The company said net revenues for the 3 months ended September 30, 2024 rose $429 million (6%) from the same period a year earlier, citing total payment volume (TPV) growth of 9% as the main factor.

10-QQuarterly reportFiled Oct 29, 2024Period of report Sep 30, 2024Summary published (UTC) Oct 23, 2026

Key points

AI summary

The company said net revenues for the 3 months ended September 30, 2024 rose $429 million (6%) from the same period a year earlier, citing total payment volume (TPV) growth of 9% as the main factor.
The company said operating income for the 3 months rose $223 million (19%), but other income (expense), net fell $153 million and income tax expense rose $80 million, so net income declined $10 million (1%). It cited net losses on strategic investments as the main reason for the drop in other income (expense), net.
PayPal said that, while negotiations with merchants are ongoing, it expects lower growth in volume and transaction revenue for its Braintree products and services in Q4 2024 and in 2025.
The company said it repurchased about $4.8 billion of common stock on the open market under a program approved in June 2022 during the 9 months ended September 30, 2024, and that about $6.1 billion remained available under the repurchase authorization as of September 30.

Key figures

Quarter ended September 30, 2024

Revenue: $7.8B
Operating income: $1.4B
Net income: $1.0B
EPS: $0.99

From the XBRL financial data filed with the SEC · not processed by AI.

Summary

AI-written

Analysis scope · Management's discussion (MD&A)We analyzed excerpts of the Management's Discussion and Analysis (MD&A) section (with omissions). Other sections of the report, such as the notes to the financial statements and risk factors, were not reviewed.

Q3 Net Revenue Up 6%, TPV Up 9%

The company said net revenues for the 3 months ended September 30, 2024 rose $429 million (6%) from the same period a year earlier, citing total payment volume (TPV) growth of 9% as the main factor.

Source · Based on the MD&A text of the filing

Q3 Operating Income Up 19%, Net Income Down 1%

The company said operating income for the 3 months rose $223 million (19%), but other income (expense), net fell $153 million and income tax expense rose $80 million, so net income declined $10 million (1%). It cited net losses on strategic investments as the main reason for the drop in other income (expense), net.

Source · Based on the MD&A text of the filing

Braintree Transaction Revenue Growth Expected to Slow

PayPal said that, while negotiations with merchants are ongoing, it expects lower growth in volume and transaction revenue for its Braintree products and services in Q4 2024 and in 2025.

Source · Based on the MD&A text of the filing

About $4.8 billion in Share Buybacks Over 9 Months

The company said it repurchased about $4.8 billion of common stock on the open market under a program approved in June 2022 during the 9 months ended September 30, 2024, and that about $6.1 billion remained available under the repurchase authorization as of September 30.

Source · Based on the MD&A text of the filing

AI summarized the filing and translated the summary into English; it may differ from the original. For reference only, not investment advice. AI translated the published Korean report into English. Figures are copied as filed, not recalculated.

Original filing

The filing as submitted to SEC EDGAR. You can check the figures and statements of this summary against it.

View the original filing on SEC EDGAR ↗

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