$PYPL Q1 RESULTS & GUIDANCE: Q1 Results: 🔸 Adj. EPS: $1.33 (vs. est. $1.16; up from $1.08 y/y) 🔸 Payment volume: $417.2B (+3.3% y/y; est. $419.2B) 🔸 Venmo: $75.9B (+9.6% y/y) 🔸 Net revenue: $7.79B (+1.2% y/y; est. $7.85B) 🔸 Transaction margin dollars: $3.72B (+7.4%; est. $3.62B) 🔸 Payment transactions: 6.05B (–7.1%; est. 6.67B) 🔸 Active accounts: 436M (+2.1%; est. 434M) Q2 Guidance: 🔸 Adj. EPS: $1.29–$1.31 (est. $1.22) 🔸 Transaction margin dollars: $3.75B–$3.80B (est. $3.74B) Full-Year Guidance (Unchanged): 🔸 Adj. EPS: $4.95–$5.10 (est. $5.02) 🔸 Transaction margin dollars: $15.2B–$15.4B (est. $15.22B) 🔸 Free cash flow: $6B–$7B (est. $6.74B) 🔸 Capex: ~$1B (est. $919M)