By Allison Prang

 

PayPal Holdings Inc. raised its total payment volume and GAAP earnings guidance for the fiscal year.

The company now expects total payment volume to rise between 33% and 35%. It was expecting it to grow by about 30%.

The company expects GAAP earnings to be $3.49 a share, instead of $3.33 a share. It is still guiding for $4.70 in adjusted earnings.

PayPal still expects net revenue to rise about 20% at current spot rates. It is also still guiding for it to rise by 18.5% on a foreign-exchange neutral basis.

The company also still expects to add between 52 million and 55 million net new active accounts.

 

Write to Allison Prangn at allison.prang@wsj.com

 

(END) Dow Jones Newswires

July 28, 2021 16:56 ET (20:56 GMT)

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