"The numbers told a clear story of broad-based momentum. PayPal beat on both earnings and revenue, with non-GAAP EPS of $1.34 versus expectations of $1.20 (a 12% year-over-year gain). Revenue landed at $8.42 billion, above the $8.23 billion consensus and up 7.3% annually. Transaction margin dollars excluding interest grew 7%, accelerating from the prior quarter and reinforcing management's confidence to raise full-year guidance."
"Venmo is hitting an inflection. Total payment volume grew 14% in Q3, continuing acceleration from 12% in Q2 and 9% in 2024. Pay with Venmo crossed $1 billion in TPV in September alone, with monthly active accounts up nearly 25% in the quarter. The debit card attracted 1 million first-time users in Q3, driven by college partnerships, and monthly active debit users grew over 40%."
PayPal reported stronger-than-expected results with non-GAAP EPS of $1.34 and revenue of $8.42 billion, showing 7.3% annual growth. Transaction margin dollars excluding interest increased 7%, prompting raised full-year confidence. Growth drivers diversified across branded experiences, PSP and Venmo, with monthly active accounts up 2% and transactions per active account (excluding PSP) rising 5%. Venmo delivered accelerating TPV growth (14% in Q3), Pay with Venmo surpassed $1 billion TPV in September, and debit card adoption surged with 1 million new users and over 40% growth in monthly active debit users. Venmo revenue is on pace for $1.7 billion this year, and average revenue per monthly active account exceeds $25.
Read at 24/7 Wall St.
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