PayPal’s net revenue in the fourth quarter of last year was US$8.03 billion, a year-on-year increase of 8.7%
PayPal has released its Q4 2023 earnings. The data shows that the company's net revenue for Q4 was $8.03 billion, an increase of 8.7% year-over-year, beating market expectations. Adjusted earnings per share were $1.48, higher than the market's expected $1.36. Payment volume for Q4 increased by 15% to $409.8 billion, surpassing the market's expected $403.6 billion.
PayPal stated that due to the company's continued commitment to cost-cutting and streamlining its business, it expects adjusted earnings per share for the full year of 2024 to be $5.10, the same as the previous year, with analysts' average expectation being $5.53 per share.
Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.
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