Quarterly revenue of PayPal 2010-2024
During the second quarter of 2024, PayPal's net revenue grew by nearly eight percent when compared to the same period the year before. PayPal regularly ranks as one of the most-used products, along with Apple Pay and Google Wallet. As users become aware of mobile shopping possibilities, more people will begin using mobile wallet and PayPal had set themselves up to take advantage of this market with annual mobile payment volume growing for years. Since 2023, however, analysts began to question PayPal's business model, observing a growing reliance of the company on its daughters Venmo and Braintree.
