TRY FOR FREE

Venmo, Merchant Payments and User Base Growth Leads to PayPal's Growing Profits

PayPal Holdings, Inc., the global technology platform and payments leader, announced the results for the first quarter ending March 31, 2016. According to the findings of PayPal's first quarter, the company gained market share, expanded its customer base, deepened engagement with merchants and consumers and delivered on its financial commitments.

Here are the key financial highlights of PayPal's results:

1. The company showed a revenue of $2.544 billion with non-GAAP earnings per share of $0.37, rising 19% and 28% respectively from last year findings.

2. Around 4.5 million active customers were added to its servi ...

To continue reading, sign up for MEDICI Inner Circle and get free access for 7 days.
100,000+ FinTech professionals trust MEDICI Inner Circle to stay up to date on the latest in financial services.

RECOMMENDED