Categories AlphaGraphs, Earnings, Finance

PayPal Holdings (PYPL) Q1 2021 revenue up 31%; earnings beat

PayPal Holdings Inc. (NASDAQ: PYPL) reported stronger-than-expected earnings and revenues for the first quarter of 2021. Shares of the payment service provider gained during Wednesday’s extended trading session soon after the announcement.

PayPal Holdings Q1 2021 earnings infographic

Payment volumes grew 50% year-over-year to $285 billion in the March quarter. Consequently, total revenues moved up 31% to $6.03 billion. Analysts had forecast slower growth.

Adjusted profit rose to $1.22 per share from last year’s $0.66 per share and exceeded expectations. Net income, including special items, was $1.09 billion or $0.92 per share, compared to $84 million or $0.07 per share in the first quarter of 2020.

Read management/analysts’ comments on PayPal’s Q1 earnings

PayPal’s shares closed Wednesday’s regular trading down 1%, after gaining more than 7% since the beginning of the year.

  • paypal Q3 2020 earnings
  • PayPal Holdings (PYPL) Q2 2020 Earnings Infograph

Looking for more insights on the earnings results? Click here to access the full transcripts of the latest earnings conference calls!

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