PYPL
PayPal Holdings, Inc.61.33
+0.59+0.97%
Dec 16, 4:00:01 PM EST
Earnings Call Transcripts
This Quarter (Q1 '26)
No earnings call transcript available yet
Last Quarter (Q4 '25)
FY Q4 '25
Q&A stresses execution continuity
Q&A reinforces that the CEO switch to Enrique Lores targets execution speed, not strategy overhaul—he's already shaped 2026 guidance, reassuring investors on continuity. Management detailed merchant adoption tactics like dedicated high-impact teams, bundled biometrics rollout, and upstream BNPL presentment to counter slow upgrades. New consumer hooks include Venmo's fresh Stash rewards and PayPal Plus global push midyear for habituation. Yet diversification proved resilient: branded softness didn't derail 2025's TM and EPS gains. January branded trends ticked up from Q4. Execution accelerates now. Watch merchant traction for thesis pivot.
Key Stats
Market Cap
58.59BP/E (TTM)
12.32Basic EPS (TTM)
4.98Dividend Yield
0%Recent Filings
8-K
PayPal appoints new CEO Lores
PayPal ousted CEO Alex Chriss on February 2, 2026, appointing board member Enrique Lores—ex-HP CEO with 30 years there—as new President and CEO effective March 1. CFO Jamie Miller steps in as interim; David Dorman takes board chair. Lores scores $1.45M salary, 200% bonus target, and $72.5M in equity grants tied to stock hurdles. Leadership shakeup signals execution push.
10-K
FY2025 results
PayPal processed $1.79T TPV in FY2025 ended December 31, 2025, up 7% y/y, with 439M active accounts (up 1%) but 25.4B transactions (down 4%). Net revenues rose 4% to $33.2B on TPV growth and loan interest, while operating income climbed 14% to $6.1B (18% margin) as transaction expense growth slowed. Q4 accelerated with $13.9B remaining for buybacks after $6B repurchases and a new $0.14/share quarterly dividend ($130M paid). Cybersecurity threats loom large.
8-K
Q4 revenues up 4%; new CEO
PayPal posted Q4 net revenues up 4% to $8.7B and FY up 4% to $33.2B, with TPV hitting $475B and $1.79T respectively; transaction margin dollars rose 3% to $4.0B in Q4. Branded checkout lagged, prompting Board appointment of Enrique Lores as next CEO. New CEO takes charge. 2026 non-GAAP EPS guides low-single digit decline to slightly positive.
8-K
€65B BNPL receivables deal
PayPal subsidiaries signed a receivables purchase agreement on November 11, 2025, with Alps 2.0 Partners to sell up to €65 billion of UK and European BNPL loan receivables over a 28-month forward-flow commitment, expected to close Q4 2025. PayPal retains servicing under a management agreement while guaranteeing obligations, offloading assets yet controlling operations. Deal exposes off-balance sheet risks like repurchases for breaches.
8-K
PayPal launches $5B CP program
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