PayPal’s fourth-quarter net profit fell 49% from a year earlier on revenue of $6.9 billion

2022-05-05 0 By

American Stock Research Society learned, according to The News of Finance Union, February 2, the payment service provider PayPal today announced the company’s fiscal 2021 fourth quarter and full year financial results.According to the report, PayPal’s net revenue in the fourth quarter was us $6.918 billion, up 13% from US $6.116 billion in the same period last year.Net income was $801 million, down 49% from $1.567 billion a year earlier.Excluding certain one-time items, which don’t comply with U.S. GAAP, PayPal reported adjusted net income of $1.319 billion, up 3% from $1.281 billion a year earlier.