"When we think about the back half, in Q3, we'll still see some pressure on transaction margin performance.
PayPal's adjusted operating margin for the quarter came in at 21.4%, missing its forecast of 22%.
PayPal's total payment volume surged 11% in the second quarter to $376.5 billion, benefiting from resilient consumer spending trends.
PayPal forecast adjusted profit per share for the current quarter to be in a range of $1.22 and $1.24, above analysts' estimates of $1.22.
PayPal posted revenue of $7.3 billion in the second quarter, compared with $6.8 billion last year.
Persons:
Dado Ruvic, we'll, Gabrielle Rabinovitch, Dan Schulman, Kevin Kennedy, Schulman, Sri Hari, Manya, Maju Samuel
Organizations:
PayPal, REUTERS, PayPal Holdings, Apple, Reuters, Banking, Sri, Manya Saini, Thomson
Locations:
Bengaluru