PayPal Non-GAAP EPS of $1.19 beats by $0.20, revenue of $7.9B beats by $80M

PayPal press release (NASDAQ:PYPL): Q2 Non-GAAP EPS of $1.19 beats by $0.20.
Revenue of $7.9B (+8.2% Y/Y) beats by $80M.
• Transaction margin dollars increased 8% to $3.6 billion.
• Total payment volume increased 11% to $416.8 billion; 11% FXN.
Payment transactions increased 8% to 6.6 billion.
Payment transactions per active account on a trailing 12-month basis increased 11% to 60.9.
Active accounts decreased 0.4% to 429 million. On a sequential basis, active accounts increased 0.4%, or by 1.8 million.
3Q’24 Guidance:
Revenue growth Mid-single-digit GAAP EPS $0.96 – $0.98 Non-GAAP EPS growth1 High single-digit
FY’24 Guidance
GAAP EPS $3.88 – $3.98
Non-GAAP EPS growth Low to mid-teens

Tags: PYPL