PayPal Second Quarter 2007 Results
eBay reported second quarter 2007 financial results today - saying that "PayPal had another exceptional quarter, with accelerating Total Payment Volume (TPV) and revenue growth. PayPal’s Merchant Services business recorded outstanding results, as PayPal expanded its global footprint to new geographies and currencies during the quarter."
PayPal net revenues totaled $454 million in Q2-07, a growth rate of 34% over the $339 million reported in Q1-06. PayPal's total payment volume (TPV) was $11.69 bill in Q2-07, up 32% from Q2-06. PayPal Merchant Services contributed $4.92 billion globally to the $11.69 billion in global TPV in Q2-07, representing a 57% increase from the $3.13 billion reported in Q2-06.
PayPal had 153.1 million total accounts at the end of Q2-07, a 35% increase from the 113.7 million reported at the end of Q2-06 and up 10 million from the prior quarter. Of that number of total accounts, 35.9 million were active in the quarter, up 22% from Q2-06.
PayPal reported a transaction revenue rate of 3.70% for the quarter, a transaction expense rate of 1.12% and a transaction loss rate of 0.29%.
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