Many companies have now released fourth quarter earnings for 2017 and everyone from Square and Shopify to Blackbaud and RealPage are reporting growth both quarterly and annually. The payment facilitator model, again, proves to be a lucrative business opportunity and with the continuous growth and momentum that digital technology brings to the payments ecosystem, 2018 is expected to follow suit.

Below are some of the highlights from the top payment facilitators and global platforms.

Square:

  • Total net revenue for Q4 2017 was up 36% YoY at $616 million.
  • Adjusted revenue was up 47% at $283 million.
  • Q4 Gross Payment Volume (GPV) was $18 billion – up 31% YoY
  • The company achieved $139 million in adjusted earnings before interest, tax, depreciation amortization (EBITDA) in 2017, compared to $45 million in 2016.
  • Expected projections for 2018 include a range $2.82 billion to $2.88 billion for total net revenue and a range of $1.30 billion to $1.33 billion for adjusted revenue. This represents a 29% and 34% YoY growth, respectively.

Shopify:

  • Total revenue for the fourth quarter was $222.8 million, a 71% increase from Q4 of the previous year.
  • Monthly Recurring Revenue (MRR), as of December 31, 2017, was up 62% at $29.9 million, compared with $18.5 million in 2016.
  • Gross Merchandise Volume (GMV) was also up by 65% from fourth quarter of 2016, coming in at $9.1 billion.
  • Gross Payment Volume (GPV) grew to $3.5 billion and accounted for 39% of GMV in Q4 2017, compared to $2.2 billion and 39% in 2016.

PayPal:

  • Q4 accounted for the company’s strongest quarter of the year.
  • Payment volume increased by 29% on a currency neutral basis to $131.4 billion.
  • This increase generated revenue of $3.71 billion – a 24% increase and the company’s third consecutive quarter of accelerating revenue growth.
  • Net new active accounts increased to a record 8.7 million– up 61% from Q4 2016.
  • The year closed with 227 million active accounts, adding more than 29 million (net) new actives for the year, bringing the running total number of merchants served via the PayPal platform to 18 million.

Blackbaud:

  • Fourth quarter revenue closed out at $219 million, an increase of 4.4% over 2016.
  • Q4 as a general rule continued to be the highest performing quarter but Q4 2017 set a new company record as the highest-performing quarter to date, with revenue dollars and recurring revenue mix representing an impressive 84% of total revenue.
  • Recurring revenue (subscription) accounted for 70% of total revenue in Q4, an increase of 16.2% from the same quarter the previous year.
  • For the year, the company delivered $791 million in revenue – an increase of 7.7% from 2016.
  • Organic recurring revenue grew by 10.1% and subscription revenue by 17.9%, now totaling 83% and 66% of total revenue mix.
  • This means $4 out of every $5 of revenue is recurring and growing organically in the double digits.

First Data:

  • Consolidated revenue for Q4 was up 7% at $3,150 million.
  • Annual consolidated revenue up 4% at $12,052 million.
  • Q4 total segment revenue up 7% (or 4% organically) at $1,949 million.
  • Annual total segment revenue up 4% (both reported and organic) at $7,428 million.
  • The company closed the quarter out with a net income of $948 million.
  • Annual income for 2017 closed out at $1,465 million.

Also worthy of mention is the company’s dedication and support to the ISV market segment. In 2017 alone, the company reported a 70% increase in live ISV integrations – tripling their ISV pipeline. Q4 saw 24 new ISVs go live and merchant production across the ISV channel has more than doubled. Plans to continue integrating the product offering to ISV clients, with the company’s proprietary Clover platform being a primary component, is on the docket for 2018 initiatives.

RealPage:

  • Total revenue growth of 19% for the full year.
  • Sales bookings for the full year 2017 were up 20% from the prior year.
  • On-demand revenue grew 28% from fourth quarter 2016.
  • Annual client value increased by 33% at more than $751 million.
  • Property management grew by 10%, resident services by 26% and asset optimization by 66%.
  • 2017 closed with $46.9 million of adjusted EBITDA and this reflected a 30% growth.