PayPal delivered strong Q2 2024 results with net revenues increasing 8% to $7.9 billion and transaction margin dollars growing 8% to $3.6 billion. Operating income rose 17% to $1.3 billion, while GAAP EPS increased 17% to $1.08 and non-GAAP EPS jumped 36% to $1.19.Total payment volume grew 11% to $416.8 billion with payment transactions increasing 8% to 6.6 billion. The company maintained a stable user base of 429 million active accounts, with payment transactions per active account rising 11% to 60.9 on a trailing 12-month basis.Given the strong performance, PayPal raised its full-year 2024 guidance and increased share repurchases, returning $1.5 billion to stockholders in Q2 through repurchasing approximately 24 million shares. The company's cash, cash equivalents and investments totaled $18.3 billion as of June 30, 2024.

PayPal delivered strong Q2 2024 results with net revenues increasing 8% to $7.9 billion and transaction margin dollars growing 8% to $3.6 billion. Operating income rose 17% to $1.3 billion, while GAAP EPS increased 17% to $1.08 and non-GAAP EPS jumped 36% to $1.19.Total payment volume grew 11% to $416.8 billion with payment transactions increasing 8% to 6.6 billion. The company maintained a stable user base of 429 million active accounts, with payment transactions per active account rising 11% to 60.9 on a trailing 12-month basis.Given the strong performance, PayPal raised its full-year 2024 guidance and increased share repurchases, returning $1.5 billion to stockholders in Q2 through repurchasing approximately 24 million shares. The company's cash, cash equivalents and investments totaled $18.3 billion as of June 30, 2024.