PayPal reported better-than-expected fourth-quarter earnings and revenue, exceeding analyst expectations. The company also announced a new $15 billion share buyback program. While total payment volume fell slightly short of projections, PayPal saw growth in transaction margin and highlighted the success of initiatives like Venmo's debit card and Pay With Venmo.
PayPal reported better-than-expected fourth-quarter earnings and revenue in its quarterly report on Tuesday.reported better-than-expected fourth-quarter results on Tuesday and issued guidance that also topped analysts' expectations. The shares slid more than 6% in premarket trading.For the first quarter, PayPal expects adjusted earnings per share of $1.15 to $1.17, which is higher than the average analyst estimate of $1.13. Earnings for the year will come in at $4.95 to $5.
While PayPal's take rate slipped to 1.91% from 1.96% a year earlier, transaction margin, which is how the company gauges the profitability of its core business, rose to 47% from 45.8%. In 2024, transaction margin dollars grew 7% to $14.7 billion, bolstered by Braintree, a service
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