PayPal Holdings, Inc. (PYPL) Earnings Call Transcripts
PayPal Holdings, Inc.'s Latest Earnings Call - Q3 FY2026
In the third quarter of 2026, PayPal Holdings, Inc. reported revenue growth of 2% and non-GAAP earnings per share (EPS) growth of 8%, reaching $1.45, which was above management's guidance. The company raised its full-year guidance for Transaction Margin Dollars to approximately $15.7 billion and non-GAAP EPS to about $5.60, reflecting confidence in its strategic initiatives and operational improvements. Management emphasized the importance of Financial Services and Venmo as key growth drivers moving forward, with expectations for continued double-digit growth in these segments.
Reported metrics
| Metric | Value |
|---|---|
| Non-GAAP EPS | $1.45 (beat) |
| Transaction Margin Dollars | $15.7 billion (raised) |
| Share Repurchases | $1.5 billion |
| Non-Transaction Operating Expenses | 1% |
| Branded Checkout TPV Growth | 1% to 2% (neutral) |
Guidance from management
Management raised guidance for the full year, now expecting non-GAAP EPS to increase to approximately $5.60 and Transaction Margin Dollars to reach about $15.7 billion. They anticipate low single-digit revenue growth for the fourth quarter, factoring in ongoing headwinds from the EU de minimis tax exemption.
What management said
Thanks, Alexandra. Welcome to PayPal's Third Quarter 2026 Earnings Call. I'm joined by CEO, Enrique Lores and Chief Financial and Operating Officer Jamie Miller. Our remarks today include forward-looking statements that involve risks and uncertainties. Actual results may differ materially from these statements. Our commentary is based on our best view of the world and our businesses as we see them today. As describ...
And maybe, just let me emphasize these last two comments. We think we have an opportunity to continue to invest in the areas where we're seeing progress, whether it's transaction margin and [indiscernible]. This is what we are planning to do we think will be critical to drive stronger growth in '28 and beyond. And despite of that we expect and we are targeting to grow EPS at the same rate as we did this [indiscernibl...
What analysts pressed on
Analysts expressed concerns regarding the impact of EU tariff headwinds on Branded Checkout growth and questioned the sustainability of the current momentum in the U.S. market. There were also inquiries about the company's strategy for expanding Venmo's monetization and the potential for M&A activity to accelerate growth.
Main topics on the call
- Revenue Growth and Guidance — PayPal's revenue grew by 2% year-over-year, with management raising full-year guidance for Transaction Margin Dollars to approximately $15.7 billion. They also expect non-GAAP EPS to increase to about $5.60, reflecting a...
- Financial Services Expansion — Financial Services are becoming a significant growth driver, representing over 20% of Transaction Margin Dollars in 2026 and growing at double-digit rates. Management noted, "We continue to see good momentum in Pay Later...
- Venmo Performance — Venmo sustained double-digit growth for the eighth consecutive quarter, with Transaction Margin Dollar growth driven by increased adoption of monetized products. Management stated, "Monthly active accounts using both the...
- Cost Management and Operational Efficiency — PayPal has implemented significant cost-saving measures, with non-transaction operating expenses growing only 1% in the quarter. Management mentioned, "We are on track to achieve our target of at least $1.5 billion in gr...
Read the full PayPal Holdings, Inc. transcript (Q3 FY2026) → Summary generated from the call transcript; every figure above is stated by management on the record.
About PayPal Holdings, Inc.
PayPal Holdings, Inc. (PYPL) is a publicly listed company in the Financial Services industry, within the Financials sector. It trades on NasdaqGS and is based in US. EarningsCalls.dev maintains a free, full-text archive of its earnings call transcripts — 105 calls on record spanning January 29, 2020 to October 27, 2026. Every transcript is split into speaker-by-speaker segments with headline metrics, free to read or available through our REST API.
Earnings Call History
EarningsCalls.dev has 105 PayPal Holdings, Inc. earnings call transcripts on record, spanning January 29, 2020 to October 27, 2026. Based on this history, PayPal Holdings, Inc. reports quarterly. The most recent call on file is dated October 27, 2026. The full list is below — each row opens the complete, free-to-read transcript.
- Ticker
- PYPL
- Exchange
- NasdaqGS
- Country
- US
- Sector
- Financials
- Industry
- Financial Services
- Calls on record
- 105
- First call
- January 29, 2020
- Most recent
- October 27, 2026
- Reporting cadence
- quarterly