In the second quarter of 2025, Venmo’s total payment volume showed a year-on-year growth of about **** percent. The payment method had ***** billion USD worth of TPV at the end of this quarter, compared to ***** billion U.S. dollars in Q1 2025. Venmo is a U.S.-based digital wallet service owned by PayPal. According to a February 2022 survey of online payment users in the United States, ** percent of respondents had used Venmo in the past 12 months. Parent company PayPal ranked first with a U.S. audience reach of ** percent.

During the second quarter of 2025, PayPal's net revenue grew by *** percent when compared to the same period the year before. PayPal regularly ranks as one of the most-used products, along with Apple Pay and Google Wallet. As users become aware of mobile shopping possibilities, more people will begin using mobile wallet and PayPal had set itself up to take advantage of this market with annual mobile payment volume growing for years. Since 2023, however, analysts began to question PayPal's business model, observing a growing reliance of the company on its daughters Venmo and Braintree.

The worldwide number of payment transactions processed by PayPal increased by over five percent in Q3 2024 when compared to Q3 2023. The total number of transactions was about *** billion during the first quarter of 2025, compared to *** billion in the previous year. Whilst this may indicate an increasing use of the digital payment platform, it should be noted that the growth figure of the value of payments processed decreased for several quarters in a row until 2023. PayPal raises profitability concerns in 2023 The increase in transaction volume contrasts against a decline in profit margins. The company's take rate — transaction revenue compared to transaction volume — was *** bps in the second quarter of 2023, a notable decline from the same quarter one year before. Investors were increasingly concerned about the number of users not growing as fast anymore. Competition from credit card companies, fintech solutions such as Apple Pay, or government initiatives like FedNow increased in 2023. Investors hope the arrival of a new CEO could turn PayPal's business around. Is Venmo the key for PayPal? Various investors in PayPal hope the increasingly popular Venmo could become the turnaround for the company. This as PayPal's subsidiary is said to be a popular payment method in social commerce — the purchasing of products on social media like TikTok. PayPal, however, does not share figures on Venmo specifically. The only metric available is its total payment volume. In Q3 2023, Venmo's transaction volume change decreased for the first time in 2023. Analysts fear that Apple's integration of iMessage in every iPhone may limit the expansion of Venmo as a P2P payment method.