EI Earnings Insight Lab
PayPal Holdings, Inc

PayPal Holdings, Inc Q2 2023 Earnings Analysis

Reported on 2023-08-03 / Fiscal Quarter Q2 2023
Revenue Up YoY Sequential Improvement Margin Improving EPS Up YoY Strong Quarter
PayPal Holdings, Inc delivered a constructive Q2 2023, with growth supported by improving profitability.

Revenue grew 7.1% year over year and rose 3.5% sequentially. Margins improved from the previous quarter, suggesting stronger cost discipline and operational efficiency. Year-over-year earnings remained under pressure, showing that the recovery in profitability is still incomplete.

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Source: Company filings / processed earnings data
Revenue
$7.3B
YoY: 7.0673%
QoQ: 3.5085%
Net Income
$1.0B
YoY: -401.7595%
QoQ: 29.43%
EPS (Diluted)
$0.92
YoY: 417.24%
Net Margin
14.1%
YoY: 19.13 pts
QoQ: 2.83 pts
Gross Margin
45.9%
Operating Margin
15.5%
Growth

Revenue trend

Revenue growth stayed positive, supporting a healthier topline trend.

Profitability

Margin and earnings quality

Margins improved from last quarter, suggesting that cost controls are starting to offset topline weakness.

Investor Focus

What matters next

Investor focus is likely to remain on whether management can restore earnings momentum over coming quarters.

Revenue & YoY Growth

Quarterly

Revenue trend and year-over-year growth across recent reported quarterly periods.

Net Income & Net Margin

Quarterly

Net income and net margin trend over recent reported quarterly periods.

Revenue Analysis

PayPal Holdings, Inc reported $7.3B in revenue for Q2 2023, up 7.1% YoY and up 3.5% QoQ. Positive year-over-year growth suggests healthier revenue momentum.

Revenue Snapshot
Current Quarter $7.3B
Previous Quarter $7.0B
Same Quarter Last Year $6.8B
YoY Change +7.1%
QoQ Change +3.5%

Profitability Analysis

Net income came in at $1.0B, down 401.8% YoY and up 29.4% QoQ. Net margin was 14.1%. Sequential margin improvement suggests stronger operating discipline despite a mixed revenue environment.

Profitability Snapshot
Net Income $1.0B
EPS $0.92
Net Margin 14.1%
QoQ Margin Change +2.8 pts

Frequently Asked Questions

Quick factual answers for this report. Need the why behind them? Ask the report assistant.

What was PayPal Holdings, Inc's revenue in Q2 2023?

PayPal Holdings, Inc reported revenue of $7.3B in Q2 2023.

What was PayPal Holdings, Inc's net income in Q2 2023?

PayPal Holdings, Inc reported net income of $1.0B in Q2 2023.

How did PayPal Holdings, Inc's revenue change year over year?

PayPal Holdings, Inc's revenue increased by 7.1% year over year in Q2 2023.

What was PayPal Holdings, Inc's net margin in Q2 2023?

PayPal Holdings, Inc's net margin was 14.1% in Q2 2023.

Related
PayPal Holdings, Inc Q1 2023 Earnings

Compare this quarter with the previous earnings report.

Related
PayPal Holdings, Inc Company Overview

Explore company profile, industry, and historical context.

Related
PayPal Holdings, Inc Revenue & Profit Trends

View more quarterly financial trend pages for this company.

Data Source & Methodology

Financial data is sourced from company filings and internal processed earnings data.

YoY and QoQ values are derived from reported quarterly figures when not directly available.

This page is for informational purposes only and does not constitute investment advice.

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