As PaymentFacilitator.com previously reported, Square released its earnings report last week, again beating analyst expectations. Following on the heels of that report, we take a look at how other companies that have embraced the payment facilitator approach fared during the last quarter.
PayPal, which reported its 3Q earnings Oct. 19, attributed a strong performance to its reinvention as an open digital platform. The company reported a 22% increase in revenue to $3.24 billion. Total payments volume for the quarter was $114 billion over 1.9 billion transactions, the company said. Its GAAP net income was $380 million.
Leading commerce platform Shopify reported on Oct. 31. Its total revenue for the quarter was $171.5 million, up 72% from last year. The company grew its gross payments volume to $2.4 billion, an increase from last year’s $1.5 billion. It had a net loss of $9.4 million. The company also reported that Shopify Capital issued cash advances totaling $44.1 million to merchants during the third quarter.
Several public companies supporting specific verticals also reported earnings recently:
Blackbaud, which provides a cloud-based software for non-profits, reported $195.5 million in GAAP revenue, an increase of 6.8% over last year. In its Oct. 25 announcement, it said it had a total GAAP net income of $12.5 million during the quarter. Nearly two-thirds of its total revenue is subscription revenue, the company said.
FTD Companies, a florist network, reported total revenues of $161.3 million on Nov. 8, which was down 6.7% from the previous year. The company’s net loss for the quarter was $76.3 million.
RealPage provides software to the real estate industry. Its Nov. 2 announcement of 3Q earnings reported total revenue of $169.1 million, up 14% from last year. The company’s net income increased 62% over last year to $6.8 million, it said.
Self-service retail payments provider USA Technologies announced its first quarter fiscal year 2018 results on Nov. 8. Its revenue for the quarter was $25.6 million, up 19% year-over-year. This represented the 32nd consecutive quarter of growth, the company said. It reported a net loss of $0.2 million and processed $239.2 million in transaction volume, an increase over $183.4 million compared to the same time last year.