PayPal Holdings (PYPL) Revenue — Quarter Ended Dec 31, 2023
Revenue for the reported quarter increased compared to both the immediately preceding quarter and the same quarter one year earlier. The growth rate on a year-over-year basis was broadly consistent with the prior quarter's pace.
Key takeaway
Quarter ended Dec 31, 2023 · FY2023 Q4
Revenue for the reported quarter increased compared to both the immediately preceding quarter and the same quarter one year earlier. The growth rate on a year-over-year basis was broadly consistent with the prior quarter's pace.
Financial snapshot
Reported revenue, sequential change, year-over-year change, and trailing four-quarter revenue.
Quarter revenue
$8B
Revenue reported for this quarter.
Quarter-over-quarter
+8.2%
Change from the immediately preceding quarter.
Year-over-year
+8.7%
Change from the comparable year-ago quarter.
Trailing four quarters
$29.8B
Sum of the latest four reported quarters.
Quarterly revenue trend
The latest four reported quarters with year-over-year comparisons.
| Period ended | Revenue | Year-over-year change |
|---|---|---|
| Mar 31, 2023 | $7B | +8.6% |
| Jun 30, 2023 | $7.3B | +7.1% |
| Sep 30, 2023 | $7.4B | +8.4% |
| Dec 31, 2023 | $8B | +8.7% |
Revenue performance
The company posted higher revenue in the reported quarter, reflecting continued expansion. Both sequential and year-over-year comparisons showed positive results.
Quarterly comparison
Revenue rose from the preceding quarter and also from the same quarter a year ago. The year-over-year increase was similar in magnitude to the prior quarter's year-over-year gain.
What to watch
The year-over-year growth rate remained broadly stable compared to the prior quarter, suggesting no acceleration or deceleration in the top-line trend.