PYPL Q1 2026

Q1 2026 Q4 2025 Q3 2025 Q2 2025 Q1 2025

Earnings

PayPal opened its first quarter of 2026 under new leadership with results that cleared Wall Street's bar on both top and bottom lines, even as margin pressure and a cautious forward outlook complicated the picture. Non-GAAP EPS of $1.34 beat the $1.2… Read more PayPal opened its first quarter of 2026 under new leadership with results that cleared Wall Street's bar on both top and bottom lines, even as margin pressure and a cautious forward outlook complicated the picture. Non-GAAP EPS of $1.34 beat the $1.27 consensus by 5.59%, while revenue of $8.35 billion topped estimates by 3.71% and grew 7.2% year over year, driven by total payment volume reaching $463.95 billion, up 11%. The cleaner story, however, came with caveats: GAAP operating margin contracted 182 basis points to 17.8% as transaction expenses, customer support costs, and technology spending all rose faster than revenue. Aggressive share buybacks, with roughly 34 million shares repurchased for $1.50 billion in the quarter alone, provided meaningful lift to per-share figures, helping non-GAAP EPS grow 1% even as operating income declined. Incoming CEO Enrique Lores has flagged plans to simplify the organization and sharpen strategy, though guidance implies near-term turbulence, with Q2 non-GAAP EPS expected to decline approximately 9% versus the prior year period, and full-year non-GAAP EPS seen as flat to slightly lower versus $5.31 in fiscal 2025.