Stable Revenue and Growth
Total payment volume grew 9% to $423 billion, and revenue increased 6% on a currency-neutral basis to $7.8 billion. Non-GAAP earnings per share increased 22% year-over-year, and significant free cash flow was generated.
Innovative Product Launches
Launch of new mobile checkout experiences with 100 basis points conversion lift for vaulted checkout and up to 400 basis points for onetime checkout. Fastlane was introduced with over 1,000 merchants using it.
Strong Performance in Venmo
Monthly active Venmo debit card accounts grew 30%, and monthly active Pay with Venmo users increased by 20%.
Braintree Contribution
Braintree transaction margin dollars showed meaningful growth for the second consecutive quarter.
PayPal Everywhere Success
Over 1 million first-time debit card users added since PayPal Everywhere launch, indicating strong adoption.