Venmo Statistics (2026): Users, Payment Volume, Limits, and Key Facts

Last Updated on: February 21st, 2026

By:

Venmo statistics, user count, and facts (2026)

Venmo is a U.S.-only mobile payment service best known for peer-to-peer (P2P) payments—splitting bills, paying friends, and casual purchases. Venmo was founded in 2009 and has been owned by PayPal since 2013. (Reference overview)

Quick takeaways

  • Active Venmo accounts (U.S.): 95.4 million (PayPal internal data, 2024, as cited by PayPal Editorial Staff). (PayPal)
  • Where Venmo is accepted: PayPal announced Venmo could be used at more than 2 million U.S. retailers (merchant acceptance expansion announced in 2017). (PayPal Newsroom)
  • Payment limits (personal profile): Unverified accounts have a weekly spending limit of $299.99; verified accounts can access higher limits. (Venmo Help Center)

On this page:

What is Venmo?

Venmo is a mobile app that lets users send, receive, and request money. It’s commonly used for P2P transactions like splitting rent, reimbursing friends, or paying for small shared expenses. Venmo also includes social features (notes, emojis, likes) and supports merchant payments in some checkout experiences. (Reference overview)

How many people use Venmo?

Active Venmo accounts (U.S.): PayPal cited 95.4M active Venmo accounts in the U.S. using PayPal internal data (2024). (PayPal)

Adoption and usage stats

Percentage of young Americans who use mobile payments and use Venmo (reported):
66% (2017)

Venmo employees (reported):
~200 (2017)

Uber-related transactions on Venmo (reported):
6 million (2017)

Where Venmo is accepted

U.S. retailers accepting Venmo (PayPal announcement):
PayPal announced in 2017 that Venmo customers could shop at more than 2 million U.S. retailers (almost everywhere PayPal is accepted). (PayPal Newsroom)

Venmo payment limits

Personal profile payment limits (Venmo Help Center):

  • Weekly spending limit (not identity verified): $299.99
  • Higher limits after identity verification: available once you complete identity verification in-app

Source: Venmo Help Center

Notable milestones

First month Venmo crossed $1 billion in transfers (reported):
January 2016

Venmo revenue run rate (reported):
$900 million (2020)

Selected payment-volume benchmarks

Amount Venmo processed in payments (reported):

Methodology

  • Preference for primary/owner sources: Venmo account counts, merchant acceptance, and payment limits use PayPal/Venmo-owned properties where available.

Sources & references



Please note that some of these numbers are easier to find than others. Most of these fun facts come from internet reports and may not be official tallies. No information contained on DMR should be relied upon to make investment decisions. Basically, this is the best I can find and I don’t guarantee anything to be 100%.