PayPal delivers impressive Q117 results

No primary category set

PayPal is enjoying a boost in its stock price post bell after delivering better than expected results for the first quarter of 2017.

They surpassed analyst estimates by earning $0.44 per share, compared to the $0.41 many expected. Net income at payPal was $384M, up 5% year on year. Revenues also increased, totalling $2.975bn. That’s up 17% on the $2.94bn from the same period last year. They’re also buying back shares: PayPal announced a $5bn share repurchase programme as part of their results.

PayPal chief Dan Schulman said: “With another quarter of strong financial results, we continue to deliver on our vision to democratize financial services for our consumers and drive the global transition from cash to digital payments.”

A big part of Paypal’s continuing success is the performance of its Braintree division. They handle payments Uber, Airbnb, Facebook Messenger and other big hitters and take a cut of these transactions. And don’t forget that PayPal also owns Venmo, the peer-to-peer payments platform very popular with young people.

It seems that PayPal is finally drawing clear of the eBay drag and starting to really see the benefits of independence. These are really decent results and it will be interesting to see where they head next time. But, most of all, it’s worth noting that the eBay aspect of PayPal is the least remarkable aspect of the business this time around.

One Response

  1. “PayPal chief Dan Schulman said: “… we continue to deliver on our vision to democratize financial services”

    Strangest ever definition I’ve come across for democratise. You have euros/dollars/Aus dollars/etc but can’t withdraw them to an account in the same currency so that PayPal can charge massive conversion fees. That’s not democracy, that’s fascism.

RELATED POSTS..

PayPal USD Stablecoin launched pegged to US$

PayPal USD Stablecoin launched pegged to US$

German Customers switch on to PayPal

German Customers switch on to PayPal

OnBuy direct payment, WorldFirst and Payoneer launched

OnBuy direct payment, WorldFirst and Payoneer launched

OnBuy 2023 Road Map OnBuy Payments OnBuy first profitable month and strategic investment

OnBuy 2023 Road Map shared with sellers

OnBuy-selects-Nuvei-for-marketplace-payments

OnBuy selects Nuvei for marketplace payments

ChannelX Guide...

Featured in this article from the ChannelX Guide – companies that can help you grow and manage your business.

Latest

Take a look through a selection of the latest articles on ChannelX

Register for Newsletter

Receive 5 newsletters per week

Gain access to all research

Be notified of upcoming events and webinars