PayPal Stock Surges 12% in Morning Trading on Q2 Earnings Beat

Tiger Newspress2022-08-03

PayPal Stock Surges 11.7% in Morning Trading on Q2 Earnings Beat.

Revenue grew 9% (up 10% on an FX-neutral basis) to $6.8 billion, compared to the consensus estimate of $6.77 billion. Excluding eBay, revenue grew 14% year-over-year.

Total Payment Volume (TPV) grew 9% year-over-year (up 13% on an FX-neutral basis) to $339.8 billion.

The company expects Q3/22 EPS in the range of $0.94-$0.96, compared to the consensus estimate of $0.97. Q3 net revenue is expected to reach $6.80 billion, representing a 10% year-over-year growth (or 12% on an FX-neutral basis). Revenue excluding eBay is expected to grow approximately 12% (or 13.5% on an FX-neutral basis).

For the full 2022-year, the company expects EPS in the range of $3.87-$3.97, compared to the consensus estimate of $3.85. TPV is expected to grow approximately 12% (or 16% on an FX-neutral basis) to around $1.4 trillion. Net revenue is expected to reach $27.85 billion, representing approximately 10% year-over-year growth (or 11% on an FX-neutral basis). Revenue excluding eBay is expected to grow approximately 13.5% year-over-year (or 14.5% on an FX-neutral basis).

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