PayPal (PYPL) is set to report Q1 earnings tonight after the close with a conference call to follow at 5pm ET.
Current Capital IQ consensus stands at EPS of $0.68 on Revenues of $4.13 bln
PYPL reported Q4 (Dec) earnings of $0.69 per share, excluding non-recurring items, $0.02 better than the S&P Capital IQ Consensus of $0.67. Revenues rose 13.0% year/year to $4.23 bln vs the $4.23 bln S&P Capital IQ Consensus.
13.8 million net new active accounts, versus an increase of 8.7 million in Q4 2017
Venmo processed approximately $19 billion of TPV in the fourth quarter, growing 80%
PayPal is seeing the fastest acceptance growth rate in the digital wallet space. Shares of PYPL are near all time highs ahead of tonight's print.
PYPL stock has rallied 28% YTD to outpace the 16% growth in the S&P 500.