Last Updated: April 2024
PayPal is the most popular payment app and interface, with the largest market share of nearly 42% globally.
The practice of making purchases online was still frowned upon in the late 90s. There was no guarantee that the ordered items would arrive or that incorrect payments would be refunded. One of the first methods of payment to try to tame the wild west was PayPal.
In 2023, PayPal reported a staggering revenue of $7.04 billion for the first quarter, showcasing a remarkable 8.59% increase compared to the previous year. This exponential growth can be attributed to its ever-expanding user base, which reached a remarkable milestone of 223 million active accounts worldwide.
In this post, we have put together all the latest PayPal statistics and facts you should know in 2023.
The contents of this post are as follows:
PayPal Key Stats 2023
- PayPal annual revenue accounted for $27.5 billion in 2022, up 8.7% from $25.3 billion revenue in 2021. Furthermore, PayPal revenue has continuously increased since 2010.
- PayPal quarterly revenue increased to $7.04 billion in Q1 2023 compared to $6.48 billion in the same quarter last year.
- PayPal active users or accounts numbered 433 million in March 2023.
- PayPal earnings declined to $2.4 billion in 2022 compared to $4.1 billion in 2021.
- PayPal revenue breakdown reveals that transaction revenues generate 90.4%, the majority of revenue.
- PayPal per account transactions are 53.1 as of Q1 2023.
- PayPal total payment volume (TPV) crossed $1.36 trillion in 2022.
- PayPal market share is the highest at nearly 42% globally.
PayPal Revenue 2023
PayPal Annual Revenue
PayPal annual revenue amounted to $27.5 billion in 2022, an increase of 8.7% year-over-year.
Furthermore, PayPal has reported an increase in annual revenue every year since 2010.
| Date | Revenue ($bn) |
| 2010 | 3.5 |
| 2011 | 4.5 |
| 2012 | 6 |
| 2013 | 6.7 |
| 2014 | 8 |
| 2015 | 9.2 |
| 2016 | 10.8 |
| 2017 | 13 |
| 2018 | 15.4 |
| 2019 | 17.7 |
| 2020 | 21.4 |
| 2021 | 25.3 |
| 2022 | 27.5 |
Source: Company Data
PayPal Quarterly Revenue
PayPal generated revenue of $7.04 billion in Q1 2023, an increase of 8.59% year-over-year.
| Date | Revenue ($bn) |
| Q1 2017 | 2.97 |
| Q2 2017 | 3.13 |
| Q3 2017 | 3.23 |
| Q4 2017 | 3.74 |
| Q1 2018 | 3.68 |
| Q2 2018 | 3.85 |
| Q3 2018 | 3.68 |
| Q4 2018 | 4.22 |
| Q1 2019 | 4.12 |
| Q2 2019 | 4.3 |
| Q3 2019 | 4.37 |
| Q4 2019 | 4.96 |
| Q1 2020 | 4.61 |
| Q2 2020 | 5..26 |
| Q3 2020 | 5.45 |
| Q4 2020 | 6.11 |
| Q1 2021 | 6.03 |
| Q2 2021 | 6.24 |
| Q3 2021 | 6.18 |
| Q4 2021 | 6.92 |
| Q1 2022 | 6.48 |
| Q2 2022 | 6.8 |
| Q3 2022 | 6.85 |
| Q4 2022 | 7.38 |
| Q1 2023 | 7.04 |
PayPal Earnings
In 2022, PayPal reported $2.4 billion in net income, a nearly 50% decrease from the previous year.
Speaking of Q1 2023, PayPal’s earnings for the quarter stood at $0.795 billion, a 56.19% increase year-over-year.
| Date | Net Profit ($bn) |
| 2012 | 0.8 |
| 2013 | 0.9 |
| 2014 | 0.4 |
| 2015 | 1.2 |
| 2016 | 1.4 |
| 2017 | 1.8 |
| 2018 | 2 |
| 2019 | 2.4 |
| 2020 | 4.2 |
| 2021 | 4.1 |
| 2022 | 2.4 |
| Q1 2023 | 0.8 |
Source: Company data
PayPal Payment Volume
PayPal’s payment volume first surpassed the $1 trillion mark in 2021, and it then reached $1.36 trillion in 2022.
In Q1 2023, PayPal’s total payment volume (TPV) amounted to $354.5 billion.
| Date | Payment volume ($bn) |
| 2014 | 235 |
| 2015 | 282 |
| 2016 | 355 |
| 2017 | 451 |
| 2018 | 578 |
| 2019 | 712 |
| 2020 | 936 |
| 2021 | 1250 |
| 2022 | 1363 |
| Q1 2023 | 354.5 |
Source: Company Data
Also read: Best Virtual Assistants For Hire
How Does PayPal Make Their Money?
PayPal offers global payment options for both digital and mobile transactions. Fees on payment transactions account for the majority of PayPal revenue.
PayPal Revenue Breakdown
As of Q1 2023, the majority of PayPal revenue comes from transaction fees (90.4%). While revenue from other value added services accounts for only 9.6% of revenue.
PayPal Users Statistics
PayPal Annual Users
PayPal annual active users numbered 435 million in 2022. These users made at least one transaction in the year.
As of Q1 2023, there are 433 million active PayPal accounts.
| Year | Users (mm) |
| 2013 | 143 |
| 2014 | 161 |
| 2015 | 179 |
| 2016 | 197 |
| 2017 | 227 |
| 2018 | 267 |
| 2019 | 305 |
| 2020 | 377 |
| 2021 | 426 |
| 2022 | 435 |
| Q1 2023 | 433 |
Source: Company Data
How Many People Use PayPal Every Month
PayPal monthly active users are expected to reach 223.3 million globally in 2023, according to recent data. The figure refers to Internet users 14 years of age and older who access their PayPal accounts and/or make at least one monthly purchase using the payment service.
This represents a 6.7% annual increase from 2022’s 209.3 million users, when PayPal’s user base surpassed 200 million for the first time.
PayPal Users by Country 2022
In 2022, German and Brazilian consumers used PayPal for in-store transactions more frequently than American consumers did.
Germany has the most (91%) of its users using PayPal for online payments, with Italy and Spain coming in second and third, respectively, at 90% and 89%.
| Country | Stores, restaurants or other POS | Online |
| Brazil | 54% | 86% |
| Germany | 49% | 91% |
| Italy | 48% | 90% |
| United States | 56% | 82% |
| France | 39% | 88% |
| Canada | 33% | 87% |
| Austria | 31% | 84% |
| Australia | 29% | 82% |
| Netherlands | 22% | 70% |
| Spain | 0% | 89% |
| Mexico | 0% | 87% |
| South Africa | 0% | 85% |
| Finland | 0% | 79% |
| Poland | 0% | 77% |
| India | 0% | 49% |
| Russia | 0% | 46% |
| China | 0% | 11% |
Source: Statista
PayPal Vendors Accounts
In 2022, there were 35 million PayPal merchant accounts.
| Date | Accounts (mm) |
| 2015 | 13 |
| 2016 | 15 |
| 2017 | 18 |
| 2018 | 21 |
| 2019 | 24 |
| 2020 | 30 |
| 2021 | 33 |
| 2022 | 35 |
Source: Company data
PayPal Transactions Statistics
PayPal Transaction Volume by Year
PayPal and its affiliated services, such as Venmo, processed 22.3 billion transactions in 2022.
Furthermore, in Q1 2023, PayPal transaction volume stood at 5.8 billion transactions, a 13% increase year-over-year.
| Year | Transactions (bn) |
| 2013 | 3.2 |
| 2014 | 3.9 |
| 2015 | 4.9 |
| 2016 | 6.1 |
| 2017 | 7.6 |
| 2018 | 9.9 |
| 2019 | 12.4 |
| 2020 | 15.4 |
| 2021 | 19.3 |
| 2022 | 22.3 |
| Q1 2023 | 5.8 |
Source: Company data
How Many PayPal Transactions Per Day
PayPal processes an average of 41 million transactions per day. That represents a 20.58% increase from 2019, when an estimated 34 million transactions per day were processed. This expansion can be partially attributed to the rise in remote work brought on by the 2020 Pandemic. With more people working from home or as independent contractors, PayPal has grown in popularity as a means of payment for companies.
Source: Zippia.com
Also read: BeReal Usage Statistics
PayPal Transactions Per Account
As of March 31, 2023, PayPal reported 53.1 payment transactions per active account, an increase of 13% over the previous year.
| Year | Transaction per account |
| 2013 | 23 |
| 2014 | 24 |
| 2015 | 27 |
| 2016 | 31 |
| 2017 | 33 |
| 2018 | 36 |
| 2019 | 40 |
| 2020 | 40 |
| 2021 | 45 |
| 2022 | 51 |
| Q1 2023 | 53.1 |
Source: Company Data
PayPal Market Statistics
PayPal Market Share
PayPal dominates the payments market with a nearly 42% market share worldwide. Stripe comes in second with a 19.32% market share, almost half of PayPal’s.
How Much is PayPal Worth?
As of May 2023, PayPal net worth is estimated at $70.32 billion.
Source: Macrotrends.net
Who Owns PayPal?
As of May 2023, Vanguard Group is the largest stakeholder in PayPal and owns over 8% of the company.
Top 10 owners of PayPal Holdings Inc.
| Stockholder | Stake | Shares owned |
| The Vanguard Group, Inc. | 8.05% | 91,043,434 |
| BlackRock Fund Advisors | 4.28% | 48,465,341 |
| SSgA Funds Management, Inc. | 3.91% | 44,220,388 |
| Comprehensive Financial Management | 2.63% | 29,761,618 |
| Geode Capital Management LLC | 1.83% | 20,711,694 |
| AllianceBernstein LP | 1.51% | 17,133,910 |
| Norges Bank Investment Management | 1.27% | 14,354,573 |
| Fisher Asset Management LLC | 1.24% | 14,016,762 |
| Polen Capital Management LLC | 1.11% | 12,520,376 |
| Fidelity Management & Research | 0.96% | 10,807,169 |
Source: CNN
Conclusion
As of Q1 2023, PayPal had a whopping 42% market share and 433 million active users, making it the largest online payment processor in the entire world.
And because of this enormous size, the business has experienced tremendous profitability. PayPal brought in $27.5 billion in revenue and $2.4 billion in profit all in one year.
With PayPal, phenomenal growth has been the one constant. PayPal’s annual growth has only been accelerated by the COVID-19 Pandemic’s effects, from revenue to users to website acceptance. Future growth of the platform will almost certainly result in it becoming even more well-known.
