Report: PayPal Q1 Net Income for Fiscal Year 2024 is $7.7 Billion

ChainCatcher message, according to PayPal's announcement of its Q1 2024 fiscal year performance, its net income for Q1 2024 reached $7.7 billion, a year-over-year increase of 9%. Additionally, the GAAP earnings per share for Q1 2024 grew by 18% to $0.831; the non-GAAP earnings per share increased by 27% to $1.08 (based on the new non-GAAP method, which was $0.85 in Q1 2023). Total payment volume in the first quarter grew by 14% to $403.9 billion. Payment transactions increased by 11% to 6.5 billion. As of March 31, 2024, the company's total cash, cash equivalents, and investments amounted to $17.7 billion, with total debt of $11 billion.