PayPal posted better-than-expected earnings

By: Miguel A. Rodriguez

09:45, 14 September 2020

PayPal exceeded every expectation

PayPal amazed the markets with its Q2 earnings report. The company exceeded analysts’ expectations, as the pandemic made online transactions boom. 

The company posted a net income of $1.53 billion, or an EPS of $1.29. It exceeded last year's figures of $823 million, or 69 cents EPS. At the same time, the adjusted EPS came in at $1.07 from 71 cents the same quarter last year.

Revenue increased to $5.26 billion from a previous of $4.31 billion. It exceeded the $4.99 billion consensus. 

The value of transactions made through the PayPal platform reached $222 billion from $172 billion, beating the $210 billion expected. 

Users wise, it added 21.3 million net active accounts in the past quarter. 

After the report, PayPal stock rose more than 5%. In the past quarter, the stock price gained 49%, while USA500 rose 11%. Overall, it increased by 71%, while USA500 added 17%. 


Share this article

This information prepared by is not an offer or a solicitation for the purpose of purchase or sale of any financial products referred to herein or to enter into any legal relations, nor an advice or a recommendation with respect to such financial products.This information is prepared for general circulation. It does not regard to the specific investment objectives, financial situation, or the particular needs of any recipient.You should independently evaluate each financial product and consider the suitability of such a financial product, by taking into account your specific investment objectives, financial situation, or particular needs, and by consulting an independent financial adviser as needed, before dealing in any financial products mentioned in this document.This information may not be published, circulated, reproduced, or distributed in whole or in part to any other person without the Company’s prior written consent.
Past performance is not always indicative of likely or future performance. Any views or opinions presented are solely those of the author and do not necessarily represent those of Financial Services (Pty) Ltd trading as CAPEX.COM/ZA acts as intermediary between the investor and Magnasale Trading Ltd, the counterparty to the contract for difference purchased by the Investor via CAPEX.COM/ZA, authorised & regulated by the Cyprus Securities and Exchange Commission with license number 264/15.  Magnasale Trading Ltd is the principal to the CFD purchased by investors.