PayPal Holdings Inc (BUE:PYPL)

ARS 12475 -825 (-6.2%) Market Cap: 86.64 Tn Enterprise Value: 84.63 Tn PE Ratio: 19.89 PB Ratio: 4.16 GF Score: 91/100

Q3 2024 PayPal Holdings Inc Earnings Call Transcript

Oct 29, 2024 / 12:00PM GMT

Release Date Price: ARS11600 (-3.93%)

Transcript 10-Q8-K

Key Points

Positve

PayPal Holdings Inc (PYPL) reported a 9% growth in total payment volume, reaching $423 billion.
The company delivered $7.8 billion in revenue, growing 6% on a currency-neutral basis.
Non-GAAP earnings per share increased by 22% year over year, translating into significant free cash flow.
PayPal Holdings Inc (PYPL) announced new partnerships with major players like Amazon, Shopify, and Global Payments, enhancing its commerce platform.
The company is seeing promising early results from innovations like Fastlane and PayPal Everywhere, with over 1,000 merchants using Fastlane since its launch.

Negative

PayPal Holdings Inc (PYPL) is experiencing a deliberate slowdown in Braintree volume and revenue growth as part of its price-to-value strategy.
The company expects minimal benefit from interest on customer balances in the fourth quarter, with potential headwinds in 2025 due to anticipated interest rate cuts.
Transaction take rate declined by 4 basis points to 1.67%, impacted by large enterprise growth and foreign exchange factors.
The company is facing challenges in rapidly scaling its innovations to small and medium-sized businesses due to the long tail of merchants.
PayPal Holdings Inc (PYPL) anticipates higher non-transaction operating expenses in the fourth quarter due to concentrated discretionary investment spend.

Operator

Good morning, and welcome to PayPal's third-quarter 2024 earnings conference call. My name is Sara, and I will be your conference operator today. As a reminder, this conference is being recorded.

I would now like to turn the program over to your host for today's conference, Steve Winoker, PayPal's Chief Investor Relations Officer. Please go ahead.

Steve Winoker

Paypal Holdings Inc - Chief Investor Relations Officer

You're welcome to PayPal's third-quarter 2024 earnings call. I'm joined by CEO, Alex Chris, and CFO, Jamie Miller. Our remarks today include forward-looking statements that involve risks and uncertainties. Actual results may differ materially from these statements. Our commentary is based our view of the world and our businesses as we see them today. As described in our earnings press release, SEC filings, and on our website, those elements may change as the world changes.

Now over to you, Alex.

Alex Chriss

PayPal Holdings Inc - President, Chief Executive Officer, Director

Thanks,

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