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PayPal adds 6.6 mln new users in Q4

Thursday 28 January 2016 | 09:14 CET | News
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PayPal added a record number of active users in the fourth quarter, growing its base by 6.6 million to 179 million at the end of 2015. The volume of payments over the service increase 23 percent year-on-year to USD 81.52 billion, of which 25 percent came from mobile. The total number of transactions reached 1.4 billion. The company's total revenues were up 17 percent to USD 2.6 billion, and its operating margin improved 20 basis points to 16 percent in Q4. Earnings increased 28 percent to USD 0.30 per share. PayPal said it also tripled the number of transactions on its payment app Venmo,

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Categories: Internet
Companies: PayPal
Countries: World
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