PayPal (PYPL) Tops Q2 EPS by 19c

PayPal (NASDAQ: PYPL) reported Q2 EPS of $1.07, $0.19 better than the analyst estimate of $0.88. Revenue for the quarter came in at $5.26 billion versus the consensus estimate of $4.99 billion.

• Total Payment Volume (TPV) of $222 billion, growing 29%, and 30% on an FX-neutral basis (FXN); revenue of $5.26 billion, growing 22%, and 25% FXN • GAAP EPS of $1.29, up 86% with non-GAAP EPS of $1.07, up 49% • Cash flow from operations of $2.4 billion, growing 103%, with free cash flow of $2.2 billion, growing 112% • 21.3 million Net New Active Accounts (NNAs) added; strongest quarter for NNAs in PayPal’s history

FY’20: Reinstating and raising full year guidance based on strong momentum

• • Q3’20 revenue growth expected to be ~23%, and ~25% FXN, consistent with Q2’20 • With year-to-date revenue growth of 17%, and 19% FXN, FY’20 revenue growth now expected to be ~20%, and ~22% FXN • FY’20 GAAP EPS growth expected to be ~25% with non-GAAP EPS growth of ~25% • Approximately 70 million NNAs expected to be added to PayPal’s platform in FY’20

For earnings history and earnings-related data on PayPal (PYPL) click here.

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