Summary by Moomoo AI
PayPal Holdings, Inc. reported its financial results for the third quarter ended September 30, 2024, revealing a 6% year-over-year increase in net revenues to $7.847 billion, and an 8% increase to $23.431 billion for the nine-month period. Operating income saw a significant 19% rise to $1.391 billion for the quarter and an 18% increase to $3.884 billion for the nine months. Despite these gains, net income slightly decreased by 1% to $1.010 billion for the quarter, while it increased by 6% to $3.026 billion for the nine-month period. Diluted earnings per share rose by 6% to $0.99 for the quarter and by 13% to $2.89 for the nine months. The company's operating margin improved from 16% to 18% for the quarter and from 15% to 17% for the nine-month period, reflecting lower transaction and credit losses...Show More