PayPal Non-GAAP EPS of $1.40 beats by $0.10, revenue of $8.3B beats by $220M

PayPal press release (NASDAQ:PYPL): Q2 Non-GAAP EPS of $1.40 beats by $0.10.
Revenue of $8.3B (+5.1% Y/Y) beats by $220M.
Transaction margin dollars1 (“TM $”) increased 7% to $3.8 billion; TM $ excluding interest on customer balances1,2 increased 8% to $3.5 billion.
Total payment volume (“TPV”) increased 6% to $443.5 billion; 5% FXN.
Payment transactions decreased 5% to 6.2 billion. Excluding payment service provider transactions4 (“PSP”), payment transactions increased 6%.
Payment transactions per active account (“TPA”) on a trailing 12-month basis decreased 4% to 58.3. TPA ex-PSP4 increased 4%.
Active accounts increased 2% to 438 million. On a sequential basis, active accounts increased by 0.4%, or by 1.7 million.
Q3 Non-gaap eps of $1.18-$1.22 vs $1.20 consensus

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