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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).

Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.

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Comment14

  • HengHuat
    ·2022-08-04
    Hope it soars again
    Reply
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  • Kenwen
    ·2022-08-03
    K
    Reply
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  • Bel8680
    ·2022-08-03
    Ok
    Reply
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  • hiryan
    ·2022-08-03
    Hi Dr. uh
    Reply
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  • jerwy
    ·2022-08-03
    wow
    Reply
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  • ivanasorous
    ·2022-08-03
    Good news
    Reply
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  • Meeooww
    ·2022-08-03
    Ok
    Reply
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  • keaty
    ·2022-08-03
    Best
    Reply
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    • Gibbie
      yes
      2022-08-03
      Reply
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  • Tenten
    ·2022-08-03
    Wow
    Reply
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  • NPC69
    ·2022-08-03
    K
    Reply
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    • Meeooww
      k
      2022-08-03
      Reply
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  • simplekelvin
    ·2022-08-03
    Like
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    • jerwy
      ok
      2022-08-03
      Reply
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    • Joeljp
      ok
      2022-08-03
      Reply
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  • JoeKun
    ·2022-08-03
    Ok
    Reply
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    • JoeKun
      ok
      2022-08-03
      Reply
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  • jeff123
    ·2022-08-03
    Plse like
    Reply
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    • Jeremyyeojc
      gogo
      2022-08-04
      Reply
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    • jijimo
      [Smile]
      2022-08-03
      Reply
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    • Ahlec
      k
      2022-08-04
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  • MFME
    ·2022-08-03
    Yeay!!!
    Reply
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