Categories AlphaGraphs, Earnings, Finance
PYPL Earnings: PayPal Q3 2022 profit and revenue beat estimates
Payment solutions firm PayPal Holdings Inc. (NASDAQ: PYPL) announced financial results for the third quarter of 2022, reporting stronger-than-expected earnings and revenues.
Third-quarter revenues rose 11% year-over-year to $6.85 billion amid strong growth in payment volumes. The top line also exceeded consensus estimates.
The company reported adjusted earnings of $1.08 per share for the three-month period, compared to $1.11 per share in the corresponding period of last year. Analysts had predicted a smaller number. On a reported basis, it was a net profit of $1.33 billion or $1.15 per share, compared to $1.09 billion or $0.92 per share last year.
Check this space to read management/analysts’ comments on PayPal’s Q3 2022 results
“We delivered strong third quarter results. We will continue to invest against our key priorities to advance our leading position in digital payments and commerce. We’re very pleased to be working with Apple to enhance our offerings for our PayPal and Venmo merchants and consumers,” said PayPal’s CEO Dan Schulman.
Prior Performance
_________________________________________________________________________________________________________________
Stocks you may like:
_________________________________________________________________________________________________________________
Most Popular
Adobe (ADBE) Q2 adjusted earnings rise on higher revenues
Adobe Inc. (NASDAQ: ADBE) on Thursday reported an increase in revenue and adjusted profit for the second quarter of 2025, amid continued growth in its subscription-based business. The design software
ORCL Earnings: Highlights of Oracle’s Q4 2025 financial report
Technology giant Oracle Corporation (NYSE: ORCL) has reported higher revenues and adjusted earnings for the fourth quarter of 2025. Total revenues increased to $15.9 billion in the May quarter from
Key highlights from Chewy’s (CHWY) Q1 2025 earnings results
Chewy, Inc. (NYSE: CHWY) reported its first quarter 2025 earnings results today. Net sales of $3.12 billion increased 8.3% year-over-year. Net income decreased 6.7% to $62.4 million compared to last