Thanks Dan.
of was financially another our We momentum quarter scalability and demonstrating results the PayPal. operationally our delivered second strong good continued and for The quarter model.
share longer returned Day our the open As our to two we And our solidifying in Investor platform we quarter, allocation position our announced term acquisitions $XXX raised in At payments capital medium million quarter, repurchases. a during sided May we outlined Dan for further shareholders globally. as out priorities. strategic term four our the and through just highlighted vision laid digital and guidance strengthening platform our leading
$X.X we In addition, consideration. earlier credit this closing in month, of sale receivables announced consumer approximately to the of our total for Synchrony billion
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basis. up neutral payment on total XX% was volume billion currency $XXX Our a
represented to payment volume on a a basis XX% is payment accounts. accounts versus QX QX basis last Venmo active growth and includes accounts. ended versus XX% XX% quarter represented growth In XX% This volume to with grew Our than and volumes the volume is QX new PayPal related the more of million grew active for the XX% million volumes than Volume we Xoom on approximately PXP core total which merchant in volume in and quarter, $XX with XX% We X% XX% neutral net added to merchant $XX neutral represents XXXX. billion of X.X less second year. associated grew active over billion. $XXX eBay currency currency services of quarter the across in services third a XX% quarter which total component eBay billion. XXXX. consecutive XXX of
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point accounting. five points effect in than Loan the rate growth basis QX the XXXX XX% QX quarter loss related For take as basis transaction a QX, X.XX%, held a of was for Lower decline quarter year-over-year. sale was total from basis a PXP last the year. funding relative PXP as was to the payment last More more million second our $XX or than in XXXX. And X.XX% rate XX $XXX of down points $X.X year. headwind losses losses pressure the in is basis million Braintree. improvement points XX million were from Transaction down X billion. XX expenses of growth hedging exchange to mix and total rate a of result costs points TPV XX Volume as of take of well from of than or more expense of from represented points XX% TPV. our foreign basis $XX in over in as take in decline growth was basis based XX% our billion the TPV, funding and in to grew offset rate QX Transaction $X.X volumes
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comparison the line a quarter, revenue a As operations customer margin support to XX% $XXX the grew to second on to operating income as expenses income In last the period million points $XXX leveraged and top operating QX XX.X%. of result of basis percentage year. operating Adjusting for growth. same This of grew XXX in in XX% resulted million. XX% Synchrony in acquisitions, and an the sale
gain We an to margin our positioning. into to $XX delivering an reinvesting equity interest quarter, we This expansion with increased net balance business to the $XX and primarily was expense. strengthen In unrealized due by income was offset second on million. million recognized back non-operating platform to other investment operating year-over-year the increase further competitive continue which
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we with previously share year of billion early have the $X allocation Day, has for investments XX% our in and the to our of so our first policy. to to achieved period. of of $X five On related allocation returning shareholders inorganic that goal our Since per It return updated In repurchases. growth billion separation free executed billion at organic since results and repurchase announced $X.X the a to plans we next pleased over July and capital average, targeting May, in cash billion years. our our Investor capital to are flow announced to portion far of guidance in authorization $X.X free our flow XX% XXXX, our in three with M&A balancing cash we shareholders. are We significant and XXXX, we have of acquisitions;
ongoing to shareholder funding rating, commitment disciplined Day, Investor capital billion creation. allocation share return that are authorization. investment and a capital for new strategy support In capital maintaining business reinforces we of structure, committed margin the our to inorganic and continuing today value This $XX announcing also with repurchase optimizing our sources are at reduce to capital to to new an credit We authorization we expansion investing also articulated framework capital while further allocation grade our and our organic balancing support intensity. diversify
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to business Our cash required liquidity balances only but requirements. our to support provide regulatory are not also operational these to
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indicated expansion growth expect we to annual addition we year In EPS. approximately that compound at operating margin and XX% non-GAAP realize each
our announced acquisitions. to currently impacts our XXXX from in recently on non-GAAP Before I We we discuss XXXX we guidance of $X.XX our EPS acquisitions XXXX. from basis of XXXX. updated expect to for anticipate these for guidance when the to discuss accretive quarter We plan the provide as the discuss earnings $X.XX be year on our I'd like these our to full outlook dilution our as third and remainder a I well report QX. we expectations of in to for commentary would to expect XXXX for now transactions the additional like
raising non-GAAP of revenue for XX% performance full XX% in back the $XX.X Our year range half performance XXXX growth. growth growth XXXX revenue the in our non-GAAP $X.XX. we earnings EPS the $XX.X of our and be both XXXX as and are to expectations to our and well Incorporating to $X.XX XX% XX% of strong range year-to-date as be has midpoint resulted billion of in EPS to is in raising first our guidance revenue this the billion of At the growth. represents range half
at sale midpoint growth revenue the be XX% U.S. neutral from the of the will our on top-line range credit a basis. currency Excluding receivables our impact of consumer
to pleased be today. are We providing outlook this
last provided expectations strengthened current are of our versus dilution main X%. exchange We $XX to guidance, headwinds exchange currencies international the near-term revenue raising meaningful when million negatively U.S. year. dollar we by from absorbing EPS momentum guidance our dollar our At strengthening the while on impacted the acquisitions. from and U.S. the earnings revenue and approximately foreign rates by the half back approximately has is our in Relative
revenue for movements continue earnings be to full exposed year largely from continues if are Our the partially currency strengthen. to the but will dollar protected
it expect the in as earnings to addition, close the full the acquisition our quarter. we Hyperwallet iZettle for acquisition late third close the relates year quarter to in fourth and In the to
to XXXX for our dilution this be $X.XX year. impact EPS of non-GAAP expect We approximately acquisitions combined the from
we year, the raising quarter million. incremental dilution revenue by we $X.XX. million momentum of EPS million meaningful effect raised $X.XX approximately from are approximately our our by out-performance is addition our $X.XX for is million Again the on the of from offset our in our approximately raise dilutive year acquisitions expectation and Offsetting of raise from $XXX headwinds. given QX this have a in of momentum. outlook $XX from second $XX out-performance partially acquisitions revenue On includes in FX of acquisitions. the raise to This revenue For by incremental $XXX
$X.X the the quarter, revenue billion our expect we range third For billion. to to in of $X.XX be
the continue basis of EPS of share growth expansion. per $X.XX non-GAAP midpoint across as we our in I'll the a to the business team points In margin into our the and global thank strong good approximately basis year. initiatives it summary than With well at Thank to ranges of of I that over half earnings XX to of our like against operator back momentum to to QX and in the be grow you. points make hand expect we questions. delivering would operating and more heading partners revenue In range the our We for $X.XX. we customers our third as expect quarter to quarter. progress strategic key XXX for have ahead
