Categories AlphaGraphs, Earnings, Finance

PYPL Earnings: PayPal reports higher revenue and profit for Q1 2024

PayPal Holdings Inc. (NASDAQ: PYPL) announced financial results for the first quarter of 2024, reporting an increase in revenues and adjusted profit. The top line also exceeded analysts’ estimates.

PayPal Q1 2024 earnings infographic

First-quarter revenues came in at $7.7 billion, compared to $7.04 billion in the corresponding period of 2023. Analysts were looking for a slower increase. For the second quarter, the company expects revenues to grow by around 6.5%.

Adjusted earnings were $1.08 per share in the three months, compared to $0.85 per share in the year-ago quarter. On a reported basis, net profit increased to $888 million or $0.83 per share in Q1 from $795 million or $0.70 per share last year.

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After blowout quarter, Nvidia (NVDA) looks set to continue riding the AI wave

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Target Corp. (TGT): A brief look at the retailer’s performance in Q1 2024

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