About This Statistic
This statistic shows the net revenue per quarter of PayPal as of the fourth quarter of 2016. During the most recently reported period, the online money transfer provider's net revenue was 2.98 billion U.S. dollars.
PayPal continues to grow fast, especially as consumers increasingly use the web and their mobile devices to pay for what they buy. PayPal’s net revenue has been increasing steadily since 2010 - the payment provider usually sees a revenue jump associated with increasing usage during the holiday period with stable revenue growth during the following quarters. This comes at a time when mobile wallet services, payment services via a mobile device, are increasing. In November 2015, 41 percent of consumers in the United States were aware of mobile payment methods, but only 32 percent of consumers had used the service to make a purchase.
Especially in the advanced digital market of the United States, there are many digital wallets to chose from. PayPal regularly ranks as one of the most-used products, along with Apple Pay and Google Wallet. In 2015, 70.8 percent of mobile users accessed their mobile device to purchase on their mobile devices. As users become aware of mobile shopping possibilities, more people will begin using mobile wallet and PayPal has set themselves up to take advantage of this market with annual mobile payment volume already reaching 66 billion U.S. dollars in 2015. In the second quarter of 2016, the digital payment provider processed close to 1.5 billion digital and mobile payments.