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Sep 30, 2022
PayPal Q3 2022 Earnings Report
PayPal delivered a solid third quarter with revenue and EPS outperformance.
Key Takeaways
PayPal's Q3 2022 results showed solid performance with net revenues of $6.85 billion, growing 11% (12% FXN). GAAP EPS was $1.15, and non-GAAP EPS was $1.08. The company raised EPS guidance, benefiting from ongoing productivity initiatives, and is working with Apple to enhance offerings.
Net revenues of $6.85 billion, growing 11% and 12% on an FX-neutral basis (FXN); excluding eBay, revenue grew 13% on a spot basis and 14% FXN
GAAP EPS of $1.15 compared to $0.92 in Q3'21, and non-GAAP EPS of $1.08 compared to $1.11 in Q3'21
Operating cash flow of $1.9 billion, growing 29%, and free cash flow of $1.8 billion, growing 37%
Total Payment Volume (TPV) of $337.0 billion, growing 9% and 14% FXN
PayPal
PayPal
PayPal Revenue by Geographic Location
Revenue by Geographic Location
United States Revenue
CapyFin.comInternational Revenue
CapyFin.com Forward Guidance
PayPal provided Q4'22 and FY'22 financial guidance.
Positive Outlook
- Net revenues expected to reach ~$7.375 billion, growing ~7% on a spot basis and ~9% FXN
- Revenue excluding eBay expected to grow ~8% on a spot basis and ~10% FXN
- GAAP earnings per diluted share expected to be in the range of ~$0.83-$0.85, compared to $0.68 in the prior year period
- Non-GAAP earnings per diluted share expected to be in the range of ~$1.18-$1.20, compared to $1.11 in the prior year period
- TPV expected to grow ~8.5% on a spot basis and ~12.5% FXN
Revenue & Expenses
Visualization of income flow from segment revenue to net income