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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.”

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