贝宝PayPal（PYPL）2025年第二季度业绩报告「NASDAQ」（英文版）（13页）.pdf

1、PayPal Reports Second Quarter 2025 ResultsPayPal delivered strong second quarter results and raises full year guidance;executing on strategic transformationSAN JOSE,Calif.,(July 29,2025)PayPal Holdings,Inc.(NASDAQ:PYPL)today reported results for the second quarter ending June 30,2025.“PayPal had a s

2、trong second quarter.We delivered another quarter of profitable growth,driven by continued strength across many of our strategic initiatives ranging from PayPal and Venmo branded experiences to PSP and value-added services.Based on our momentum,we are raising our full year transaction margin dollar

3、and EPS guidance.Im proud of our team for leading the industry forward in shaping the future of commerce with innovations like agentic commerce,ads,stablecoins,and PayPal World,which will broaden the reach of our branded experiences globally.”Alex ChrissPresident and CEO2Q25 Financial Results Net re

4、venues increased 5%to$8.3 billion;5%currency-neutral(“FXN”).Transaction margin dollars1(“TM$”)increased 7%to$3.8 billion;TM$excluding interest on customer balances1,2 increased 8%to$3.5 billion.GAAP operating income increased 14%to$1.5 billion;non-GAAP operating income increased 13%to$1.6 billion.GA

5、AP operating margin expanded 134 basis points to 18.1%;non-GAAP operating margin expanded 132 basis points to 19.8%.GAAP EPS increased 20%to$1.293;non-GAAP EPS increased 18%to$1.40.2Q25 Operating Results Total payment volume(“TPV”)increased 6%to$443.5 billion;5%FXN.Payment transactions decreased 5%t

6、o 6.2 billion.Excluding payment service provider transactions4(“PSP”),payment transactions increased 6%.Payment transactions per active account(“TPA”)on a trailing 12-month basis decreased 4%to 58.3.TPA ex-PSP4 increased 4%.Active accounts increased 2%to 438 million.On a sequential basis,active acco