PayPal Holdings Inc.
PayPal Q1 2024 Earnings Beat and Adjusted Non-GAAP Reporting
Summary
On April 30, 2024, PayPal Holdings, Inc. reported Q1 2024 financial results, with GAAP EPS increasing 18% to $0.83 and non-GAAP EPS increasing 27% to $1.08. Total net revenue rose 9% to $7.7 billion. Additionally, the company introduced changes to its non-GAAP financial reporting to include the impact of stock-based compensation expense and related employer payroll taxes. Cash flow from operations increased by 64%, and free cash flow rose to $1.76 billion. The press release also furnished reconciliation tables for the adjustments and provided financial guidance for the next quarter and the full year.
Profitelligence Alerts
Get alerts for PYPL
Be first to know when PayPal Holdings Inc. files with the SEC.
Filing Categories
Exhibits (2)
Advertisement
About PayPal Holdings Inc.
PayPal Holdings Inc. is a prominent player in the digital payments industry, providing an essential service that facilitates online and mobile monetary transactions globally. As a leading payment solutions provider, PayPal enables individuals and businesses to send and receive funds with ease and security without sharing financial information with third parties. Its platform supports a variety of payment options, including credit cards, bank accounts, and stored digital balances. PayPal has significantly impacted the e-commerce sector, empowering businesses of all sizes to reach a global customer base. Additionally, it offers tailored financial solutions for merchants, including invoicing and working capital services. Operating in over 200 markets worldwide, PayPal plays a crucial role in the financial ecosystem by promoting digital payment adoption and financial inclusion. With its continuous technological advancements and partnerships with leading retail and tech companies, PayPal remains at the forefront of transforming how people conduct financial transactions in the digital age.
Official SEC Documents
Advertisement