During the second quarter of 2024, PayPal's net revenue grew by nearly eight percent when compared to the same period the year before. PayPal regularly ranks as one of the most-used products, along with Apple Pay and Google Wallet. As users become aware of mobile shopping possibilities, more people will begin using mobile wallet and PayPal had set themselves up to take advantage of this market with annual mobile payment volume growing for years. Since 2023, however, analysts began to question PayPal's business model, observing a growing reliance of the company on its daughters Venmo and Braintree.
Revenue of PayPal from 1st quarter of 2010 to 2nd quarter of 2024
Characteristic
Revenue (in million U.S. dollars)
Year-on-year percentage change (%)
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GAAP revenue, on a reported basis; The figures have been taken from several publications and calculated by Statista. Figures prior to 2015 stem from eBay - before PayPal became its own company.
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Statista, & US Securities and Exchange Commission. (July 30, 2024). Revenue of PayPal from 1st quarter of 2010 to 2nd quarter of 2024 [Graph]. In Statista. Retrieved September 11, 2024, from https://www.statista.com/statistics/218517/paypals-net-revenue-per-quarter/
Statista, und US Securities and Exchange Commission. "Revenue of PayPal from 1st quarter of 2010 to 2nd quarter of 2024." Chart. July 30, 2024. Statista. Accessed September 11, 2024. https://www.statista.com/statistics/218517/paypals-net-revenue-per-quarter/
Statista, US Securities and Exchange Commission. (2024). Revenue of PayPal from 1st quarter of 2010 to 2nd quarter of 2024. Statista. Statista Inc.. Accessed: September 11, 2024. https://www.statista.com/statistics/218517/paypals-net-revenue-per-quarter/
Statista, and US Securities and Exchange Commission. "Revenue of Paypal from 1st Quarter of 2010 to 2nd Quarter of 2024." Statista, Statista Inc., 30 Jul 2024, https://www.statista.com/statistics/218517/paypals-net-revenue-per-quarter/
Statista & US Securities and Exchange Commission, Revenue of PayPal from 1st quarter of 2010 to 2nd quarter of 2024 Statista, https://www.statista.com/statistics/218517/paypals-net-revenue-per-quarter/ (last visited September 11, 2024)
Revenue of PayPal from 1st quarter of 2010 to 2nd quarter of 2024 [Graph], Statista, & US Securities and Exchange Commission, July 30, 2024. [Online]. Available: https://www.statista.com/statistics/218517/paypals-net-revenue-per-quarter/
