PayPal reports adjusted EPS growth of 27% to $1.08 for the first three months of 2024, as well as non-GAAP operating profit up 15% to $1.4 billion, representing a margin improvement of more than 0.8 points to 18.2%.

The payment solutions group's revenues rose by 9% to $7.7 billion (+10% at constant exchange rates), on total payment volumes up 14% (both gross and at constant exchange rates) to 403.9 billion.

In its new non-GAAP methodology, PayPal says it expects full-year adjusted EPS for 2024 to rise in the mid- to high-single digits, compared with a comparable base of $3.83 last year.

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