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PayPal | 10-Q: Q3 2024 Earnings Report

PayPal | 10-Q: Q3 2024 Earnings Report

PayPal | 10-Q:2024財年三季報
美股SEC公告 ·  2024/10/30 04:59

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PayPal reported solid Q3 2024 financial results with net revenues increasing 6% to $7.85 billion, driven by a 9% growth in total payment volume to $423 billion. Operating income rose 19% to $1.39 billion as operating margin expanded to 18% from 16% last year, reflecting lower transaction and credit losses. The company processed 6.6 billion payment transactions, up 6% year-over-year.Transaction revenues grew 6% to $7.07 billion, primarily from increased payment volume through Braintree products and services, as well as core PayPal and Venmo offerings. Operating expenses increased moderately by 3% to $6.46 billion, with transaction expenses up 7% to $3.84 billion, while transaction and credit losses decreased 21% to $352 million due to improved risk management.The company maintained strong liquidity with $14.5 billion in cash and investments at quarter-end. During Q3, PayPal repurchased approximately 27.7 million shares for $1.79 billion. The company expects lower volume and transaction revenue growth in Q4 2024 and into 2025 from Braintree products due to ongoing merchant negotiations.
PayPal reported solid Q3 2024 financial results with net revenues increasing 6% to $7.85 billion, driven by a 9% growth in total payment volume to $423 billion. Operating income rose 19% to $1.39 billion as operating margin expanded to 18% from 16% last year, reflecting lower transaction and credit losses. The company processed 6.6 billion payment transactions, up 6% year-over-year.Transaction revenues grew 6% to $7.07 billion, primarily from increased payment volume through Braintree products and services, as well as core PayPal and Venmo offerings. Operating expenses increased moderately by 3% to $6.46 billion, with transaction expenses up 7% to $3.84 billion, while transaction and credit losses decreased 21% to $352 million due to improved risk management.The company maintained strong liquidity with $14.5 billion in cash and investments at quarter-end. During Q3, PayPal repurchased approximately 27.7 million shares for $1.79 billion. The company expects lower volume and transaction revenue growth in Q4 2024 and into 2025 from Braintree products due to ongoing merchant negotiations.
PayPal報告了2024年第三季度的財務業績,淨營業收入增長6%至78.5億元,主要得益於總支付成交量增長9%至4230億元。營業收入增長19%至13.9億元,營業利潤率從去年的16%擴大到18%,反映出交易和信用損失降低。該公司處理了66億筆支付交易,同比增加6%。交易收入增長6%至70.7億元,主要來自Braintree產品和服務的支付成交量增加,以及核心的PayPal和Venmo產品。營業費用適度增長3%至64.6億元,其中交易費用增長7%至38.4億元,而交易和信用損失由於風險管理的改善降低了21%,至35200萬元。該公司在季度末保持了強勁的流動性,現金和投資爲145億元。在第三季度,PayPal以17.9億元回購了大約2770萬股股份。由於持續的商戶談判,該公司預計2024年第四季度及2025年將來自Braintree產品的成交量和交易收入增長較低。
PayPal報告了2024年第三季度的財務業績,淨營業收入增長6%至78.5億元,主要得益於總支付成交量增長9%至4230億元。營業收入增長19%至13.9億元,營業利潤率從去年的16%擴大到18%,反映出交易和信用損失降低。該公司處理了66億筆支付交易,同比增加6%。交易收入增長6%至70.7億元,主要來自Braintree產品和服務的支付成交量增加,以及核心的PayPal和Venmo產品。營業費用適度增長3%至64.6億元,其中交易費用增長7%至38.4億元,而交易和信用損失由於風險管理的改善降低了21%,至35200萬元。該公司在季度末保持了強勁的流動性,現金和投資爲145億元。在第三季度,PayPal以17.9億元回購了大約2770萬股股份。由於持續的商戶談判,該公司預計2024年第四季度及2025年將來自Braintree產品的成交量和交易收入增長較低。
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