Press release
PayPal Reports Fourth Quarter and Full Year 2019 Results
Q4 2019 Revenue grew 17% to $4.96 billion; 18% FX-neutral revenue growth Q4 2019 GAAP EPS of $0.43 with non-GAAP EPS of $0.86 SAN JOSE, Calif., Jan. 29, 2020
About this update from Paypal Holdings, Inc.
[{"type":"text","content":"Q4 2019 Revenue grew 17% to $4.96 billion; 18% FX-neutral revenue growth\n Q4 2019 GAAP EPS of $0.43 with non-GAAP EPS of $0.86\n\n\nSAN JOSE, Calif., Jan. 29, 2020 /PRNewswire/ -- Global technology platform and digital payments leader PayPal Holdings, Inc. (NASDAQ: PYPL) today announced fourth quarter and full year results for the period ended December 31, 2019.\n\n \n \n\n \n\"PayPal delivered strong results in 2019, achieving many records including revenue, net income and operating margin performance. We added 37.3 million net new active accounts, bringing total active accounts to 305 million, up 14% year over year. In Q4 alone, we processed nearly $200 billion of TPV and engagement grew 10% to 40.6 transactions per active account. We strengthened our value proposition for consumers and merchants, expanded our international scope and scale, and announced transformative strategic acquisitions, investments and commercial partnerships,\" said Dan Schulman, President and CEO of PayPal.\nFinancial highlights for fourth quarter 2019\nRevenue of $4.96 billion; growing 17% on a spot basis and 18% on a foreign currency-neutral (FX-neutral or FXN) basis. GAAP operating income of $0.8 billion, increasing 34%; non-GAAP operating income of $1.2 billion, increasing 28%. GAAP operating margin of 16.1% with non-GAAP operating margin of 23.6%. GAAP EPS of $0.43, decreasing 13%; non-GAAP EPS of $0.86, increasing 24%. GAAP and non-GAAP EPS include a net unrealized gain of $0.02 on strategic investments, driven primarily by MercadoLibre (NASDAQ: MELI). GAAP EPS also includes an approximate $0.19 of negative impact from taxes related to the acquisition of iZettle. Cash flow from operations of $1.3 billion with free cash flow of $1.1 billion. Repurchased approximately 2.9 million shares of common stock, returning $305 million to stockholders.Operating highlights for fourth quarter 2019\n9.3 million net new active accounts, bringing total active accounts to 305 million accounts, up 14%. 3.5 billion payment transactions, up 21%. $199 billion in total payment volume (TPV), up 22% on a spot and FX-neutral basis. Merchant Services volume grew 25% on a spot basis and 26% on an FX-neutral basis. Venmo processed more than $29 billion of TPV, growing 56%. Financial highlights for full year 2019\nRevenue of $17.77 billion; growing 15% on a spot and FX-neutr...