PayPal reports Q1 revenue up 9% YoY to $7.7B, payment volume up 14% YoY to $404B, transaction margin dollars up 4% YoY to $3.5B, and expects 2024 profit to drop (Paige Smith/Bloomberg) 30-04-2024

Paige Smith / Bloomberg:
PayPal reports Q1 revenue up 9% YoY to $7.7B, payment volume up 14% YoY to $404B, transaction margin dollars up 4% YoY to $3.5B, and expects 2024 profit to drop — Total payment volume was $403.9 billion in the first quarter, PayPal said in a statement Tuesday, topping analysts’ estimates of $392.9 million.