PayPal reported revenue of $6.03 billion in Q121, up 31%, or 29% on a currency neutral basis, year over year, according to the company’s press release. GAAP earnings per share was $0.92, a year-over-year jump from EPS of $0.07.
PayPal’s Total Payment Volume was $285 billion, up 50% or 46% on a currency-neutral basis.
The payments service generated 14.5 million Net New Active Accounts, closing the quarter with 392 million accounts.
Operating income was $1.04 billion, up 162% year over year.
PayPal expects its TPV to increase by 30% in FY21.
Revenues are projected to jump 20% or 18.5% on a currency-neutral basis to $25.75 billion in FY21.
The company expects a GAAP EPS of $3.33 in FY21, a fall from $3.54 in FY20.
PayPal expects to add 52-55 million NNAs in FY21.PayPal stock is currently gaining on premarket. PYPL: NASDAQ is up 4.47%.
