PYPL Earnings: PayPal Soars on Q1 Beat - TipRanks.com

PayPal (NASDAQ:PYPL) shares surged over 6% following a robust Q1 performance that exceeded expectations. The company reported a 10% year-over-year increase in revenue to $7.7 billion and an EPS of $1.40, both surpassing estimates. This growth was fueled by a 14% rise in total payment volume and an 11% increase in payment transactions.

Despite a slight 1% decline in active accounts, PayPal saw a 13% increase in payment transactions per active account. The company also enjoyed a significant improvement in operating income and margin. Looking ahead, PayPal expects revenue growth of 7% next quarter and a mid to high single-digit EPS increase for the full year, reflecting adjustments in their non-GAAP calculation methodology.

Market response has been positive, with PayPal’s stock price already up nearly 31% over the past six months. Analysts maintain a Moderate Buy consensus on PYPL, with potential revisions to their outlooks following this strong earnings report.