PayPal Q4 and FY 2018 results


PayPal reported operating and financial results for the fourth quarter and all of 20-18. The gist? Another record year. PayPal added 38.7 million net new active accounts in 2018, most in any year ever. Grand total? 267 million active accounts worldwide. 13.8 million added in Q4 alone. Most in any quarter ever. PayPal processed nearly 10 billion transactions in 2018 – amounting to 578 billion dollars in volume. And PayPal customers now averaging almost 37 transactions per year – that’s up 9% year-over-year. 41% of total payment volume happening on a mobile device… like with PayPal’s One Touch product – highest conversion rate in the industry – more than 123 million consumers opted in, up 11 million from last quarter. And Venmo continues to scale to new heights. 62 billion dollars in payment volume in 2018, an increase of nearly 80% over 2017. PayPal continues to partner to give customers more choice… PayPal now counts 20 major global financial institutions as partners, allowing for things like using your credit card rewards points for PayPal purchases… that launched with Citi and Discover last quarter…more to come! And just announced, a major partnership with Paymentus, an electronic billing company with a thousand-plus large scale clients throughout North America. More details on everything you just watched at paypal.com/stories.

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