PayPal Releases Fourth Quarter & Full Year 2020 Results
PayPal Holdings, Inc. (NASDAQ: PYPL) announced this week the release of its fourth quarter and full-year 2020 results. Despite the COVID-19 pandemic, PayPal reported that 2020 has the strongest performance in the payment platform’s history, with Total Payment Volume (TPV) being $936 billion, growing 31% on a spot and FX-neutral basis (FXN) basis. PayPal also revealed that revenue for 2020 was $21.45 billion, growing 21%, and 22% FXN. Other highlights include: GAAP EPS of $3.54, up 71% and non-GAAP EPS of $3.88, up 31% ~$5.9 billion in Operating Cash Flow and ~$5.0 billion in Free Cash Flow Added 72.7 million NNAs PayPal Fourth Quarter Highlights include: Total Payment Volume (TPV) of $277 billion, growing 39%, and 36% on an FX-neutral basis (FXN); revenue of $6.12 billion, growing 23% on a spot and FXN basis