Xoom is a digital money transfer provider that allows users to send money, pay international bills, or reload phones. Its digital money services are available across mobile, tablet, and computer platforms.

Employee Rating

3.7More
TypeSubsidiary
Parent CompanyPayPal
HQSan Francisco, CA, US
Founded2001
Websitexoom.com
Cybersecurity ratingFMore
Xoom was founded in 2001 and is headquartered in San Francisco, CA, US

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Key People/Management at Xoom

Michael Romero

Michael Romero

Senior Director, Mobile Applications
Brent Williams

Brent Williams

VP, Payments
Josh Holtzman

Josh Holtzman

Director, Infrastructure Engineering
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Xoom Office Locations

Xoom has an office in San Francisco
San Francisco, CA, US (HQ)
425 Market Street, 12th Floor
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Xoom Financials and Metrics

Summary Metrics

Founding Date

2001

Total Funding

$116.5 m

Investors

In total, Xoom had raised $116.5 m. Xoom is a subsidiary of PayPal

Xoom Revenue

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View revenue for all periods
Xoom's revenue was reported to be $159.08 m in FY, 2014 which is a 30.2% increase from the previous period.
Annual
USDFY, 2012FY, 2013FY, 2014

Revenue

80.0m122.2m159.1m

Revenue growth, %

53%30%

Cost of goods sold

26.8m38.1m45.4m

Gross profit

53.2m84.1m113.7m
Quarterly
USDQ1, 2013Q2, 2013Q3, 2013Q1, 2014Q2, 2014Q3, 2014Q1, 2015Q2, 2015Q3, 2015

Revenue

24.3m33.5m32.3m35.9m39.8m39.4m44.4m46.3m42.4m

Cost of goods sold

7.5m10.1m10.4m9.6m13.0m11.1m12.0m13.3m14.6m

Gross profit

16.8m23.4m21.9m26.4m26.9m28.3m32.4m33.0m27.9m

Gross profit Margin, %

69%70%68%73%67%72%73%71%66%
Annual
USDFY, 2012FY, 2013FY, 2014

Cash

45.1m111.0m67.2m

Prepaid Expenses

4.9m4.2m5.4m

Current Assets

99.5m270.1m274.2m

PP&E

3.9m5.1m15.7m
Quarterly
Annual
USDFY, 2012FY, 2013FY, 2014

Net Income

(5.9m)6.3m(26.3m)

Depreciation and Amortization

1.5m2.3m3.9m

Accounts Payable

1.6m1.4m4.6m

Cash From Operating Activities

(750.0k)(8.7m)(40.1m)
Quarterly
USDQ1, 2013Q2, 2013Q3, 2013Q1, 2014Q2, 2014Q3, 2014Q1, 2015Q2, 2015Q3, 2015

Net Income

(79.0k)4.0m5.2m352.0k1.8m2.1m(1.3m)(3.6m)(19.6m)

Depreciation and Amortization

462.0k972.0k1.6m779.0k1.6m2.7m1.2m2.4m3.5m

Accounts Payable

840.0k707.0k1.6m627.0k767.0k864.0k1.7m3.1m2.4m

Cash From Operating Activities

(7.0m)(13.3m)(21.3m)1.3m5.8m(35.6m)44.2m37.4m7.2m
USDFY, 2012

Debt/Equity

0.7 x

Debt/Assets

0.4 x

Financial Leverage

2 x
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Xoom Acquisitions / Subsidiaries

Company NameDateDeal Size
BlueKiteJanuary 10, 2014$14.9 m

Xoom Cybersecurity Score

Cybersecurity ratingPremium dataset

F

59/100

SecurityScorecard logo

Xoom Online and Social Media Presence

Embed Graph

Xoom Company Culture

  • Overall Culture

    D

    63/100

  • CEO Rating

    F

    53/100

  • Compensation

    C

    67/100

  • Diversity

    D+

    63/100

Learn more on Comparably

Xoom News and Updates

Xoom opens remittance corridor to Africa

Xoom, PayPal’s money transfer service, announced that the company’s customers in the US, UK, Canada and Europe can now send secure and convenient money transfers directly to mobile wallets in key markets across Africa with a focus on the underbanked segment.

Xoom beings money transfers to mobile wallets in 12 African countries

Xoom, PayPal’s money transfer service, announced that the company’s customers in the US, UK, Canada and Europe can now send secure and convenient money transfers directly to mobile wallets in key markets across Africa with a focus on the underbanked segment.

Xoom expands US domestic transfer services to debit cards and bank accounts

Xoom, PayPal’s remittance service, today announced that customers in the U.S. can now send money directly to a recipient’s eligible bank account or debit card.

Xoom partners Walmart and Ria for US domestic money transfer service

Xoom, PayPal’s international money transfer service, today rolled out the ability for customers to s...

Xoom expands bank deposit service to South Korea

Xoom, PayPal’s international money transfer service, today announced that customers in the U.S., U.K...

PayPal-owned Xoom is launching sends from 32 European countries (XOOM, PYPL)

This is an excerpt from a story delivered exclusively to Business Insider Intelligence Payments & Commerce subscribers. To receive the full story plus other insights each morning, click here. PayPal-owned digital remittance firm Xoom is launching in 32 markets in Europe, including the UK, Ger…
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Xoom Frequently Asked Questions

  • When was Xoom founded?

    Xoom was founded in 2001.

  • Who are Xoom key executives?

    Xoom's key executives are Michael Romero, Brent Williams and Josh Holtzman.

  • How many employees does Xoom have?

    Xoom has 317 employees.

  • What is Xoom revenue?

    Latest Xoom annual revenue is $159.1 m.

  • What is Xoom revenue per employee?

    Latest Xoom revenue per employee is $501.8 k.

  • Who are Xoom competitors?

    Competitors of Xoom include Western Union, Skrill and Remitly.

  • Where is Xoom headquarters?

    Xoom headquarters is located at 425 Market Street, 12th Floor, San Francisco.

  • Where are Xoom offices?

    Xoom has an office in San Francisco.

  • How many offices does Xoom have?

    Xoom has 1 office.