PayPal reports solid third-quarter results, with total payment volume growing 25%

PayPal reports solid third-quarter results, with total payment volume growing 25%

5 years ago
Anonymous $xdcOWPpsb_

https://techcrunch.com/2019/10/23/paypal-reports-solid-third-quarter-results-with-total-payment-volume-growing-25/

PayPal reported third-quarter results today that were slightly ahead of analysts’ expectations, driven by an increase in total payment volume.

The company’s quarterly revenue grew 19% year-over-year to $4.38 billion. Its GAAP net income was 39 cents per share, or $462 million, a 7% year-over-year increase. On a non-GAAP basis, net income was 61 cents a share, a 5% increase.