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Transactions Per Active
Average number of transactions per active account, indicating how frequently users rely on PayPal — higher rates show stronger engagement and better leverage of the existing user base.Engagement rose for years, peaked in 2024, softened through 2025 and has shown a modest pickup in Q1 2026 — aligning with management’s reported Venmo and PSP momentum. The 2025 lull looks tied to branded‑checkout weakness (Europe and travel), a mix shift toward lower‑take‑rate products and front‑loaded promotional/investment activity. The recent rebound signals that monetization and platform adoption initiatives are gaining traction, but expect continued near‑term margin pressure as PayPal ramps growth investments, rewards and a multi‑quarter tech modernization while pursuing $1.5B of cost savings.
Date | Transactions Per Active |
|---|---|
Jun 30, 2026 | 60.00 |
Mar 31, 2026 | 58.70 |
Dec 31, 2025 | 57.70 |
Sep 30, 2025 | 57.60 |
Jun 30, 2025 | 58.30 |
Mar 31, 2025 | 59.40 |
Dec 31, 2024 | 60.60 |
Sep 30, 2024 | 61.40 |
Jun 30, 2024 | 60.90 |
Mar 31, 2024 | 60.00 |