PayPal Raises Annual Outlook, Expands Q1 Margins Amid Competitive Pressure From Apple
PayPal Raises Annual Outlook, Expands Q1 Margins Amid Competitive Pressure From Apple
PayPal Holdings Inc (NASDAQ:PYPL) reported fiscal first-quarter revenue growth of 9% year-over-year to $7.7 billion, beating the consensus estimate of $7.5 billion.
PayPal Holdings Inc（納斯達克股票代碼：PYPL）報告稱，第一財季收入同比增長9％，達到77億美元，超過了市場普遍預期的75億美元。
The company reported quarterly adjusted EPS of $1.08 per share, missing analyst estimates of $1.22.
該公司公佈的季度調整後每股收益爲1.08美元，未達到分析師預期的1.22美元。
Total payment volumes increased 14% year-over-year to $403.9 billion in the quarter. Payment transactions were up 11% in the quarter, and payment transactions per active account increased 13% on a trailing 12-month basis. Total active accounts decreased by 1% to 427 million.
本季度總付款量同比增長14％，達到4039億美元。本季度支付交易增長了11％，在過去的12個月中，每個活躍賬戶的支付交易量增長了13％。活躍賬戶總數下降了1％，至4.27億。
The operating margin expanded 84 basis points to 18.2%, and the adjusted operating income increased 15% year over year to $1.4 billion.
營業利潤率增長了84個點子至18.2％，調整後的營業收入同比增長15％，達到14億美元。
Operating cash flow came in at $1.9 billion, and free cash flow came in at $1.8 billion. PayPal held $17.7 billion in cash and equivalents as of March 31, 2024.
運營現金流爲19億美元，自由現金流爲18億美元。截至2024年3月31日，PayPal持有177億美元的現金及等價物。
"2024 remains a transition year and we are focused on execution – driving our key strategic initiatives, realizing cost savings, and reinvesting appropriately to position the company for consistent, high-quality profitable growth in the future." Alex Chriss, President and CEO, said.
“2024年仍然是過渡年，我們專注於執行——推動我們的關鍵戰略舉措，實現成本節約，並進行適當的再投資，爲公司未來實現持續的高質量盈利增長做好準備。”總裁兼首席執行官亞歷克斯·克里斯說。
Outlook: PayPal expects second-quarter revenues to increase by 6.5%—7% foreign exchange neutral or revenue of $7.761 billion—$7.797 billion versus the consensus of $7.797 billion. It expects adjusted EPS to grow in the low double-digit percentage compared to EPS of $0.87 in the prior year's period and consensus of $1.21.
展望：PayPal預計，第二季度收入將增長6.5％，外匯中性增長7％，收入爲77.61億美元至77.97億美元，而市場預期爲77.97億美元。該公司預計，調整後的每股收益將以低的兩位數百分比增長，而去年同期的每股收益爲0.87美元，市場預期爲1.21美元。
PayPal expects full-year 2024 adjusted EPS to increase by a mid to high single-digit percentage compared to $3.83 Y/Y (prior expectations of in line with FY23 adjusted EPS of $5.10. Current analyst estimates are calling for an EPS of $5.08 per share.
PayPal預計，與同比3.83美元相比，2024年全年調整後的每股收益將以中到高的個位數百分比增長（先前的預期與23財年調整後的每股收益5.10美元持平）。目前的分析師估計每股收益爲5.08美元。
Consumer spending remains robust despite ongoing economic concerns impacting the payments sector. While lower-income groups have reduced discretionary spending, most Americans continue to engage in online shopping, dining out, and traveling, CNBC reports.
儘管持續的經濟擔憂影響了支付行業，但消費者支出仍然強勁。CNBC報道，儘管低收入群體減少了全權支出，但大多數美國人繼續從事在線購物、外出就餐和旅行。
PayPal's low-margin business offerings have seen significant growth, whereas its branded products have experienced slower growth due to heightened competition from rivals like Apple Inc (NASDAQ:AAPL).
PayPal的低利潤業務已實現顯著增長，而由於來自蘋果公司（納斯達克股票代碼：AAPL）等競爭對手的競爭加劇，其品牌產品的增長放緩。
Earlier this year, PayPal announced it would eliminate approximately 2,500 jobs, representing 9% of its global workforce.
今年早些時候，PayPal宣佈將裁掉約2,500個工作崗位，佔其全球員工的9％。
PayPal Holdings stock lost 11% in the last 12 months. Investors can gain exposure to the stock via Amplify ETF Trust Amplify Mobile Payments ETF (NYSE:IPAY) and Global X FinTech ETF (NASDAQ:FINX).
在過去的12個月中，PayPal控股的股票下跌了11％。投資者可以通過Amplify ETF Trust Amplify Mobile Payments ETF（紐約證券交易所代碼：IPAY）和Global X金融科技ETF（納斯達克股票代碼：FINX）獲得股票敞口。
Price Action: PYPL shares traded higher by 5.81% at $70.90 at the last check Tuesday.
價格走勢：在週二的最後一次檢查中，PYPL股價上漲5.81％，至70.90美元。
Photo courtesy of PayPal.
照片由 PayPal 提供。
譯文內容由第三人軟體翻譯。