Earnings Call
Jul 28, 2026
Q2 FY2026
EPS Estimate
1.28
EPS Actual
1.38
Post-Earnings Close
$58.32
Earnings Reaction
+4.0%
PayPal's second quarter 2026 results came in ahead of internal expectations, with non-GAAP EPS of $1.38, down just 1% year-over-year but comfortably above the $1.28 consensus estimate, and total payment volume of $486 billion accelerating to 9% currency-neutral growth. Revenue grew 5% to approximately $8.65 billion, beating estimates, while transaction margin dollars excluding interest on customer balances grew 3%, driven by Venmo monetization, credit performance and Braintree improvement. The headline numbers, however, are secondary to the strategic narrative CEO Enrique Lores is constructing: a multiyear transformation anchored in financial services expansion, Venmo monetization, Braintree margin improvement and a technology overhaul, all largely self-funded through a $1.5 billion gross run rate cost savings program.
Report generated on Jul 28, 2026
AI-generated earnings analysis. Not investment advice.
Chief Executive Officer
The quarter's results reflected a combination of company-specific execution and broader sector dynamics, with management addressing several of the key debates that analysts had flagged heading into the print. Guidance commentary pointed to continued momentum in the core segments, while questions on margins and capital allocation drew more nuanced responses from the leadership team over the course of the call.
The quarter's results reflected a combination of company-specific execution and broader sector dynamics, with management addressing several of the key debates that analysts had flagged heading into the print. Guidance commentary pointed to continued momentum in the core segments, while questions on margins and capital allocation drew more nuanced responses from the leadership team over the course of the call.
The quarter's results reflected a combination of company-specific execution and broader sector dynamics, with management addressing several of the key debates that analysts had flagged heading into the print. Guidance commentary pointed to continued momentum in the core segments, while questions on margins and capital allocation drew more nuanced responses from the leadership team over the course of the call.
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