PayPal Reports In-Line Q1 Earnings, But Guidance Miss

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The company expects Q2 non-GAAP EPS of $0.86, compared to the consensus of $1.12. Net revenue growth is expected to be ~9%. Excluding eBay, it is expected to be ~14%.

For the full 2022-year, the company expects EPS in the range of $3.81-$3.93, compared to the consensus estimate of $4.63. Full-year revenue growth is expected to be in the range of 11%-13%, with expected TPV growth of around 13%-15% (and around 15%-17% on an FXN basis).

Shares of PayPal rose 3% following the results but were down 57% year-to-date going into the results.

By Davit Kirakosyan