PayPal Holdings Inc. (NASDAQ: PYPL) reported fourth-quarter financial results after the markets closed on Thursday. The company had $0.36 in earnings per share (EPS) on $2.6 billion in revenue, compared to consensus estimates from Thomson Reuters that called for $0.35 in EPS on $2.51 billion in revenue.
During the quarter the company announced that its board of directors has authorized a new share repurchase program, under which the company may repurchase up to $2 billion in outstanding common stock.
In the fourth quarter, PayPal processed $82 billion in total payment volume (TPV), representing FX-neutral growth of 29%, which was faster than the growth rate of e-commerce. Merchant services TPV growth accelerated to 36%, and represented 81% of overall TPV for the quarter. Finally, PayPal processed $20 billion in mobile payment volume, up 45%, representing 25% of TPV for the quarter.
In terms of guidance, the company expects to have EPS in the range of $0.34 to $0.36 and revenues to be in the range of $2.47 billion to $2.52 billion in the first quarter. There are consensus estimates that call for $0.35 in EPS on $2.48 billion in revenue.
24/7 Wall St.Thank you for reading! Have some feedback for us?
Contact the 24/7 Wall St. editorial team.
Editors' Picks
