PayPal's net revenues increase by 8% to $7.9 billion in 2Q'24, showing overall positive financial growth.

.July 30, 2024 07:34:32 AM

PayPal’s net revenues increased by 8% to $7.9 billion in 2Q’24, with a 9% increase when adjusted for currency fluctuations. The company also expanded its operating margins, showing improved efficiency in generating profits. However, the number of active accounts decreased slightly, indicating potential challenges in customer retention and acquisition. Despite this, PayPal saw growth in transaction margin dollars and operating income, along with increases in total payment volume and payment transactions. The company also generated positive cash flow and free cash flow, with solid performance in adjusted free cash flow.