PayPal reported strong fourth-quarter and full-year results for 2024, demonstrating solid growth and a strong foundation for its future transformation.

**Key Fourth Quarter Highlights:**
- Net revenues increased by 4%, reaching $8.4 billion, or 4% on a currency-neutral basis.
- Transaction margin dollars rose 7% to $3.9 billion.
- GAAP operating income decreased by 17% to $1.4 billion, while non-GAAP operating income grew by 2% to $1.5 billion.
- GAAP operating margin decreased by 431 basis points to 17.2%, while non-GAAP operating margin contracted slightly by 34 basis points to 18.0%.
- GAAP EPS decreased by 15% to $1.112, while non-GAAP EPS increased by 5% to $1.19.

**Key Full Year 2024 Highlights:**
- Net revenues grew by 7% to $31.8 billion, or 7% on a currency-neutral basis.
- Transaction margin dollars increased by 7% to $14.7 billion.
- GAAP operating income rose by 6% to $5.3 billion, while non-GAAP operating income increased by 14% to $5.8 billion.
- GAAP operating margin contracted by 14 basis points to 16.7%, while non-GAAP operating margin expanded by 116 basis points to 18.4%.
- GAAP EPS increased by 4% to $3.993, while non-GAAP EPS grew by 21% to $4.65.

**Transaction and Account Growth:**
- Total payment volume (TPV) in the fourth quarter increased by 7% (7% FXN) to $437.8 billion, and TPV for the full year increased by 10% (10% FXN) to $1.68 trillion.
- Payment transactions in the fourth quarter decreased by 3% to 6.6 billion, while for the full year, payment transactions increased by 5% to 26.3 billion.
- Active accounts grew by 2.1% (8.8 million), reaching 434 million, with a sequential increase of 0.6% (2.6 million) in the fourth quarter.
- Payment transactions per active account increased by 3%, reaching 60.6 on a trailing 12-month basis.

CEO Alex Chriss expressed pride in the company's progress, noting that the improvements made to key areas like branded checkout, peer-to-peer, and Venmo are starting to reflect in the results. He emphasized the company's positive momentum going into 2025, with a focus on scaling adoption and continuing long-term, profitable growth.