eBay powers ahead with record volume, payments

eBay enabled record levels of e-commerce and transaction volume via its PayPal subsidiary during the second quarter ended June 30.

The global commerce platform and payments leader said revenue for the period increased 13% to $4.4 billion as the volume of e-commerce activity it facilitated (a metric eBay calls Enabled Commerce Volume or ECV) increased 26% to $62 billion. Net income increased 6% to $676 million, or 53 cents a share, compared to net income of $640 million, or 49 cents a share.

The company highlighted the fact that enabled commerce volume via mobile increased 68% to $12 billion and now represents 20% of total ECV. Other noteworthy disclosures eBay made about its business in the second quarter included 6.6 million new mobile customers, a 26% increase in cross border trade and the addition of four million new PayPal customers, a 15% increase, which swelled the number of registered accounts to 152 million.

“In a challenging second quarter, our commerce and payments platforms delivered strong enabled commerce volume growth of 26%,” said eBay president and CEO John Donahoe. “PayPal generated another strong quarter while eBay's growth was hampered by its global password reset for all users. We continued our momentum in the four competitive commerce battlegrounds of mobile, local, global and data. We delivered new experiences for PayPal and eBay customers, extended PayPal and eBay into new markets, made it simple and easy for developers to integrate PayPal and offered new ways to help merchants grow.”

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