PayPal Q2 Results Show Crypto-Like Growth as Venmo and Checkout Surge

TLDR:

  • PayPal Venmo payment volume rose 45%, fueling its fastest revenue growth since 2023.
  • PayPal branded payment volume grew 8%, fueled by better checkout and higher engagement.
  • Buy Now, Pay Later usage increased 20%, strengthening PayPal’s digital payments dominance.
  • Braintree rebounded as PayPal shifted focus from cost-cutting to scaling transaction volume.

PayPal’s quarter 2 looked more like a strong market breakout than a routine earnings update. The company is growing across payments, checkout, and even Venmo, where activity has hit a new pace. 

More users are paying, spending, and sticking around. This is not just numbers on a report. It signals how fast digital payments are shifting and why PayPal is pushing forward.

PayPal Branded Payments See Heavy Demand

PayPal CEO Alex Chriss reported an 8% rise in branded payment volume. Active accounts grew 2%, showing more people are not only signing up but using the platform regularly. He linked this to upgrades in PayPal’s checkout system, which improved merchant conversions and sped up transactions.

Buy Now, Pay Later volume rose 20%, adding another layer of growth. Venmo, in particular, stood out with over 45% more payments made using its branded option. Venmo debit cards also saw monthly active users jump 40%.

Venmo’s revenue climbed over 20%, its fastest increase since 2023. Total payment volume rose 12%, marking its highest growth rate in three years. Chriss tied this momentum to new campaigns and partnerships, including collaborations with major sports conferences.

This mix of marketing and product expansion is pulling more users into Venmo’s ecosystem. More importantly, it is translating directly into transaction growth. That steady climb shows Venmo is no longer just a peer-to-peer app. It is becoming a key driver in PayPal’s overall growth.

Braintree and Core Services Bounce Back

Chriss confirmed Braintree’s payment volume returned to growth after several quarters of cuts to focus on profitability. This marks a shift from trimming down to scaling up again. For merchants, it signals a broader push to bring more payment processing volume back into PayPal’s network.

Additionally, debit card engagement jumped 60%. This reinforces how PayPal is layering services, keeping users tied to its ecosystem while increasing overall transaction flow.

Chriss said PayPal is now leaning into new areas like AI, stablecoins, and its PayPal World platform. The company aims to build a connected ecosystem where payments, commerce, and digital tools work seamlessly together. For investors and crypto watchers, this focus is worth tracking.

PayPal is not just refining payments. It is positioning itself at the intersection of finance and technology. And based on this quarter, it’s moving with momentum.

 

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Source: https://blockonomi.com/paypal-q2-results-show-crypto-like-growth-as-venmo-and-checkout-surge/