start be in our and on, to Since worked in approximately Ukraine. to and transactional then, services Ukraine. before receive remarks, quickly happening have Ukrainian today. thanks, to Early $XXX refugees. and at platform million dismayed our us. obviously lot a to I by I for in enable sent we how my But atrocities enabled citizens PayPal's joining are send begin has and Gabrielle, saying the formal everyone, suspended Russia want to Thanks, cover we We services
In our to are the those of our in of our I'm supporting generosity sent $X.X afternoon, the most over need. to community, we platform nonprofit and going these year our This for to is cover of addition, reminded organizations nearly most role time, been essential provide update our that like in results, first before It platform the thanks leading the interest and and times billion to has outlook briefly in provide quarter services a strategic ahead. discuss I quarter Ukraine.
coverage update provided have in We additional presentation. investor of QX our our results
miss is what thrilled and happiness your you I'm into almost I John. I company as X today. I'm leaving better, and will surprised more and made build shifts resulting it environment through has the uncertain an next that take team behavior you us X And past As our today help here But Gabrielle Rabinovitch remarks going success prepared from and together, I in we begin need with for to I'm I'm very has years PayPal, to has that at Walmart. happy has join all recognized will John done And you all to know, wish after John be Interim the PayPal to you, shareholders that than expect the also by not be the acknowledging macroeconomic that. of our the I team. quarters in leadership about X Rainey to do of appointed more and track to several Board are the a for company at has John, the hear The say Fortune want full best more consumer that chapter. challenging. want will pandemic our CFO. as Q&A my over record us that handling commitments. from accountability delivering visibility Navigating we us delivered. of on
we we on that touch to solid our more results. QX exceeded let results I'm about report pleased me earnings. focus, revenue delivered and Before talk our go-forward our guidance on
revenue Investments our strongest despite of lapping history, XX%, costs and grew of credit funding and represent absorbing to transactional on offset services XX% with quarter, the year. This the increased and EPS last excluding Russia. flat quarter in grew expenses. XX% was by non-GAAP leverage growth. of in of of from in our revenues our Nontransaction-related operating last of X% billion And nontransaction decreased expenses which and EPS XX% incremental of X% technology XX% mix approximately spot in uptick first X%. lapping XX% revenue volume resulted an grew was XX% of of increased development XX% of The in other quarter the were last non-GAAP to delivered earnings international revenue points represented revenue pressure growth release We eBay. increased due Ex basis U.S. expenses this was revenue and and increased reserves. driven suspension $X.XX primarily QX X%, XXXX the growth, year. revenue, international by XX%, eBay, Volume-based versus $X.XX million XXX top to which growth of in and revenues year. $X.XX $XX in
$X.X billion to $X flow We capital through also cash generated repurchases. in free stockholders returned more billion in share than and
incremental quarter, QX, continuing engagement shared active while in XXX quarter, base the base bringing we last million. total existing X.X higher-value to active accounts add added across new increasing we net emphasis to million customer accounts. our I on our As our are In
active per transactions to XX% Our XX. grew account
results. This vineyard with us TikTok. with vines with continue merchant seeing QX, XX%. key choosing this And which Airbnb, we in and franchise, billion growing in increased We Braintree like million outperformed persistent pleased $X.X Uber, QX, be up launch. DoorDash, volume consumer accounts Nation, seeing continue market Live success over strong of funding option gains. to share Now, Later comes presentment, upstream XX XXX%, with since again, In and is Buy penetration will allow to volumes growth are our Pay did We deliver the which to customers
Importantly, for exclusive of merchants, or are many of their these provider unbranded primary we processing.
Volume with billion, growth in U.S. commerce platform. in on XX more year of And our to Venmo has grew than the QX, coming goal leading transactions year delivered Venmo million a a XX% XX%. $XX now approximately In strong on growth in PXP to continuing accounts more ago. of top while the Venmo to performance revenue drive XX% is addition, be
and driving progress back with our off-line are working digital our making more Venmo integration and business the we debit We hard at with time are plans the are credit of purchases transactions, cards. progressing, consumers' launch year have the our current to profiles and Amazon PayPal half lives. as with Across of Venmo the financial with Pay in wallets our frame. center both Venmo, And daily
who wallet wallet. that Customers revenue transact digital Buy the users and are with result. is redesigned average of Now, installed checkout using driving And our XX% incremental by more over use XX% app account through Pay digital PayPal wallet as Our are over now our engaging and a at features Later of our app base, not XX% app. users our digital per more our engage than users
introducing rollout additional our coming will of savings we We have product, the quarters. the nearly be in commerce financial functionality completed services and and
a for the XX% digital rest ARPA base. less is uses wallet Our rate only of than who churn Xx digital users our of checkout, that the is wallet customer and
wallet our adoption is meaningful it increasing drive most growth. on focused of of opportunities are believe our We digital and to one
with strategic been In renewed partnerships addition, and an and working be with our recently has success. We ingredient expanded Citibank. to and important American partners continues to our Express
to commitment by our Our would products now these for highlight strong in outlook year. our enabling discuss important they choice integrations and and relationships growing and the our QX how offering FI into with our like others customers seamless services. I to partners and pay
contributing While forecast. of improvement, remains pleased would and on QX lower outlook that we we clear relative a more towards with macro It laying has e-commerce In consumer of PayPal, come spending, to range. normalized incremental the year we structural if would it inflationary noted end XXXX to as bound. pressures complex. our February, upper are we And and and towards early Russia, specific chain our we increased uncertainty are push out several us deteriorated. saw is China forecasting And exceedingly that to another supply upwards environment Ukraine months pressures. out we and the the that XXXX beat to is trend persisted, challenging revenue the ago, macro if EPS, global delivered pandemic,
our reevaluate we is XXXX and As to believe medium-term guidance a result, outlook. lower prudent our it
expect approximately $X.XX. the revenue to EPS quarter, X% be we second growth non-GAAP and approximately For of
the in bit revenue, quarter -- a have tough grew -- impact expect excuse we QX. eBay million And eBay from of $XXX revenue as eBay year. ex last eBay grew comps me, in XX% as than We more second
an QX We creates of to $X.XX approximate $XXX headwind also growth. XXXX, million had earnings releases reserve in which
growth XX% growth approximately the For to to represents eBay, year, revenue this XX% be in revenue and Ex $X.XX to the XX%. range now to $X.XX. of of non-GAAP we expect XX% EPS
revenue In addition, back-half XX.X%. at to our range, growth this of of equates the midpoint
revised our flow-through and Our EPS reflects revenue mix. expectations of the guidance implications volume
XX the We now new forecasting are million for year. net accounts active
representing those platform We our year, The leverage. our our simplifying work us our pandemic the this with we we about additional efficiency. put share increase the to every point. to scale I on operating business to NNAs of of quarter are add platform. the operating enhancing on expect initiatives the context hold positive process and to doing QX want in and growth unprecedented model support Pre-pandemic, to simply our were to the many forced low operating
energy work We with this renewed coming and to focus, are now purpose. back
growth us. advantage and creates will to to more these focus are see significant to on powerful driving our profitable critical of While model our is portfolio customer growth. in in streamlining operating growth. we simultaneously savings, the our payment advance we advantage is Overall, a more will continue our to and competitive opportunities assets unmatched incorporating achieve engagement. our extend and work operating are digital our We leverage accelerate business us grow. focused in and allowing improving and investing we and which efficient depth, believe allow on drive the for position, efforts into leadership breadth us and We yield discipline reinvest way To this to business,
generate we to billion expect than year, flow. free more the $X cash now For in
share have for business, with organically our balance capital said, We future and deals acquisitions at any repurchase time. activity clear addition, on In to expect clear, That still and alignment unassailable plan growth. will this our and skills focused that that we be growth investing on foreseeable straightforward are inorganic not between our currently the allocation capabilities. agenda in transformative to be
medium-term of XXXX. that February Investor in like outlook would discuss Finally, was I Day to our our at provided
to both the These achieving penetration factors targets We forecasted. have on the earnings on that baseline and of relating macroeconomic reassessed e-commerce longer targets. no feasibility trajectory revenue and assumptions, are relied several that we our
As a medium-term result, we're outlook. withdrawing our
basis quarter the continue growth guide We long on have business year update and both in how and strong shareholders. will value on mistake, revenue of business and a and the we ability are you to no to conviction our our for thinking continue about to our sustainably over Make earnings potential we term. our full create
transact remains the competitive from help digitization we of believe However, believe and level-set secular gives and growth are X-sided than the scale globally is strong to and advantage. what environment. them consumers us And a together dynamic We connect uniquely platform e-commerce we tailwinds recognize are to our positioned other of merchants bring we truly need differentiated any know more We and persistent. company expectations the the and safely. payments in that
continue the our and network growth the in of in ongoing payments. opportunities front us, scale given to many have X-sided We of digitized
greater as become consumers of all tens technologies. tools leadership continue to our comprehensive millions work set bring value the of the millions ahead merchants our to driving And the package the with the product in-person that, including and growth With digital to than role market the of leading services. the returns getting into the let advantage, with questions. will driving checkout, of commerce. and resources opportunities increase customers innovate rate effectiveness a and and the organizational improving same of PayPal's investing our increasing we checkout in forward tracking while capabilities, focus our in of enhanced advance is payments. more to management. are as Hundreds play continue sustained our to of our the me loyalty digital We and believe for of We our faster both PayPal significant. foundational value of in will future digital time, context, with the sharing the investing our we products you to velocity payments At wallet your We year improve believe preeminent operator grow operating to programs, revenue unfolds. competitive e-commerce we foundational will to leverage continue and support creation, share well to full-stack elements and hands our we are and platform progress accountability. on by of accelerating and call back And positioned processes for the simplifying future branded and look and existing And processing turn products in