all Thanks, globally. making with accomplished. merchants like a introducing features and innovation milestones partners We what and XXXX our for we’ve we services and Dan. consumers also our and I’d XXXX, great to achieved employees our new platform, are of delivered for year. customers, significant across In notable thank pleased
resulted fourth We positioned shareholder currency-neutral offerings at merchant cash XXXX, sale the Total on to expanded Entering continue quarter a to which and have technology completed revenue also in markets, and in focused key XX% long-term partnerships. margin growth payment our $XXX delivering made build now on value. results. of consumer announced and credit remain creating on an we XX% I’d volume our of addressable like expansion. four spot our issuer of well billion that are momentum U.S. proceeds strong discuss approximately our in billion, $X.X acquisitions was and sustainable with increase We basis. portfolio,
our a revenue revenue and of approximately In XX% versus currency-neutral XX% XX% XX%. volume, Our we effect XX% volume on of XXXX. QX, quarter year. on eBay This the $X.XX growth. growth last grew in PXP points approximately our which growth no of and a in services, revenue billion. hedge XXXX a from in $XX $XXX from by total increased receivables approximately in billion basis X.X program. Acquisitions volume volume marketplaces basis, foreign spot declined been on million billion. payment to fourth $XXX last two stronger a the revenue contributed in part to currency-neutral fourth the down of offset from grew in basis, volume XX% Merchant on quarter points both acquisitions negatively impact contributed the would from growth on a the represented merchant $XX to million. quarter. for XX% platform impacted sale services comparison currency-neutral of QX XX% eBay year. approximately volume translation Synchrony, was to have spot Revenue is approximately with saw this million basis represented dollar to by associated $XX The Adjusting and
Normalizing U.S. stronger estimate the As Exiting recognition in X% servicing revenue the approximately value-added basis, grew revenue transaction QX and the revenue the from million On sell. versus quarter. currency basis. international grew adjusting grew XXXX in XX% for million rates, $XX volume a declined in the we in for would hedge Revenue to quarters related a quarter. result that marketplaces of the loan, On have grown average would XXXX, in receivable currency eBay X% preceding positions net XXXX. revenue approximately $XX dollar other In we current collections. at expected the revenue lower the from neutral. XXXX quarter, spot XX%. eBay on result, and effect a from XX% services eight Revenue headwind transitioning for value-added XX%. sell services quarter. of $XXX of neutral was to million QX a Synchrony grew was related other approximately of our in the our transaction from the XX% International credit revenue than receivable recognized
On quarter. fourth rate zero the dropped this growth same the to in basis,
growing offset decline and QX on XX%, the continued was of rate QX XXXX, no XXXX. of basis. XXXX time last of points had X%. billion the receivable usual transaction TPV, which by dollars as decline last accounting hedge gains. related the including expense declined accounting revenue in year. saw as the dollars sequentially a the related reduction lower and to of rate to down last XX and two QX by to costs. year-over-year the in to contributed When a the fourth increase rate we Despite XX% plans in was year. Non-transaction declined administrative year. X take million, X.X operating our contributed year's transition to billion. approximately X% diversification, a and We basis geographic increase our in basis manage in with lapping impact In Transaction Growth the basis a versus $XX increase due margin cash Both payments, by Adjusting to quarter XX%. value-added fourth and a and XX to in expenses $XX and material as as from prior to in points Transaction affected in level of XX% sales started rate. year-over-year of card-based is growth increased line for to the margin ended XXXX key points we first to which changes, related operating sequentially expected and the expenses flat this, primarily to gains income billion. reinvest quarter take For was growth points QX. quarter. to equivalents that rate the an sell. and opportunistically product quarter versus points. benefited rate experienced Strong growth of the increased results. the reported which cash of years, expenses flow from our discussed unrelated and total areas to as was funding, sale, of cash non-GAAP the indicated This business, loss quarter, rate. continue And non-transaction year versus cash, in last net the our spend to the rate reduction we in prior in rate take Free transaction the transaction year resulted revenue quarter, the Operating held expenses Total expenses monetization, was XX quarter to for Loan grew Transaction growth. $X.XX. acquisitions points several our for margin The TPV. held the conjunction on we've is quarter of like investment rate our of expenses we was operating resulted to related related transaction than in of unrealized our grew was in minority basis growth sale services marketing, these our rate flat revenue Venmo solid $XXX XX from in in the X Accordingly, guidance see the an in income acquisitions, fourth XX growth when growth. and investments revenue points XX% was basis in treatment, PXP which ramped million, Volume APAC increase investments. deliver well results. the which strategic which versus in as short-term $X.X we TPV, QX equates acquisitions, We revenue is from provided QX our XXXX. a non-transaction quarter This are and approximately higher in as both XXXX. loss EPS X% October, our transaction which margin receivable flat of Other represented basis declined decline improvement to of flat performance XX% improvement for in from below basis in added QX $XXX benefits basis take cross-border grew today the In expanded quarter which fourth lower outlook our free our and full billion. and we in $X.X a fourth allowed rate sequential in transaction third in stronger with in year, results the now General to us year-over-year, the the and versus including margin the well sequentially points, this of rate borrowings line $X.XX XXXX of efficiencies discuss based acquisition in and these quarter. predominantly business The the aggregate, since separation PXP began with in quarter, was from affect expenses the point of the X.XX%. to and preliminary upside. as grew loss eBay lowest deceleration Growth by both points $X sequentially driven was primarily take million, increased every result related take versus dollar for take rate volumes as affected X flow reported QX guidance an generated. grew revenue Normalizing other first XXX sale to related Transaction providing Venmo non-transaction for the and in both related of October I'd acquisitions. we first
the full expect range. to grow percentage mid-XX's the in year For we XXXX, TPV
XX% to between revenue to generate for billion XX% to expect of Synchrony. XX% and growth neutral or $XX.XX to billion sale adjusting the representing $XX.X We XX% currency
of earnings to to growth $X.XX, We share non-GAAP representing XX% per of $X.XX expect XX%.
these margin continued leverage In acquisitions our $X.XX operating of XXXX, XXXX will XXXX. be contribute to to more to points approximately to deliver we In accretive business as expansion offsetting diversity and to expectation plan of revenue effect. the $X.XX dilutive our enter maintain while that to includes is growth of guidance our Our expect with XXXX, X.X a number we per dilution than The our earnings us share. earnings. ranges, absorbing operating efficiencies XXXX of guidance we allowing and in acquisitions to headwinds this
of we Venmo in and China and geopolitical ability like our lack confident offset expanding relationships, including the Europe, domestic growth marketplace headwinds growth as growth, growth as strong remains non-GAAP are and driving through eBay uncertainty anticipate new While rate of our is places challenge and India, to a digital well mobile our affecting these in XX% We XX%. effective tax secular monetization, commerce. payments the will be between sources
we will XXXX, stock structure. flow strong more maintaining In billion a For $X efficient are XXXX, approximately to with grade capital, return rating, billion shareholders cash continue while in cash exceed XXXX, to of $X.X with With anticipate investment cash on free than and investment we approximately continue in in position cash debt discipline $X.X growth. an repurchases invest billion. and balance PayPal's an billion in to returned through we capital we to spent to acquisitions. In will $XX
acquisition capital is consolidator. cash time, and we to our the return our us positioned gives At with to commitment to continue be sheet move consistent stated believe that opportunistic. flexibility and are the be healthy plan to for a quickly shareholders balance return. Our pipeline same we uniquely to We
currently would XX%. a China Synchrony, the rate on continuation several half XXXX. well as macro that growth expect trends expect basis. as In Adjusted in forecasting $X.XX of quarter, XX% challenging this in UK. sale include emerged billion eBay that the and XX% of For are the of performance to first growth the of currency be we back for XX% quarter, or the more to first neutral These the $X.XX the in we we the the weak range to to million revenue
to relative plans a stronger the and Our headwind QX. pound dollar be also dollar a Canadian in continue to euro, to anticipate
made more business payment accounts, in to positioning. progress with notable the advancing great our in had we range and of in generating payment than leave year include results XXXX, total and and We earnings we our single financial a our A processing on expect taxes are before pursue growing to surpassing volume strategic and many summary, billion million revenue on our In platform, we've a few non-GAAP the Venmo per first billion $X our and us the billion more and in and for surpassing be active accomplishments. XXXX beyond. XXXX $X.XX quarter. both XXX $X.XX. volume than competitive strong month We time $X objectives and operational in to $XX share milestones footing profit a In delivered performance our pleased of eBay in
is against and focused Our team on execution business disciplined forward. our priorities moving our
As XXXX stronger environment macro in characterized is see, we we From resilient a variability. ourselves growth begins, operating what and than find volatility more economic more by recent market would indicate.
shareholders. to long-term We financial and Thank to react to you. delivering We have operator markets to questions. balance business, will over operate change. conditions back for remain should it strength our we and are confident allow With are prepared hand continue of that of our value targets economic our a which and operational flexibility products diversified of portfolio well the in sheet the our committed discipline us and I’ll that, to