PayPal Holdings (NASDAQ:PYPL) delivered lackluster FY24 Q4 results—beating expectations but revealing unexpected softness that challenges its growth story. While not terrible, low single-digit growth and a mid-to-high teens EBIT margin won’t excite investors for what should be a high-margin software business.
Alex Chriss and team called it a big win, but their excitement felt forced. Branded checkout and Fastlane are supposedly delivering exceptional early results for merchants, but the results and guidance just don’t show the explosive growth they’re talking about, so it’s hard to buy. For more details, key highlights, and commentary, check out the high-level earnings summary.
Note: under Forward Guidance in the summary below “revenue” is actually “transaction margin” which is a key metric for PayPal.
