PayPal’s third quarter performance for 2024 reports a total revenue of $7.847 billion, a 6% increase compared to the same quarter in the previous year. The total payment volume on the platform reached $422.641 billion, an increase of 9%, with the company recording a net profit of $1.01 billion according to GAAP accounting standards.
The number of active accounts saw an increase of 432 million over the past 12 months, with a total of 6.631 billion transactions made. CEO Alex Chriss, who has been in the position for a year, expressed that the company continues to progress with consistent advancements, embracing various transformations and introducing innovations to the market. They have extended partnerships with key merchants and launched marketing campaigns to enhance brand awareness.
Source: PayPal (pdf)
TLDR: PayPal’s Q3 2024 report showed growth in revenue, total payment volume, active accounts, and transactions, with CEO Alex Chriss highlighting the company’s ongoing progress and innovative initiatives.
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