PayPal Q2 2021 Earnings Call Transcript

Key Takeaways

  • PayPal hit a new TPV milestone of $311 billion in Q2, up 40% YoY (48% ex-eBay), with active accounts rising 16% to 403 million.
  • Revenues grew 19% to $6.24 billion (32% ex-eBay) and non-GAAP EPS reached $1.15, leading to maintained full-year guidance of ~$25.75 billion in revenue (+20%) and $4.70 in EPS (+21%).
  • eBay’s managed payments transition drove a 37% drop in its TPV on PayPal, imposing ~7 percentage points of full-year revenue drag (highest in Q3) that is expected to abate in Q4.
  • Venmo TPV surged 58% to $58 billion with revenue up ~70% and Pay with Venmo volumes up 183%, alongside rising crypto trading and 76 million active users.
  • PayPal’s Buy Now, Pay Later product processed $1.5 billion TPV in Q2 (50% sequential growth), now used by 650,000 merchants and over 7 million consumers, boosting cart sizes by 39%.
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Earnings Conference Call
PayPal Q2 2021
00:00 / 00:00

There are 0 speakers on the call.