Global technology platform and digital payments leader PayPal Holdings, Inc. announced fourth quarter and full year results for the period ended December 31, 2016. Throughout 2016, PayPal deepened engagement on its platform, advanced its commitment to customer choice, gained share, continued its strong momentum in mobile payments, expanded its customer base and delivered innovative products.
Financial highlights for the fourth quarter include:
Revenue growth of 17% to $2.981 billion, or 19% on a foreign currency neutral (FX-neutral) basis
GAAP operating margin of 15% with non-GAAP operating margin of 21%
GAAP earnings per diluted share (EPS) growth of 7% to $0.32, non-GAAP EPS growth of 17% to $0.42
Operating cash flow of $923 million, free cash flow of $771 million
Operating highlights for the fourth quarter include:
Growth of 5.4 million active customer accounts in the quarter
One point eight billion payment transactions, up 23%
$99 billion in total payment volume (TPV), up 22%, or 25% on an FX-neutral basis
Financial highlights for full year 2016 include:
Revenue growth of 17% to $10.842 billion, or 21% on an FX-neutral pro forma basis
GAAP operating margin of 15% with non-GAAP operating margin of 20%
GAAP EPS growth of 15% to $1.15, non-GAAP EPS growth of 17% on a pro forma basis to $1.50
Operating cash flow of $3.2 billion, free cash flow of $2.5 billion
“I’m pleased to report that PayPal ended 2016 with another strong quarter of financial results. We extended our industry leadership by generating 18 million active customer accounts, with greater engagement than ever before. We innovated across our merchant and consumer value propositions and extended our lead in mobile payments,” said Dan Schulman, President and CEO of PayPal.
“In the past year, we transformed our market opportunity with a series of strategic partnerships with networks, financial institutions, technology companies, and mobile carriers. We accomplished all of this by putting our customers first, in everything we do. At the end of a landmark year for PayPal, we feel well positioned to deliver sustainable and profitable growth in 2017 and beyond.”
See the full press release on the PayPal website:
Source: PayPal Press Release
