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The Most Impressive Number From PayPal's Stellar Earnings

TheMotleyFool

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The Most Impressive Number From PayPal's Stellar Earnings

PayPal (NASDAQ: PYPL) had a lot of good news for investors with its first-quarter earnings report. The fintech company beat expectations for both revenue and earnings, but one number stood out as particularly strong for PayPal.

Total payment volume increased 3% compared to the fourth quarter. That's the first time PayPal has shown first-quarter sequential growth in total payment volume since its spinoff from eBay in 2015.

PayPal added 14.5 million net new active accounts in the first quarter -- about 1.4 million merchants and 13.1 million consumers. That represents growth of about 4% in total accounts versus the fourth quarter and 21% year over year.

Source Fool.com

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