Inferra AIResearch Tools

Inferra AI / Company / PYPL

PayPal

PYPL · Financials

Last earnings Oct 27, 2026

Key results

Net revenuequarter

2%

Enrique Lores President and CEO 3Q'26 Financial Results Net revenues increased 2% to $8.6 billion 1% currency-neutral ( FXN ).

SEC original ↗PayPal — Earnings release (8-K exhibit)EX-99Oct 27, 2026

GAAP operating incomequarter

8%

GAAP operating income decreased 8% to $1.4 billion non-GAAP operating income increased 3% to $1.6 billion.

SEC original ↗PayPal — Earnings release (8-K exhibit)EX-99Oct 27, 2026

Operating incomequarter

3%

GAAP operating income decreased 8% to $1.4 billion non-GAAP operating income increased 3% to $1.6 billion.

SEC original ↗PayPal — Earnings release (8-K exhibit)EX-99Oct 27, 2026

GAAP operating marginquarter

16.3%

GAAP operating margin contracted 173 basis points to 16.3% non-GAAP operating margin expanded 16 basis points to 18.8%.

SEC original ↗PayPal — Earnings release (8-K exhibit)EX-99Oct 27, 2026

Operating marginquarter

18.8%

GAAP operating margin contracted 173 basis points to 16.3% non-GAAP operating margin expanded 16 basis points to 18.8%.

SEC original ↗PayPal — Earnings release (8-K exhibit)EX-99Oct 27, 2026

Free cash flowquarter

$1.4 billion

Cash Flow Cash flow from operations of $1.6 billion and free cash flow of $1.4 billion.

SEC original ↗PayPal — Earnings release (8-K exhibit)EX-99Oct 27, 2026

Adjusted free cash flowquarter

$2.0 billion

Adjusted free cash flow of $2.0 billion, which excludes the net timing impact between originating buy now, pay later ( BNPL ) receivables as held for sale and the subsequent repayment and sale of those receivables.

SEC original ↗PayPal — Earnings release (8-K exhibit)EX-99Oct 27, 2026

AI analysis

Q3 2026 · reported Oct 27, 2026

Based on: Earnings release + parent 8-K + 10-Q — transcript not held

Free cash flow · Q3 2026
$1.4B
EX-99 · Oct 27, 2026
GAAP operating margin · Q3 2026
16.3%
-0.1 pts vs prior quarter computed from stated figures
EX-99 · Oct 27, 2026
Operating margin · Q3 2026
18.8%
+2.4 pts vs prior quarter computed from stated figures
EX-99 · Oct 27, 2026
Adjusted free cash flow · Q3 2026
$2.0B
+11.1% vs prior quarter computed from stated figures
EX-99 · Oct 27, 2026

Headline figures

MetricQ3 2026Prior qtrYear ago
Net revenue2%5%—
GAAP operating income8%5%—
Operating income3%8%—
GAAP operating margin16.3%16.4%—
Operating margin18.8%16.4%—
Free cash flow$1.4 billion$1.8 billion—
Adjusted free cash flow$2.0 billion$1.8 billion—

EX-99 · Oct 27, 2026

Guidance · company-stated

EPS

“34 8% Free cash flow $1,431 $1,718 (17)% Adjusted free cash flow $2,047 $2,279 (10)% Financial Guidance 2026 Guidance Following another strong quarter, PayPal is raising full year non-GAAP TM$ and EPS guidance and reaffirming GAAP EPS guidance.”

Company outlook

“Forward-looking statements may include, but are not limited to, statements regarding our guidance and projected financial and operating results for the fourth quarter and full year 2026 our capital return program, including share repurchases and dividend payments, if any our plans with respect to PayPal's business structure and operating model, and the anticipated benefits our plans to reduce our cost structure, including anticipated cost savings the timing and impact of product launches and acquisitions and the projected future growth of PayPal s businesses.”

Primary outlook statements conflict; no label forced — evidence preserved.

Next earningsNo verified date on fileNo date is estimated or imported

Margin

GAAP operating margin16.3%
Operating margin18.8%

Cash flow & capex

Free cash flow$1.4B
Adjusted free cash flow$2.0B

Capital allocation

Dividend$0.14

Returned $1.5 billion to stockholders by repurchasing approximately 28 million shares of common stock in 3Q'26.

General educational research only — not investment advice.Every figure is as stated in the held documents; values marked “computed from stated figures” are arithmetic on those stated figures. Guidance shown is the company’s own stated guidance. No price targets, no recommendations, no consensus estimates.

Event summary

PayPal Reports Third Quarter 2026 Results Strategy beginning to translate into results SAN

Based on: Earnings release + parent 8-K + 10-Q — transcript not held

Guidance & outlook

EPS: “34 8% Free cash flow $1,431 $1,718 (17)% Adjusted free cash flow $2,047 $2,279 (10)% Financial Guidance 2026 Guidance Following another strong quarter, PayPal is raising full year non-GAAP TM$ and EPS guidance and reaffirming GAAP EPS guidance.”

Company outlook: “Forward-looking statements may include, but are not limited to, statements regarding our guidance and projected financial and operating results for the fourth quarter and full year 2026 our capital return program, including share repurchases and dividend payments, if any our plans with respect to PayPal's business structure and operating model, and the anticipated benefits our plans to reduce our cost structure, including anticipated cost savings the timing and impact of product launches and acquisitions and the projected future growth of PayPal s businesses.”

EPS — Raised (“raising”)
“I m pleased with our third-quarter performance and the momentum we are seeing across the business, and we are raising our full-year non-GAAP guidance for transaction margin dollars and EPS.”

EPS — Raised (“raising”)
“34 8% Free cash flow $1,431 $1,718 (17)% Adjusted free cash flow $2,047 $2,279 (10)% Financial Guidance 2026 Guidance Following another strong quarter, PayPal is raising full year non-GAAP TM$ and EPS guidance and reaffirming GAAP EPS guidance.”

Company outlook — Lowered (“reduce”)
“Forward-looking statements may include, but are not limited to, statements regarding our guidance and projected financial and operating results for the fourth quarter and full year 2026 our capital return program, including share repurchases and dividend payments, if any our plans with respect to PayPal's business structure and operating model, and the anticipated benefits our plans to reduce our cost structure, including anticipated cost savings the timing and impact of product launches and acquisitions and the projected future growth of PayPal s businesses.”

Primary outlook statements conflict; no label forced — evidence preserved.

Capital allocation

Returned $1.5 billion to stockholders by repurchasing approximately 28 million shares of common stock in 3Q'26.

SEC original ↗PayPal — Earnings release (8-K exhibit)EX-99Oct 27, 2026

On a trailing 12-month basis, returned $6.0 billion to stockholders by repurchasing approximately 117 million shares of common stock.

SEC original ↗PayPal — Earnings release (8-K exhibit)EX-99Oct 27, 2026

Dividend Program PayPal s Board of Directors declared a cash dividend of $0.14 per share on the Company s common stock, payable on December 24, 2026, to stockholders of record as of the close of business on December 4, 2026.

SEC original ↗PayPal — Earnings release (8-K exhibit)EX-99Oct 27, 2026

Forward-looking statements may include, but are not limited to, statements regarding our guidance and projected financial and operating results for the fourth quarter and full year 2026 our capital return program, including share repurchases and dividend payments, if any our plans with respect to PayPal's business structure and operating model, and the anticipated benefits our plans to reduce our cost structure, including anticipated cost savings the timing and impact of product launches and acquisitions and the projected future growth of PayPal s businesses.

SEC original ↗PayPal — Earnings release (8-K exhibit)EX-99Oct 27, 2026

The company uses free cash flow as a liquidity measure that provides useful information to management and investors about the amount of cash generated by the business after the purchases of property, buildings, and equipment, which can then be used to, among other things, invest in the company s business, make strategic acquisitions and investments, and repurchase stock.

SEC original ↗PayPal — Earnings release (8-K exhibit)EX-99Oct 27, 2026

Debt totaled $13.5 billion as of September 30, 2026.

SEC original ↗PayPal — Earnings release (8-K exhibit)EX-99Oct 27, 2026

Strategy & priorities

htm EX-99.1 Document PayPal Reports Third Quarter 2026 Results Strategy beginning to translate into results SAN JOSE, Calif.

SEC original ↗PayPal — Earnings release (8-K exhibit)EX-99Oct 27, 2026

We are beginning to see our strategy translate into our financial results, with strong contributions from our key growth areas and increasing diversification.

SEC original ↗PayPal — Earnings release (8-K exhibit)EX-99Oct 27, 2026

We are making good progress in our multi-year transformation, and while there is more work to do, we are increasingly confident in our path to durable, profitable growth and remain focused on execution.

SEC original ↗PayPal — Earnings release (8-K exhibit)EX-99Oct 27, 2026

Impact from PayPal s strategic investment portfolio and crypto assets held for investment was immaterial in 3Q'26 GAAP EPS, compared to a $0.01 positive impact in 3Q'25.

SEC original ↗PayPal — Earnings release (8-K exhibit)EX-99Oct 27, 2026

FY'25 GAAP EPS included a positive impact of $0.14 from PayPal s strategic investment portfolio and crypto assets held for investment.

SEC original ↗PayPal — Earnings release (8-K exhibit)EX-99Oct 27, 2026

Risks & headwinds

More information about factors that could adversely affect PayPal s results of operations, financial condition and prospects, or that could cause actual results to differ from those expressed or implied in forward-looking statements is included under the captions Risk Factors, Legal Proceedings and Management s Discussion and Analysis of Financial Condition and Results of Operations in PayPal s most recent annual report on Form 10-K and its subsequent quarterly reports on Form 10-Q, copies of which may be obtained by visiting PayPal s Investor Relations website at https investor.

SEC original ↗PayPal — Earnings release (8-K exhibit)EX-99Oct 27, 2026

Forward-looking statements are based upon various estimates and assumptions, as well as information known to PayPal as of the date of this press release, and are inherently subject to numerous risks and uncertainties.

SEC original ↗PayPal — Earnings release (8-K exhibit)EX-99Oct 27, 2026

Legal Proceedings 65 Item 1A.

SEC original ↗PayPal — 10-Q Quarterly report10-QOct 27, 2026

DISAGGREGATION OF REVENUE We believe that the nature, amount, timing, and uncertainty of our revenue and cash flows and how they are affected by economic factors are most appropriately depicted through our primary geographical markets and types of revenue categories (transaction revenues and revenues from other value added services).

SEC original ↗PayPal — 10-Q Quarterly report10-QOct 27, 2026

What changed vs prior quarter

Net revenue — prior quarter passage and this quarter's passage are both cited.

SEC original ↗PayPal — Earnings release (8-K exhibit)EX-99Oct 27, 2026

GAAP operating income — prior quarter passage and this quarter's passage are both cited.

SEC original ↗PayPal — Earnings release (8-K exhibit)EX-99Oct 27, 2026

GAAP operating margin — prior quarter passage and this quarter's passage are both cited.

SEC original ↗PayPal — Earnings release (8-K exhibit)EX-99Oct 27, 2026

Documents

Earnings deck slides

0 decks with slide view

PayPal — Presentation / slide deck (8-K exhibit) — Slide view unavailable — this deck was filed as a web document, whose text has no page boundaries.

PayPal — Presentation / slide deck (8-K exhibit) — Slide view unavailable — this deck was filed as a web document, whose text has no page boundaries.

PayPal — Presentation / slide deck (8-K exhibit) — Slide view unavailable — this deck was filed as a web document, whose text has no page boundaries.

PayPal — Presentation / slide deck (8-K exhibit) — Slide view unavailable — this deck was filed as a web document, whose text has no page boundaries.

PayPal — Presentation / slide deck (8-K exhibit) — Slide view unavailable — this deck was filed as a web document, whose text has no page boundaries.

PayPal — Presentation / slide deck (8-K exhibit) — Slide view unavailable — this deck was filed as a web document, whose text has no page boundaries.

PayPal — Presentation / slide deck (8-K exhibit) — Slide view unavailable — this deck was filed as a web document, whose text has no page boundaries.

Competitors

Competitors & peers

Same GICS sector — classification peers, not declared competitors

Arthur J. Gallagher & Co. (AJG) FinancialsSun Life Financial (SLF) FinancialsRaymond James Financial (RJF) FinancialsAflac (AFL) FinancialsING Group (ING) FinancialsNorthern Trust (NTRS) FinancialsCincinnati Financial (CINF) FinancialsCoinbase (COIN) Financials

Filings

60 documents

Earnings releases

13 documents

Presentations

7 documents

Transcripts

0 documents

No transcripts for PayPal are held in this edition of the library.

Mentioned by

7 companies

Other tracked companies whose held documents mention PayPal by name or ticker. A mention is counted once per document, from the document text the library holds.

See also the earnings calendar for every tracked company’s next earnings date.