PayPal’s EPS skyrockets 208% to $1.32 in Q4
PayPal Holdings, Inc. unveiled on Wednesday that its earnings per diluted share surged 208% year-over-year to reach $1.32 in the fourth fiscal quarter of 2020, topping analysts’ estimates. Net revenues amounted to $6.12 billion in the same trimester, growing 23% on an annual basis, while operating income went up by 21% from the same quarter of 2019 to $963 million. Meanwhile, PayPal’s total payment volume (TPV) was at $277 billion, jumping 39% annually in the fourth quarter.
The US online payments firm reported diluted EPS of $3.54 for the full fiscal year, up 71% compared to the year prior, while its revenue rose 21% year-on-year to $21.45 billion. The company’s total payment volume stood at a record-breaking $936 billion in fiscal 2020, marking a growth of 31%.
“PayPal delivered record performance in 2020 as businesses of all sizes have digitized in the wake of the pandemic. In this historic year, we released more products than ever before and have dramatically scaled our acceptance worldwide, giving our 377 million consumer and merchant accounts even more reasons to use our platform,” PayPal CEO Dan Schulman said in a statement.
The company’s shares gained more than 1% in after-hours trading following the release of the results.
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