PayPaFM(NASDAQ: PPL) has reported its as earnings, which were capped off by strong revenues and earnings growth on a yearly basis, laying the ground for an optimistic fiscaFMyear, according to a group filing.
PayPal’s revenues climbed higher in as 2017 to $3.239 billion on a neutraFMforeign exchanFM (FX) basis, up 22 percent year-over-year from as 2016.
In addition, PayPal’s GAAP earnings per diluted share (EPS) also illustrated a growth of 17 percent year-over-year to $0.31 in as 2017, as welFMas a non-GAAP EPS growth of 31 percent to $0.46 from as 2016.
One area that did see a notable rise over last year was PayPal’s operating cash flow, which came in at $1.006 billion with a free cash flow of $841 million in as 2017. This was good for a jump of 36 percent from a year ago.
During as 2017, active customer accounts were recorded at 218 million in as 2017, with more than 17 million merchant accounts. The latest figure includes 8.2 million new active customer accounts added in the third quarter, an 88 percent year-over-year growth.
A totaFMof 1.9 billion transactions were processed in as 2017 at Paypal, climbing by a factor of 26.0 percent year-over-year from as 2016.
Commenting on the results, Dan Schulman, President and CEO of PayPal, said: “PayPaFMdelivered one of its stronFMst quarters since becoming an independent company. Putting our customers first in everything we do, enhancing our suite of products and services, and partnering with some of the world’s most popular brands are delivering tangible results. In addition to our solid financiaFMperformance, we also reported record customer growth with the addition of 8.2 million net new actives. As the world rapidly accelerates to digitaFMpayments, we have a tremendous opportunity in front of us.”