Paypal Holdings, Inc. Reports Unaudited Consolidated Earnings Results for the Fourth Quarter and Full Year Ended December 31, 2018; Provides Earnings Guidance for the First Quarter Ending March 31, 2019 and Full Year Ending December 31, 2019
January 30, 2019 at 04:15 pm
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PayPal Holdings, Inc. reported unaudited consolidated earnings results for the fourth quarter and year ended December 31, 2018. For the quarter, net revenues were $4,226 million against $3,744 million a year ago. Operating income was $598 million against $843 million a year ago. Net income was $584 million against $620 million a year ago. Net income per basic share was $0.50 against $0.52 per basic share a year ago. Net income per diluted share was $0.49 against $0.50 per basic share a year ago.
For the year, net revenues were $15,451 million against $13,094 million a year ago. Operating income was $2,194 million against $2,127 million a year ago. Net income was $2,057 million against $1,795 million a year ago. Net income per basic share was $1.74 against $1.49 per basic share a year ago. Net income per diluted share was $1.71 against $1.47 per basic share a year ago.
The company provided earnings guidance for the first quarter ending March 31, 2019. For the period, the company expects revenue to grow 11% - 12% at current spot rates and 11% - 13% on an FX-neutral basis, to a range of $4.08 billion - $4.13 billion. GAAP earnings per diluted share in the range of $0.42 - $0.45.
The company provided earnings guidance for the full year ending December 31, 2019. For the period, the company expects revenue to grow 16% - 17% at current spot rates and 16% - 17% on an FX-neutral basis, to a range of $17.850 billion - $18.100 billion. GAAP earnings per diluted share in the range of $1.83 - $1.93.
PayPal Holdings, Inc. is one of the main global providers of online payment services. The company enables individuals and professionals to purchase and to sell goods and services, as well as make transfers and withdrawals. Paypal Holdings operates a technology platform equipped with solutions (Paypal, PayPal Credit, Venmo and Braintree brands) designed to facilitate safeguarded payments via merchant websites, mobile payment devices, and through shops. Net sales break down by source of revenue as follows:
- revenues from transactions (90.2%);
- revenues from value-added services (9.8%).
At the end of 2023, PayPal Holdings, Inc. has 426 million active accounts.
The United States accounts for 58% of net sales.
Paypal Holdings, Inc. Reports Unaudited Consolidated Earnings Results for the Fourth Quarter and Full Year Ended December 31, 2018; Provides Earnings Guidance for the First Quarter Ending March 31, 2019 and Full Year Ending December 31, 2019