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PayPal (PYPL) Tops Q2 EPS by 21c, Offers Guidance

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July 30, 2024 7:03 AM EDT

PayPal (NASDAQ: PYPL) reported Q2 EPS of $1.19, $0.21 better than the analyst estimate of $0.98. Revenue for the quarter came in at $7.9 billion versus the consensus estimate of $7.82 billion.

Financial Guidance
Presented in millions, except per share data and percentagesJuly 2024
Guidance		April 2024
Guidance		Prior year
period
3Q'24
Revenue growthMid-single-digitN/A$7,418
GAAP EPS$0.96 - $0.98N/A
$0.93
Non-GAAP EPS growth1
High single-digitN/A
$0.98
FY'24
GAAP EPS2
$3.88 - $3.98Approximately $3.65
$3.84
Non-GAAP EPS growth3
Low to mid-teensMid- to high-single digit
$3.83
Please see "Non-GAAP Financial Measures" and "Non-GAAP Measures of Financial Performance" for reconciliations of non-GAAP financial measures to the most directly comparable GAAP financial measures and important additional information.
1. Estimated non-GAAP amounts for the three months ending September 30, 2024 reflect adjustments of approximately $120 million.
2. In 2023, GAAP EPS included positive impacts of approximately $0.24 from the gain on sale of Happy Returns and approximately $0.14 from PayPal’s strategic investment portfolio.
3. Estimated non-GAAP amounts for the twelve months ending December 31, 2024 reflect adjustments of approximately $530 million, including restructuring charges of $258 million incurred during the six months ended June 30, 2024.

For earnings history and earnings-related data on PayPal (PYPL) click here.


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