Annual revenue of PayPal 2010-2023

PayPal reported its strongest growth in 2020, with an annual revenue that increased by over 20 percent year-on-year. The digital payment provider’s biggest revenue segment is transaction revenues, which amounted to about 19 billion U.S. dollars during the most recently measured period.

PayPal usage in online shopping

With 305 million active registered user accounts, PayPal is one of the biggest digital payment providers worldwide. The company enables users to make online, mobile and peer-to-peer payments, and is a popular payment method for digital purchases on sites ranging from eBay to Amazon. As of December 2018, 36 percent of North American retailers were already accepting customer payments via PayPal and 34 percent were intending to do so within the next two years. PayPal is particularly useful for international purchase payments as not every online user has access to a credit card and local payment methods offered by online sellers can differ. In 2018, 19 percent of PayPal's payment volume was generated through cross-border transactions.