The company's peer-to-peer payment service, Venmo, is the key catalyst behind the solid growth in its total payment volume. To read this article on click here.PayPal is one of the largest online payment solutions providers that enables it to offer smooth and secure transaction facility to both customers and merchants. (JBL) : Free Stock Analysis Reportīroadcom Inc. Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. The long-term earnings growth rate for AVGO is currently projected at 14.5%. The long-term earnings growth rate for JKHY is currently projected at 17%.īroadcom has gained 20% over a year. Jack Henry & Associates has gained 16.9% over a year. The long-term earnings growth rate for JBL is currently projected at 12%. You can see the complete list of today’s Zacks #1 Rank stocks here. While Jabil currently sports a Zacks Rank #1 (Strong Buy), Jack Henry & Associates and Broadcom carry a Zacks Rank #2 (Buy). Investors interested in the broader technology sector can consider stocks like Jabil JBL, Jack Henry & Associates JKHY, and Broadcom AVGO. Zacks Rank and Stocks to ConsiderĬurrently, PayPal carries a Zacks Rank #3 (Hold). Previously, TPV growth was projected at 19-22% on a spot rate basis and 21-23% on an FX-neutral basis. TPV for 2022 is likely to exhibit growth of 13-15% on a spot rate basis and 15-17% on a currency-neutral basis. The Zacks Consensus Estimate for the same is pegged at $4.61 per share. It revised non-GAAP earnings guidance downward from $4.60-$4.75 per share to $3.81-$3.93 per share. The Zacks Consensus Estimate for 2022 revenues is pegged at $29.24 billion. The Zacks Consensus Estimate for earnings is pegged at $1.11 per share.įor 2022, PayPal has revised its guidance for year-over-year revenue growth to 11-13% on both spot rate and currency-neutral basis, which was previously pegged at 15-17%. Non-GAAP earnings are expected to be 86 cents per share. The Zacks Consensus Estimate for revenues is pegged at $7.03 billion. Guidanceįor second-quarter 2022, PayPal expects year-over-year revenue growth of 9% on a current spot rate and a currency-neutral basis. The company returned $1.5 billion to shareholders by repurchasing 11 million shares. The company generated $1.2 billion of cash from operations, down from $1.8 billion in the previous quarter.įree cash flow was $1.1 billion in the reported quarter compared with $1.6 billion in the prior quarter. PayPal had a long-term debt balance of $8.2 billion at the end of the first quarter compared with $8.05 billion at the end of the fourth quarter. Balance Sheet & Cash FlowĪs of Mar 31, 2022, cash equivalents and investments were $7.9 billion, down from $9.5 billion as of Dec 31, 2021. Non-GAAP operating margin was at 20.7%, contracting 700 bps from the year-ago quarter. As a percentage of net revenues, the figure expanded 630 basis points (bps) on a year-over-year basis. PayPal’s operating expenses were $5.8 billion in the first quarter, up 15.6% from the prior-year quarter. Notably, year-over-year growth in TPV was primarily driven by robust Venmo, which accounted for $57.8 billion of TPV, rising 12% on a year-over-year basis. TPV amounted to $322.98 billion for the reported quarter, reflecting year-over-year growth of 13% on a spot rate basis and 15% on a currency-neutral basis. The company’s payment transactions per active account were 47 million, which improved 11% from the year-ago quarter. The total number of payment transactions was 5.2 billion, up 18% on a year-over-year basis. The total number of active accounts was 429 million in the quarter under review. PayPal witnessed year-over-year growth of 9% in total active accounts, with 2.4 million net new active accounts in the reported quarter. International revenues were $2.8 billion (43% of revenues), down 5% from the prior-year quarter. Other value-added services generated revenues of $485 million (accounting for 7% of net revenues), up 18% year over year.īy Geography: Revenues from the United States totaled $3.7 billion (57% of net revenues), up 20% on a year-over-year basis. Quote Top Line in Detailīy Type: Transaction revenues amounted to $5.9 billion (93% of net revenues), up 7% from the year-ago quarter. price-consensus-eps-surprise-chart | PayPal Holdings, Inc.
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