The company also declared it was looking to hire a new CPO to replace retired Mark Britto 2. Effective immediately, Blake Jorgenson became the new CFO, replacing John Rainey, who left the digital payments giant earlier this year for Walmart. In addition to reporting strong financial results and securing a new repurchase authorization, PayPal announced management changes. The company's share buyback program represents about 15% of its current market cap of $100 billion, with stock repurchases expected to be $4 billion in 2022 and the rest spilling over into 2023 and beyond 2. Also helping boost PayPal stock on Wednesday was the company's announcement on a new $15 billion share buyback program, four years after launching a previously-announced $10 billion program. As a result, its FY '22 financial outlook incorporates savings of $900 million in operating expenses and an additional $1.3 billion in savings from cuts and other changes 2. In terms of its future, it emphasized its strides in identifying opportunities for efficiency and growth. The company, however, reported a net loss of $341 million for the quarter, compared with a profit of $1.18 billion in the same period last year.Īt the end of the quarter, PayPal had added roughly 400,000 net new active accounts, bringing its total to 429 million active accounts, a 6% increase 2. Revenue, excluding the transition away from eBay, climbed 14%, resulting in adjusted earnings per share (EPS) of $0.93, exceeding expectations of $0.86 and up from $1.15 in the prior period 2. Net revenue grew 9% year over year to $6.81 billion, exceeding analysts' expectations for $6.79 billion and up 10%, excluding foreign currency rates. News of the announcement caused its shares to rise 11% in after-market hours on Tuesday 4. PayPal announced its second-quarter earnings on Tuesday 02 August 2022 after market close, reporting that adjusted earnings beat analyst expectations and that the company had appointed a new CFO and authorized a $15 billion share buyback 2.

Although its shares slumped, the company has been making some major changes lately to remain competitive, PayPal's management team had to change gears, allowing them to beat analyst estimates. The company had a rollercoaster ride this year, with its shares losing almost two thirds 3 of its value in the past year after peaking as a result of the digital payments adoption spurred by COVID-19. U.S.The payments processor, PayPal, recently made headlines as activist investor Elliot Management announced a significant stake in the company 1, coinciding with investors unpacking its solid Q2 earnings report 2. furniture store purchases in 2018, by payment method Revenue share lost to poor transaction management 2015Īnnual level of cash payments in France 2000-2021 PayPal's gaming-related payments volume worldwide 2016-2017 Italy: distribution of PayPal e-payments 2012-2016 Transactions using e-payment methods Philippines 202, by gender Number of domains of online payment platforms Australia 2018, by domainĬanada: credit or debit cards stored online with merchants 2014 Quarterly transaction value of Zelle 2017-2021 Quarterly transaction volume of Zelle 2017-2021 The company is also one of the leading mobile app publishers in the United States, reaching approximately half of U.S.

PayPal is also one of the most popular payment methods for online transactions in the United States, accounting for 22 percent of online transactions. When examining the most popular mobile payment methods accepted by online merchants worldwide, PayPal ranks third behind credit and debit cards and ahead of all other payment methods. This represents a 46 percent year-on-year growth. In the most recently reported year, PayPal's mobile payment volume reached 227 billion U.S. The company enables customers to pay for goods and services digitally and has been making large gains in terms of mobile payment volume. This payment volume was generated through the over 5.5 billion transactions which PayPal processed during that period.ĭigital payment operator PayPal is one of the leading mobile payment platforms worldwide. In the fourth quarter of 2022, PayPal’s total payment volume had grown by 5.3 percent compared to the same quarter one year before - a slow-down of growth.

Paypal subsidiaries revenue