PayPal topped expectations for earnings, revenue and a range of metrics in a first-quarter earnings report after the market close on Wednesday.
Revenue grew 19% to $2.54 billion, versus a forecast of just more than $2.5 billion. Earnings per share increased 28% to 37 cents, 2 cents above the consensus.
“In many ways this was our best quarter since I joined PayPal,” CEO Dan Schulman told investors during a Wednesday conference call. Schulman joined the company in 2014 and led it through the July 2015 spinoff from eBay.
