Paypal Holdings Inc (NASDAQ:PYPL) unveiled its latest quarterly earnings results late today.

The company posted earnings of 46 cents, compared to analysts’ expectations of 43 cents per share, according to Thomson Reuters

. In the year-ago quarter, the company earned 35 cents per share.

For the period, PayPal posted revenue of $3.24 billion, which also beat the Wall Street consensus estimate of $3.18 billion, according to Thomson Reuters. In the year-ago quarter, the payment services provider raked in $2.67 billion, marking a 21% sales increase year-over-year.

One of the strongest segments of the quarter for PayPal was Venmo, the popular payment method where you can transfer money to friends and family at the click of a button. The business processed $9 billion in payments in the quarter, twice as much as in the year-ago period.

“In addition to our solid financial performance, we also reported record customer growth with the addition of 8.2 million net new actives,” said CEO Dan Schulman in a statement. “As the world rapidly accelerates to digital payments, we have a tremendous opportunity in front of us.”

The company brought in a record total payments volume of $114 billion, which measures the total transactions on the platform. The figure was a 30% improvement year-over-year.

PayPal also raised its guidance for the fiscal year 2017 to earnings in the range of $1.86 to $1.88 per share. Revenue is slated to come in between $12.92 billion and $12.98 billion.

PYPL stock soared 3.9% after the bell Thursday following a day of flat trading.