PayPal reports quarterly results and raises full-year targets slightly

Price performance and sentiment

According to the company, the growth drivers were the two payment services Braintree and Venmo. Payment volume processed via PayPal rose 9 percent on a currency-adjusted basis to USD 486.4 billion. Venmo is particularly well known for direct peer-to-peer payments via smartphone.

Against the backdrop of an acquisition offer from competitor Stripe, PayPal had announced that it would raise its full-year targets slightly and launch a cost-cutting program. For the full year, the company now expects earnings per share of USD 5.38, representing an increase of 1.3 percent compared to the previous year (USD 5.31). Stripe had most recently offered USD 60.50 per share, totaling roughly USD 53 billion — an eleven percent premium over the share price at the time.

PayPal CEO Enrique Lores, who has held the position since March, described the quarterly presentation as evidence of the realignment that has been initiated. "We are working with great urgency to refine our transformation plan and advance our growth strategy," said Lores. The company plans to save USD 400 million (approximately EUR 351.22 million) by year-end.

Strategy and cost-saving program

The savings program also includes streamlining the organizational structure and the increased use of artificial intelligence to boost efficiency. In addition, Lores had announced months ago that he intends to split PayPal into three business divisions.

Tuesday's appearance was also a response to the strained business situation. PayPal has been struggling with declining demand since the end of the COVID-19 pandemic, as consumers are increasingly shopping again in brick-and-mortar stores. In addition, there is growing competitive pressure in digital payments. PayPal had rejected Stripe's offer as insufficient.

The key figures were published with a presentation date of 07/28/2026 at 1:33:59 PM. The stock is listed on NASDAQ under the ISIN US70450Y1038.