PayPal's parent eBay announced
financial results for 2Q2011.
eBay's Payments segment (including PayPal and BillMeLater) revenue was $1,073 million for the quarter, representing PayPal's first billion dollar quarter, and an increase of 31% year over year. Net total payment volume (TPV) for the quarter was $28.7 billion, an increase of 34% year over year. In term of revenue mix, Merchant Services (the off-eBay business) represented 65.6% of TPV, up from 61% a year earlier. Merchant Services net TPV now includes net TPV for Bill Me Later whether used within or outside of the PayPal wallet. BML purchase volume is no longer individually broken out. 49% of payments revenue was international.
Active accounts (defined as active in the last 12 months) reached 100.3 MM, up 15% year over year.