PayPal said net revenues increased $92 million (1%) and operating expenses decreased $270 million (4%) for the 3 months ended March 31, 2025, resulting in operating income growth of $362 million (31%), with operating margin at 20% compared to 15% in the prior-year period.

1. 01

   PayPal said net revenues increased $92 million (1%) and operating expenses decreased $270 million (4%) for the 3 months ended March 31, 2025, resulting in operating income growth of $362 million (31%), with operating margin at 20% compared to 15% in the prior-year period.

2. 02

   The company said TPV grew 3% while transaction revenues remained consistent with the prior-year period, with an approximately $200 million decline in Braintree revenues partially offset by an approximately $170 million increase in Venmo and PayPal revenues.

3. 03

   PayPal said net cash provided by operating activities decreased $757 million for the 3 months ended March 31, 2025 compared to the prior-year period, citing working capital changes of approximately $790 million from debt reduction as a primary factor.

4. 04

   The company said it issued fixed-rate and variable-rate debt with a total principal amount of $1.5 billion in March 2025 and repurchased approximately $1.5 billion of its shares in the open market for the 3 months ended March 31, 2025.

Key figures

Quarter ended March 31, 2025

Revenue

$7.8B

Operating income

$1.5B

Net income

$1.3B

EPS

$1.29

Operating cash flow

$1.2B

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.

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

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