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PayPal | 10-Q: Q2 2024 Earnings Report

PayPal | 10-Q: Q2 2024 Earnings Report

PayPal | 10-Q:2024財年二季報
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公佈了2024年第二季度的強勁財務業績,淨收入增長8%至79億,主要得益於總支付成交量(TPV)增長11%至4170億。營業收入增長17%至13億,而凈利潤增長10%至11億,即每股攤薄收益1.08美元。公司營業利潤率從去年同期的16%改善至17%。交易收入增長9%至72億,這反映了Braintree產品和服務的持續勢頭,以及核心PayPal和Venmo產品的增長。公司處理了66億筆支付交易,同比增長8%,同時保持了42900萬活躍賬戶。交易費用率爲TPV的0.95%,略高於去年的0.94%。在本季度,PayPal回購了約2360萬股,支付了15億,併發行了13億的新固定利率票據。公司還實施了成本降低措施,包括預計將每年產生約56500萬的員工相關成本節約的全球勞動力重組,儘管其中一部分將再投資於業務優先事項。
PayPal公佈了2024年第二季度的強勁財務業績,淨收入增長8%至79億,主要得益於總支付成交量(TPV)增長11%至4170億。營業收入增長17%至13億,而凈利潤增長10%至11億,即每股攤薄收益1.08美元。公司營業利潤率從去年同期的16%改善至17%。交易收入增長9%至72億,這反映了Braintree產品和服務的持續勢頭,以及核心PayPal和Venmo產品的增長。公司處理了66億筆支付交易,同比增長8%,同時保持了42900萬活躍賬戶。交易費用率爲TPV的0.95%,略高於去年的0.94%。在本季度,PayPal回購了約2360萬股,支付了15億,併發行了13億的新固定利率票據。公司還實施了成本降低措施,包括預計將每年產生約56500萬的員工相關成本節約的全球勞動力重組,儘管其中一部分將再投資於業務優先事項。
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