PayPal Holdings, Inc. reported results for the quarter ended 2026 with revenue of $8.68B and diluted EPS of $1.25, as net income declined to $1.1B versus $1.26B a year earlier.
Financial Highlights
| MetricCurrent quarterPrior year quarterYoY change | Revenue¹$8.68B$8.29B4.8% | Net income²$1.1B$1.26B(12.5%) | Diluted EPS³$1.25$1.29(3.1%) |
¹ Reported as “Net revenues”. ² Reported as “Net income”. ³ Reported as “Net income (loss) per share”.
Business Highlights
- Revenue growth was driven by roughly 10% TPV growth, gains from hedging, and expansion in Braintree and Venmo, lifting net revenues about 5% quarter-over-quarter and ~6% year-to-date.
- Channel mix shifted toward higher TPV share from Braintree and Venmo, while PayPal product revenue was pressured by co-marketing and declines in FX fees.
- Active accounts remained stable at about 439M, with transactions up roughly 8% to 6.75B for the quarter and transactions per account rising to 60.
- Management initiated an April 2026 reorganization targeting $1.5B of annual run-rate savings; near-term transformation charges are expected to be about $120–140M.
- Loss rates improved on lower fraud and credit losses; the company continues to emphasize cybersecurity, regulatory compliance, and credit portfolio funding.
Original SEC Filing:
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