PayPal (NASDAQ:PYPL) unveiled better-than-expected Q4 earnings and revenue but shares fell 2% in after-hours trading due to a flat profit forecast.
For Q4, the financial services giant posted earnings per share (EPS) of $1.48, topping the estimated $1.36. The company's revenue for the quarter reached $8 billion, surpassing the consensus forecast of $7.88 billion.
The total payment volume for the quarter was reported at $409.83 billion, marking a 15% year-over-year increase and above the projection of $403.6 billion.
Transaction revenue grew by 8.7% YoY to $7.28 billion, compared to the estimated $7.1 billion.
However, active customer accounts slightly declined by 2.1% YoY to 426 million, just below the forecasted 427.98 million.
Payment transactions saw a 13% YoY increase to 6.80 billion, outperforming the consensus estimate of 6.60 billion.
Looking forward, PayPal has provided guidance for the full year 2024, projecting an EPS of $5.10, aligning exactly with analysts’ expectations.