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How did Q4 perform in Q4 2022?

Q4 adjusted EPS of $1.48, topping the $1.36 consensus, increased from $1.30 in Q3 and $1.24 in Q4 2022. Non-GAAP operating margin of 23.3% expanded from 22.2% in Q3 and 22.9% in Q4 2022. Total active accounts totaled 426M at Dec. 31, 2023, down from 428M at Sept. 30 and 435M at Dec. 31, 2022.

How did Q4 performance compare to Q3?

Total active accounts totaled 426M at Dec. 31, 2023, down from 428M at Sept. 30 and 435M at Dec. 31, 2022. Meanwhile, transactions per active account rose to 58.7 from 56.6 in Q3 and 51.4 a year earlier. Q4 revenue of $8.03B, exceeding the $7.87B consensus, climbed from $7.42B in the previous quarter and $7.38B a year ago.

Are 4q23 earnings too bad?

4Q23 earnings weren't too bad. Shares are trading down $1.48 in after hours. Revenues seem to be growing. In 3Q23, net revenues were $7.4 bill vs 4Q23 net revs of $8.0 bill. Liabilities are trending down. Cash is trending up.

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