UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 10-Q QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 ☒ For the quarterly period ended March 31, 2024. OR ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the Transition Period from to . Commission file number 001-36859 PayPal Holdings, Inc. (Exact Name of Registrant as Specified in Its Charter) Delaware 47-2989869 (State or Other Jurisdiction of ( ...

Key TakeawaysPayPal shares gained Tuesday as the electronic payments provider reported better-than-expected first-quarter profit and sales as its payment volumes and transactions increased.PayPal also boosted its full-year guidance for adjusted earnings per share.With Tuesday's gains, PayPal shares have climbed close to 11% since the start of 2024. PayPal (PYPL) shares gained close to 2% Tuesday after the electronic payments provider reported results for the first quarter that beat estimates and raised its ...

PayPal业绩表现 - PayPal在当前市场受到青睐，尽管用户增长放缓，但仍保持盈利，收入增长稳定在8%，盈利继续以快速的速度扩张（上季度增长27%）[1] - PayPal在过去的季度报告中表现出色，超过了市场预期的收入和总支付量，公司还公布了一种新的报告方法，没有引起任何动荡，整体来看，这个季度似乎是一个胜利[3] - PayPal的盈利预期略低于预期，但公司进行了一些调整，这对股价产生了负面影响，如果不考虑这些调整，PayPal的调整后每股收益将达到1.40美元，远高于共识范围[6] PayPal股东回报 - PayPal的股东继续受益于令人印象深刻的股票回购和强劲的前瞻性股东回报概况，这些数据表现强劲，使得市场似乎正在改变对这家金融科技巨头的看法[4] - PayPal提供了未来几个季度的盈利指导，预计增长率在“中高个位数百分比”范围内，远高于之前几个季度的水平，市场显然喜欢这种超预期表现，此外，PayPal在过去一个季度回购了15亿美元的股票，今年的目标是回购总额达到50亿美元[7] PayPal战略发展 - PayPal首席执行官Alex Chriss的战略开始显现，公司股价在2024年上涨了8%，在今天发布财报后又上涨了超过2%[5] - Chriss计划通过PayPal Complete Payments为中小企业提供更多选择，Fastlane旨在简化结账流程，减少结账时间40%，Fastlane的实施导致转化率高达70%[8] - Chriss还计划利用人工智能进行个性化推荐和现金返还奖励，旨在将一次性购物者转化为忠实顾客，如果成功，PayPal的转型在当前估值下提供了有吸引力的风险回报概况[9] PayPal股价波动 - PayPal股票在疫情后飙升，由于数字支付增长强劲，但这种增长势头已经消退，公司的不可持续增长模式得到验证，投资者情绪在这只股票上发生了急剧变化，因此，PayPal仍然比疫情后创下的历史高点下跌约70%[10] - 公司管理团队发出了一些强劲的指导，这使得投资者情绪再次转为积极，我们将看到这种势头是否能够持续下去，从各方面来看，这是一个非常强劲的季度，PayPal目前仍然是投资者一个具有增长潜力的合理价格选择，我对这个公司仍然持乐观态度[11]

PayPal财报表现 - PayPal在2024年第一季度总支付量增长了14%，达到4039亿美元，预计年度每股收益将比去年的3.83美元增长中高个位数百分比[2] - PayPal的净收入增长了9%，达到77亿美元，超过了预期的75.1亿美元，非GAAP每股收益增长了27%，达到1.08美元[3] PayPal股价表现 - PayPal的股价在2024年表现良好，报告的收益超出预期，股价在当天上涨了近2%[1] - 分析师对PayPal的股价走势持有不同看法，平均目标价为67.69美元，预计未来12个月股价变化为-0.54%[6]

财务数据和关键指标变化 - 第一季度收入同比增长9%,达到77亿美元 [43] - 交易利润总额同比增长4%,超出预期 [43] - 非GAAP每股收益同比增长27%,达到1.08美元 [43] - 总活跃账户数增加近200万,达到4.27亿 [45] - 月活跃账户数同比增长2%,达到2.2亿 [45] - 每活跃账户交易次数同比增长13% [46] 各条业务线数据和关键指标变化 - 品牌结账业务同比增长7%,增速加快 [47] - 大型企业和国际市场是品牌结账业务增长的主要贡献者 [48] - 小微企业和移动端结账仍需进一步提升 [48] - 第三方支付处理业务同比增长26%,保持良好势头 [48] - 公司正在与商户进行更加注重盈利的谈判和续约 [48] 各个市场数据和关键指标变化 - 美国市场交易总额同比增长12% [47] - 国际市场交易总额同比增长17%,主要得益于欧洲大陆和亚洲市场的改善 [47] 公司战略和发展方向及行业竞争 - 公司正在全面评估业务,对表现不佳的业务进行调整,如Xoom汇款业务 [33][34] - 公司将重点投资于品牌结账和更好服务小微企业客户 [32] - 公司正在推出Fast Lane等创新产品,提升结账转化率,增强客户价值 [17][18][19][20][21] - 公司正在与大型商户进行更深入的战略合作,强调基于价值的定价 [19][20] - 公司正在提升Venmo的货币化能力,让用户能更好地使用Venmo余额 [30] - 公司正在全面提升运营效率,优化成本结构 [35][36] 管理层对经营环境和未来前景的评论 - 2023年是公司转型的关键一年,需要专注执行并做出关键决策 [13][14][41] - 公司有信心通过执行来实现长期盈利增长 [38] - 预计2023年非GAAP每股收益将增长中高个位数 [57][58][59] - 交易利润总额全年将略有增长 [60] - 非交易运营费用将略有增加 [60] - 公司将保持灵活性,根据需要进行战略投资 [60][61] 问答环节重要的提问和回答 问题1 **Tien-Tsin Huang 提问** 询问交易利润总额增长的驱动因素,以及公司对于表现不佳业务的策略 [67] **Alex Chriss 和 Jamie Miller 回答** - 交易利润总额增长主要来自客户余额利息收入、品牌结账业务、交易和贷款损失改善等 [69][70] - 公司正在全面评估业务,对表现不佳的业务进行调整或维护模式,以提升整体盈利能力 [71][72][73] 问题2 **Bryan Keane 提问** 询问公司在竞争中的优势 [128] **Alex Chriss 回答** - 公司拥有60%未被消费的市场机会,凭借强大品牌和创新产品有望获得领先地位 [130][131] - 公司正在提升线上线下一体化体验,为客户提供全方位支付解决方案 [131][132] 问题3 **James Faucette 提问** 询问Fast Lane产品的推广计划 [139] **Alex Chriss 回答** - 公司将分阶段推广Fast Lane,先在少数重点商户验证效果,再逐步扩大覆盖面 [140][141][142][143][144][145] - 未来一到两年内,公司将要求所有商户采用包含Fast Lane在内的最新结账集成 [144]

Paypal (PYPL) reported $7.7 billion in revenue for the quarter ended March 2024, representing a year-over-year increase of 9.4%. EPS of $1.40 for the same period compares to $1.17 a year ago.The reported revenue represents a surprise of +2.59% over the Zacks Consensus Estimate of $7.5 billion. With the consensus EPS estimate being $1.20, the EPS surprise was +16.67%.While investors closely watch year-over-year changes in headline numbers -- revenue and earnings -- and how they compare to Wall Street expecta ...

Paypal (PYPL) came out with quarterly earnings of $1.40 per share, beating the Zacks Consensus Estimate of $1.20 per share. This compares to earnings of $1.17 per share a year ago. These figures are adjusted for non-recurring items.This quarterly report represents an earnings surprise of 16.67%. A quarter ago, it was expected that this technology platform and digital payments company would post earnings of $1.36 per share when it actually produced earnings of $1.48, delivering a surprise of 8.82%.Over the l ...

PayPal Holdings, Inc., the American multinational fintech company just released its earnings report today for the first quarter of FY24.Are you looking for signals & alerts from pro-traders? Sign-up to Invezz Signals™ for FREE. Takes 2 mins.The company’s Q1 net revenues increased 9% to $7.7 billion. Transaction margin dollars increased by 4% to $3.5 billion. According to an announcement made by the company on February 7, 2024, PayPal’s non-GAAP results are based on a new methodology that includes the impact ...

About this content About William Farrington William kickstarted his career as a researcher and reporter for a global legal publication, covering everything from public law to M&A. Before moving to Proactive Investors, he worked as a reporter for a major fintech company with a focus on cryptocurrency and blockchain technology. Harking from Queensland, Australia, William obtained first-class honours in journalism and media from Birkbeck University before going on to complete an MA in creative and critical ...

SAN JOSE, Calif., April 30, 2024 /PRNewswire/ -- PayPal Holdings, Inc. (NASDAQ: PYPL) today announced its first quarter 2024 results for the period ended March 31, 2024. The earnings release and related materials discussing these results can be found on PayPal's investor relations website at https://investor.pypl.com/financials/quarterly-results/default.aspx. PayPal Holdings, Inc. will host a conference call to discuss these results at 5:30 a.m. Pacific time (8:30 a.m. Eastern time) today. A live webcast of ...