Paypal reported 244 million active customer accounts (of which 19.5 million were merchant accounts) for the quarter ending 30th June 2018 (Q2 2018), adding 7.7 million net new active accounts for the quarter. The company reported $ 3.86 billion in revenues in Q2, up 22% year-on-year (YoY). The Numbers Active User Base: 244 million active customer accounts, up 15% year on year. This includes 19.5 million merchant accounts. These are accounts that have been active for 12 months. Net adds: 7.7 million net new active accounts added in the quarter, up 18% YoY. International: 50% of accounts are active outside the US Transactions per active customer account: 35.7, up 9% year on year. Transactions: 2.3 billion transactions, up 28% YoY. Total Payments Volume: $139 billion, up 27% YoY. Last quarter, it was $132.3 billion Average Payment Value: $60, up 1% year over year. Transaction revenue (transaction fees on payments) grew 19% year on year, while revenue from other value-added services grew 49%. Other value added services include interest, fees on PayPal Credit, loans receivable, subscription fees, gateway fees, revenue from partnerships etc. Mobile: In Q2, PayPal processed $54 billion in mobile payment volume, representing 49% growth year over year. P2P: 24% of Total Payments Value came from P2P (Venmo, Paypal and Xoom). Venmo, the social payments platform, processed $14.2 billion in payment volume in Q2, an increase of 78% over last year. Take Rate (which is Total revenue / Total transaction value): was down at 2.77%, from 2.78% last quarter,…
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