EBay Inc. posted net income of $460 million for the first quarter, a 22% increase over $377 million in the prior year.

The online marketplace reported net revenue of $2.2 billion for the quarter ended March 31, a 24% increase over $1.8 billion last year.

The San Jose, CA firm attributed these results partly to the ongoing expansion at PayPal, Skype and the company’s global classifieds business.

In addition, the company’s marketplaces unit, which consists of EBay, Shopping.com, StubHub, Kijiji and other commercial sites, posted $1.48 billion in revenue for the quarter, a 19% increase over $1.24 billion in the prior year.

The firm said that its operating margin decreased to 25.2% for the quarter, compared to 26.5% for the same period last year, which EBay attributed to its “faster growing lower-margin businesses such as PayPal and Skype.”

“This was a very strong financial quarter for the company,” said CEO John Donahoe, in a statement. “The results reflect the strength provided by our diverse portfolio of businesses. Our stability and growth continues to give us the confidence to make innovative changes to our products to keep customers engaged for years to come.”