US payment processor PayPal Holdings has increased its net income by 12% in the second quarter and also improved its full-year forecast.
The company said in a press release that net income for the April-June 2025 quarter was $1.261bn, or $1.29 per share, up from $1.128bn, or $1.08 per share, in the same period a year earlier. Earnings excluding one-time factors rose to $1.40 per share from $1.19.
Revenue rose 5% to $8.288bn.
Analysts surveyed by FactSet had on average forecast adjusted earnings of $1.3 per paper on revenue of $8.08bn.
The total volume of payments on the company’s platforms increased by 6% to $443.5bn. The figure excluding currency fluctuations also increased by 5%.
At the same time, the number of processed transactions decreased by 8% to 6.2 billion. The number of active accounts in the PayPal system for the year increased by 2% (to 438 million), compared to the previous quarter, it increased by 0.4%.
PayPal is targeting net income of $4.90-5.05 per share for 2025 versus the previous estimate of $4.80-4.95. The forecast for adjusted earnings has been improved to $5.15-5.3 per paper from $4.95-5.1. for the third quarter, the company expects earnings excluding one-time factors in the range of $1.18-1.22 per paper.
The average expert forecast calls for $1.2 for quarterly adjusted earnings and $5.1 for annualised, according to LSEG.
PayPal’s stock price is down 1.9 per cent in early trading on Tuesday. The company’s capitalisation has risen nearly 18% (to $76bn) over the past three months, while the Nasdaq Composite stock index has added 22%.