PayPal reported strong Q3 2024 financial results with net revenues increasing 6% to $7.8 billion and operating income rising 19% to $1.4 billion. Transaction margin dollars grew 8% to $3.7 billion, while GAAP operating margin expanded 198 basis points to 17.7%. GAAP EPS increased 6% to $0.99, and non-GAAP EPS rose 22% to $1.20.Total Payment Volume (TPV) grew 9% to $422.6 billion, with payment transactions increasing 6% to 6.6 billion. Active accounts reached 432 million, showing a modest 0.9% YoY growth. The company generated operating cash flow of $1.6 billion and free cash flow of $1.4 billion.PayPal returned $1.8 billion to stockholders through share repurchases in Q3, buying approximately 28 million shares. The company raised its full-year non-GAAP guidance, reflecting confidence in its business transformation and strategic initiatives.

PayPal reported strong Q3 2024 financial results with net revenues increasing 6% to $7.8 billion and operating income rising 19% to $1.4 billion. Transaction margin dollars grew 8% to $3.7 billion, while GAAP operating margin expanded 198 basis points to 17.7%. GAAP EPS increased 6% to $0.99, and non-GAAP EPS rose 22% to $1.20.Total Payment Volume (TPV) grew 9% to $422.6 billion, with payment transactions increasing 6% to 6.6 billion. Active accounts reached 432 million, showing a modest 0.9% YoY growth. The company generated operating cash flow of $1.6 billion and free cash flow of $1.4 billion.PayPal returned $1.8 billion to stockholders through share repurchases in Q3, buying approximately 28 million shares. The company raised its full-year non-GAAP guidance, reflecting confidence in its business transformation and strategic initiatives.