Payment solutions firm PayPal Holdings Inc. (NASDAQ: PYPL) reported higher earnings for the first quarter of 2022.
Net revenues rose 17% year-over-year to $6.5 billion in the first quarter amid a strong increase in total payment volumes.
Net income, including special items, was $509 million or $0.43 per share, compared to $1.09 billion or $1.22 per share in the first quarter of 2021.