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PayPal Holdings Earnings, Revenue Beat in Q3

Published Nov 02, 2020 04:24PM ET Updated Nov 02, 2020 05:09PM ET
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By Yasin Ebrahim

Investing.com - PayPal reported on Monday third-quarter results that beat analysts' forecasts and revenue that topped expectations.

PayPal Holdings Inc shares fell nearly 6% in after-hours trade following the report.

PayPal (NASDAQ:PYPL) Inc announced earnings per share of $1.07 on revenue of $5.46 billion. Analysts polled by Investing.com anticipated EPS of $0.94 on revenue of $5.42 billion.

Total payment volume grew 38% to $247 billion, beating estimates of $232.26 billion, while 15.2 million net new accounts were added, taking the total to 361 million active accounts.
For full-year 2020, the company estimated EPS growth now expected in the range of 37%-to-38% and non-GAAP EPS growth in the range of 27%-to-28%.
Total payment growth is now expected to be approximately 30%, with revenue growth in a range of 20%-to-21% on an addition of 70 million net new accounts for 2020.

Stay up-to-date on all of the upcoming earnings reports by visiting Investing.com's earnings calendar

PayPal Holdings Earnings, Revenue Beat in Q3
 

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