Consistent Profitable Growth
PayPal reported its sixth consecutive quarter of profitable growth, with transaction margin dollars growing 8% year-over-year, excluding interest on customer balances. Non-GAAP earnings per share increased by 18% year-over-year.
Strong Venmo Performance
Venmo revenue grew by more than 20%, marking its highest revenue growth rate since 2023. Total Payment Volume (TPV) for Venmo increased 12%, the highest growth rate in 3 years.
Expansion of Buy Now, Pay Later (BNPL)
BNPL volume grew more than 20%, and monthly active accounts climbed 18%. Consumers using BNPL showed an average order value increase of more than 80% compared to standard branded checkout transactions.
Launch of PayPal World and Pay with Crypto
PayPal announced PayPal World, a platform enabling interoperability with major digital wallets, and Pay with Crypto, which could expand Total Addressable Market (TAM). The initiatives are expected to enhance branded checkout and payment flexibility.
Omnichannel Strategy and Debit Card Growth
Debit card TPV across PayPal and Venmo grew more than 60%, while monthly active accounts increased more than 65%.