PayPal's Financial Performance

eBay reported earnings yesterday - including results from PayPal. At the end of the quarter, PayPal reported 45.6 million user accounts, a growth of 67% over last year. PayPal's total purchase volume for the quarter was $4.3 billion, a growth of 64% over last year, and generated revenues of $158.2 million, a growth of 66% over last year. PayPal's loss rate came down to 27 basis points vs. 31 basis points in the December quarter.

Based on this report, PayPal now has more users than AOL (AOL has 40.2M users according to a recent comScore Media Metrix analysis). Given PayPal's currrent user account growth rates, they'll likely pass up HotMail this month, and Yahoo in June.