PayPal Posts Financial Results for Q4 and Full Year of 2020

Payments giant PayPal Holdings, Inc. announced on Wednesday its financials for the fourth quarter and full year of 2020, ending on December 31, 2020.

Key Financial Highlights for Q4:

• Total Payment Volume (TPV) of $277 billion, revealing a YoY increase of 36%;

• Net Revenues of $6.12 billion, up 23 percent year-on-year from $4.96 billion reported back in 2019; 

• GAAP EPS of $1.32, up 208% and non-GAAP EPS of $1.08, up 29%

• Net New Active Accounts (NNAs) added 16.0 million 

Key Financial Highlights for 2020:

• TPV of $936 billion, growing 31% on a year-on-year basis; 

• Net Revenues of $21.45 billion, increased by 21%;

• GAAP EPS of $3.54, up 71% and non-GAAP EPS of $3.88, up 31%;

• $5.9 billion in Operating Cash Flow and $5.0 billion in Free Cash Flow;

• NNAs added 72.7 million, compared to 37.3 million of the previous year.

Dan Schulman, President and CEO of PayPal, commented: "PayPal delivered record performance in 2020 as businesses of all sizes have digitized in the wake of the pandemic. In this historic year, we released more products than ever before and have dramatically scaled our acceptance worldwide, giving our 377 million consumer and merchant accounts even more reasons to use our platform."