Reuters
2022.08.03 05:02

PayPal Reports Q2 Adjusted Earnings of $0.93 Per Share

Aug 2 (Reuters) - PayPal Holdings Inc:

Aug 2 (Reuters) - PayPal Holdings Inc (PYPL.O) :

  • PAYPAL - QUARTERLY ADJUSTED EPS $0.93

  • QUARTERLY GAAP LOSS PER SHARE $0.29

  • QUARTERLY NET REVENUE $6.8 BILLION, GROWING 9% AND 10% ON AN FX-NEUTRAL BASIS

  • FY 2022 REVENUE EXPECTED TO REACH ABOUT $27.85 BILLION WITH TPV OF ABOUT $1.4 TRILLION

  • BLAKE JORGENSEN APPOINTED CHIEF FINANCIAL OFFICER (CFO), EFFECTIVE AUGUST 3

  • CHIEF PRODUCT OFFICER (CPO) MARK BRITTO RETIRING AT END OF YEAR; NEW CPO SEARCH UNDERWAY

  • QUARTERLY TOTAL PAYMENT VOLUME (TPV) OF $339.8 BILLION, GROWING 9% AND 13% FXN

  • PAYPAL - ELLIOTT INVESTMENT MANAGEMENT SAYS IT IS ONE OF PAYPAL’S LARGEST INVESTORS, WITH AN ABOUT $2 BILLION INVESTMENT

  • FY GAAP EPS EXPECTED TO BE ABOUT $1.52-$1.62

  • RAISING EXPECTED FY NON-GAAP EPS TO ABOUT $3.87-$3.97

  • ANNOUNCING AN INVIGORATED CAPITAL RETURN PROGRAM, INCLUDING A NEW $15 BILLION SHARE REPURCHASE AUTHORIZATION

  • Q3 NET REVENUE EXPECTED TO REACH $6.80 BILLION, GROWING ABOUT 10% ON A SPOT BASIS AND ABOUT 12% FXN

  • ENTERING INTO AN INFORMATION SHARING AGREEMENT WITH ELLIOTT INVESTMENT MANAGEMENT L.P.

  • FY’22 SHARE REPURCHASES EXPECTED TO REACH ABOUT $4.0 BILLION

  • SEES Q3 GAAP EARNINGS PER SHARE ABOUT $0.61-$0.63; SEES Q3 NON-GAAP EARNINGS PER SHARE ABOUT $0.94-$0.96

  • FY’22 FINANCIAL OUTLOOK INCORPORATES ABOUT $900 MILLION OF SAVINGS ACROSS TRANSACTIONAL AND NON-TRANSACTIONAL OPERATING EXPENSES

  • ON ANNUALIZED BASIS, FY22 SAVINGS, IN CONJUNCTION WITH ADDITIONAL INITIATIVES, EXPECTED TO GENERATE SAVINGS OF AT LEAST ABOUT $1.3 BILLION IN FY23

  • Q3 EARNINGS PER SHARE VIEW $0.95, REVENUE VIEW $7.02 BILLION – REFINITIV IBES DATA

  • FY2022 EARNINGS PER SHARE VIEW $3.82, REVENUE VIEW $28.18 BILLION – REFINITIV IBES DATA

  • Q2 EARNINGS PER SHARE VIEW $0.86, REVENUE VIEW $6.79 BILLION – REFINITIV IBES DATA Further company coverage: (PYPL.O)

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