margin growth - Management noted strong underlying growth drivers and healthy merchant conversations regarding pricing and value [58][64] Question: Drivers of favorable view on transaction margin dollar growth for Q4 and 2025 - Management highlighted durable, profitable growth focus and product innovation as key drivers [69][70] Question: Update on Fastlane monetization strategy and dynamics with branded checkout experiences - Management emphasized adoption and integration with multiple processors as critical for Fastlane's success [80][107] Question: Expectations for branded TPV growth and the impact of new checkout experiences - Management expects continued stability in branded checkout growth and significant improvements from new experiences [83][85] Question: Preview of 2025 expectations - Management anticipates a balanced approach to revenue and operating expenses, focusing on durable growth levers [89][92]

Paypal (PYPL) reported $7.85 billion in revenue for the quarter ended September 2024, representing a year-over-year increase of 5.8%. EPS of $1.20 for the same period compares to $1.30 a year ago.The reported revenue compares to the Zacks Consensus Estimate of $7.86 billion, representing a surprise of -0.20%. The company delivered an EPS surprise of +11.11%, with the consensus EPS estimate being $1.08.While investors scrutinize revenue and earnings changes year-over-year and how they compare with Wall Stree ...

PayPal Holdings Inc (NASDAQ:PYPL) and SoFi Technologies Inc (NASDAQ:SOFI) are fresh out of the earnings confessional. The former reported a third-quarter profit miss but beat on revenue, while the latter surpassed top- and bottom-line expectations and hiked its full-year guidance.At last glance, PYPL was down 6.1% to trade at $78.53, pivoting lower from yesterday's 52-week high of $83.70. The shares are on track to cut their three-day win streak short and are gapping below its 20-day moving average. PayPal ...

Paypal (PYPL) came out with quarterly earnings of $1.20 per share, beating the Zacks Consensus Estimate of $1.08 per share. This compares to earnings of $1.30 per share a year ago. These figures are adjusted for non-recurring items.This quarterly report represents an earnings surprise of 11.11%. A quarter ago, it was expected that this technology platform and digital payments company would post earnings of $0.96 per share when it actually produced earnings of $1.19, delivering a surprise of 23.96%.Over the ...

About this content About Josh Lamb After graduating from the University of Kent in the summer of 2022 with a degree in History, Josh joined Proactive later that year as a journalist in the UK editorial team. Josh has reported on a range of areas whilst at Proactive, including energy companies during a time of global crisis, aviation and airlines as the sector recovers from the pandemic, as well as covering economic, social and governance issues. Read more About the publisher Proactive financial news and onl ...

SAN JOSE, Calif., Oct. 29, 2024 /PRNewswire/ -- PayPal Holdings, Inc. (NASDAQ: PYPL) today announced its third quarter 2024 results for the period ended September 30, 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 5:00 a.m. Pacific time (8:00 a.m. Eastern time) today. A live webcast ...

A PayPal sign is seen at its headquarters in San Jose, California, Jan. 30, 2024.PayPal reported better-than-expected third-quarter earnings on Tuesday, but revenue came in a bit light of expectations. Here's how the company did compared to Wall Street estimates, based on a survey of analysts by LSEG:Earnings per share: $1.20, adjusted vs. $1.07 expectedRevenue: $7.85 billion vs. $7.89 billion expectedRevenue increased about 6% in the quarter from $7.42 billion in the same period a year ago. PayPal reported ...

https://files.reportif PayPal Reports Third Quarter 2024 Results PayPal delivers strong third quarter results and full year guidance SAN JOSE, Calif., (October 29, 2024) – 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 ...