PayPal Holdings, Inc. (PYPLÂ -Â Free Report) just released its fourth-quarter 2017 financial results, posting adjusted earnings of $0.55 per share and revenues of $3.74 billion. Currently, PayPal is a Zacks Rank #3 (Hold), and is down over 2% to $83 per share in after-hours trading shortly after its earnings report was released.
Beat earnings estimates. The company posted adjusted earnings of $0.55 per share, topping the Zacks Consensus Estimate of $0.52 per share.
Beat revenue estimates. The company saw revenue figures of $3.74 billion, topping our consensus estimate of $3.63 billion.
PayPal posted Q4 sales that climbed 26% year-over-year, while its operating margin rose by 22.5%. The online payment company posted GAAP earnings that jumped 57%, while its adjusted earnings experienced a 30% gain.
PayPal grew active customer accounts by 61% to close the quarter with 8.7 million active accounts. The company processed 2.2 billion payments, up 25% from the year-ago period. This helped PayPal’s total payment volume jump by 32% to $131 billion.
“PayPal had a transformative year in 2017. We brought record numbers of new customer accounts to our platform by democratizing financial services for consumers and commerce capabilities for merchants,†CEO Dan Schulman said in a statement.
“We also substantially expanded our opportunities for future growth and redefined our competitive position through our successful partnership strategy driven by our open platform architecture.â€
Here’s a graph that looks at PYPL’s Price, Consensus and EPS Surprise history:
PayPal Holdings, Inc. Price, Consensus and EPS Surprise
 PayPal Holdings, Inc. is a technology platform company. The Company offers online payment solution which allows customers to pay and get paid, withdraw funds to their bank accounts and hold balances in their PayPal accounts in various currencies. It payment platform includes PayPal, PayPal Credit, Venmo and Braintree products. PayPal Holdings, Inc. is based in San Jose, California.
