By the numbers: PayPal's total payment volume (TPV) increased 9% year over year (YoY) in Q4 2022 and hit $357.4 billion, slowing from a 23% YoY jump during the same period in 2021, per its earnings release.
PayPal exceeded 6 billion quarterly transactions for the first time. Transactions per active account—which PayPal uses as an engagement metric—grew 13% YoY, up from Q4 2021's 11%.
Net revenues jumped 9% YoY to $7.4 billion. Revenues increased 17% YoY during the same period last year.