Summary by Moomoo AI
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
