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Officer Changes, Share Repurchases, Other Pre-Announcement

PayPal Reports Q2 Adjusted Earnings of $0.93 Per Share

Published: 08/02/2022 21:09 GMT
PayPal Holdings Inc (PYPL) - Paypal - Quarterly Adjusted EPS $0.93.
Quarterly GAAP Loss per Share $0.29.
Quarterly Net Revenue $6.8 Billion, Growing 9% and 10% on an Fx-neutral Basis.
FY 2022 Revenue Expected to Reach About $27.85 Billion With Tpv of About $1.4 Trillion.
Blake Jorgensen Appointed Chief Financial Officer (cfo), Effective August 3.
Chief Product Officer (cpo) Mark Britto Retiring at End of Year; New Cpo Search Underway.
Quarterly Total Payment Volume (tpv) of $339.8 Billion, Growing 9% and 13% Fxn.
Paypal - Elliott Investment Management Says It is One of Paypal's Largest Investors, With an About $2 Billion Investment.
FY GAAP EPS Expected to Be About $1.52-$1.62.
Raising Expected FY Non-GAAP EPS to About $3.87-$3.97.
Announcing an Invigorated Capital Return Program, Including a New $15 Billion Share Repurchase Authorization.
Q3 Net Revenue Expected to Reach $6.80 Billion, Growing About 10% on a Spot Basis and About 12% Fxn.
Entering Into an Information Sharing Agreement With Elliott Investment Management Lpfy'22 Share Repurchases Expected to Reach About $4.0 Billion.
Sees Q3 GAAP Earnings per Share About $0.61-$0.63; Sees Q3 Non-GAAP Earnings per Share About $0.94-$0.96.
FY'22 Financial Outlook Incorporates About $900 Million of Savings Across Transactional and Non-transactional Operating Expenses.
On Annualized Basis, FY22 Savings, in Conjunction With Additional Initiatives, Expected to Generate Savings of at Least About $1.3 Billion in FY23.