Share this article
PayPal’s Q3 Earnings Beat Estimates but Revenues Fall Short
The payments giant added 13.3 million new accounts in the quarter, up from 11.4 million in the prior quarter.
Updated May 11, 2023, 4:06 p.m. Published Nov 8, 2021, 10:16 p.m.
PayPal’s (PYPL) adjusted earnings per share of $1.11 for the third quarter came in ahead of the analyst consensus estimate of $1.07, according to FactSet. But the company also posted revenue of $6.18 billion in the third quarter, which was short of estimates of $6.23 billion.
- The company posted total payment volume of $310 billion in the third quarter, up 24% from the year-ago period. It added 13.3 million net new active accounts in Q3 versus 11.4 million in Q2.
- PayPal’s transaction revenue rose to $5.61 billion during the third quarter, up 10% from the year-ago period, but down 3% from Q2.
- Part of PayPal’s transaction revenue comes from the company’s crypto “buy, sell and hold” product, but the company excludes crypto payments from total payment volume.
- The company noted that in the third quarter, it rolled out the ability for its U.K. customers to buy and sell cryptocurrencies, and also launched a program for its credit card customers to automatically purchase crypto from their Venmo account using cash back earned from their card purchases.
- The company has reported in the past that customers who purchased crypto through the platform have been logging into PayPal twice as often as they were before they could buy crypto.
- PayPal said it expects fourth-quarter net revenue to be in the range of $6.85 billion to $6.95 billion, which was below the consensus estimate of $7.24 billion.
- The company also expects total payment volume growth of about 33% to 34% for 2021, as well as the addition of roughly 55 million net new accounts, including three million active accounts from the acquisition of Paidy.
- Shares of PayPal were roughly flat at $229.57 in after-hours trading on Monday.
UPDATE (Nov. 8, 22:50 UTC): Added info about Q3 news in fourth bullet point.
STORY CONTINUES BELOW
Don't miss another story.Subscribe to the Crypto Daybook Americas Newsletter today. See all newsletters
Higit pang Para sa Iyo
Ano ang dapat malaman:
- As of October 2025, GoPlus has generated $4.7M in total revenue across its product lines. The GoPlus App is the primary revenue driver, contributing $2.5M (approx. 53%), followed by the SafeToken Protocol at $1.7M.
- GoPlus Intelligence's Token Security API averaged 717 million monthly calls year-to-date in 2025 , with a peak of nearly 1 billion calls in February 2025. Total blockchain-level requests, including transaction simulations, averaged an additional 350 million per month.
- Since its January 2025 launch , the $GPS token has registered over $5B in total spot volume and $10B in derivatives volume in 2025. Monthly spot volume peaked in March 2025 at over $1.1B , while derivatives volume peaked the same month at over $4B.
Higit pang Para sa Iyo
Turkey's Paribu Buys CoinMENA in $240M Deal, Expanding Into High-Growth Crypto Markets
With the acquisition, Paribu gains regulatory foothold in Bahrain and Dubai and access to the region's fast-growing crypto user base.
Ano ang dapat malaman:
- Paribu acquires Bahrain- and Dubai-based CoinMENA for up to $240 million.
- Deal marks Turkey’s biggest fintech acquisition and first international crypto M&A, the firm said.
- The move taps into the MENA region’s fast-growing crypto user base and supportive regulatory hubs.
Top Stories
