PayPal Holdings, the Nasdaq-listed payments giant, recently report Financial results for the second quarter of 2022 (Q2 2022). The company’s net revenue was his $6.8 billion, up nearly 9% year-over-year.
PayPal’s Total Payment Value (TPV) reached $339.8 billion during the reported period. Nearly 12% surge to $1.5 billion in operating cash flow in the second quarter. Overall payment transactions reached 5.5 billion in Q2, up 16% year-over-year.
PayPal’s shares rose nearly 13% in extended trading hours on Tuesday after Elliot Management confirmed a $2 billion investment in the company. Elliot Management recently became a prominent investor in Pinterest.
Our second quarter results were solid, with currency-neutral earnings and better-than-expected non-GAAP earnings growth. , said PayPal President and CEO Dan Shulman.
We are advancing our priorities and continuously improving our cost structure. The cash flow generating power of our business is a strategic competitive advantage. We are focused on creating and strengthening our position as the world’s leading digital payments platform,” said Gabriel Rabinovich, interim CFO and senior vice president of Corporate Finance and Investor Relations at PayPal. increase.
In April 2022, John Rainey announced his departure from PayPal. He served as the company’s Chief Financial Officer.
Outlook
For the full year 2022, PayPal expects strong growth across various business segments. The company expects sales to grow by about 10% in 2022.
“GAAP EPS [is] Expected $1.52-$1.62, with expected non-GAAP EPS rising to $3.87-$3.97. Total payment volume (TPV) is expected to grow by 12% on a spot basis and 16% on FXN. Nearly 10 million Net New Actives (NNAs) [is] It will be added in FY22,” PayPal said.
PayPal Holdings, the Nasdaq-listed payments giant, recently report Financial results for the second quarter of 2022 (Q2 2022). The company’s net revenue was his $6.8 billion, up nearly 9% year-over-year.
PayPal’s Total Payment Value (TPV) reached $339.8 billion during the reported period. Nearly 12% surge to $1.5 billion in operating cash flow in the second quarter. Overall payment transactions reached 5.5 billion in Q2, up 16% year-over-year.
PayPal’s shares rose nearly 13% in extended trading hours on Tuesday after Elliot Management confirmed a $2 billion investment in the company. Elliot Management recently became a prominent investor in Pinterest.
Our second quarter results were solid, with currency-neutral earnings and better-than-expected non-GAAP earnings growth. , said PayPal President and CEO Dan Shulman.
We are advancing our priorities and continuously improving our cost structure. The cash flow generating power of our business is a strategic competitive advantage. We are focused on creating and strengthening our position as the world’s leading digital payments platform,” said Gabriel Rabinovich, interim CFO and senior vice president of Corporate Finance and Investor Relations at PayPal. increase.
In April 2022, John Rainey announced his departure from PayPal. He served as the company’s Chief Financial Officer.
Outlook
For the full year 2022, PayPal expects strong growth across various business segments. The company expects sales to grow by about 10% in 2022.
“GAAP EPS [is] Expected between $1.52-$1.62, expected non-GAAP EPS rises to $3.87-$3.97. Total payment volume (TPV) is expected to grow by 12% on a spot basis and 16% on FXN. Nearly 10 million Net New Actives (NNAs) [is] It will be added in FY22,” PayPal said.