PayPal met analyst expectations as it reported its Q4 2016 earnings yesterday (Jan 26) — while adding active uses and increasing payments volume.
The solid performance caps off a particularly active year for PayPal — its first full 365 day term as a fully independent entity. In his remarks to investors after the release, CEO Dan Schulman referred to the year as “transformative” – a nod to the spike in payment volume, customer adds and new partnership agreements with the likes of Visa, Mastercard, Citi and FIS.