During the fourth quarter of 2022

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PayPal charges consumers and merchants a net fee for each transaction completed on its platform. The fee for individuals is based on the size of the activity or highest payment volume. The company also charges fees for cross-border transactions, currency conversions, cryptocurrency transactions, and money transfers from customers’ Venmo or PayPal accounts to their bank accounts or debit cards.

PayPal’s transaction revenue for the fourth quarter of 2021 grew 12.2% to $6.4 billion. This category accounts for more than 92% of the company’s total revenue. The company also generates revenue from referrals, partnerships, gateway and subscription fees. Revenue from PayPal’s value-added services grew 541% to $24.7 million in the fourth quarter of 2021. This represented almost 8% of total revenue.

PayPal’s net revenue increased by approximately 7% compared to the same period last year. Transaction revenue was approximately $19.9 billion in 2020. Reports show that PayPal is one of the most used products . In the fourth quarter of 2021, PayPal processed approximately 5.34 billion mobile and digital payments .

PayPal’s revenue for the quarter ended December 31, 2022 increased by 6.72% year-on-year to $7.383 engineer data billion, while annual income for the same period was $27.51 billion, up 8.46% year-on-year. Annual income for 2021 increased by 18.26% year-on-year to $25.371 billion, while in 2020 annual income was $21.454 billion, up 20.72% year-on-year.

PayPal fees
PayPal recorded $6,139 billion in operating expenses for the quarter ended December 31, 2022, representing a 4.62% increase year-over-year. The company’s annual operating expenses for the same period increased 12.18% year-over-year to $23.681 billion. Annual operating expenses for 2021 were $21.109 billion, up 16.21% year-over-year, while the company spent $18.165 billion in annual operating expenses in 2020, up 20.67% from 2019.