PayPal Q2 2026 Earnings Beat Estimates; Raises Full-Year Profit Guidance
PayPal reported second-quarter adjusted earnings of $1.38 per share, beating analyst expectations of $1.28, and raised its full-year profit guidance as CEO Enrique Lores's turnaround effort showed early progress. Revenue rose 5% year-over-year to $8.68 billion, exceeding the $8.47 billion consensus. The company now expects full-year adjusted earnings of $5.38 per share, up from $5.31 in 2025, and transaction margin dollars of roughly $15.6 billion, reversing prior guidance for a slight decline. Venmo Debit Card monthly active accounts grew more than 50% year-over-year, and Braintree total payment volume grew in the mid-teens. PayPal is on track to achieve $400 million in gross run-rate savings in 2026, with a longer-term target of at least $1.5 billion over two to three years. However, GAAP net income fell to $1.1 billion from $1.26 billion a year earlier, and non-GAAP operating margin contracted 248 basis points to 17.4%. PayPal stock fell roughly 2% in premarket trading following the report.
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