PayPal (PYPL) Tops Q1 EPS by 2c, Reaffirms FY Guidance

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Go back to PayPal (PYPL) Tops Q1 EPS by 2c, Reaffirms FY Guidance

PayPal Reports Strong First Quarter Results

April 27, 2016 4:06 PM EDT

23% FX-Neutral growth in Revenue

GAAP EPS increased 43% to $0.30 and non-GAAP EPS 28% on a pro forma basis to $0.37

SAN JOSE, Calif.--(BUSINESS WIRE)-- Global technology platform and payments leader PayPal Holdings, Inc. (Nasdaq: PYPL) today announced results for the first quarter ended March 31, 2016. For the quarter, PayPal gained market share, expanded its customer base, deepened engagement with merchants and consumers and delivered on its financial commitments.

Financial highlights for the first quarter include:

Revenue growth of 19% to $2.544 billion, or 23% on a foreign... More