Non-transaction-related operating expenses declined 2% as we continue to actively manage our cost structure while reinvesting into key strategic initiatives. Part of the decline in operating expenses is a result of certain corporate and marketing investments deferred https://www.bookstime.com/ to the second half as well as lower stock-based compensation. PayPal generated $1.8 billion in free cash flow in the first quarter or $1.9 billion, excluding the impact of held-for-sale accounting related to our European buy now, pay later externalization.
Sending Money
- I wanted to give that to my customers as an option.”
- And then related to transaction margin dollar growth, you talked about balance-funded Venmo transactions contributing to growth in the quarter.
- This article is a transcript of this conference call produced for The Motley Fool.
- And we are already having fruitful conversations that are helping merchants understand the additional value they can unlock by strengthening their relationship with us, including through our value-added services.
- We’ve made good progress in expanding PPCP’s geographic reach to now more than 34 countries.
- Whether it’s tips on integrating PayPal with accounting software or stories of how Synder has streamlined your financial processes, sharing your story can guide others through the complexities of digital finance.
- With that, I’ll now hand it back to the operator to begin Q&A.
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- Venmo limits how much you can spend, send and withdraw each week, and verifying your account will increase these limits.
- Direct integration connects PayPal with QuickBooks simply, while tools like Synder add extra features and flexibility, enhancing financial oversight for businesses.
- That said, we’re also getting better with our risk models and leveraging AI.
- Moving to volume growth, in the first quarter TPV grew 14% on a spot and currency-neutral basis to $403.9 billion.
- That just shows the power of our brand, and it shows the power of what PayPal can be.
How do I change my PayPal password?
The second leg will be, OK, now that we’ve proven this out, and we’ve started to really — I mean just to be clear, we’re talking about driving conversion rate for some of the largest merchants in the world. We need to make sure that this was proven and that it works before we roll this out at scale. There’s a lot on the line to be able to nail this, which is why we’re moving at a measured pace and ensuring that in Q1 and Q2, we’ve really proven it out.
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This is a mindset shift we are driving throughout the entire organization. Investing for durable growth backed by a clear payback path and time horizon remains a top priority. Investing in branded checkout and better serving our small business customers are two focus areas you heard me talk about today.
How to add money to your PayPal account, so you can transfer money or pay bills immediately
Candidly, some are just in decline, but the declines are smaller. And a little bit of that as it comes through on the branded trend line is just that we’re seeing a little bit of mixing toward large enterprise from SMB. Our remarks today will include forward-looking paypal accounting statements that are based on our current expectations, forecasts, and assumptions and involve risks and uncertainties. Our actual results may differ materially from these statements. All information in this presentation is as of today’s date.
So again, just to sort of paint the high picture on unbranded, this is an important segment for us, both on — for enterprise and for small business. So our customers are looking for the best auth rates, the best uptime, the best availability, the best reliability. I think it would be helpful, if you don’t mind, just first revisiting some of the initiatives around unbranded and your conviction and the timing around the impact from them on perhaps on transaction margin. But maybe even more specifically, if you’ve had discussions with Braintree merchants around pricing, and I think you touched on this in the prepared remarks, but more pricing to value than pricing to win. Thank you, Ryan, and thank you to everyone for joining us this morning. This quarter, we delivered a solid set of results, and the year is off to a good start.
Key Takeaways
- You can use accounting tools and software to automate your bookkeeping and save valuable time and resources.
- Accept debit and credit cards, and digital wallets—with secure, safely encrypted PayPal transactions.
- We had a solid start to the year with first quarter results that were above our expectations.
- In the coming months, we will continue to move to more passwordless authentication processes like biometrics and launch a redesigned mobile checkout experience, which we believe will result in higher conversion rates.
- As mentioned on the last earnings call, we have started reporting stock-based compensation as part of our non-GAAP metrics, beginning this quarter.
- Worry about accurate data matching between your PayPal account and bank account?
- Download the PayPal Zettle app to start accepting contactless payment methods.
