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PayPal | 10-Q: Q2 2024 Earnings Report

PayPal | 10-Q: Q2 2024 Earnings Report

PayPal | 10-Q:2024财年二季报
美股SEC公告 ·  2024/07/31 04:57

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PayPal reported strong financial results for Q2 2024, with net revenues increasing 8% to $7.9 billion driven by 11% growth in total payment volume (TPV) to $417 billion. Operating income rose 17% to $1.3 billion, while net income grew 10% to $1.1 billion or $1.08 per diluted share. The company's operating margin improved to 17% from 16% in the prior year period.Transaction revenues grew 9% to $7.2 billion, reflecting continued momentum in Braintree products and services as well as growth in core PayPal and Venmo offerings. The company processed 6.6 billion payment transactions, up 8% year-over-year, while maintaining 429 million active accounts. Transaction expense rate was 0.95% of TPV, slightly higher than 0.94% last year.During the quarter, PayPal repurchased approximately 23.6 million shares for $1.5 billion and issued $1.3 billion in new fixed-rate notes. The company also implemented cost reduction initiatives, including a global workforce restructuring expected to generate approximately $565 million in annualized employee-related cost savings, though a portion will be reinvested in business priorities.
PayPal reported strong financial results for Q2 2024, with net revenues increasing 8% to $7.9 billion driven by 11% growth in total payment volume (TPV) to $417 billion. Operating income rose 17% to $1.3 billion, while net income grew 10% to $1.1 billion or $1.08 per diluted share. The company's operating margin improved to 17% from 16% in the prior year period.Transaction revenues grew 9% to $7.2 billion, reflecting continued momentum in Braintree products and services as well as growth in core PayPal and Venmo offerings. The company processed 6.6 billion payment transactions, up 8% year-over-year, while maintaining 429 million active accounts. Transaction expense rate was 0.95% of TPV, slightly higher than 0.94% last year.During the quarter, PayPal repurchased approximately 23.6 million shares for $1.5 billion and issued $1.3 billion in new fixed-rate notes. The company also implemented cost reduction initiatives, including a global workforce restructuring expected to generate approximately $565 million in annualized employee-related cost savings, though a portion will be reinvested in business priorities.
PayPal公布了2024年第二季度强劲的财务结果,净收入增长8%,达到79亿美元,推动因素为总支付成交量(TPV)增长11%,达到4170亿美元。营业收入增长17%,达到13亿美元,而净利润增长10%,达到11亿美元或每稀释股1.08美元。公司的营业利润率从去年同期的16%提高到17%。交易收入增长9%,达到72亿美元,反映了Braintree产品和服务的持续增长势头,以及核心PayPal和Venmo产品的增长。公司处理了66亿笔支付交易,同比增长8%,同时保持42900万个活跃账户。交易费用率为TPV的0.95%,略高于去年的0.94%。在本季度,PayPal回购了约2360万股股票,花费15亿美元,并发行了13亿美元的新固定利率票据。该公司还实施了成本削减措施,包括预计每年可节省约56500万美元员工相关成本的全球劳动力重组,尽管部分资金将重新投资于业务优先事项。
PayPal公布了2024年第二季度强劲的财务结果,净收入增长8%,达到79亿美元,推动因素为总支付成交量(TPV)增长11%,达到4170亿美元。营业收入增长17%,达到13亿美元,而净利润增长10%,达到11亿美元或每稀释股1.08美元。公司的营业利润率从去年同期的16%提高到17%。交易收入增长9%,达到72亿美元,反映了Braintree产品和服务的持续增长势头,以及核心PayPal和Venmo产品的增长。公司处理了66亿笔支付交易,同比增长8%,同时保持42900万个活跃账户。交易费用率为TPV的0.95%,略高于去年的0.94%。在本季度,PayPal回购了约2360万股股票,花费15亿美元,并发行了13亿美元的新固定利率票据。该公司还实施了成本削减措施,包括预计每年可节省约56500万美元员工相关成本的全球劳动力重组,尽管部分资金将重新投资于业务优先事项。
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