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Economic Uncertainty Weighs on PayPal
Here's our initial take on PayPal's (NASDAQ: PYPL) fiscal 2025 first-quarter financial report.PayPal posted generally strong numbers in the first quarter. Total payment volume increased by 4% year over year to more than $417 billion, and revenue slightly increased as well. Thanks to efficiency improvements throughout the business and generally strong profitability, PayPal's adjusted earnings soared by 23% year over year. And although PayPal's active account growth of 2% might not sound too impressive, consider that a year ago, the company reported a year-over-year decline.In addition, PayPal's business grew in some of the key ways management aims to use as long-term revenue drivers. For example, Venmo revenue growth accelerated to 20% during the quarter, and debit card payment volume increased by more than 60%.Continue reading
Here's our initial take on PayPal's (NASDAQ: PYPL) fiscal 2025 first-quarter financial report.
PayPal posted generally strong numbers in the first quarter. Total payment volume increased by 4% year over year to more than $417 billion, and revenue slightly increased as well. Thanks to efficiency improvements throughout the business and generally strong profitability, PayPal's adjusted earnings soared by 23% year over year. And although PayPal's active account growth of 2% might not sound too impressive, consider that a year ago, the company reported a year-over-year decline.
In addition, PayPal's business grew in some of the key ways management aims to use as long-term revenue drivers. For example, Venmo revenue growth accelerated to 20% during the quarter, and debit card payment volume increased by more than 60%.
