PayPal (PYPL) Tops Q2 EPS by 21c, Offers Guidance
PayPal (NASDAQ: PYPL) reported Q2 EPS of $1.19, $0.21 better than the analyst estimate of $0.98. Revenue for the quarter came in at $7.9 billion versus the consensus estimate of $7.82 billion.
Financial Guidance
| Presented in millions, except per share data and percentages | July 2024 Guidance | April 2024 Guidance | Prior year period | ||||||||
3Q'24 | |||||||||||
| Revenue growth | Mid-single-digit | N/A | $7,418 | ||||||||
| GAAP EPS | $0.96 - $0.98 | N/A | $0.93 | ||||||||
Non-GAAP EPS growth1 | High single-digit | N/A | $0.98 | ||||||||
FY'24 | |||||||||||
GAAP EPS2 | $3.88 - $3.98 | Approximately $3.65 | $3.84 | ||||||||
Non-GAAP EPS growth3 | Low to mid-teens | Mid- to high-single digit | $3.83 | ||||||||
Please see "Non-GAAP Financial Measures" and "Non-GAAP Measures of Financial Performance" for reconciliations of non-GAAP financial measures to the most directly comparable GAAP financial measures and important additional information.
1. Estimated non-GAAP amounts for the three months ending September 30, 2024 reflect adjustments of approximately $120 million.
2. In 2023, GAAP EPS included positive impacts of approximately $0.24 from the gain on sale of Happy Returns and approximately $0.14 from PayPal’s strategic investment portfolio.
3. Estimated non-GAAP amounts for the twelve months ending December 31, 2024 reflect adjustments of approximately $530 million, including restructuring charges of $258 million incurred during the six months ended June 30, 2024.
For earnings history and earnings-related data on PayPal (PYPL) click here.