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PayPal Third Quarter 2021 Results San Jose , California , November 8 , 2021 Q3'21 : Total Payment Volume ( TPV ) reaches $ 310 billion with 416 million active accounts TPV of $ 310 billion , growing 26 % , and 24 % on an FX - neutral basis ( FXN ) ; net revenue of $ 6.18 billion , growing 13 % on a spot and FXN basis GAAP EPS of $ 0.92 compared to $ 0.86 in Q3'20 ; non - GAAP EPS of $ 1.11 compared to $ 1.07 in Q3'20 13.3 million Net New Active Accounts ( NNAs ) added ; ended the quarter with 416 million active accounts Operating Cash Flow of $ 1.51 billion , growing 15 % ; Free Cash Flow of $ 1.29 billion , growing 20 % ● ● ● ● FY'21 : Revenue expected to grow ~ 18 % and end the year with > 430M active accounts TPV growth now expected to be in the range of ~ 33 % -34 % at current spot rates and ~ 31 % -32 % on an FXN basis ; net revenue expected to be in the range of ~ $ 25.3 billion to ~ $ 25.4 billion , representing growth of ~ 18 % at current spot rates and ~ 17 % on an FXN basis ● ● ● GAAP EPS expected to be ~ $ 3.62 compared to $ 3.54 in FY'20 ; non - GAAP EPS expected to grow ~ 19 % to ~ $ 4.60 ~ 55 million NNAs expected to be added in FY'21 , including ~ 3 million active accounts added from the acquisition of Paidy Venmo users in the U.S. will be able to pay with Venmo on Amazon.com starting in 2022 Q3'21 Highlights Net Revenues Operating Income EPS PAYPAL HOLDINGS , INC . ( NASDAQ : PYPL ) * On a spot and FXN basis GAAP YOY USD $ Change $ 6.18B $ 1.04B $ 0.92 7 % Non - GAAP 13 % * $ 6.18B 7 % USD $ $ 1.47B $ 1.11 YoY Change 13 % * ( 1 % ) 4 % 00 Our third quarter results show solid growth on top of a record year . The strength of PayPal's two - sided platform and ubiquity in our core markets has set us up to grow at scale , expand our work with existing merchants and attract new partners . We're thrilled that we are teaming up with Amazon to enable customers in the U.S. to pay with Venmo at checkout . " Dan Schulman President and CEO