PayPal's parent eBay announced financial results for 1Q2011.
eBay's Payments segment (including PayPal and BillMeLater) revenue was $992 million for the quarter, an increase of 23% year over year. Net total payment volume (TPV) for the quarter was $27.4 billion, an increase of 28% year over year. In term of revenue mix, Merchant Services (the off-eBay business) represented 63.0% of TPV. Active accounts (defined as active in the last 12 months) reached 97.7 MM, up 16% year over year. Bill Me Later's volume for the quarter was $0.32 billion, up 42% year over year.
The Payments segment contributed 38.9% of total revenue for the quarter.