PayPal beat Wall Street estimates for first-quarter earnings and stuck to its annual profit forecast even at a time when U.S. President Donald Trump’s tariffs have fueled economic uncertainty. “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.” Alex Chriss President and CEO said.
1Q’25 Financial Results
- Net revenues increased 1% to $7.8 billion; 2% currency-neutral (“FXN”)
1Q’25 Operating Results
- . Total payment volume (“TPV”) increased 3% to $417.2 billion; 4% FXN
- Payment transactions decreased 7% to 6.0 billion. Excluding payment service provider4 (“PSP”), payment transactions increased 6%.
- Payment transactions per active account (“TPA”) on a trailing 12-month basis decreased 1% to 59.4. TPA ex-PSP4 increased 4%.
- Active accounts increased 2% to 436 million. On a sequential basis, active accounts increased by 0.3%, or by 1.5 million
- 45% of US branded checkout traffic on new experience
- 50% Pay with Venmo TPV growth in 1Q
- Added ~2M first-time PayPal and Venmo debit card users in 1Q
- 40% Venmo debit card monthly active account (MAA) growth in 1Q
- Meaningfully increased TM $ growth contribution from PSP in 1Q
- Launched optimized debit routing with Wayfair and Upwork & Fraud Protection Advanced with Regal Cinemas
- Added Solana and Chainlink to PayPal and Venmo wallets & enabled rewards for PYUSD holders
- Launched first remote Model Context Protocol (MCP) server for agentic commerce
- Branded checkout TPV growth driven by continued strength across large enterprise platforms, marketplaces within PayPal checkout, and Pay with Venmo