=PayPal (PYPL) reported earnings on Wed 23 Oct 19 (a/h)

PayPal reports EPS in-line, revs in-line; guides Q4 EPS in-line, revs in-line; Acceleration in TPV; Venmo +64% yr/yr

Reports Q3 (Sep) earnings of $0.61 per share, excluding non-recurring items, in-line with the S&P Capital IQ Consensus of $0.61; revenues rose 18.9% year/year to $4.38 bln vs the $4.35 bln S&P Capital IQ Consensus.

• 9.8 million net new active accounts, bringing total active accounts to 295 million accounts, up 16%. (Q2 +17%)
• 3.1 billion payment transactions, up 25%. (Q2 +28%)
• $179 billion in total payment volume (TPV), up 25%, or 27% on an FX-neutral basis. (Q2 +24 and 26%)%
• 39.8 payment transactions per active account on a trailing twelve months basis, up 9%. (Q2 +9%)
• Merchant Services volume grew 31% on an FX-neutral basis. (Q2 30%)
• eBay Marketplaces volume declined 3% on an FX-neutral basis versus growth of 3% in Q3-18, and represented 8% of TPV for the quarter versus 11% a year ago. (Q2 9%)
• Person-to-Person (P2P) volume grew 39% to $51 billion, and represented 28% of TPV. (Q2 +40%)
• Venmo processed more than $27 billion of TPV in the third quarter, growing 64%. (Q2 70%)

Co issues in-line guidance for Q4, sees EPS of $0.81-0.83 vs. $0.81 S&P Capital IQ Consensus; sees Q4 revs of $4.89-4.95 bln vs. $4.93 bln S&P Capital IQ Consensus.