NASDAQ$PYPL
PayPal Holdings · Q3 2024 earnings
Q3 2024 earnings · · Investor relations
Briefing
PayPal delivered strong financial and operating results, made solid progress in transformation, brought new innovations to market, forged important partnerships, and drove awareness and engagement through new marketing campaigns.
PayPal reported a 6% increase in net revenues to $7.8 billion and a 22% increase in non-GAAP EPS to $1.20. Total payment volume increased by 9% to $422.6 billion. The company is raising its full year non-GAAP guidance.
- Net revenues increased 6% to $7.8 billion, or 6% currency-neutral.
- GAAP operating income increased 19% to $1.4 billion; non-GAAP operating income increased 18% to $1.5 billion.
- Total payment volume increased 9% to $422.6 billion, or 9% currency-neutral.
- Payment transactions increased 6% to 6.6 billion.
Headline financials
Revenue & EPS history
PayPal · Revenue · Quarterly
$7.85B
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 anticipates low single-digit revenue growth for Q4 2024, reflecting the impact of their price-to-value strategy and prioritization of profitable growth. GAAP EPS is expected to be between $1.03 and $1.07. Non-GAAP EPS is projected to decrease by a low to mid-single-digit percentage, influenced by increased marketing spend to support key initiatives and new products.
Tailwinds
- Revenue growth is expected to be in the low single-digit range.
- GAAP EPS is projected to be between $1.03 and $1.07.
- Company is prioritizing profitable growth.
- Company is focused on key initiatives and new products.
- Capital return program with stock repurchases.
Headwinds
- Non-GAAP EPS is expected to decrease by a low to mid-single-digit percentage.
- Elevated marketing spend to support key initiatives and new products will impact earnings.
- Strategic investment portfolio had a negative impact of ~$0.14 on GAAP EPS.
- General economic uncertainty could impact future results.
- Competition in the market remains intense.
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 2024
-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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