PayPal reports Q3 EPS 61c, consensus 52c
Reports Q3 revenue $4.38B, consensus $4.35B. Reports 9.8M net new active accounts, bringing total active accounts to 295 million accounts, up 16%. Reports 3.1B payment transactions, up 25%. Reports $179B in total payment volume, up 25%, or 27% on a currency-neutral basis. Reports 39.8 payment transactions per active account on a trailing twelve months basis, up 9%. PayPal said, "We had an excellent quarter financially and operationally, reporting 19% revenue growth, more than 200 basis points of operating margin expansion, accelerating TPV growth and nearly 10 million net new active accounts. This quarter we also announced that we will be the first foreign payments platform to be licensed to provide online payment services in China, a very significant development that has the potential to meaningfully expand our addressable market."