PayPal Holdings, Inc. (NASDAQ: PYPL) announced its financial results for the fourth quarter of 2024, showcasing a robust performance that exceeded Wall Street expectations. The earnings report highlighted that PayPal achieved revenues of $7.74 billion, marking a 12% increase year-over-year. The company also reported a GAAP operating income of $1.07 billion, with an operating margin of 13.8%. The earnings per share (EPS) came in at $1.32, surpassing analysts’ average estimate of $1.23. PayPal’s Chief Executive, Dan Schulman, remarked, “Our continued focus on delivering value to our customers and enhancing their payment experience has resulted in strong growth as we enter 2025.” The total payment volume for the quarter was reported at $378 billion, up 15% from the previous year. The company witnessed the active account base grow by 6% reaching 444 million. Additionally, PayPal announced a new partnership with Amazon, enabling users to pay directly with their PayPal balance on the e-commerce platform, which is expected to further drive customer engagement and transaction volume. In response to the results, shares of PayPal rose 10% in after-hours trading, reflecting investor optimism about the company’s future trajectory.
