PayPal Q3 Earnings Highlights: Revenue Beat, EPS Beat And More
Portfolio Pulse from Chris Katje
PayPal Holdings (NASDAQ:PYPL) reported Q3 revenue of $7.4 billion, up 8% YoY, beating the Street consensus estimate of $7.38 billion. EPS was $1.30, up 20% YoY, beating the estimate of $1.23. Total payment volume was $387.7 billion, up 13% YoY. The company ended the quarter with 428 million total active accounts, down from 432 million YoY. PayPal also announced the appointment of Jamie Miller as CFO effective Nov. 6. The company's guidance for Q4 revenue is to be up 6% to 7% YoY.
November 01, 2023 | 8:43 pm
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PayPal's Q3 results beat estimates, with revenue and EPS both increasing YoY. The company also announced a new CFO, which could bring fresh perspectives.
PayPal's Q3 results exceeded expectations, which is generally a positive signal to investors. The appointment of a new CFO could also be seen as a positive move, potentially bringing new strategies and perspectives to the company. However, the decrease in total active accounts YoY could be a concern.
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