In 2016 through PayPal there were payments amounting to almost $ 100 billion

PayPal, which owns the service debit electronic payments, the largest of its kind, has published a report for the fourth quarter of 2016 and the year as a whole.

PayPal revenue for the quarter amounted to 2,981 billion. 17% more than in the fourth quarter of 2015, when the PayPal income was equal to 2.556 billion dollars. If you take into account currency fluctuations and allow the indicators to a common denominator, the increase will be even 19%.

Net profit for the quarter is equal to 390 million dollars. This was 6% more than in the fourth quarter of 2015, when net profit PayPal was equal to 367 million dollars. Calculation of non-GAAP gives the value of the net profit of 512 million dollars. This figure is 16% more net profit non-GAAP from last year’s report.

For the year 2016 in the PayPal hosted payments totaling $ 99,348 billion. That’s 22% more than in 2015 (25% of the course). While the annual income of the company grew by 17% to 10,842 billion (21% taking into account of course). Gross profit PayPal is estimated at 15%.

Source: PayPal

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