海龜9號 Paypal

 

PSP 名詞解釋
Our business is subject to complex and changing laws, rules, regulations, policies, licensing schemes, and legal interpretations in the markets in which we offer services directly or through partners, including, but not limited to, those governing: banking, credit, deposit taking, cross-border and domestic money transmission, prepaid access, foreign currency exchange, privacy, data protection, data governance, cybersecurity, banking secrecy, digital payments, cryptocurrency, payment services (including payment processing and settlement services), lending, fraud detection, consumer protection, antitrust and competition, economic and trade sanctions, anti-money laundering, and counter-terrorist financing.


Transaction Margin Dollars (TM$) represents the profit PayPal makes on payment transactions after deducting direct costs, such as transaction losses and processing expenses. This metric is used internally and in public financial statements to measure the profitability of the company's core operation


PayPal spots ‘softer’ consumer spending

The digital payments pioneer pointed to consumers’ smaller purchases in the third quarter, and sees the trend continuing.

“Overall, we have seen relatively consistent growth in the number of checkout transactions, but basket sizes or average order value has decreased,” said Jamie Miller, who is the company’s chief financial and operating officer. “We’ve observed this trend continuing through October.”


2025 Q2 earning call , addressed by Alex :
Moving to our PSP business. I want to reflect on one of my first earnings calls, where we shared our plan to reset our largest merchant relationships to price our services to the value we deliver. The consequence of that reset was pressure on growth in exchange for long-term profitability. Now we are on the other side of that, and can confidently say that our strategy worked. We maintained our customers, and we are having more strategic conversations and relationships with them. And most importantly, we are now growing our Braintree TPV again, and expect an acceleration in the back half of the year. This is an important inflection point, and I am really proud of the team for their execution.

Key to this strategy has been investing in and scaling our strong suite of value-added services. These services are helping position PayPal as a trusted innovative partner in this evolving commerce landscape and have transformed the margin profile of our PSP business.

Let me share one example. Payouts is one of the value-added services that is growing rapidly. Some of the world's top travel, mobility and social commerce platforms already use Hyperwallet to manage and distribute funds to hosts, drivers and creators globally. Most recently, our payouts capabilities were a strategic enabler in our landmark partnerships with the Big 12 and Big Ten college athletic conferences that I mentioned earlier. Hyperwallet enables the conferences to provide student athletes with rapid access to revenue share payments that can be sent directly to their PayPal or Venmo accounts, where they can then spend and send the money instantly. For small businesses, our priority remains empowering merchants with the tools they need to manage and accelerate their growth. We're steadily migrating more transactions on to PayPal Complete Payments. PPCP enables SMBs to easily access our latest online branded checkout and new products like Fastlane. As of today, over half of SMB volume flows through this platform, a notable improvement since last quarter. Our recent expansion of PPCP into Singapore further extends our global reach. We also continue to deepen our relationships with the most popular platforms where SMBs manage and grow their businesses. Just last week, we announced an expanded partnership with Wix, that gives merchants access to our full suite of payment tools, seamlessly integrates into Wix Payments to fuel sales growth. When our small business customers succeed, the relationship with PayPal deepens, and we remain committed to expanding access to the tools and capital that fuel that growth.




While we are pleased with our progress, what's even more exciting is the foundation we are building to sustain and accelerate this growth in the years ahead. TM dollars growth had multiple sources in the quarter, including strong credit performance, branded checkout flow-through, improvements in PSP profitability, and Venmo. We drove operating leverage through a combination of top line growth and cost discipline, as we remix less productive spend into product, tech and marketing.


Turning to PSP, which spans both large enterprise and SMB processing, as well as parts of our vast portfolio like payouts, invoicing, and point-of-sale solutions, volume grew 2%, in line with the first quarter. Our focus on prioritizing healthy, quality growth within our Braintree business continues to deliver meaningful TM dollars improvement.



We are capitalizing on untapped opportunities in PSP and SMB. At the same time, we are actively shaping the future of commerce through our work in AI, ads and crypto. And our velocity of innovation is only accelerating. I am more excited than ever about the future we're building.

2024  Paypal業績觀察,  打臉2年前負面新聞 

Paypal手續營收年成長率

Merchant Checkout TPV      總成交量	23Q3	23Q4	24Q1	24Q2
Branded        透過Paypal交易	+6%	+5%	+7%	+6%
Unbranded	+32%	+29%	26%	+19%

2024 EPS 預估至少有4塊

2020 當年度是3.54  卻漲到200多塊

Paypal  free cash flow per share 6.4   81 in price as of 11th Oct 2024 

SQ    free cash flow per share 0.88   70 in price as of 11th Oct 2024

Visa  Free Cash Flow per Share 9.27,  250 in price as of 11th Oct 2024

首要任務 :  查BNPL 真的這麼吃香, 會侵占PYPL 版圖 !? 

PayPal shares fall on revenue miss, soft guidance

PayPal adoption for online shopping in the United States continued to decline in early 2024, making it less popular of a payment method. This is according to two different questions asked throughout multiple surveys from Statista's Consumer Insights. The numbers shown here refer to the share of respondents who indicated they used PayPal in the past 12 months, either for POS transactions with a mobile device in stores and restaurants or for online shopping. More than half of the respondents from the U.S. indicated they had used PayPal in a POS setting between July 2023 and June 2024 - with an additional seven out of 10 saying they used PayPal during this same time for online payment

顯示目前美國仍有50%民眾會在實體商店消費刷卡 Paypal, 70% 網路消費結帳使用Paypal