PayPal Holdings Inc (NASDAQ:PYPL) reported fiscal second-quarter revenue growth of 8% year over year to $7.89 billion, beating the analyst consensus estimate of $7.81 billion.
The company reported a quarterly adjusted EPS of $1.19, beating analyst consensus estimates of $0.98. The stock price gained after the print.
Total payment volumes increased 11% year-over-year to $416.8 billion in the quarter.
Payment transactions were up 8% to $6.6 billion, and the payment transactions per active account increased 11% on a trailing 12-month basis.
Total active accounts decreased by 0.4% to 429 million. On a sequential basis, active accounts increased by 0.4%, or 1.8 million.
The operating margin expanded 126 basis points to 16.8%, and the adjusted operating margin increased 231 bps to $18.5 billion.
Operating cash flow was $1.5 billion, and free cash flow was $1.4 billion. PayPal held $18.3 billion in cash and equivalents as of June 30, 2024.
"PayPal delivered a strong second quarter and first half, and I'm confident we're on the right track. We delivered our best transaction margin dollar growth since 2021, and we are making steady progress on our strategic transformation while investing in innovation and operating more efficiently," CEO Alex Chriss said.
Outlook: PayPal expects third-quarter revenues to increase by a mid-single-digit percentage compared to $7.42 billion in the prior year's period and the consensus of $7.81 billion.
It expects adjusted EPS to grow in the high single-digit percentage compared to $0.98 for the previous year's period and the consensus of $0.98.
PayPal expects full-year 2024 adjusted EPS to increase by the low-mid-teens percentage (prior mid- to high single-digit percentage) compared to $3.83 Y/Y. Current analyst estimates are calling for an EPS of $4.23 per share.
PayPal Holdings stock lost over 22% in the last 12 months. Analysts have projected upside from Venmo and PayPal digital wallets.
Price Action: PYPL shares traded higher by 5.99% at $62.47 premarket at the last check on Tuesday.
Photo courtesy of PayPal
PayPal Holdings Inc（NASDAQ：PYPL）报告了截至2024年6月30日的财政第二季度的营业收入同比增长8％，达到789亿元，超过分析师共识预期的781亿元。
该公司报告的第二季度调整后每股收益为1.19美元，超过分析师共识预期的0.98美元。公布后股价上涨。
季度内总付款量同比增长11％，达到4168亿美元。
付款交易量同比增长8％，达到66亿美元，每个活跃账户的付款交易量按照最近12个月的基础上增长了11％。
总活跃账户减少了0.4％，至4.29亿。 顺序基础上，活跃账户增加了0.4％或180万。
营业利润率扩大了126个基点，达到16.8％，调整后的营业利润率增加了231个基点，达到185亿美元。
运营现金流为15亿美元，自由现金流为14亿美元。 截至2024年6月30日，PayPal持有价值183亿美元的现金和等价物。
首席执行官Alex Chriss表示：“PayPal在第二季度和上半年取得了强劲的表现，我非常有信心我们正在走上正确的道路。自2021年以来，我们 delivers our best transaction margin dollar growth ，我们正在稳步推进战略转型，同时投资于创新，并更高效运营。”
展望：PayPal预计第三季度营收将同比增长中个位数百分比，而去年同期为742亿美元，分析师共识预期为781亿元。
它预计调整后的每股收益将同比增长高个位数百分比，而去年同期为0.98美元，分析师共识预期为0.98美元。
PayPal预计2024年全年调整后的每股收益将同比增长低至中个位数百分比（之前预计为中个位数至高个位数百分比），而去年为3.83美元。 目前，分析师的预测是每股收益4.23美元。
PayPal Holdings股票在过去12个月中下跌了逾22％。分析师预测Venmo和PayPal数码钱包的增长潜力。
截至周二最后一次确认，PYPL股价在盘前上涨5.99％，至62.47美元。
图片由PayPal提供
