PayPal Q1 2021 results best in history!
Q1’21 - Strongest first quarter results in PayPal’s history
Total Payment Volume (TPV) of $285 billion, growing 50%, and 46% on an FX-neutral basis (FXN); revenue of $6.03 billion, growing 31%, and 29% on an FXN basis
GAAP EPS of $0.92, up from $0.07, and non-GAAP EPS of $1.22, up from $0.66
Added 14.5 million Net New Active Accounts (NNAs); ended the quarter with 392 million active accounts
FY’21: Raising NNAs, TPV, revenue, and earnings guidance
TPV expected to grow ~30% at current spot rates and on an FXN basis;
revenue expected to grow ~20% at current spot rates and ~18.5% on an FXN basis, to ~$25.75 billion
GAAP EPS expected to be ~$3.33 compared to $3.54 in FY’20;
non-GAAP EPS expected to grow ~21% to ~$4.70
52–55 million NNAs expected to be added in FY’21