PayPal Q1 revenue up 9% to $7.7B, GAAP EPS $0.83 (+18%), non-GAAP EPS $1.08 (+27%)

PayPal Holdings, Inc.

2024-Q1 EPS reported $0.83 revenue$7,699,000,000

Total payment volume rose 14% to $403.9B; payment transactions 6.5B (+11%).
GAAP operating margin expanded 98 bps to 15.2%; non-GAAP operating margin 18.2% (+84 bps).
Active accounts 427M (-1% YoY, +0.4% sequential); transactions per active account 60.0 (+13%).
Free cash flow $1.8B; returned $1.5B to shareholders via share repurchases.
Non-GAAP methodology change now includes stock-based compensation; prior-methodology non-GAAP EPS would have been $1.40 (+20%).

item 2.02 item 9.01

Key facts

Extracted from this filing and checked against the source text.

Earnings Releases SEC 8-K Item 2.02 confidence 0.95

PayPal Holdings, Inc. reported the quarter ended March 31, 2024 results: revenue $7.7 billion, EPS $0.83.

Period: the quarter ended March 31, 2024
Revenue: $7.7 billion
EPS: $0.83
Result: reported results

Exact text from the filing

Q1’24 revenue increased 9% to $7.7 billion; 10% on a currency-neutral basis (FXN) Q1’24 GAAP EPS increased 18% to $0.83; non-GAAP EPS increased 27% to $1.08

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Source: SEC EDGAR

accession 0001193125-24-123690

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