PayPal's 2024 Quarter 1 net income is $7.70 billion, up 9% year over year.
2024-04-30 11:47:02
PayPal announces FY2024 Quarter 1 results. Data shows FY2024 Quarter 1 net income increased 9% year over year to $7.70 billion. FY2024 Quarter 1 GAAP earnings per share increased 18% to $0.831; non-GAAP earnings per share increased 27% to $1.08 (based on new non-GAAP methodology, FY2023 Quarter 1 was $0.85). Quarter 1 total payments increased 14% to $403.90 billion. Payment volume increased 11% to 6.50 billion. The company's total cash, cash equivalents and investments reached $17.70 billion as of March 31, 2024. Total debt was $11 billion.
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