PayPal Holdings Inc (NASDAQ:PYPL) stock fell 4.51% (As on November 4, 1:49:18 AM UTC-4, Source: Google Finance) after the company reported third quarter earnings that beat analysts’ forecasts and revenue that topped expectations. The company delivered non-GAAP operating margin of 22.4%, declined 140 basis points and non-GAAP operating income of $1.5B, growing 4%. TPV excluding eBay grew 10% on a spot basis and 15% FXN, representing 98% of TPV. Venmo processed $63.6 billion in TPV, growing 6%, on top of 36% growth in Q3’21. 2.9 million NNAs was added in the quarter, with total active accounts of 432 million, up 4%. 5.6 billion payment transactions, up 15%. There were 50.1 payment transactions per active account on a trailing twelve month basis, growing 13%

PYPL in the third quarter of FY 22 has reported the adjusted earnings per share of $1.08, beating the analysts’ estimates for the adjusted earnings per share of 96 cents. The company had reported the adjusted revenue growth of 12 percent to $6.85 billion in the third quarter of FY 22, beating the analysts’ estimates for revenue of $6.82 billion.

Additionally, the cash, cash equivalents, and investments totaled $16.1 billion as of September 30, 2022.  Debt totaled $10.7 billion as of September 30, 2022. In Q3’22, generated cash flow from operations of $1.9 billion, increasing 29%, and free cash flow of $1.8 billion, increasing 37%. In Q3’22, repurchased approximately 10 million shares of common stock, returning $939 million to stockholders. Year-to-date through the end of Q3’22, returned $3.2 billion to stockholders through share repurchases

For the fourth quarter, net revenues is expected to reach ~$7.375 billion, growing ~7% on a spot basis and ~9% FXN and Revenue excluding eBay expected to grow ~8% on a spot basis and ~10% FXN. The non-GAAP earnings per diluted share expected to be in the range of ~$1.18-$1.20, compared to $1.11 in the prior year period.

For fiscal 2022, TPV expected to grow ~8.5% on a spot basis and ~12.5% FXN. Net revenues expected to reach ~$27.5 billion, growing ~8.5% on a spot basis and ~10% FXN. Revenue excluding eBay expected to grow ~12% on a spot basis and ~13% FXN. The non-GAAP earnings per diluted share is expected to the range of ~$4.07-$4.09, compared to $4.60 in FY’21. Approximately 8-10 million Net New Actives (NNAs) expected to be added in FY’22.