Good day, ladies and gentlemen and welcome to the eBay's Fourth Quarter 2014 Earnings Conference Call. (Operator Instructions) As a reminder, this conference call is being recorded. I would now like to introduce your host for today's conference, Tom Hudson, Vice President of Investor Relation. Sir, you may begin.
Good afternoon. Thank you for joining us, and welcome to eBay's earnings release conference call for the fourth quarter and full year 2014. Joining me today on the call are John Donahoe, our President and Chief Executive Officer; and Bob Swan, our Chief Financial Officer. We're providing a slide presentation to accompany Bob's commentary during the call.
All growth rates mentioned in John and Bob's prepared remarks represent year-over-year comparisons, unless they clarify otherwise and all segments results are adjusted for the effects of foreign currency exchange. This conference call is also being broadcast on the internet and both the presentation and the call are available through the IR section of eBay's website at investor.ebayinc.com.
You can visit our Investor Relations website for the latest company news and updates. In addition, an archive of the webcast will be accessible for 90 days through the same link.
(Forward-Looking Cautionary Statements)
With that, let me turn the call over to John.
John J. Donahoe
Thanks, Tom, and good afternoon everyone, and welcome to our Q4 earnings call. In a year marked by unexpected events and distractions, our double-digit revenue growth, solid earnings growth and strong cash flow reflect the fundamental strengths of our company. We have some challenges but overall, our focus and operating discipline delivered solid company performance in a year that, quite frankly, we're glad to see come to an end.
Before I talk more about -- Q4, let me take a moment to provide some context as we head into 2015; an important year of transition for our company. With the planned separation of eBay and PayPal in 2015, we are moving forward with clarity and speed. We're taking aggressive, decisive actions to address both the opportunities we see and the challenges we face. At the same time, we're creating sharper, strategic focus at eBay and PayPal, and we're implementing more competitive cost structures in each business.
All of these actions are designed to set up eBay and PayPal to succeed. We remain deeply committed to doing what's best for eBay and PayPal, and to delivering sustainable value for shareholders. And we believe more strongly than ever that separation is the right path for our company.
Now let's take a look at the results for the quarter. We enabled $72 billion of commerce volume in the fourth quarter, up 21%. Mobile continues to be a major contributor. For Q4, mobile commerce volume was $17 billion, up 59%, and note mobile now represents 23% of enabled commerce volume. Overall, revenue was up 9% in Q4 and non-GAAP EPS was up 10%.
eBay and PayPal both generated double-digit customer growth, with PayPal reaching nearly 162 million active registered accounts and eBay exceeding 155 million active buyers.
John J. Donahoe
CEO, President and Director
Robert H. Swan
CFO, and SVP
Eric James Sheridan
Paul A. Vogel
Colin A. Sebastian
Scott W. Devitt
Heath P. Terry
John R. Blackledge
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