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3w ago

PayPal Tops Q2 Earnings Estimates and Lifts Full-Year Outlook

Fueled by six consecutive quarters of margin growth alongside surging Venmo revenue, PayPal raised its full-year outlook.

A smartphone with the PayPal logo is placed on a laptop in this illustration taken on July 14, 2021. REUTERS/Dado Ruvic/Illustration/File Photo
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Overview

  • PayPal reported adjusted earnings per share of $1.40 for Q2, surpassing the $1.30 consensus estimate, alongside revenue of $8.29 billion that exceeded projections.
  • Transaction margin dollars rose by 7% to $3.84 billion, marking the sixth straight quarter of margin expansion under CEO Alex Chriss.
  • Venmo revenue grew by more than 20% year-over-year while total payment volume climbed 6% to $443.6 billion.
  • The company lifted its full-year adjusted EPS guidance to $5.15–$5.30 and projected Q3 adjusted EPS of $1.18–$1.22 with transaction margin dollars of $3.76–$3.82 billion.
  • PayPal rolled out a crypto checkout feature linking personal cryptocurrency wallets to merchant pages as branded checkout growth decelerated to 5%.