PayPal Reports Q2 Adjusted Earnings of $0.93 Per Share

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)