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）報告了截至2024年6月30日的財政第二季度的營業收入同比增長8％，達到789億元，超過分析師共識預期的781億元。
該公司報告的第二季度調整後每股收益爲1.19美元，超過分析師共識預期的0.98美元。公佈後股價上漲。
季度內總付款量同比增長11％，達到4168億美元。
付款交易量同比增長8％，達到66億美元，每個活躍帳戶的付款交易量按照最近12個月的基礎上增長了11％。
總活躍帳戶減少了0.4％，至4.29億。 順序基礎上，活躍帳戶增加了0.4％或180萬。
營業利潤率擴大了126個點子，達到16.8％，調整後的營業利潤率增加了231個點子，達到185億美元。
運營現金流爲15億美元，自由現金流爲14億美元。 截至2024年6月30日，PayPal持有價值183億美元的現金和等價物。
首席執行官Alex Chriss表示：“PayPal在第二季度和上半年取得了強勁的表現，我非常有信心我們正在走上正確的道路。自2021年以來，我們 delivers our best transaction margin dollar growth ，我們正在穩步推進戰略轉型，同時投資於創新，並更高效運營。”
展望：PayPal預計第三季度營收將同比增長中個位數百分比，而去年同期爲742億美元，分析師共識預期爲781億元。
它預計調整後的每股收益將同比增長高個位數百分比，而去年同期爲0.98美元，分析師共識預期爲0.98美元。
PayPal預計2024年全年調整後的每股收益將同比增長低至中個位數百分比（之前預計爲中個位數至高個位數百分比），而去年爲3.83美元。 目前，分析師的預測是每股收益4.23美元。
PayPal Holdings股票在過去12個月中下跌了逾22％。分析師預測Venmo和PayPal數碼錢包的增長潛力。
截至週二最後一次確認，PYPL股價在盤前上漲5.99％，至62.47美元。
圖片由PayPal提供
