# PayPal first quarter revenue of $3 billion 685 million, net profit of $511 million

2018-04-26 00:31:49
category:Internet

First quarter earnings summary Total payment volume (TPV) was $132 billion 364 million, compared with $100 billion 639 million in the same period last year, an increase of 32% over the same period last year. GAAP net revenue was $3 billion 685 million, compared with $2 billion 975 million in the same period last year, an increase of 24% over the same period last year. GAAP net profit was $511 million, compared with net profit of US $384 million in the same period last year, up 33% over the same period last year. GAAP net profit per share was $0.42, compared with the net profit of $0.32 per share in the same period last year, an increase of 31% over the same period last year. Non-GAAP net revenue was $3 billion 685 million, compared with $2 billion 975 million in the same period last year, an increase of 24% over the same period last year. Non-GAAP net profit was $692 million, compared with net profit of US $534 million in the same period last year, up 30% over the same period last year. Other financial and operational data Operating profit margin: GAAP operating profit margin was 14.5%, compared to 14.5% last year. Non-GAAPs operating profit margin was 22.5%, compared to 21.6% last year. Tax rate: GAAP effective tax rate is 7%, compared to 12% in the same period last year. The effective rate of Non-GAAP is 18%, and 18% in the same period last year. Cash, cash equivalents and non Securities Investments: up to March 31, 2018, a total of $7 billion 800 million. Performance outlook 2018 fiscal year: Revenue will range from $15 billion 200 million to $15 billion 400 million. GAAP diluted earnings per share will be between $1.73 and $1.76. Non-GAAP diluted earnings per share will be between $2.31 and $2.34. In the second quarter of fiscal year 2018, revenue will be between $3 billion 780 million and $3 billion 830 million. GAAP diluted earnings per share will be between $0.41 and $0.43. Non-GAAP diluted earnings per share will be between $0.54 and $0.56. (author: EditorAI) source: NetEase science and technology report editor: Wang Fengzhi _NT2541 Revenue will range from $15 billion 200 million to $15 billion 400 million. GAAP diluted earnings per share will be between $1.73 and $1.76. Non-GAAP diluted earnings per share will be between $2.31 and $2.34. The second quarter of fiscal year 2018: Revenue will range from $3 billion 780 million to $3 billion 830 million. GAAP diluted earnings per share will be between $0.41 and $0.43. Non-GAAP diluted earnings per share will be between $0.54 and $0.56.