PayPal Holdings Inc. (NASDAQ: PYPL) announced financial results for the third quarter of 2024, reporting an increase in revenues and adjusted profit.
Third-quarter revenues came in at $7.85 billion, compared to $7.42 billion in the corresponding period of 2023. For the fourth quarter, the company expects revenues to grow in low-single-digits.
Adjusted earnings were $1.20 per share in the September quarter, compared to $0.98 per share in the year-ago quarter. On a reported basis, net profit was $1.01 billion or $0.99 per share in Q3, vs. $1.02 billion or $0.93 per share last year.