PayPal non-GAAP EPS numbers are guided to be the same as last year – $5.10. But they are planning on including SBC in non-gaap, so shouldn’t they actually demonstrate growth and have accretive EPS given former years SBC is not included in non-GAAP. The reason for the price falling post print was FY’24 non-GAAP EPS guidance equivocation to FY’23, but you can’t directly compare EPS numbers because of accounting change. Am I missing something?
