NASDAQ$PYPL
PayPal Holdings · Q3 2021 earnings
Q3 2021 earnings · · Investor relations
Briefing
Demonstrated solid growth on top of a record year, teaming up with Amazon to enable customers in the U.S. to pay with Venmo at checkout.
PayPal Holdings, Inc. reported Q3 2021 results with a TPV of $310 billion, a growth of 26%, and 416 million active accounts. Net revenue was $6.18 billion, up 13%, with a GAAP EPS of $0.92 and a non-GAAP EPS of $1.11.
- TPV reached $310 billion, growing 26%, and 24% on an FX-neutral basis.
- Net revenue of $6.18 billion, growing 13% on a spot and FXN basis.
- GAAP EPS of $0.92 compared to $0.86 in Q3’20; non-GAAP EPS of $1.11 compared to $1.07 in Q3’20.
- Added 13.3 million Net New Active Accounts (NNAs), ending the quarter with 416 million active accounts.
Headline financials
Revenue & EPS history
PayPal · Revenue · Quarterly
$6.18B
Revenue by segment
PayPal · $7.42B total across 2 segments · Q3 2023
- Transaction revenue$6.65B—89.7%
- Other value-added$764M—10.3%
Forward guidance
PayPal provided financial guidance for Q4 2021 and full year 2021.
Tailwinds
- Net revenue expected to be in the range of ~$6.85 billion to ~$6.95 billion, representing growth of ~12%-14% at current spot rates for Q4 2021.
- Non-GAAP diluted earnings per share to grow ~4% to ~$1.12 for Q4 2021.
- Expects to add ~55 million NNAs, including ~3 million active accounts from the acquisition of Paidy for FY'21
- TPV growth to be in the range of ~33%-34% at current spot rates and ~31%-32% on an FXN basis for FY'21.
- Net revenue to be in the range of ~$25.3 billion to ~$25.4 billion, representing growth of ~18% at current spot rates and ~17% on an FXN basis for FY'21.
Headwinds
- GAAP diluted earnings per share to be ~$0.79, compared to $1.32 in the prior year period for Q4 2021.
- GAAP EPS guidance does not include any expectation of net realized and unrealized gains and losses on PayPal’s strategic investment portfolio for Q4 2021.
- GAAP EPS to be ~$3.62 for FY'21.
- GAAP EPS guidance includes ~$0.24 of net realized and unrealized gains on PayPal’s strategic investment portfolio for FY'21.
- Estimated non-GAAP amounts for the twelve months ending December 31, 2021 reflect adjustments of approximately $2.1 billion.
Historical earnings impact
How earnings announcements have historically affected this stock's price.
Avg. return before/after earnings
Based on 20 quarterly earnings reports · overlaid with Q3 2021
-0.4%
Avg return
Earnings day
-1.8%
Avg return
5 days after
-1.1%
Avg return
30 days after
56%
28 / 50 earnings
Positive
+16.6%
Q1 2020
Best reaction
-22.9%
Q4 2021
Worst reaction
| Quarter | Report date | Reaction (Day 0) | +5 days | +30 days |
|---|---|---|---|---|
| Q1 2026 | +0.3% | -10.0% | -15.2% | |
| Q4 2025 | -20.1% | -22.8% | -9.0% | |
| Q3 2025 | +4.7% | -1.4% | -12.0% | |
| Q2 2025 | -8.7% | -14.2% | -10.4% | |
| Q1 2025 | +2.1% | +3.6% | +9.2% | |
| Q4 2024 | -13.2% | -13.6% | -23.9% | |
| Q3 2024 | -6.4% | -7.6% | +3.6% | |
| Q2 2024 | +11.6% | +5.2% | +24.1% | |
| Q1 2024 | -1.3% | -1.9% | -6.7% | |
| Q4 2023 | -11.9% | -5.7% | -7.4% | |
| Q3 2023 | +6.3% | +5.4% | +15.2% | |
| Q2 2023 | -15.0% | -14.7% | -15.8% | |
| Q1 2023 | -12.1% | -17.7% | -14.6% | |
| Q4 2022 | +1.4% | -3.1% | -7.9% | |
| Q3 2022 | -5.4% | +2.1% | -6.0% | |
| Q2 2022 | +10.6% | +7.6% | +4.6% | |
| Q1 2022 | +10.0% | +9.4% | +1.8% | |
| Q4 2021 | -22.9% | -26.7% | -41.1% | |
| Q3 2021 | -9.0% | -7.7% | -12.6% | |
| Q2 2021 | -5.8% | -9.8% | -7.4% | |
| Q1 2021 | +0.7% | -2.6% | +5.1% | |
| Q4 2020 | +8.6% | +13.3% | -4.0% | |
| Q3 2020 | -3.4% | +8.9% | +14.2% | |
| Q2 2020 | +9.2% | +11.8% | +16.0% | |
| Q1 2020 | +16.6% | +14.8% | +24.4% | |
| Q4 2019 | +0.5% | -0.0% | -7.3% | |
| Q3 2019 | +7.8% | +9.5% | +4.5% | |
| Q2 2019 | -4.2% | -7.3% | -11.8% | |
| Q1 2019 | +3.1% | +5.2% | +2.8% | |
| Q4 2018 | -2.6% | +0.6% | +8.4% | |
| Q3 2018 | +5.9% | +9.3% | +6.2% | |
| Q2 2018 | -2.5% | -9.9% | -1.4% | |
| Q1 2018 | +1.0% | -0.9% | +7.5% | |
| Q4 2017 | -6.4% | -10.8% | -5.9% | |
| Q3 2017 | +5.5% | +4.4% | +13.6% | |
| Q2 2017 | +3.2% | +0.5% | +2.9% | |
| Q1 2017 | +5.5% | +6.3% | +14.5% | |
| Q4 2016 | -3.5% | -4.6% | +3.3% | |
| Q3 2016 | +9.7% | +7.6% | -0.4% | |
| Q2 2016 | -6.6% | -5.9% | -4.9% | |
| Q1 2015 | -2.1% | — | — | |
| Q1 2016 | +0.9% | — | — | |
| Q4 2014 | +4.3% | — | — | |
| Q4 2015 | +7.1% | — | — | |
| Q3 2014 | -1.4% | — | — | |
| Q3 2015 | -0.1% | — | — | |
| Q2 2015 | +2.3% | — | — | |
| Q4 2013 | +2.3% | — | — | |
| Q2 2014 | +2.3% | — | — | |
| Q1 2014 | +2.3% | — | — |
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