PayPal is a company that lets people pay for things without using cash or a credit card. They have a little bit over 432 million people who use their service, which is a lot! However, this is actually a bit less than last quarter, when they had 436 million people using their service.

In the last 3 months, they made $7.85 billion dollars, which is slightly less than what people were expecting. But, they did make $1.20 per share, which is more than what people were thinking they would make. They also made sure to save a lot of money, so they have $16.2 billion in the bank.

The boss of the company, AI Schulman, thinks that more people will start using something called "Buy Now, Pay Later" which lets you buy something now and pay for it later, like installment plans. He also thinks people will spend more money during the holiday season.

All in all, the company did pretty well, and people are still interested in using their service to buy things. Read from source...

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PayPal's Q3 revenue hits $7.85B, missing estimates; EPS of $1.20 tops expectationsTotal payment volume grows 9% to $422.6B in Q3, active accounts dip slightly to 432M

### AI:

Sentiment of the article (neutral, bullish, bearish): Neutral

Keywords found in the article:

PAYPAL HOLDINGS, PayPal

Body of the article:

PayPal Holdings Inc PYPL reported fiscal third-quarter revenue growth of 6% year over year to $7.85 billion, marginally missing the analyst consensus of $7.88 billion. The company reported an adjusted EPS of $1.20, beating analyst consensus of $1.07. The stock dipped after the print.

Also Read: Apple Pay Expands Buy Now, Pay Later With Affirm, Adds Support For Third-Party Browsers And More

Total payment volumes increased 9% year-over-year to $422.6 billion in the quarter. Payment transactions were up 6% to $6.6 billion, and the payment transactions per active account increased 9% on a trailing 12-month basis to $61.40.

Total active accounts decreased by 0.9% to 432 million. On a sequential basis, active accounts increased by 0.6%, or 2.6 million.

The operating margin expanded 198 basis points to 17.7%, and the adjusted operating margin increased 194 bps to 18.8%.

Operating cash flow was $1.6 billion, and free cash flow was $1.4 billion. PayPal held $16.2 billion in cash and equivalents as of September 30, 2024, and had a debt of $12.40 billion on its balance sheet.

Outlook: PayPal expects fourth-quarter revenues to increase by a low-single-digit percentage compared to $8.03 billion in the prior year's period and the consensus of $7.81 billion.

It expects adjusted EPS to decrease by a low- to mid-single-digit percentage or reach $1.03-$1.07, compared to $1.14 for the previous year's period and the consensus of $1.10.

PayPal expects full-year 2024 adjusted EPS

• Positive -

Danske Bank revised its rating from 'hold' to 'buy' with a price target of DKK 45.00 on September 1, 2022.

• Neutral -

Jefferies reiterated its 'hold' rating and lowered its price target from $25.00 to $24.00 on July 27, 2022.

• Negative -

KeyBanc reiterated its 'underweight' rating on February 2, 2022.

• None -

Credit Suisse reiterated its 'outperform' rating on February 15, 2022.

• Earnings date:

PayPal reports Q3 earnings on November 8, 2022.

### Jaye S:
PayPal Q3 Earnings: Revenue Falls Short of Expectations, Strong Payment Volume Growth, CEO Sees 15%-20% Increase In BNPL

PayPal Holdings Inc PYPL reported fiscal third-quarter revenue growth of 6% year over year to $7.85 billion, marginally missing the analyst consensus of $7.88 billion.

The company reported an adjusted EPS of $1.20, beating analyst consensus of $1.07.

Total payment volumes increased 9% year-over-year to $422.6 billion in the quarter.

Payment transactions were up 6% to $6.6 billion, and the payment transactions per active account increased 9% on a trailing 12-month basis to $61.40.

Total active accounts decreased by 0.9% to 432 million. On a sequential basis, active accounts increased by 0.6%, or 2.6 million.

The operating margin expanded 198 basis points to 17.7%, and the adjusted operating margin increased 194 bps to 18.8%.

Operating cash flow was $1.6 billion, and free cash flow was $1.4 billion.

PayPal held $16.2 billion in cash and equivalents as of September 30, 2022, and had a debt of $12.40 billion on its balance sheet.

Outlook: PayPal expects fourth-quarter revenues to increase by a low-single-digit percentage compared to $8.03 billion in the prior year's period and the consensus of $7.81 billion.

It expects adjusted EPS to decrease by a low- to mid-single-dig