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In 2018, it kicked off a $10 billion program. PayPal announced a new $15 billion share buyback program. However, the number is below an estimate of 432.8 million active accounts. PayPal Q2 Results 2022: Active accountsĪt the end of the June quarter, the company had 429 million active accounts, a growth of 6% year on year. The payment volume was up 13% compared to the year-ago period. PayPal reported a $339.8 billion total payment volume in the second quarter, below the Street estimate of $342.83 billion. The company plans to save $900 million in cost-cutting moves in 2022 and $1.3 billion in 2023. Earning of 93 cents per share (adjusted) is higher than analysts' expectation of 86 cents per share. In the year-ago period, it reported a net profit of $1.18 billion. PayPal reported a net loss for Q2 at $341 million or 93 cents a share. In the year-ago period, the revenue reported was $6.24 billion, up nearly 9%. PayPal reported revenue of $6.81 billion for Q2'22, higher than Street estimates of $6.79 billion.

Let us look at PayPal's Q2 numbers in detail: PayPal Q2 Results: Revenue in beat estimates: Active users: 429 million, up 6% year-on-year.

Net Income: Net loss for Q2 at $341 million or 93 cents a share.

Revenue: $6.81 billion, up 9% year-on-year.

Below are key highlights from PayPal's Q2 earnings: In 2022, the share price has reduced by 50%. The PayPal share price increased 9.25% on Wednesday to close at $97.92. PayPal, a payment-technology company, reported its Q2 earnings this week, and the firm reported stronger than expected numbers.

Savings bonds wizard for windows 10 2018