Q1’24 Operating Results: total payment volume increased 14% to $403.9 billion; Payment transactions increased 11% to 6.5 billion; Payment transactions per active account on a trailing 12-month basis increased 13% to 60.0.
Active accounts decreased 1% to 427 million. On a sequential basis, active accounts increased 0.4%, or by 2 million – the company said in a press release.
Cash Flow
Cash flow from operations of $1.9 billion and free cash flow of $1.8 billion.
On a trailing 12-month basis, cash flow from operations of $5.6 billion and free cash flow of $5.0 billion.
Adjusted free cash flow of $1.9 billion, which excludes the net timing impact between originating European buy now, pay later (BNPL) receivables as held for sale and the subsequent sale of these receivables.
On a trailing 12-month basis, adjusted free cash flow of $5.4 billion.
Balance Sheet and Liquidity
Cash, cash equivalents, and investments totaled $17.7 billion as of March 31, 2024.
Debt totaled $11.0 billion as of March 31, 2024.
“We delivered a solid set of results in Q1 and I’m encouraged by the progress the team is making against PayPal’s go-forward strategy and in strengthening our foundation. 2024 remains a transition year and we are focused on execution – driving our key strategic initiatives, realizing cost savings, and reinvesting appropriately to position the company for consistent, high-quality profitable growth in the future.” said Alex Chriss – President and CEO of Paypal.
Banking 4.0 – „how was the experience for you”
„So many people are coming here to Bucharest, people that I see and interact on linkedin and now I get the change to meet them in person. It was like being to the Football World Cup but this was the World Cup on linkedin in payments and open banking.”
Many more interesting quotes in the video below:
