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PayPal's total payment volume (TPV) increased by 10% year-over-year to $486 billion in the second quarter, but its most profitable branded checkout TPV grew by only 2%.
PayPal achieved a 10% year-over-year increase in Total Payment Volume (TPV) in the second quarter, reaching $486 billion. Within this, Venmo's TPV grew by 14%, and Payment Service Provider (including Braintree) TPV increased by 13%. However, the company's overall revenue only grew by 5%. Analysis indicates that PayPal's most profitable branded checkout solution TPV only grew by 2% in the second quarter, accounting for 28% of total TPV. This dragged down transaction profit, resulting in only a 1% increase in transaction profit dollars. As of August 12, PayPal's stock price has fallen 81% from its 2021 peak.
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