OpenNashEarnings

Payments · Nasdaq: PYPL

PayPal earnings: results, call transcripts & KPI history

2 quarters · fiscal year ends December · next results expected around 2 Feb 2027

Investor relations ↗SEC filings ↗KPIs as CSV

Latest: Q3 2026

PayPal's third quarter 2026 net revenues increased 2% to $8.6 billion, non-GAAP EPS increased 8% to $1.45, and GAAP EPS decreased 4% to $1.25, with full-year non-GAAP EPS guidance raised to ~$5.60.

PayPal grew net revenues 2% to $8.6 billion in the third quarter. Transaction margin dollars, the profit left after payment costs and losses, rose 2% to $4.0 billion. Non-GAAP EPS rose 8% to $1.45, helped by tight cost control and share buybacks. GAAP operating income fell 8% to $1.4 billion because of higher restructuring charges. Venmo and Braintree grew volume at double-digit rates, while online branded checkout grew only 1% currency-neutral.

Read the Q3 2026 summary →Q3 2026 slides (PDF) ↗Official transcript (PDF) ↗

Quarters

KPI history

Revenue$8.6B+2.0% y/yQ3 2026
Q4 2024: $8.4B (worked out from the annual figure)Q4 ’24$8.4BQ1 2025: $7.8BQ1 ’25$7.8BQ2 2025: $8.3BQ2 ’25$8.3BQ3 2025: $8.4BQ3 ’25$8.4BQ4 2025: $8.7B (worked out from the annual figure)Q4 ’25$8.7BQ1 2026: $8.4BQ1 ’26$8.4BQ2 2026: $8.7BQ2 ’26$8.7BQ3 2026: $8.6BQ3 ’26$8.6B

Fourth quarter worked out from the annual figure.

Data
Q4 2024$8.4B *
Q1 2025$7.8B
Q2 2025$8.3B
Q3 2025$8.4B
Q4 2025$8.7B *
Q1 2026$8.4B
Q2 2026$8.7B
Q3 2026$8.6B
Diluted EPS (GAAP)$1.25−3.8% y/yQ3 2026
Q1 2025: $1.29Q1 ’25$1.29Q2 2025: $1.29Q2 ’25$1.29Q3 2025: $1.30Q3 ’25$1.30Q1 2026: $1.21Q1 ’26$1.21Q2 2026: $1.25Q2 ’26$1.25Q3 2026: $1.25Q3 ’26$1.25
Data
Q1 2025$1.29
Q2 2025$1.29
Q3 2025$1.30
Q1 2026$1.21
Q2 2026$1.25
Q3 2026$1.25

Fourth-quarter EPS appears once the press release is read; filings report it only for the full year.

Operating margin16.3%−1.8 pts y/yQ3 2026
Q4 2024: 17.2%Q4 ’2417.2%Q1 2025: 19.6%Q1 ’2519.6%Q2 2025: 18.1%Q2 ’2518.1%Q3 2025: 18.1%Q3 ’2518.1%Q4 2025: 17.4%Q4 ’2517.4%Q1 2026: 17.8%Q1 ’2617.8%Q2 2026: 16.4%Q2 ’2616.4%Q3 2026: 16.3%Q3 ’2616.3%
Data
Q4 202417.2%
Q1 202519.6%
Q2 202518.1%
Q3 202518.1%
Q4 202517.4%
Q1 202617.8%
Q2 202616.4%
Q3 202616.3%
Free cash flow$1.4B−16.7% y/yQ3 2026
Q4 2024: $2.2BQ4 ’24$2.2BQ1 2025: $964.0MQ1 ’25$964.0MQ2 2025: $692.0MQ2 ’25$692.0MQ3 2025: $1.7BQ3 ’25$1.7BQ4 2025: $2.2BQ4 ’25$2.2BQ1 2026: $903.0MQ1 ’26$903.0MQ2 2026: $1.8BQ2 ’26$1.8BQ3 2026: $1.4BQ3 ’26$1.4B
Data
Q4 2024$2.2B
Q1 2025$964.0M
Q2 2025$692.0M
Q3 2025$1.7B
Q4 2025$2.2B
Q1 2026$903.0M
Q2 2026$1.8B
Q3 2026$1.4B

Operating cash flow minus capital expenditure, from cash flow statements.

Q4 2024Q1 2025Q2 2025Q3 2025Q4 2025Q1 2026Q2 2026Q3 2026
Revenue$8.4Bd$7.8B$8.3B$8.4B$8.7Bd$8.4B$8.7B$8.6B
Operating income$1.4Bd$1.5B$1.5B$1.5B$1.5Bd$1.5B$1.4B$1.4B
Operating margin17.2%19.6%18.1%18.1%17.4%17.8%16.4%16.3%
Net income$1.1Bd$1.3B$1.3B$1.2B$1.4Bd$1.1B$1.1B$1.1B
Diluted EPS—$1.29$1.29$1.30—$1.21$1.25$1.25
Operating cash flow$2.4Bd$1.2B$898.0Md$2.0Bd$2.4Bd$1.1B$2.0Bd$1.6Bd
Capital expenditure$203.0Md$196.0M$206.0Md$256.0Md$194.0Md$231.0M$208.0Md$161.0Md
Free cash flow$2.2B$964.0M$692.0M$1.7B$2.2B$903.0M$1.8B$1.4B

From XBRL data in 10-Q and 10-K filings. d derived: a fourth quarter is the full year minus the first nine months, and cash flows are year-to-date figures differenced.

10-Q and 10-K filings