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PayPal Shares Slump as Revenue Growth Slows
The payment giant’s quarterly revenue increased 13% in the fourth quarter, down from a 25% increase a year ago.
By Nelson Wang
Updated May 11, 2023, 4:05 p.m. Published Feb 1, 2022, 10:27 p.m.
Shares of PayPal (PYPL) fell more than 16% after the payments giant reported Q4 earnings that just missed analyst estimates and a slowdown in revenue growth.
- Total revenue rose 13% to $6.9 billion, in line with the consensus of analysts' estimates, according to FactSet, but significantly slower than the 25% growth recorded in the year-ago quarter.
- PayPal reported adjusted earnings per share of $1.11 for the fourth quarter, just below the analyst consensus estimate of $1.12.
- PayPal added 9.8 million net new active accounts in the quarter, including 3.2 million from the acquisition of Paidy. That was down, however, from 13.3 million net new active accounts added in Q3.
- Total payment volume for the quarter was $339.5 billion, up 23% year over year on a spot and foreign-exchange neutral basis. Transaction revenue came in at $6.4 billion, up from $5.61 billion in the third quarter.
- Part of PayPal’s transaction revenue comes from the company’s crypto “buy, sell and hold” product, but the company excludes crypto payments from total payment volume.
- In early January, PayPal confirmed it is looking into developing its own stablecoin as its crypto business continues to grow.
- Shares of PayPal were down 16.2% to $147.40 in after-hours trading on Tuesday.
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- As of October 2025, GoPlus has generated $4.7M in total revenue across its product lines. The GoPlus App is the primary revenue driver, contributing $2.5M (approx. 53%), followed by the SafeToken Protocol at $1.7M.
- GoPlus Intelligence's Token Security API averaged 717 million monthly calls year-to-date in 2025 , with a peak of nearly 1 billion calls in February 2025. Total blockchain-level requests, including transaction simulations, averaged an additional 350 million per month.
- Since its January 2025 launch , the $GPS token has registered over $5B in total spot volume and $10B in derivatives volume in 2025. Monthly spot volume peaked in March 2025 at over $1.1B , while derivatives volume peaked the same month at over $4B.
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French Banking Giant BPCE to Roll Out Crypto Trading for 2M Retail Clients
The service will allow customers to buy and sell BTC, ETH, SOL, and USDC through a separate digital asset account managed by Hexarq.
What to know:
- French banking group BPCE will start offering crypto trading services to 2 million retail customers through its Banque Populaire and Caisse d’Épargne apps, with plans to expand to 12 million customers by 2026.
- The service will allow customers to buy and sell BTC, ETH, SOL, and USDC through a separate digital asset account managed by Hexarq, with a €2.99 monthly fee and 1.5% transaction commission.
- The move follows similar initiatives by other European banks, such as BBVA, Santander, and Raiffeisen Bank, which have already started offering crypto trading services to their customers.
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