As for other Q1 results, PayPal reported $191 in TPV, a 19 percent year-on-year increase, but still slightly shy of analysts' forecasts of $195.2 billion. Of that total, PayPal processed $56 billion in peer-to-peer volume and $31 billion in Venmo volume. Revenue for the quarter increased, despite the sluggishness in some segments — it grew to $4.62 billion from $4.13 billion at this time last year. "As shelter-in-place and social distancing became the norm across the globe, and as one economy after another effectively shut down, we saw a substantial revenue decline, predominantly in our travel and ticketing verticals," Schulman noted in his remarks to investors. "Some of our important customers, including Uber, Airbnb and Live Nation, saw rapid decreases in transaction volumes. That said, the diversity of our business by merchant size and geography meaningfully offset margin pressures." But it wasn't quite enough to meet the FactSet consensus estimate that was looking for $4.74 billion in revenue.