Report
Martin Marandon-Carlhian ...
  • Stephane Houri

PayPal : Q4 2021 in line but guidance for 2022 disappointing, raising questions on the outlook for the medium term – Neutral vs Outperform

>Q4 2021 in line but number of PayPal accounts < expectations - Yesterday evening (after market close), PayPal published Q4 2021 results in line with expectations. Revenues came to $ 6.92bn, up 13% y-o-y (consensus $ 6.89bn, guidance $ 6.85/6.95bn). Total payment volumes (TPV) came in at $ 340bn, representing a 23% y-o-y increase (of which +29% y-o-y for Venmo), while PayPal added 10m new accounts over the quarter (vs 13m in Q3), i.e. 49m in 2021, below the full-year...
Underlying
PayPal Holdings Inc

PayPal Holdings is a technology platform and digital payments company that enables digital and mobile payments on behalf of consumers and merchants worldwide. The company's combined payment solutions include its PayPal, PayPal Credit, Braintree, Venmo, Xoom and iZettle products and services. PayPal's payment solutions enable the company's customers to send and receive payments. PayPal helps merchants and consumers connect, transact, and complete payments, whether they are online, on a mobile device, in an app, or in person. The company provides proprietary payment solutions accepted by merchants that enable the completion of payments on the company's Payments Platform on behalf of its customers.

Provider
Oddo BHF
Oddo BHF

​Oddo Securities provides securities brokerage and research services. The company offers equity, economic, and derivatives research and credit analysis services. It focuses on insurance, automotive, building materials, pharmaceuticals, telecommunications, information technology, and agri-food industries.

Analysts
Martin Marandon-Carlhian

Stephane Houri

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