Categories AlphaGraphs, Earnings, Finance

PYPL Earnings: PayPal Holdings Q3 revenue up 13%; profit beats estimates

Payment solutions firm PayPal Holdings Inc. (NASDAQ: PYPL) reported stronger-than-expected earnings for the third quarter of 2021. The company’s stock gained during Monday’s extended trading session soon after the announcement.

Total payment volumes grew 26% year-over-year to $310 billion in the September quarter. Consequently, total revenues moved up 13% to $6.18 billion. Analysts had forecast a faster top-line growth.

Adjusted profit rose to $1.11 per share from last year’s $1.07 per share and exceeded expectations. Net income, including special items, was $1.08 billion or $0.92 per share, compared to $1.02 billion or $0.86 per share in the third quarter of 2020.

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

PayPal’s shares closed Monday’s regular trading session higher, after gaining around 22% since the beginning of the year.

Prior Performance

  • paypal Q3 2020 earnings


Stocks you may like:

Apple (AAPL) Stock

Microsoft (MSFT) Stock

Alphabet (GOOGL) Stock

International Business Machines Corp. (IBM) Stock


Most Popular

Thermo Fisher Scientific (TMO) Q4 earnings drop despite higher revenues

Thermo Fisher Scientific Inc. (NYSE: TMO) announced fourth-quarter 2022 financial results, reporting a double-digit fall in adjusted earnings and an increase in revenues. Fourth-quarter revenues increased 7% annually to $11.5

Altria Group (MO) Q4 2022 Earnings: Key financials and quarterly highlights

Altria Group Inc. (NYSE: MO) reported fourth quarter 2022 earnings results today. Net revenues decreased 2.3% year-over-year to $6.1 billion. Net earnings attributable to Altria increased 65.6% to $2.6 billion

AMD Earnings: Advanced Micro Devices Q4 revenue up 16%, profit drops

Semiconductor company Advanced Micro Devices, Inc. (NASDAQ: AMD) reported a decline in fourth-quarter earnings, despite an increase in revenues. Earnings, excluding special items, dropped to $0.69 per share in the

Add Comment
Viewing Highlight