According to the company’s financial results, the Q2 2012 net income on a non-GAAP basis has witnessed a 16 percent growth year-over-year, totalling USD 730 million, or USD 0.56 per diluted share. The company’s GAAP net income in Q2 2012 has amounted to USD 692 million, or USD 0.53 per diluted share.
US gross merchandise value (GMV), excluding vehicles, in Q2 2012 has increased 14 percent year-over-year. International GMV, excluding vehicles, has grown 8 percent year-over-year to USD 10 billion.
PayPal has ended Q2 2012 with 113.2 million active registered accounts, a 13 percent increase over Q2 2011. PayPal’s revenue has increased 26 percent year-over-year. Furthermore, PayPals net total payment volume (TPV) has jumped by 20 percent year-over-year to USD 34.5 billion. This quarter, the company announced a joint venture with SoftBank in Japan, extending its global expansion strategy for small business payment solution PayPal Here.
The PayPal point of sale payment solution, which gives shoppers the opportunity to pay using just their mobile phone number or PayPal payment card and PIN, was rolled out in Abercrombie & Fitch and Jos. A. Bank stores in the US beginning this quarter.
The companys GSI business, which was acquired in Q2 2011, contributed with USD 221 million to the revenue for Q2 2012. GSI generated USD 674 million in global e-commerce (GeC) merchandise sales during Q2 2012. Same store sales have increased 21 percent year-over-year.
Every day we send out a free e-mail with the most important headlines of the last 24 hours.
Subscribe now