PayPal's net revenue in the first quarter of 2024 was $7.7 billion, a year-on-year increase of 9%.

PayPal has released its Q1 2024 earnings report. The data shows that the Q1 2024 net revenue increased by 9% year-on-year to reach $7.7 billion. GAAP earnings per share for Q1 2024 increased by 18% to reach $0.831, while non-GAAP earnings per share increased by 27% to reach $1.08 (based on the new non-GAAP method, Q1 2023 was $0.85). Total payment volume in Q1 increased by 14% to reach $403.9 billion, with payment transactions increasing by 11% to reach 6.5 billion. As of March 31, 2024, the company's total cash, cash equivalents, and investments amounted to $17.7 billion, with total debt of $11 billion.