PYPL
Post-earnings, the vibe improved
PayPal’s latest quarter gave the skeptics a little less to gripe about. Revenue came in at $8.68 billion, TPV jumped 10%, and management raised its full-year outlook — basically the kind of combo platter Wall Street likes to see when a turnaround story is trying to stop being just a story.
Analysts heard the right words
Needham’s Mayank Tandon kept a Hold rating on the stock, while Macquarie’s Paul Golding stayed Neutral and slapped a $62 price target on it. Their takeaway? PayPal is seeing stabilization in branded checkout, plus momentum from Venmo, PSP, financial services, BNPL, and credit. Translation: the business is still messy, but it’s messier in a more promising way.
The numbers weren’t flashy, but they were sturdy
A few highlights from the quarter:
- Revenue rose 5% year over year
- Non-GAAP EPS came in at $1.38, ahead of estimates
- Venmo TPV grew 14%
- PSP volumes rose 13%
- Transaction margin held up better than expected
That said, margins are still getting squeezed by reinvestment, so this isn’t a clean victory lap. It’s more like PayPal finally stopped tripping over its own shoelaces.
Big picture
The market still wants proof that PayPal can turn “stabilizing” into “accelerating.” But for now, the message is simple: the turnaround plan is looking less like PowerPoint and more like an actual business.