{"id":14726,"date":"2024-04-30T17:32:35","date_gmt":"2024-04-30T12:02:35","guid":{"rendered":"https:\/\/bigbreakingwire.in\/paypals-q1-fy24-report-revenue-hits-7-7b-eps-at-1-08-strategic-shift-for-2024\/"},"modified":"2024-04-30T17:32:35","modified_gmt":"2024-04-30T12:02:35","slug":"paypals-q1-fy24-report-revenue-hits-7-7b-eps-at-1-08-strategic-shift-for-2024","status":"publish","type":"post","link":"https:\/\/bigbreakingwire.in\/paypals-q1-fy24-report-revenue-hits-7-7b-eps-at-1-08-strategic-shift-for-2024\/","title":{"rendered":"PayPal&#8217;s Q1 FY24 Report: Revenue Hits $7.7B, EPS at $1.08, Strategic Shift for 2024"},"content":{"rendered":"<div style=\"margin-top: 0px; margin-bottom: 0px;\" class=\"sharethis-inline-share-buttons\" ><\/div>\n<p>PayPal Q1 FY24 Earnings Highlights<\/p>\n\n\n\n<ul class=\"wp-block-list\">\n<li>Adjusted earnings per share (EPS) stood at $1.08, falling short of the estimated $1.21.<\/li>\n\n\n\n<li>Revenue reached $7.7 billion, surpassing estimates and showing a 9.4% year-over-year increase.<\/li>\n\n\n\n<li>Total payment volume reached $403.9 billion, exceeding estimates and marking a 14% year-over-year increase.<\/li>\n\n\n\n<li>Adjusted operating income was $1.40 billion, below the estimated $1.55 billion.<\/li>\n\n\n\n<li>The company reported 6.51 billion payment transactions, slightly above the estimated 6.45 billion.<\/li>\n\n\n\n<li>Free cash flow for the quarter was $1.8 billion.<\/li>\n<\/ul>\n\n\n\n<p>Guidance for FY24 included:<\/p>\n\n\n\n<ul class=\"wp-block-list\">\n<li>Anticipated mid-to-high single-digit percentage growth in adjusted EPS, contrasting with the previous forecast of flat growth.<\/li>\n\n\n\n<li>Expected second-quarter revenue growth of 7% on a foreign exchange-neutral basis, aligning with market expectations.<\/li>\n<\/ul>\n\n\n\n<p>Additional highlights:<\/p>\n\n\n\n<ul class=\"wp-block-list\">\n<li>Active accounts totaled 427 million, showing a 1% year-over-year decrease.<\/li>\n\n\n\n<li>Monthly active accounts increased by 2% to 220 million.<\/li>\n\n\n\n<li>Payment transactions per active account rose to 60.0, reflecting a 13% year-over-year increase.<\/li>\n<\/ul>\n\n\n\n<p>Segment performance for Q1:<\/p>\n\n\n\n<ul class=\"wp-block-list\">\n<li>Transaction revenue amounted to $7.03 billion, surpassing the estimated $6.79 billion.<\/li>\n\n\n\n<li>Value-Added Services revenue was $665 million, lower than the estimated $723.3 million.<\/li>\n\n\n\n<li>US net revenue reached $4.47 billion, surpassing the estimated $4.37 billion.<\/li>\n\n\n\n<li>International net revenue was $3.23 billion, exceeding the estimated $3.12 billion.<\/li>\n<\/ul>\n\n\n\n<p>Operational highlights included:<\/p>\n\n\n\n<ul class=\"wp-block-list\">\n<li>An operating margin of 18.2% (Non-GAAP), representing an 84 basis points year-over-year increase.<\/li>\n\n\n\n<li>Cash flow from operations totaled $1.9 billion, significantly higher than the previous year.<\/li>\n\n\n\n<li>$1.5 billion was returned to stockholders through share buybacks in Q1.<\/li>\n<\/ul>\n\n\n\n<p>CEO Alex Chriss commented: &#8220;2024 remains a transition year, and we are focused on execution \u2013 driving our key strategic initiatives, realizing cost-savings, and reinvesting appropriately.&#8221;<\/p>\n","protected":false},"excerpt":{"rendered":"<p>PayPal Q1 FY24 Earnings Highlights Guidance for FY24 included: Additional highlights: Segment performance for Q1: Operational highlights included: CEO Alex Chriss commented: &#8220;2024 remains a&#8230;<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_lmt_disableupdate":"","_lmt_disable":"","_jetpack_memberships_contains_paid_content":false,"footnotes":"","jetpack_publicize_message":"","jetpack_publicize_feature_enabled":true,"jetpack_social_post_already_shared":true,"jetpack_social_options":{"image_generator_settings":{"template":"highway","enabled":false},"version":2}},"categories":[618,616,619],"tags":[1824,3864,3618,1365,1527,1507,1360,3867,3865,1042,3863,1240,3866,1987],"class_list":["post-14726","post","type-post","status-publish","format-standard","hentry","category-brokerage-reports","category-stock-in-news","category-stocks-in-news","tag-1824","tag-active-accounts","tag-ceo-commentary","tag-earnings-report","tag-eps","tag-guidance","tag-operating-income","tag-operational-highlights","tag-payment-volume","tag-paypal","tag-q1-fy24","tag-revenue","tag-segment-performance","tag-strategic-shift","entry","rows"],"jetpack_publicize_connections":[],"modified_by":null,"jetpack_featured_media_url":"","jetpack_shortlink":"https:\/\/wp.me\/pfgCxS-3Pw","jetpack_sharing_enabled":true,"jetpack_likes_enabled":false,"_links":{"self":[{"href":"https:\/\/bigbreakingwire.in\/wp-json\/wp\/v2\/posts\/14726","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/bigbreakingwire.in\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/bigbreakingwire.in\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/bigbreakingwire.in\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/bigbreakingwire.in\/wp-json\/wp\/v2\/comments?post=14726"}],"version-history":[{"count":0,"href":"https:\/\/bigbreakingwire.in\/wp-json\/wp\/v2\/posts\/14726\/revisions"}],"wp:attachment":[{"href":"https:\/\/bigbreakingwire.in\/wp-json\/wp\/v2\/media?parent=14726"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/bigbreakingwire.in\/wp-json\/wp\/v2\/categories?post=14726"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/bigbreakingwire.in\/wp-json\/wp\/v2\/tags?post=14726"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}