"New quarter, same story as gross profit headwinds persist on continued take rate pressure, offsetting better TPV growth," said analysts at Jefferies. PayPal's revenue jumped 9% to $7.4 billion on ...

The firm anticipates that PayPal will continue to see significant gross profit increases in the latter half of the year and forecasts a growth rate exceeding 6% for the fiscal year 2024.

PayPal Holdings early Tuesday reported second-quarter earnings and revenue that topped estimates while total payment volume came in slightly below views. PayPal stock climbed as other key metrics ...

A theme for PayPal Holdings Inc. this year has been “profitable growth,” and the company said that played out in the third quarter as the company saw continued growth on a critical profit metric.

PayPal raises 2024 adjusted profit forecast ... versus 87 cents a year ago. "While a gross profit beat was expected, magnitude of the upside surprised positively," analysts at Jefferies said.

Still, PayPal raised 2024 profit forecast for the third time this year, benefiting from higher consumer spending in a sign of U.S. economic resilience. It expects earnings per share, excluding one ...

(Reuters) -PayPal on Tuesday raised its forecast for full-year adjusted ... versus 87 cents a year ago. "While a gross profit beat was expected, magnitude of the upside surprised positively," analysts ...