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.

Prior Performance

Listen to the conference calls as they happen. Don't miss a beat! With AlphaStreet Intelligence, you can listen to live calls and interviews as they happen, so you never have to worry about missing out on important information.

Most Popular

INTU Earnings: Intuit Q3 2024 revenue and adj. profit top expectations

Intuit Inc. (NASDAQ: INTU) Thursday reported an increase in adjusted earnings and revenues for the third quarter of 2024. The results also exceeded analysts' estimates. At $6.74 billion, the Mountain

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

Shares of NVIDIA Corporation (NASDAQ: NVDA) rallied this week after the semiconductor giant reported robust first-quarter numbers. Being a first mover in artificial intelligence chips, the company is spearheading the

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

Shares of Target Corporation (NYSE: TGT) rose over 1% on Thursday. The stock has dropped over 11% in the past one month. The company delivered mixed results for the first

Add Comment
Loading...
Cancel
Viewing Highlight
Loading...
Highlight
Close
Top