Advertisement

PayPal Q4 Revenue Rises 22% Year-Over-Year

Jan. 27, 2011

E-commerce and online payments giant eBay Inc. recently reported fourth-quarter profits of $559 million on a GAAP basis, and non-GAAP net income of $684 million. For the full year, eBay Inc. posted $9.2 billion in revenue, net income on a GAAP basis of $1.8 billion and non-GAAP profits of $2.3 billion. The company’s PayPal unit reported Q4 revenue rose 22 percent compared with the same period in 2009 to $971 million. Total payment volume for the online payment service was $26.9 billion in the fourth quarter, driven primarily by growth in its merchant services business. eBay noted in its earnings report that nearly half of PayPal's revenue in the fourth quarter was generated outside the United States, reflecting PayPal's global growth. The company said it continued to innovate in mobile payments and digital goods, launching new products and services to expand its presence on new devices and platforms. For the full year, PayPal mobile payment volume increased five times compared to 2009. "We are driving strong global growth at PayPal and strengthening our core eBay business,” said eBay Inc. President and CEO John Donahoe. “And we are innovating quickly in areas such as mobile, which is helping to position us at the forefront of trends shaping the future of shopping and payments.”



Advertisement


  • Samsung Launches Samsung Pay - March 5, 2015
    Samsung Launches Samsung Pay

    Samsung this week launched its in-store mobile payment solution that looks and sounds a lot like Apple Pay, but its inclusion of technology from its new acquisition LoopPay may give it the edge in the short term.

  • Report: West Virginia Hospitable for CNP Fraudsters - March 2, 2015
    Report: West Virginia Hospitable 

for CNP Fraudsters

    In a state-by-state comparison in the U.S., a new report found West Virginia topped the list for the highest percentage of residents who had been victimized by fraud and for the state with the most fake IP addresses used by fraudsters to perpetrate card-not-present fraud.

  • Uber Confirms Driver Database Hacked - March 2, 2015
    Uber Confirms Driver Database Hacked

    On Friday, Uber acknowledged a data security breach that affected 50,000 of its drivers and said in it had become aware of the breach in September of 2014 and that the intrusion itself occurred on May 13, 2014.

  • ACI to Keep and Develop ReD Shield - Feb. 5, 2015
    ACI to Keep and Develop ReD Shield

    Florida-based processor ACI Worldwide this week said it has "confirmed its commitment" to the continuing development of the antifraud technology it inherited in its August acquisition of software provider ReD.

  • Cook: 2015 'Year of Apple Pay' - Feb. 2, 2015
    Cook: 2015 ‘Year of Apple Pay’

    Apple CEO Tim Cook said Apple Pay now accounts for more than two thirds of all dollars spent on in-store contactless payments across the three biggest U.S. card networks and called 2015 "the year of Apple Pay


      Request the CNP Media Kit today

 

 

Sign Up Today Free

Receive the twice weekly CNP Report and monthly feature articles providing in-depth examinations of global CNP issues.

Please take a moment and register.
* First Name:

* Last Name:

* Password:

* Confirm Pwd:

* Email:

* Category:

Company:

 
Captcha
Answer:

 

 

CNP Archive

Researching companies or people in the CNP industry? Search our past coverage for targeted news and information.

Search here