Payment service provider PayPal announced today its financial report for the second quarter of the fiscal year 2021. According to the report, PayPal’s net revenue in the second quarter was US$6.238 billion, an increase of 19% compared to US$5.261 billion in the same period last year.
Excluding the impact of exchange rate changes, it was a year-on-year increase of 17%; net profit was US$1.184 billion. Compared with the 1.530 billion US dollars in the same period last year, it was a drop of 23%; the diluted earnings per share was 1.00 US dollars, which was a 23% decrease compared with the 1.29 US dollars in the same period last year.
