Categories AlphaGraphs, Earnings, Finance
PayPal reports higher revenue and profit for Q2 2024; results beat estimates
PayPal Holdings Inc. (NASDAQ: PYPL) announced financial results for the second quarter of 2024, reporting an increase in revenues and adjusted profit. The numbers also exceeded analysts’ estimates.
Second-quarter revenues came in at $7.9 billion, compared to $7.3 billion in the corresponding period of 2023, and topped expectations. For the third quarter, the company expects revenues to grow in mid-single-digits.
Adjusted earnings were $1.19 per share in the three months, compared to $0.87 per share in the year-ago quarter. On a reported basis, net profit increased to $1.13 billion or $1.08 per share in Q2 from $1.03 billion or $0.92 per share last year.
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