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Jun 30, 2024
PayPal Q2 2024 Earnings Report
PayPal delivered strong results, with transaction margin dollar growth and progress on strategic transformation, leading to raised full-year guidance and increased share repurchases.
Key Takeaways
PayPal reported an 8% increase in revenue to $7.9 billion and a 17% increase in GAAP EPS to $1.08. The company's total payment volume increased by 11% to $416.8 billion. Given the strength of the business, PayPal is raising its 2024 guidance and increasing share repurchases.
Net revenues increased 8% to $7.9 billion, or 9% on a currency-neutral basis.
GAAP operating income increased 17% to $1.3 billion.
Total payment volume increased 11% to $416.8 billion.
GAAP EPS increased 17% to $1.08; non-GAAP EPS increased 36% to $1.19.
Forward Guidance
PayPal provided financial guidance for Q3 2024 and full year 2024.
Positive Outlook
- Revenue growth mid-single-digit for Q3 2024.
- GAAP EPS between $0.96 and $0.98 for Q3 2024.
- Non-GAAP EPS growth high single-digit for Q3 2024.
- GAAP EPS between $3.88 and $3.98 for FY 2024.
- Non-GAAP EPS growth low to mid-teens for FY 2024.
Historical Earnings Impact
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Avg. Return Before/After Earnings
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