Venmo Statistics 2025: Transaction Volumes, Revenue, and Market Share

Imagine this: You’re splitting a dinner bill with friends, shopping online, or even paying for a cup of coffee at a local café. Venmo, a name synonymous with seamless peer-to-peer payments, has revolutionized how people in the U.S. manage their finances. Founded in 2009, Venmo has transformed into much more than just a digital wallet, it’s now a vital part of the social and economic fabric. In 2025, the company’s impact continues to grow, fueled by cutting-edge innovations and a rapidly expanding user base. This article explores key Venmo statistics for 2025, unpacking its milestones, growth, and influence.

Editor’s Choice: Key Milestones

• $340 billion is Venmo’s projected annual payment volume in 2025, marking a 17% increase from the previous year.
• Venmo has reached 92 million active users as of Q1 2025, strengthening its position as a top U.S. digital wallet.
• Venmo’s business adoption rate rose to 47% in 2025, with SMBs reporting a 19% boost in transaction efficiency.
• Integration with Zelle and PayPal drove a 33% increase in cross-platform transactions by early 2025.
• The launch of “Pay Later+” in 2025 led to a 41% spike in engagement among millennial and Gen Z users.
• Crypto activity on Venmo grew 29% year-on-year, with Bitcoin and Ethereum still leading in wallet trades.
• Venmo’s transaction fee revenue hit $1.52 billion in 2025.

Growth of Venmo Users Over the Years

• Venmo had 41.5 million users in 2019, marking the early phase of rapid adoption in the US peer-to-peer payment space.
• By 2020, users surged to 62.6 million, a growth of over 50% from the previous year.
• In 2021, the platform reached 70.1 million users, reflecting continued momentum in mobile payment usage.
• 2022 saw 77.7 million users, a year of stable expansion as digital payments became more normalized post-pandemic.
• The user count jumped to 85.1 million in 2023, showing strong retention and onboarding despite increased competition.
• In 2024, Venmo reached 91.2 million users, moving closer to the 100 million milestone.
• As of 2025, it has 97.1 million users, indicating consistent annual growth and nearing saturation in the US market.
• In 2026, Venmo will hit 100 million users, establishing itself as one of the largest peer-to-peer payment platforms in the country.

User Demographics and Growth

• 72% of users access Venmo via mobile apps, with iOS at 46% and Android at 26% usage share.
• 28% of all active users are based in the Northeast U.S., remaining Venmo’s largest regional group.
• Users earning $50,000–$75,000 annually still dominate, representing 39% of the 2025 user base.
• 85% of Venmo users are under 40, reflecting continued dominance among younger, tech-forward individuals.
• In 2025, Venmo gained 4.1 million new users, achieving a 4.6% growth rate year-over-year.
• The average user makes 4.3 transactions per month, with an average transaction value of $64.
• Millennials make up 53% of Venmo’s user base in 2025, followed by Gen Z at 34% and Gen X at 11%.

POS vs. Online Payments in the U.S.

• Venmo is now accepted at over 2.55 million POS terminals.
• Online payments make up 68% of all Venmo transactions, outpacing POS by 36% in 2025.
• Small businesses using Venmo saw a 14% lift in checkout conversion, especially in food and beverage.
• 73% of U.S. college campuses support Venmo, solidifying its role in student payments and tuition services.
• The average POS transaction value is now $47, while online payments average $72 on Venmo.
• QR code use at major retailers grew in 2025, boosting in-store Venmo payments by 28%.
• 87% of all Venmo transactions occur in U.S. dollars, with euro and pound use rising for cross-border trades.

Venmo’s Market Share Compared to Competitors

• PayPal leads the market with a dominant 32% share, positioning it as the most used payment service provider.
• Stripe follows with 20.54%, showing its strong adoption among online businesses and developers.
• Stripe Connect holds 19.62%, reinforcing Stripe’s broader ecosystem influence.
• Adyen secures 11.54%, gaining traction in global e-commerce and retail platforms.
• Square Point of Sale captures 3.38%, focused primarily on small and in-person businesses.
• Braintree, a PayPal service, holds 2.46%, serving mobile and web payments.
• Authorize.net has 1.51%, maintaining a modest presence among legacy systems.
• QuickBooks commands 1.29%, driven by small business invoicing integration.
• Venmo’s market share is just 0.85%, highlighting its niche use for peer-to-peer payments rather than business transactions.
• WorldPay rounds out the list with 0.65%, indicating minimal traction in this competitive landscape.

Businesses Small and Large See Higher Conversion with Venmo at Checkout

• Businesses saw a 17% higher checkout completion rate after enabling Venmo at payment gateways in 2025.
• Venmo’s “Pay Later+” feature boosted high-ticket retail sales by 28%, especially in fashion and electronics.
• Small businesses cut payment processing time by 22%, improving checkout flow and satisfaction ratings.
• Over 3.75 million U.S. businesses now accept Venmo, reflecting a 21% year-on-year growth.
• Venmo ranks third with a 16.2% market share at U.S. e-commerce checkouts in 2025.
• Restaurants using Venmo QR codes saw a 33% rise in in-store payments, especially during lunch and evening hours.
• Large retailers running Venmo ads gained a 14% uptick in loyalty program registrations and repeat purchases.

Transaction Volume and Revenue

• Venmo processed $342 billion in payments in 2025, reflecting a 17.9% annual growth.
• Transaction fee revenue reached $1.62 billion in 2025, marking a 15.7% year-over-year increase.
• Venmo handled $18.4 billion in crypto payments, with Bitcoin and Ethereum still leading the volume.
• Cross-border transactions grew by 21%, totaling $36.3 billion in 2025 volume.
• Average annual spending per user climbed to $3,820.
• Instant transfer fees brought in $685 million, continuing as a key revenue stream for Venmo.
• 63% of Venmo transactions are peer-to-peer and 37% are business-related, highlighting rising commercial adoption.

Venmo’s Market Position and Share in the U.S.

• Venmo holds a 22.4% share of the U.S. digital payment market, staying competitive with Apple Pay and PayPal.
• Venmo remains the top choice among millennials and Gen Z in 2025, outperforming Cash App and Google Pay in preference.
• In California, New York, and Texas, Venmo leads with 37% market penetration, dominating urban digital wallet usage.
• 45% of U.S. SMBs now accept Venmo, confirming its continued growth in the commercial payments sector.
• Venmo commands an 81% share of all U.S. P2P digital wallet transactions, maintaining its leadership in peer payments.
• PayPal integration drove $23 billion in shared transactions in 2025, reinforcing its ecosystem strength.
• Venmo surpassed Zelle by 17% in monthly active user engagement as of Q2 2025, extending its lead in user activity.

The Continued Rise of Social Commerce

• Venmo’s integration with social commerce platforms like Instagram and TikTok has driven a 40% increase in retail transactions on these channels.

• 30% of Venmo users reported purchasing products directly from social media ads linked to Venmo payment options.
• Influencer-driven sales leveraging Venmo as the checkout method have seen a 25% higher conversion rate than traditional payment methods.
• Small businesses on social platforms using Venmo saw a 35% growth in monthly revenue.
• Venmo’s “Pay with Venmo” button on Etsy increased sellers’ sales by 15% year-over-year.
• Social media-linked Venmo transactions now represent 20% of the platform’s total payment volume, showcasing its growing influence in e-commerce.
• Peer-to-peer payments tied to group events and crowdfunding campaigns grew by 28%, indicating the platform’s popularity in communal social settings.

Technological Innovations and Features

• Biometric authentication now secures 97% of active Venmo users, reinforcing account protection and user trust.
• AI fraud detection cut fraudulent activity by 19% in 2025, improving overall platform security and reliability.
• Multi-currency support expanded to 8 currencies, driving an increase of 22% in international transactions.
• Voice-command payments adoption rose to 26%, as Venmo usage grew across Alexa and Google Assistant platforms.
• Venmo Debit Card usage climbed by 34% in 2025, fueled by enhanced cashback on dining, fuel, and groceries.
• Split bill AI tools are used by 68% of users, especially for events, rent, and travel planning in groups.
• Smart Saving Goals enabled users to save $1.26 billion in 2025, helping automate micro-savings and budgeting.

Venmo User Demographics by Age

• Users aged 25 to 34 make up the largest group, accounting for 26.3% of all Venmo users, highlighting strong adoption among Millennials.
• The 35 to 44 age group follows with 21.1%, showing broad usage among working professionals and mid-career users.
• 19.1% of users are between 45 and 54, indicating solid traction among Gen X users.
• 14.1% of Venmo users are aged 55 to 64, reflecting growing adoption among older adults.
• Only 7.5% of users are 65 or older, making them the least represented age group on the platform.
• Young adults aged 18 to 24 comprise 11.9%, showing a relatively lower share compared to older Millennials, but still a key user segment.

Recent Developments

• Venmo expanded partnerships with Uber, Airbnb, and DoorDash, enabling seamless in-app payments across major lifestyle services.
• Venmo for Teens surpassed 1.6 million sign-ups in 2025, showing strong traction among younger users aged 13–17.
• Loyalty Rewards usage grew by 24%, driving more recurring transactions and user engagement.
• 48% of SMBs using Venmo reported revenue growth, boosted by new 2025 marketing automation tools.
• Instant transfers now complete in under 45 seconds for 97% of users, enhancing real-time payment capabilities.
• AI-powered payment reminders improved bill timeliness by 33%, reducing missed or late payments across key user segments.
• Venmo for Nonprofits enabled $2.45 billion in donations in 2025, strengthening its impact in the charitable sector.

Conclusion

Venmo’s journey from a simple peer-to-peer payment platform to a multi-faceted digital wallet exemplifies its dedication to innovation and adaptability. In 2025, the company solidified its place as a market leader, bridging the gap between social and financial connectivity. With advancements in crypto adoption, integration with social commerce, and its growing presence in business transactions, Venmo continues to shape the future of digital payments. As it rides the wave of technological evolution, Venmo is not just keeping up, it’s defining the industry standard.