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CLAIM #50627 · PayPal Holdings Inc (PYPL) · 2022Q3 earnings call · Nov 3, 2022 · due Dec 31, 2022

We also expect to deliver non-GAAP operating margin of at least 21% this year.

Gabrielle Rabinovitch · Acting CFO

PENDING
graded after results covering Dec 31, 2022 are reported

In context

ok. That said, our earnings guidance reflects the resilience and power of our franchise. In raising our EPS outlook again, we're demonstrating our control over operating expenses, the diversification of our business and the benefits from scale to our operating model. We believe that our ability to raise our earnings guidance in this environment is especially distinguishing relative to other public company guidance we've seen for Q4. For the full year, we now expect revenue to grow approximately 10% on a currency neutral basis, and approximately 8.5% at spots. For the fourth quarter, we expect revenue growth of approximately 9% on a currency neutral basis, and approximately 7% at spot. We believe our Q4 and full year revenue growth guidance is strong given our scale and the macro backdrop. We also expect to deliver non-GAAP operating margin of at least 21% this year. For the first three quarters of 2022, our operating margin has declined year-over-year. Importantly in the fourth quarter, we expect this trend to inflect and to deliver non-GAAP operating margin expansion. Our guidance contemplates Q4 operating margin of approximately 22.5%. In addition, we're raising non-GAAP EPS to $4.07 to $4.09 for the year. As we noted entering the year, discrete tax benefits and reserve releases last year in the aggregate benefited 2021 non-GAAP EPS by approximately $0.54 and are a headwind to our EPS growth profile this year. Based on our expectations for revenue and operating margin in the fourth quarter, we expect non-GAAP EPS of approximately $1.18 to $1.20. We expect to finish 2022 in a stronger position than we started it, with greater operating discipline an

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SEC filings for PYPL · Claim quote is verbatim from the 2022Q3 earnings call.