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PayPal Holdings Third Quarter 2024 Earnings: In Line With Expectations

PayPal Holdings ( NASDAQ:PYPL ) Third Quarter 2024 Results Key Financial Results Revenue: US$7.85b (up 5.8% from 3Q... Read More...
  • Revenue: US$7.85b (up 5.8% from 3Q 2023).

  • Net income: US$1.01b (down 1.0% from 3Q 2023).

  • Profit margin: 13% (in line with 3Q 2023).

  • EPS: US$0.99.

earnings-and-revenue-growth
earnings-and-revenue-growth

All figures shown in the chart above are for the trailing 12 month (TTM) period

Revenue was in line with analyst estimates. Earnings per share (EPS) was also in line with analyst expectations.

Looking ahead, revenue is forecast to grow 6.7% p.a. on average during the next 3 years, compared to a 4.6% growth forecast for the Diversified Financial industry in the US.

Performance of the American Diversified Financial industry.

The company’s share price is broadly unchanged from a week ago.

Just as investors must consider earnings, it is also important to take into account the strength of a company’s balance sheet. See our latest analysis on PayPal Holdings’ balance sheet health.

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This article by Simply Wall St is general in nature. We provide commentary based on historical data and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. We aim to bring you long-term focused analysis driven by fundamental data. Note that our analysis may not factor in the latest price-sensitive company announcements or qualitative material. Simply Wall St has no position in any stocks mentioned.

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