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Total Payment Volume
The total dollar value of payments processed through PayPal, a direct measure of platform usage and scale that correlates with revenue growth and sensitivity to consumer spending trends.TPV has re‑accelerated, led by Venmo and PSP, signaling improving product traction and a larger addressable payments footprint—good for long‑term top‑line and monetization optionality. But management is intentionally sacrificing near‑term margin (≈3‑point headwind to transaction margin dollars) with growth investments, and mix shifts to lower‑take‑rate channels mean rising TPV won’t automatically translate into EPS upside this year. The $1.5B cost‑savings plan and strong FCF/buybacks are important margin catalysts to watch; branded‑checkout weakness and Europe/travel softness are key execution risks.
Date | TPV |
|---|---|
Jun 30, 2026 | $486.45B |
Mar 31, 2026 | $463.95B |
Dec 31, 2025 | $475.13B |
Sep 30, 2025 | $458.09B |
Jun 30, 2025 | $443.55B |
Mar 31, 2025 | $417.21B |
Dec 31, 2024 | $437.80B |
Sep 30, 2024 | $422.64B |
Jun 30, 2024 | $416.81B |
Mar 31, 2024 | $403.86B |