PayPal has reported a net income of $1.29bn for the first quarter (Q1) of 2025, marking a 45% surge from $888m in the same quarter of the previous year.
Earnings per diluted share for the quarter reached $1.29, a 56% increase from the $0.83 reported in Q1 2024.
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Operating income grew by 31%, reaching $1.5bn in Q1 2025 compared with $1.16bn in the prior year.
The company’s net revenues rose 1% year-on-year, totalling $7.8bn.
Total payment volume (TPV) rose 3%, reaching $417.2bn, while payment transactions declined by 7%, with a total of 6.0 billion transactions processed.
Excluding payment service providers (PSPs), payment transactions saw a 6% increase.
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By GlobalDataThe number of payment transactions per active account (TPA) on a trailing 12-month basis decreased by 1% to 59.4.
The total number of active accounts rose by 2% to 436 million, while
on a sequential perspective, the figure rose by 0.3%, equivalent to 1.5 million accounts.
In the first quarter of 2025, PayPal returned $1.5bn to its stockholders, repurchasing approximately 19 million shares of common stock.
PayPal president and CEO Alex Chriss said: “PayPal had a great start to the year and our strategy is working. This is our fifth consecutive quarter of profitable growth with progress across branded checkout, PSP, omnichannel, and Venmo.
“We are transforming into the leading commerce platform connecting consumers and merchants globally. Our foundation is solid and we have multiple ways to win.”
Recently, the company expanded its collaboration with Coinbase, aiming to promote the adoption of the PayPal USD (PYUSD) stablecoin.
This will provide Coinbase’s customers with direct access to PYUSD and facilitate increased utility for institutions participating in cryptocurrency transactions.
