PayPal reported full-year 2024 results on 4 February 2025, posting net revenues of $31.8 billion, an increase of 7% on a year-on-year basis. Total payment volume for the year reached $1.68 trillion, a 10% rise from the prior year.
The company's active accounts grew by 8.8 million over the course of the year to reach a total of 434 million. The metric had contracted during 2023 and into early 2024; active accounts rose 2.1% year on year.
FREE CASH FLOW AND SHAREHOLDER RETURNS
PayPal generated $6.8 billion in free cash flow during 2024. PayPal returned $6.0 billion to shareholders through share repurchases over the course of the year.
Alongside the annual results, the company announced a new $15 billion share repurchase authorisation. The authorisation is in addition to the existing June 2022 programme, which had $4.86 billion remaining at 31 December 2024.
OUTLOOK
PayPal's current chief executive assumed the role in 2023.
PayPal's businesses include its consumer digital wallet, the Venmo peer-to-peer platform, the Braintree merchant processing and gateway business, and commerce tools for online and omnichannel retailers. PayPal issued 2025 guidance alongside the results, forecasting full-year non-GAAP EPS of $4.95 to $5.10.