“We're also on track to build upon our operating margin performance in Q3 to deliver a non-GAAP operating margin expansion in the fourth quarter on both a year-over-year and sequential basis.”

In context

“nd resilience. The power of PayPal is the scale of our global franchise. Our investments in innovation are making us stronger. And we're excited by what we see as we execute against our growth opportunities. I share Dan's enthusiasm for our growing relationship with Apple and the rollout of pay with Venmo on Amazon. We believe we will continue to extend and reinforce our leadership in payments. And we are confident that our competitive positioning with unparalleled scale across our two-sided network will allow us to emerge from this period of economic uncertainty stronger. We're proud of the quarter we delivered. We surpassed the third quarter financial targets we shared with you in early August and delivered on our commitment of sequential acceleration in our revenue and earnings growth. We're also on track to build upon our operating margin performance in Q3 to deliver a non-GAAP operating margin expansion in the fourth quarter on both a year-over-year and sequential basis. Our teams are energized by the progress we have made. And by the increased operational rigor we're bringing to running our business and investing in our priorities. At the same time, the macroeconomic backdrop continues to be complex and we're focused on taking an appropriately prudent approach to managing our business for profitable growth at scale. This year, we will process nearly $1.4 trillion of payment volume an increase from $1.25 trillion last year, and a 25% compound annual growth rate from $288 billion in 2015. At this massive scale, we are not immune to macro headwinds. As we close out 2022 and prepare for the year ahead, we're intensely focused on doing everything within our control to anticipate and mitigate ongoing macro risks and drive robust earnings growth. Given the brea”