- Trading
- Trading
- Markets
- Markets
- Products
- Forex
- Commodities
- Metals
- Indices
- Shares
- Cryptocurrencies
- Treasuries
- ETFs
- Accounts
- Accounts
- Compare our accounts
- Open account
- Try free demo
- GO Markets Social
- Platforms & tools
- Platforms & tools
- Platforms
- Platforms
- Platforms overview
- MetaTrader 4
- MetaTrader 5
- Mobile trading platforms
- Premium trading tools
- Premium trading tools
- Tools overview
- VPS
- Genesis
- Education
- Education
- Resources
- Resources
- News & analysis
- Education hub
- Economic calendar
- Earnings announcements
- Courses
- Courses
- Introduction to forex
- First steps in forex
- Next steps in forex
- Help & support
- Help & support
- About
- About
- About GO Markets
- Our awards
- Sponsorships
- Client support
- Client support
- Contact us
- FAQs
- Quick support
- Trading hours
- Maintenance Schedule
- Fraud and scam awareness
- Legal documents
- Trading
- Trading
- Markets
- Markets
- Products
- Forex
- Commodities
- Metals
- Indices
- Shares
- Cryptocurrencies
- Treasuries
- ETFs
- Accounts
- Accounts
- Compare our accounts
- Open account
- Try free demo
- GO Markets Social
- Platforms & tools
- Platforms & tools
- Platforms
- Platforms
- Platforms overview
- MetaTrader 4
- MetaTrader 5
- Mobile trading platforms
- Premium trading tools
- Premium trading tools
- Tools overview
- VPS
- Genesis
- Education
- Education
- Resources
- Resources
- News & analysis
- Education hub
- Economic calendar
- Earnings announcements
- Courses
- Courses
- Introduction to forex
- First steps in forex
- Next steps in forex
- Help & support
- Help & support
- About
- About
- About GO Markets
- Our awards
- Sponsorships
- Client support
- Client support
- Contact us
- FAQs
- Quick support
- Trading hours
- Maintenance Schedule
- Fraud and scam awareness
- Legal documents
- Home
- News & Analysis
- Economic Updates
- PayPal reports Q3 results
- 416 million active accounts
- 9 billion in payment transactions
- $310 billion in total payment volume
- 2 payment transactions per active account
News & AnalysisPayPal Holdings Inc. (PYPL) reported its third-quarter financial results after the closing bell on the Monday.
The company reported revenue of $6.18 billion (13% increase year-over-year) in Q3, below $6.23 billion expected by the analysts on Wall Street. Earnings per share at $1.11 per share (4% increase year-over-year) vs. $1.07 per share expected.
Other key metrics in Q3:
PayPal also announced it is teaming up with Amazon to enable Venmo (mobile payment service owned by PayPal) pay with Venmo on Amazon from next year.
Company CEO, Dan Schulman commented on the results: ”Our third quarter results show solid growth on top of a record year. The strength of PayPal’s two-sided platform and ubiquity in our core markets has set us up to grow at scale, expand our work with existing merchants and attract new partners. We’re thrilled that we are teaming up with Amazon to enable customers in the U.S. to pay with Venmo at checkout.”
PayPal Holdings Inc. (PYPL) chart (1Y)
Share price of PayPal was trading lower in the after-hours trading following the latest financial results, down by around 5%. The stock is up by 24% in the past year at $229.42 per share.
PayPal is the 35th largest company in the world with a total market cap of $269.57 billion.
You can trade PayPal Holdings Inc. (PYPL) and many other stocks from the NYSE, NASDAQ, HKEX and the ASX with GO Markets as a Share CFD. Click here for more information. Trading Derivatives carries a high level of risk.
Sources: PayPal, Refinitiv, TradingView
Ready to start trading?
Disclaimer: Articles are from GO Markets analysts and contributors and are based on their independent analysis or personal experiences. Views, opinions or trading styles expressed are their own, and should not be taken as either representative of or shared by GO Markets. Advice, if any, is of a ‘general’ nature and not based on your personal objectives, financial situation or needs. Consider how appropriate the advice, if any, is to your objectives, financial situation and needs, before acting on the advice. If the advice relates to acquiring a particular financial product, you should obtain and consider the Product Disclosure Statement (PDS) and Financial Services Guide (FSG) for that product before making any decisions.
Next Article
Beyond Meat Q3 numbers fall short of expectations
Beyond Meat Inc. (BYND) reported its third-quarter financial results after the closing bell on Wednesday. The plant-based company posted disappointing results, falling short of Wall Street analyst expectations. The company reported revenue of $106.4 million (12.7% increase year-over- year) vs. $109.2 million expected. Loss per share at $0.87 a s...
November 11, 2021Read More >Previous Article
Moderna doesn’t get the boost – Q3 earnings fall short
Moderna (MRNA) reported their Q3 financial results before the opening bell on Thursday. The pharmaceutical company posted disappointing results below ...
November 5, 2021Read More >