Record Earnings Growth
PayPal delivered its fifth consecutive quarter of profitable growth with non-GAAP earnings per share increasing 23% year-over-year.
Strong Transaction Margin Growth
Transaction margin dollars grew by 8%, excluding the impact of last year's leap day, driven by multiple sources including omnichannel commerce, Venmo, and PSP.
Venmo's Significant Revenue Growth
Venmo achieved 20% revenue growth, driven by increased monetization efforts and expanded merchant availability.
Expanding PayPal's Omnichannel Strategy
Branded experiences TPV grew 8% excluding last year's leap day, highlighting the success of PayPal's omnichannel initiatives.
Innovative Product Developments
PayPal introduced new initiatives in AI, personalization, and ads, as well as enhancements in crypto offerings with PYUSD rewards.