PYPL

Financial Services

2mo

Adjusted free cash flow was $656 million, impacted by timing shifts in working capital, with full year free cash flow expected between $6 billion and $7 billion.
Non-GAAP earnings per share increased 18% year-over-year, supported by strong credit performance, branded checkout flow-through, improvements in PSP profitability, and Venmo.
Non-GAAP operating income grew 13% to more than $1.6 billion, with operating margin increasing about 130 basis points to nearly 20%.
PayPal delivered its sixth consecutive quarter of profitable growth with transaction margin dollars growing 8%, excluding interest on customer balances.
Restructuring costs of approximately $92 million were incurred related to workforce actions and tech transformation initiatives.
Share repurchases totaled $1.5 billion in the quarter, with $6 billion repurchased over the past four quarters.
Total active accounts increased by nearly 2 million to 438 million, with monthly active accounts up 2% year-over-year to 226 million.
Total payment volume grew 6% at spot and 5% on a currency-neutral basis to nearly $444 billion.
Transaction revenue accelerated to 4% growth to $7.4 billion, with other value-added services revenue growing 16% to $847 million.
Transaction take rate declined by 4 basis points to 1.68%, driven by foreign exchange hedges, product and merchant mix.
Venmo TPV increased 12%, marking its highest growth rate in 3 years, and branded experiences TPV grew 8% currency neutral.

PSFE

Financial Services

2mo

5% organic growth vs. 3% reported decline

Reported revenue declined by 3% to $428.2 million, but organic revenue growth was 5% for the quarter.

EZPW

Financial Services

2mo

Adjusted EBITDA rose 42% to $45.2 million with EBITDA margin expanding 280 basis points to 14.1%.
Diluted EPS increased 38% to $0.33, driven by operating leverage in the business model.
EBITDA for U.S. Pawn increased 31% to $50.3 million with margin expansion of 360 basis points to 23%.
EZCORP delivered record third quarter revenue of $319.9 million, up 14% year-over-year.
Gross profit rose 13% to $188.4 million, maintaining a gross margin of 59%.
Inventory increased 32% year-over-year, driven by higher purchasing activity, layaways, and lower inventory turns.
Jewelry now accounts for 67% of PLO and 65% of inventory in the U.S., driven by higher gold prices.
Latin America EBITDA rose 28% to $15.5 million with margin expansion of 90 basis points to 15%.
Latin American segment revenue increased 21% to $99.9 million, with PLO up 16% year-over-year.
Merchandise sales grew 10% with same-store sales up 9%, supported by strong customer demand.
Pawn loans outstanding (PLO) reached an all-time high of $293.2 million, up 12% year-over-year.
U.S. pawn segment revenue increased 11% to $220 million, with earning assets up 21% to $387.4 million.

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