PayPal raised its full-year 2024 adjusted EPS view to high teens growth from its previous low to mid teens projection on October 30, 2024. The company also increased its GAAP EPS view to approximately $3.92-$3.96 from $3.88-$3.98.
The transaction margin dollar view for fiscal year 2024 was raised to mid single-digit growth, up from the prior low to mid single-digit growth. Non-GAAP non-transaction operating expenses are now expected to see low single-digit growth, compared to a previous view of a slight increase.
PayPal also reiterated its expectation for approximately $6 billion in free cash flow and $6 billion in share repurchases for the full year 2024. These updates reflect management's confidence in the company's strategic execution and improving profitability.
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