Categories Earnings, Finance

PayPal (PYPL) Q1 profit jumps 31%, beats estimates

PayPal Holdings (NASDAQ: PYPL) reported a 31% jump in earnings for the first quarter of 2019 helped by strong growth in revenue, net new active accounts, and engagement across its platform. The bottom line exceeded analysts’ expectations while the top line came in line with consensus estimates. Also, the company guided earnings and revenue for the second quarter and fiscal 2019 within the Street’s view.

Net income jumped by 31% to $667 million and earnings climbed by 34% to $0.56 per share. Adjusted earnings soared by 37% to $0.78 per share.

Net revenue rose by 12% to $4.13 billion. The completion of the sale of the U.S. consumer credit receivables portfolio to Synchrony in July 2018 negatively affected revenue growth by about seven percentage points.

PayPal Holdings (NASDAQ: PYPL) reported a 31% jump in earnings for the first quarter of 2019.

Looking ahead into the second quarter of 2019, the company expects revenue in the range of $4.30 billion to $4.34 billion, earnings in the range of $0.50 to $0.52 per share, and adjusted earnings in the range of $0.68 to $0.70 per share. The revenue estimates included an expected decline of about 7 percentage points related to the sale of US consumer credit receivables to Synchrony.

For fiscal 2019, the company still predicts revenue in the range of $17.85 billion to $18.10 billion. Adjusted earnings guidance is lifted to the range of $2.94 to $3.01 per share from the prior range of $2.84 to $2.91 per share. GAAP earnings are now anticipated to be in the range of $1.97 to $2.05 per share. The revenue forecast included an expected decline of about 3.5 percentage points related to the sale of US consumer credit receivables to Synchrony.

The company now has 277 million customer accounts, including 22 million merchant accounts and over 40 million active Venmo accounts. Thanks to the new strategic relationships with some of the world’s largest marketplaces and platforms including Instagram and MercadoLibre.

Also read: eBay first-quarter earnings results

For the first quarter, PayPal had 9.3 million net new active accounts, an increase of 15% from the previous year quarter’s 8.1 million accounts. Payment transactions increased by 28% to 2.8 billion. Total payment volume was $161 billion, up 22% or 25% on the foreign-exchange-neutral basis. On a trailing twelve months basis, transactions per active account rose by 9% to 37.9.

On a foreign-exchange-neutral basis, Merchant Services volume grew by 29% while eBay Marketplaces volume declined by 4%, which represented 9.7% of total payment volume. Person-to-Person (P2P) volume grew 41% to $42 billion, representing 26% of total payment volume. Venmo processed $21 billion of TPV in the first quarter, growing 73% from a year ago.

Shares of PayPal ended Wednesday’s regular session up 0.30% at $107.22 on the Nasdaq. Following the earnings release, the stock inched down over 1% in the after-market session.

 

Get access to timely and accurate verbatim transcripts that are published within hours of the event.

Most Popular

CCL Earnings: Carnival Corp. Q4 2024 revenue rises 10%

Carnival Corporation & plc. (NYSE: CCL) Friday reported strong revenue growth for the fourth quarter of 2024. The cruise line operator reported a profit for Q4, compared to a loss

Key metrics from Nike’s (NKE) Q2 2025 earnings results

NIKE, Inc. (NYSE: NKE) reported total revenues of $12.4 billion for the second quarter of 2025, down 8% on a reported basis and down 9% on a currency-neutral basis. Net

FDX Earnings: FedEx Q2 2025 adjusted profit increases; revenue dips

Cargo giant FedEx Corporation (NYSE: FDX), which completed an organizational restructuring recently, announced financial results for the second quarter of 2025. Second-quarter earnings, excluding one-off items, were $4.05 per share,

Comments

  1. Pingback: Beverly Bultron
  2. Pingback: Alumni network
  3. Pingback: Political science
  4. Pingback: Pharmacy's Diploma
  5. Pingback: Teeth Whitening
  6. Pingback: fue
  7. Pingback: first term exams
  8. Pingback: Marketing program
  9. Pingback: attendance
  10. Pingback: Fiverr Earn
  11. Pingback: Fiverr Earn
  12. Pingback: Fiverr Earn
  13. Pingback: fiverrearn.com
  14. Pingback: fiverrearn.com
  15. Pingback: fiverrearn.com
  16. Pingback: fiverrearn.com
  17. Pingback: fiverrearn.com
  18. Pingback: flatbed broker
  19. Pingback: Seo marketing
  20. Pingback: Piano Removals
  21. Pingback: crypto news
  22. Pingback: sorority
  23. Pingback: micro frenchies
  24. Pingback: daftar multisbo
  25. Pingback: wix seo
  26. Pingback: frenchie puppies
  27. Pingback: six sigma
  28. Pingback: Warranty
  29. Pingback: FUE
  30. Pingback: FUE
  31. Pingback: Furniture assembly
  32. Pingback: where is bali
  33. Pingback: Classic Books 500
  34. Pingback: FiverrEarn
  35. Pingback: Fiverr.Com
  36. Pingback: FiverrEarn
  37. Pingback: pupuk organik
  38. Pingback: partners
  39. Pingback: puradrop reviews
  40. Pingback: FiverrEarn
  41. Pingback: FiverrEarn
  42. Pingback: FiverrEarn
  43. Pingback: FiverrEarn
  44. Pingback: A2 Milk
  45. Pingback: agriculture
  46. Pingback: FiverrEarn
  47. Pingback: FiverrEarn
  48. Pingback: cortexi scam
  49. Pingback: neurothrive scam
  50. Pingback: cheap sex cams
  51. Pingback: french bulldog
  52. Pingback: live sex cams
  53. Pingback: live sex cams
  54. Pingback: live sex cams
  55. Pingback: live sex cams
  56. Pingback: live sex cams
  57. Pingback: freeze dried
  58. Pingback: rare breed-trigger
  59. Pingback: 늑대닷컴
  60. Pingback: superslot
  61. Pingback: allgame
  62. Pingback: 918kiss
  63. Pingback: หวย24
  64. Pingback: Beauty essentials
  65. Pingback: pg slot
  66. Pingback: cybersécurité
  67. Pingback: game slot
  68. Pingback: Life Coach Chelsea
  69. Pingback: ItMe.Xyz
  70. Pingback: Bokeo Thailand
  71. Pingback: itme.xyz
  72. Pingback: itme.xyz
  73. Pingback: ItMe.Xyz
Add Comment
Loading...
Cancel
Viewing Highlight
Loading...
Highlight
Close
Top