PayPal Holdings Inc. (PYPL - Snapshot Report) released their first quarter fiscal 2016 earnings results, posting earnings of $0.32 per share and revenue of $2.544 billion.

Currently, PYPL has a Zacks Rank #2 (Buy), but it is subject to change following the release of the company’s latest earnings report. Here are 5 key statistics from this just announced report below.

PayPal:                                    

Beat earnings estimates. The company posted $0.32 per share, beating our Zacks Consensus Estimate of $0.30. These numbers exclude $0.02 for non-recurring items.

Beat revenue estimates. The company saw revenue figures of $2.544 billion, topping our estimate of $2.502 billion.

“Our focus on payments and ability to innovate for merchants and consumers continues to differentiate PayPal and drive our growth in a dynamic and competitive environment”-CEO Dan Schulman.

PayPal expects sales growth between 16% - 18% on an FX-neutral basis for the second quarter.

PYPL was up $1.61, or 4.02%, to $41.62 as of 4:14 PM ET in after hours trading shortly after its earnings report was released.

Here’s a graph that looks at PayPal’s quarterly revenue and operating income growth.

PayPal Holdings, Inc. is a technology platform company. The Company offers online payment solution which allows customers to pay and get paid, withdraw funds to their bank accounts and hold balances in their PayPal accounts in various currencies. It payment platform includes PayPal, PayPal Credit, Venmo and Braintree products. PayPal Holdings, Inc. is based in San Jose, California.