PayPal reported fourth quarter earnings after the bell on Thursday, and they were just what investors were expecting. The stock was flat in initial after-hours trading, techcrunch.com. 

Revenue came in at $2.98 billion, which is on par with analyst estimates and a 17% increase from last year. Adjusted earnings per share was 42 cents, which is also what Wall Street was forecasting.

Total payment volume was $99 billion, slightly below estimates of $101 billion, but a 22% jump from last year.