On October 29, 2024, PayPal Holdings, Inc. released its financial results for the third quarter ending September 30, 2024. The report highlighted a 6% increase in net revenues to $7.8 billion and an 8% increase in transaction margin dollars to $3.7 billion. GAAP operating income rose by 19% to $1.4 billion, with a non-GAAP operating income of $1.5 billion, marking an 18% increase. The company's GAAP EPS grew by 6% to $0.99, while non-GAAP EPS saw a significant 22% increase to $1.20. Total payment volume for the quarter was up by 9% to $422.6 billion. PayPal also reported an active account base of 432 million, a 0.9% increase from the previous year. The company generated $1.6 billion in cash flow from operations and $1.4 billion in free cash flow. Adjusted free cash flow was reported at $1.5 billion. PayPal's...Show More

On October 29, 2024, PayPal Holdings, Inc. released its financial results for the third quarter ending September 30, 2024. The report highlighted a 6% increase in net revenues to $7.8 billion and an 8% increase in transaction margin dollars to $3.7 billion. GAAP operating income rose by 19% to $1.4 billion, with a non-GAAP operating income of $1.5 billion, marking an 18% increase. The company's GAAP EPS grew by 6% to $0.99, while non-GAAP EPS saw a significant 22% increase to $1.20. Total payment volume for the quarter was up by 9% to $422.6 billion. PayPal also reported an active account base of 432 million, a 0.9% increase from the previous year. The company generated $1.6 billion in cash flow from operations and $1.4 billion in free cash flow. Adjusted free cash flow was reported at $1.5 billion. PayPal's balance sheet showed $16.2 billion in cash, cash equivalents, and investments, with a total debt of $12.4 billion. The company returned $1.8 billion to stockholders through the repurchase of approximately 28 million shares of common stock. PayPal's President and CEO, Alex Chriss, expressed satisfaction with the company's strong performance and raised the full-year non-GAAP guidance based on the strength observed across the business.