PayPal Posts Strong Q3 Results, But Conservative Outlook Tempers Stock Price
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PayPal's Q3 results showed impressive financial progress, with revenues and earnings exceeding forecasts. Guidance remains positive despite conservative Q4 outlook.
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Total payment volume (TPV) grew 15% year-over-year, signaling robust expansion. However, P2P growth was modest at 4%.
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Branded checkout and Venmo TPV saw steady growth of 6% and 7%. Unbranded processing TPV spiked 32%, showing strong demand.
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International expansion continues, with 45% of active accounts outside the U.S. FXN TPV growth accelerated in Europe and Asia.
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Despite stock price decline, earnings yield near all-time highs. Forward rate of return signals attractiveness for long-term growth.