our ready realize to I'm Dan. ahead. by long-term team's another our sustainable demonstrate on The our excited outstanding an great results off pleased build today on year start deliver of employees key for our momentum, PayPal partners, reporting XXXX XXXX value creation. our I with we're thanking helping to year. the and initiatives consistent entering customers, us the about want year to focused and We're execution strategy and was Thanks, accomplishments. for
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versus gains net Adjusting XX.X% ended cash, EPS fourth the Non-GAAP the In cash was for EPS to unrealized quarter investments We grew last XX% of the our fourth rate $X.XX. year. equivalents billion. quarter, non-GAAP tax grew non-GAAP and for effective XX%. with quarter $XX.X XX.X%
billion $X than cash approximately every more generated we or of addition, flow In of free for dollar free cash flow revenue. of $X.XX
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for first the our guidance year preliminary and I'd that now XXXX to for outlook like the expectations. raising to the discuss October, we quarter. we full Relative in our revenue provided
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expect For grow the in range. to full year, the percentage TPV we XX mid
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period, of of same for rate. the the the rest our rate growth growth has times XX% XX Over or eBay's been business
we our to transition continued a managed result, successfully navigate its remain eBay's program. confident ability As to payments in
outlook turn for now was would our that core XXXX to have our indicated EPS call, preliminary quarter growth Since third in XX%. I to earnings On we then expectations to EPS improved. our XX% growth guidance. our like for
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sized cross-border shopping our develop XXXX Chinese for in addition cross-border building businesses new and local In following our small and of we're acquisition and infrastructure China the our GoPay, upon in partnership investing to Chinese strengthen platform foundation UnionPay capabilities consumers. with our and for medium Chinese of a experience
experiences also We for be investing visiting to in-store non-Chinese consumers China. shopping will enable
partnerships, spending just to expansion in-store remain international by like point-of-sale key This In prioritizing on points to our our also expansion flat invest expectations as strategies. new also XXXX, other contemplated expect medium-term of to investing of to annual essentially times acquisitions, as while some context our our by in to I'd average expanded acquisition-related rate provide our result continuing our X in for operating absorbing or we recent we strategic XXXX, related our XXX a basis dilution, operating guidance. margin our initiatives. Venmo, margin In performance. nearly Dan in our year operating we're addition approximately the discussed, and margin
history, We in operating the to in expect significant investing margin with deliver highest while growth consistent performance opportunities. these our
anticipate our We XX%. between will tax effective be XX% rate non-GAAP and
XXXX, and For we generate structure. approximately $X.X maintaining XXXX, return efficient billion, in for continue In growth every billion to $X.XX revenue. as XXXX, than investments shareholders exceed with capital repurchases of an to free balance returned through we acquisitions. announced approximately of $X cash dollar stock will to we cash In of free of capital billion $X.X we flow expect cash more flow to continue while
opportunistic. is return same to the with plan commitment consistent At we flexibility continue our the shareholders, balance to us and return. pipeline to gives sheet acquisition time, our Our be capital stated for cash to healthy long-term
$X.XX the a in billion billion basis. we expect of XX% $X.XX revenue or quarter, growth For on XX% first the to to currency-neutral range
growth to of We of share $X.XX, expect $X.XX XX%. representing to per non-GAAP be in range the XX% to earnings
of XX% impact to acquisitions, growth. XX% guidance the earnings represents Excluding our
in of to half acquisitions back dilutive more our half a impact XXXX in year. in the the expect of announced than XXXX the on We have first earnings
$X.XX weighted second is the result, first a $X.XX As the quarters to XXXX. dilution earnings and per of non-GAAP heavily more share expected of to
We're performance In highest the At margin and same record XXXX. strengthened operating will pleased and of in sheet our generation. addressable and in growth, our stakeholders. merchant to our delivered new that flow continue to the platform, our core diversified capabilities expanding value our launched expansion margin our and execution strong our flexibility propositions, market. we're and our value with We cash our summary, and advanced to financial are medium-term allow total delivering revenue balance consumer strength time, of markets, we operating partnerships targets priorities that strategic free are our and developing committed us confident
back hand it over questions. to Thank I'll for you. that, the With operator
