PayPal Holdings, Inc. (PYPL) Earnings Call Transcripts
PayPal Holdings, Inc.'s Latest Earnings Call - Q2 FY2026
In the second quarter of 2026, PayPal Holdings, Inc. reported a revenue increase of 5% year-over-year, reaching $7.8 billion, and a non-GAAP earnings per share of $1.38, which was better than guidance. Management raised full-year guidance for transaction margin dollars to approximately $15.6 billion and non-GAAP EPS to $5.38, reflecting confidence in ongoing transformation and growth strategies. The company emphasized strong performance in its Venmo and Braintree segments, which grew in the mid-teens, and highlighted a focus on diversifying its business model into financial services.
Reported metrics
| Metric | Value |
|---|---|
| Revenue | $7.8B (beat) |
| Non-GAAP EPS | $1.38 (beat) |
| Transaction Margin Dollars | $15.6B (positive) |
| Total Payment Volume | $486B (positive) |
| Adjusted Free Cash Flow | $1.8B (positive) |
| Operating Income | $1.5B (negative) |
Guidance from management
Management raised full-year guidance for non-GAAP EPS to $5.38 and transaction margin dollars to approximately $15.6 billion, reflecting confidence in ongoing growth initiatives and cost savings.
What management said
Thanks, Sarah. Welcome to PayPal's Second 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 describe...
Before we open the lines for Q&A, I'd like to ask everyone to limit themselves to 1 question so we can get to as many of your fellow analysts as possible. Sarah, please open the line.
What analysts pressed on
Analysts expressed concerns regarding the increased operating expenses and their potential impact on profitability. There were also questions about the sustainability of growth in branded checkout and the competitive landscape in international markets.
Main topics on the call
- Revenue Growth and Guidance Increase — PayPal's revenue grew 5% year-over-year to $7.8 billion, exceeding expectations. Management raised full-year guidance for transaction margin dollars to approximately $15.6 billion, indicating confidence in future perform...
- Strong Performance in Venmo and Braintree — Venmo and Braintree continued to show strong momentum, with total payment volume growing in the mid-teens. This performance is critical as it supports overall transaction margin growth.
- Cost Savings and Technology Modernization — Management is on track to achieve at least $1.5 billion in gross run rate cost savings over the next 2 to 3 years, which will fund growth initiatives. They are also modernizing technology to enhance efficiency and custom...
- Focus on Financial Services — PayPal is expanding its financial services offerings, including Buy Now Pay Later (BNPL), which is expected to grow revenue at least twice as fast as the total company. This diversification is seen as a key driver of fut...
Read the full PayPal Holdings, Inc. transcript (Q2 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 — 103 calls on record spanning January 29, 2020 to July 28, 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 103 PayPal Holdings, Inc. earnings call transcripts on record, spanning January 29, 2020 to July 28, 2026. Based on this history, PayPal Holdings, Inc. reports quarterly. The most recent call on file is dated July 28, 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
- 103
- First call
- January 29, 2020
- Most recent
- July 28, 2026
- Reporting cadence
- quarterly