PayPal added 16.0 million Net New Active Accounts (NNAs) in Q 4 2020, up 72% from the same period of 2019, according to the company’s press release. FY20 added a total of 72.7 million NNAs to mark the strongest performance in PayPal’s history.
- Total Payment Volume in Q4 totaled $277 billion, up 39% and 36% on an FX-neutral basis
- Q4 revenue was $6.12 billion, up 23% on a spot and FXN basis.
- Q4 GAAP EPS was $1.32, up 208%, and non-GAAP EPS was $1.08, a gain of 29%
- PayPal’s TPV for FY20 was $936 billion, up 31% on spot and FXN basis.
- FY20 revenue was $21.45 billion, up 21% and 22% FXN
- FY20 GAAP EPS was $3.54, up 71%, and non-GAAP EPS was $3.88, a gain of 31%
- FY20 operating cash flow was $5.9 billion while free cash flow was $5.0 billion
- PayPal projects TPV to grow in the high 20’s on a percentage basis in 2021
- Revenue is expected to grow by 19% at the current spot rates and 17% on an FXN basis to about $25.5 billion.
- GAAP EPS is expected to be $3.20 while non-GAAP EPS is expected to grow by 17% this year.
- PayPal expects to add 50 million NAAs in 2021.
PayPal stock is currently gaining. PYPL: NASDAQ is up 5.53%
