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Mar 31, 2023
PayPal Q1 2023 Earnings Report
PayPal reported a strong start to 2023 with revenue and EPS outperformance.
Key Takeaways
PayPal's Q1 2023 results showed a strong start to the year, with revenue and EPS exceeding expectations. The company reported TPV of $354.5 billion, net revenues of $7.04 billion, and GAAP EPS of $0.70. PayPal raised its full-year EPS guidance due to this strong performance and cost initiatives.
Total Payment Volume (TPV) reached $354.5 billion, a 10% increase (12% FXN).
Net revenues were $7.04 billion, up by 9% (10% FXN).
GAAP EPS was $0.70, a 61% increase, while non-GAAP EPS was $1.17, a 33% increase.
The company is raising its full-year EPS guidance, reflecting confidence in momentum and cost initiatives.
PayPal
PayPal
PayPal Revenue by Geographic Location
Revenue by Geographic Location
United States Revenue
CapyFin.com Forward Guidance
PayPal provided guidance for Q2 2023 and FY 2023. Revenue for Q2 is expected to grow approximately 6.5%-7% and non-GAAP EPS is expected to grow 24-26%. GAAP EPS for FY 2023 is expected to be ~$3.42 and non-GAAP EPS is expected to grow ~20%.
Positive Outlook
- Net revenues expected to grow ~6.5%-7% on a spot basis and ~7.5%-8% FXN for Q2 2023
- GAAP earnings per diluted share expected to be $0.81-$0.83 for Q2 2023
- Non-GAAP earnings per diluted share expected to grow 24%-26% to $1.15-$1.17 for Q2 2023
- GAAP earnings per diluted share expected to be ~$3.42 for FY 2023
- Non-GAAP earnings per diluted share expected to grow ~20% to ~$4.95 for FY 2023