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PayPal makes strides toward better profitability in Q3

Article by Grace Broadbent  |  Oct 29, 2024
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PayPal makes strides toward better profitability in Q3
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Topics
Digital Payments
Mobile Payments
United States

By the numbers: PayPal’s total revenues increased 6% YoY in Q3 2024, per its earnings presentation, compared with 8% YoY last year.

  • Transaction revenues increased 6% YoY, primarily driven by Braintree, branded checkout, and Venmo.
  • Other value-added services revenues increased 2% YoY due to higher interest on customer balances, which was partially offset by lower credit revenues.

Here’s what propelled transaction revenue growth:

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