PayPal: adjusted EPS up 22% in Q3
(CercleFinance.com) - PayPal reports adjusted sales of $7.
84bn for Q3, up 6% y-o-y. NB: pmt -6.5%.
Adjusted EBIT was up 18% at $1.47bn, with a margin up 1.9 pts, from 16.9% to 18.8%.
Adjusted net income (non-GAAP) came to $1.22bn, up 14%, for adjusted EPS of $1.2, up 22%. On a GAAP basis, EPS came to $0.99, up 6%.
We are revising upwards our non-GAAP guidance for the full year, and are pleased with the strength we are seeing across the business. We have built a solid foundation over the past year that will serve us well in the years to come, says CEO Alex Chriss.
In concrete terms, PayPal is now targeting an increase in its adjusted EPS for 2024 of between 16% and 19%, compared with an increase of between 13% and 16% previously.
Copyright (c) 2024 CercleFinance.com. All rights reserved.
84bn for Q3, up 6% y-o-y. NB: pmt -6.5%.
Adjusted EBIT was up 18% at $1.47bn, with a margin up 1.9 pts, from 16.9% to 18.8%.
Adjusted net income (non-GAAP) came to $1.22bn, up 14%, for adjusted EPS of $1.2, up 22%. On a GAAP basis, EPS came to $0.99, up 6%.
We are revising upwards our non-GAAP guidance for the full year, and are pleased with the strength we are seeing across the business. We have built a solid foundation over the past year that will serve us well in the years to come, says CEO Alex Chriss.
In concrete terms, PayPal is now targeting an increase in its adjusted EPS for 2024 of between 16% and 19%, compared with an increase of between 13% and 16% previously.
Copyright (c) 2024 CercleFinance.com. All rights reserved.