PayPal’s Q4 EPS down by 49% to $0.68 per share
PayPal Holdings Inc. announced its net revenue in the fourth quarter of the fiscal year 2021 observed an annual rise of 13% to come in at $6.9 billion. The company’s total payment volume (TPV) grew by 23% in comparison to the same period the year before to $339.5 billion. Its operating income went up by 9% year-on-year to $1.1 billion. On the other hand, its diluted earnings per share (EPS) declined by 49% annually to $0.68.
“2021 was one of the strongest years in PayPal’s history. We reached $1.25 trillion in TPV and launched more products and experiences than ever before. The future is moving in our direction, and we are investing in our consumer and merchant capabilities to seize the opportunity in front of us,” PayPal’s President and Chief Executive Officer (CEO) Dan Schulman commented on the results.
Following the release of the report, the company’s shares sank by 11.62% in after-hours trading.
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