Earnings Brief

PayPal Q2 Revenue Hits $8.7B, Beating Wall Street Estimates; Raises Annual Profit Outlook

PayPal's Q2 2026 revenue came in at $8.7 billion, up 5% year-over-year. Total payment volume rose 10% to $486.4 billion, and the company raised its annual adjusted EPS guidance.

Justin Jeon·July 29, 2026 at 05:06·5 min

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AIKey Summary

PayPal's Q2 2026 revenue rose 5% YoY to $8.7 billion, with adjusted EPS of $1.38 beating estimates
Media noted the transformation progress; PayPal raised its full-year profit outlook

PayPal shares were trading at $58.32 as of 5:02 a.m. KST on July 29, up 4.01% from the previous session, after the company disclosed in an SEC 8-K filing on July 28 (local time) that second-quarter revenue rose 5% year-over-year to $8.7 billion, beating market expectations.

📊 Price at Time of Writing (July 29, 2026, 05:02 KST)
$58.32 ▲ +4.01%

Earnings at a Glance

Both revenue and total payment volume rose for PayPal in the second quarter, though profitability softened somewhat. GAAP operating income fell 5% year-over-year to $1.4 billion, and the operating margin narrowed to 16.4%. Total payment volume and transaction counts, however, continued to climb, underscoring ongoing business growth.

Revenue: $8.7 billion, +5% year-over-year (+3% excluding FX impact)
EPS: GAAP $1.25 (vs. $1.29 a year ago); adjusted EPS $1.38 (vs. $1.40), beating market expectations
Operating income: GAAP $1.4 billion (-5%); adjusted operating income $1.5 billion (-8%)
Total payment volume (TPV): $486.4 billion, +10% year-over-year
Share buybacks: $1.5 billion (roughly 33 million shares) in Q2; $6.0 billion (roughly 111 million shares) over the trailing 12 months

Outlook for Next Quarter

PayPal projected third-quarter adjusted EPS to decline in the low single digits from $1.34 a year earlier, with GAAP EPS also expected to fall in the low single digits. The full-year outlook, however, was raised. The company lifted its adjusted EPS guidance for the year from a range of 'low-single-digit decline to slight increase' to approximately $5.38, above last year's $5.31. GAAP EPS guidance for the year was left unchanged at a mid-single-digit decline. PayPal CEO Enrique Lores said in the earnings call that the progress made this quarter was encouraging, noting that the branded checkout business has stabilized and that growth in Venmo and Braintree supported the company's decision to raise its full-year non-GAAP outlook.

Market Reaction

Bloomberg reported that PayPal's results this quarter beat market expectations. Reuters noted that PayPal continues its business transformation efforts amid ongoing acquisition speculation. TechCrunch and MarketWatch reported that PayPal signaled it remains open to a higher takeover offer even after the earnings release. Shares rallied more than 4% following the announcement. PayPal's board declared a dividend of $0.14 per share, payable September 25.

This article was automatically generated based on the original SEC 8-K filing and international media reports, with the goal of delivering key data quickly after the announcement. Readers are advised to consult the company's official filing before making trading decisions. Prices reflect the time of writing and may differ from current levels.

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