Analyst Consensus ?
ConsensusHold68 ratings
Bullish2435.3%
Neutral4160.3%
Bearish34.4%
1 unmapped firm rating excluded from the percentages.
PayPal Holdings, Inc. · PYPL · FY2026 Q1 · Calendar Q2 2026
PayPal Q1 2026: Beat on Revenue and EPS, New CEO Unveils $1.5B Cost-Saving Plan
PayPal's Q1 FY2026 results exceeded consensus on both EPS ($1.34 vs. $1.27) and revenue ($8.35B vs. $8.05B), driven by 11% spot TPV growth and strength in Venmo and payment services. Despite the beat, the stock fell sharply — down roughly 7.7% on the day with continued negative drift afterward — suggesting investors focused on the scale and risk of the planned transformation rather than the near-term results. New CEO Enrique Lores outlined a sweeping reorganization into three business units (checkout, consumer financial services, payment services) and a $1.5 billion cost-saving program powered by AI and organizational simplification. Full-year 2026 guidance was reaffirmed, balancing these investments against macro headwinds, but the simultaneous restructuring, technology overhaul, and cost-reduction effort carry meaningful execution risk that the market has not yet rewarded.
Reported Before market openNASDAQFinancial Services
$51.44B market cap
100quality score
Company context
Snapshot as of publicationPayPal Holdings, Inc. provides a worldwide technological framework that facilitates digital financial transactions for both businesses and individual users. The company offers a wide array of payment services through well-known brands such as PayPal, PayPal Credit, Braintree, Venmo, Xoom, Zettle, Hyperwallet, Honey, and Paidy. Through its extensive platform, consumers are able to send and receive funds across roughly 200 global markets and in approximately 100 different currencies. Additionally, users can transfer money to their bank accounts in 56 currencies and maintain account balances in 25 distinct currencies within their PayPal accounts. Founded in 1998, the company's corporate headquarters are situated in San Jose, California.
Earnings scorecard
Reported versus consensus
Reported EPS
$1.34
Consensus $1
EPS surprise
+5.5%
Reported versus consensus
Reported revenue
$8.35B
Consensus $8.05B
Revenue surprise
+3.8%
Reported versus consensus
Earnings History
Estimate
Beat
Miss
Match
Analyst 52W Price Targets
$58.35Current
$34Low
$96.7Average
$290High
Latest persisted target per named analyst; persisted current price from FN2's market snapshot as of Jul 30, 2026. Not an FN2 forecast.
Firm-level rating actions
FMP grade actions identify the grading firm, not a named analyst.
| Firm | Rating | Prior rating | Action | Date |
|---|---|---|---|---|
| Truist Securities | Hold | Sell | Upgrade | Jul 24, 2026 |
| Canaccord Genuity | Hold | Hold | Maintain | Jul 16, 2026 |
| Barclays | Equal Weight | Underweight | Upgrade | Jul 16, 2026 |
| Macquarie | Neutral | Neutral | Maintain | Jul 15, 2026 |
| Goldman Sachs | Sell | Sell | Maintain | Jul 9, 2026 |
| Piper Sandler | Neutral | Neutral | Maintain | Jun 30, 2026 |
| UBS | Neutral | Neutral | Maintain | May 6, 2026 |
| RBC Capital | Outperform | Outperform | Maintain | May 6, 2026 |
| Needham | Hold | Hold | Maintain | May 5, 2026 |
| BMO Capital | Market Perform | Market Perform | Maintain | Apr 22, 2026 |
| Cantor Fitzgerald | Neutral | Neutral | Maintain | Apr 21, 2026 |
| B of A Securities | Neutral | Neutral | Maintain | Apr 21, 2026 |
| Mizuho | Neutral | Outperform | Downgrade | Apr 16, 2026 |
| Citigroup | Neutral | Neutral | Maintain | Apr 8, 2026 |
| KGI Securities | Neutral | Outperform | Downgrade | Mar 2, 2026 |
| Wells Fargo | Equal Weight | Equal Weight | Maintain | Feb 4, 2026 |
| Morgan Stanley | Underweight | Underweight | Maintain | Feb 4, 2026 |
| JP Morgan | Neutral | Neutral | Maintain | Feb 4, 2026 |
| Evercore ISI Group | In Line | In Line | Maintain | Feb 4, 2026 |
| Citizens | Market Perform | Market Outperform | Downgrade | Feb 4, 2026 |
| BTIG | Neutral | Neutral | Maintain | Feb 3, 2026 |
| Daiwa Capital | Neutral | Outperform | Downgrade | Jan 13, 2026 |
| Susquehanna | Positive | Positive | Maintain | Jan 8, 2026 |
| Baird | Neutral | Outperform | Downgrade | Dec 12, 2025 |
| Keefe, Bruyette & Woods | Outperform | Outperform | Maintain | Oct 29, 2025 |
| Argus Research | Buy | Buy | Maintain | Oct 29, 2025 |
| Wolfe Research | Peer Perform | Outperform | Downgrade | Oct 3, 2025 |
| JMP Securities | Market Outperform | Market Outperform | Maintain | Jul 30, 2025 |
| Seaport Global | Neutral | Sell | Upgrade | Jul 14, 2025 |
| Monness, Crespi, Hardt | Buy | Buy | Maintain | Apr 8, 2025 |
| Citizens Capital Markets | Market Outperform | Market Outperform | Maintain | Feb 26, 2025 |
| Phillip Securities | Accumulate | Buy | Maintain | Nov 1, 2024 |
| Stephens & Co. | Equal Weight | Equal Weight | Maintain | Oct 18, 2024 |
| Bernstein | Market Perform | Outperform | Downgrade | Oct 10, 2024 |
| Deutsche Bank | Buy | Buy | Maintain | Sep 23, 2024 |
| TD Cowen | Hold | Hold | Maintain | Jul 31, 2024 |
| William Blair | Market Perform | Outperform | Downgrade | Jul 18, 2024 |
| DZ Bank | Hold | Buy | Downgrade | Feb 9, 2024 |
| Wedbush | Outperform | Outperform | Maintain | Feb 8, 2024 |
| Oppenheimer | Perform | Perform | Maintain | Jan 25, 2024 |
| Jefferies | Hold | Hold | Maintain | Oct 9, 2023 |
| MoffettNathanson | Market Perform | Outperform | Downgrade | Sep 18, 2023 |
| Credit Suisse | Neutral | Neutral | Maintain | Jul 24, 2023 |
| Atlantic Equities | Neutral | Overweight | Downgrade | Jun 13, 2023 |
| Exane BNP Paribas | Neutral | Outperform | Downgrade | May 12, 2023 |
| Edward Jones | Hold | Buy | Downgrade | May 10, 2023 |
| Raymond James | Market Perform | Outperform | Downgrade | Feb 6, 2023 |
| SMBC Nikko | Underperform | Neutral | Downgrade | Jan 18, 2023 |
| Keybanc | Overweight | Downgrade | Jan 9, 2023 | |
| DA Davidson | Buy | Buy | Maintain | Nov 7, 2022 |
| Berenberg | Buy | Buy | Maintain | Jul 27, 2022 |
| Redburn Partners | Neutral | Buy | Downgrade | Jul 8, 2022 |
| Rosenblatt | Buy | Buy | Maintain | Apr 28, 2022 |
| Cowen & Co. | Outperform | Outperform | Maintain | Apr 28, 2022 |
| SunTrust Robinson Humphrey | Hold | Hold | Maintain | Jul 30, 2020 |
| Nomura | Buy | Buy | Maintain | Apr 9, 2020 |
| Guggenheim | Buy | Neutral | Upgrade | Jan 31, 2020 |
| Buckingham Research | Neutral | Buy | Downgrade | Feb 25, 2019 |
| Buckingham | Neutral | Buy | Downgrade | Feb 25, 2019 |
| BTIG Research | Buy | Neutral | Upgrade | Oct 19, 2018 |
| Bank of America | Buy | Buy | Maintain | Sep 11, 2018 |
| Stifel Nicolaus | Buy | Buy | Maintain | Jul 26, 2018 |
| Stifel | Buy | Buy | Maintain | Jul 26, 2018 |
| Argus | Buy | Buy | Maintain | Nov 17, 2017 |
| Loop Capital | Hold | Hold | Maintain | Oct 20, 2017 |
| Pacific Crest | Overweight | Sector Weight | Upgrade | Jun 21, 2017 |
| FBN Securities | Outperform | Sector Perform | Upgrade | May 1, 2017 |
| PiperJaffray | Neutral | Underweight | Upgrade | Apr 27, 2017 |
| Monness Crespi Hardt | Buy | Neutral | Upgrade | Jan 3, 2017 |
Named analyst price targets
Upside is calculated against the persisted current price $58.35. FMP does not supply a rating on these named-analyst rows.
| Firm | Analyst | 52W target | Price when posted | Upside | Date |
|---|---|---|---|---|---|
| Goldman Sachs | Analyst unavailable | $50 | $58.32 | -14.3% | Jul 28, 2026 |
| Truist Financial | Matthew Coad | $57 | $56 | -2.3% | Jul 24, 2026 |
| Barclays | Analyst unavailable | $55 | $57.34 | -5.7% | Jul 16, 2026 |
| Canaccord Genuity | Joseph Vafi | $55 | $55.52 | -5.7% | Jul 16, 2026 |
| Goldman Sachs | Analyst unavailable | $48 | $44.53 | -17.7% | Jul 9, 2026 |
| Barclays | Analyst unavailable | $42 | $45.65 | -28.0% | Jul 7, 2026 |
| Piper Sandler | Bill Carcache | $42 | $44.38 | -28.0% | Jun 29, 2026 |
| Truist Financial | Analyst unavailable | $44 | $45.07 | -24.6% | May 12, 2026 |
| Macquarie | Paul Golding | $50 | $46.27 | -14.3% | May 7, 2026 |
| UBS | Analyst unavailable | $48 | $46.04 | -17.7% | May 6, 2026 |
| Truist Financial | Matthew Coad | $45 | $49.79 | -22.9% | Apr 24, 2026 |
| BMO Capital | Andrew Bauch | $52 | $50.88 | -10.9% | Apr 21, 2026 |
| Cantor Fitzgerald | Ramsey El-Assal | $54 | $51.99 | -7.5% | Apr 21, 2026 |
| UBS | Analyst unavailable | $50 | $49.57 | -14.3% | Apr 16, 2026 |
| Truist Financial | Analyst unavailable | $39 | $42.07 | -33.2% | Feb 10, 2026 |
| Macquarie | Analyst unavailable | $58 | $40.8 | -0.6% | Feb 4, 2026 |
| RBC Capital | Analyst unavailable | $59 | $40.09 | +1.1% | Feb 4, 2026 |
| Susquehanna | Analyst unavailable | $63 | $40.36 | +8.0% | Feb 4, 2026 |
| Goldman Sachs | Analyst unavailable | $41 | $41.7 | -29.7% | Feb 4, 2026 |
| Mizuho Securities | Analyst unavailable | $60 | $41.7 | +2.8% | Feb 4, 2026 |
| Robert W. Baird | Analyst unavailable | $52 | $41.7 | -10.9% | Feb 4, 2026 |
| UBS | Timothy Chiodo | $44 | $41.7 | -24.6% | Feb 4, 2026 |
| Morgan Stanley | James Faucette | $34 | $41.7 | -41.7% | Feb 4, 2026 |
| Wells Fargo | Analyst unavailable | $48 | $41.7 | -17.7% | Feb 4, 2026 |
| HSBC | Analyst unavailable | $47 | $41.7 | -19.5% | Feb 4, 2026 |
| Canaccord Genuity | Joseph Vafi | $42 | $41.7 | -28.0% | Feb 4, 2026 |
| Compass Point | Analyst unavailable | $51 | $41.7 | -12.6% | Feb 4, 2026 |
| Raymond James | Analyst unavailable | $48 | $41.7 | -17.7% | Feb 3, 2026 |
| Evercore ISI | Adam Frisch | $40 | $41.96 | -31.4% | Feb 3, 2026 |
| Morgan Stanley | James Faucette | $50 | $55.51 | -14.3% | Jan 28, 2026 |
| Redburn Partners | Analyst unavailable | $50 | $55.51 | -14.3% | Jan 28, 2026 |
| Cantor Fitzgerald | Ramsey El-Assal | $60 | $56.6 | +2.8% | Jan 26, 2026 |
| Truist Financial | Matthew Coad | $58 | $55.66 | -0.6% | Jan 20, 2026 |
| Stephens | Analyst unavailable | $65 | $56.4 | +11.4% | Jan 16, 2026 |
| Daiwa | Analyst unavailable | $61 | $57.29 | +4.5% | Jan 13, 2026 |
| Susquehanna | Analyst unavailable | $90 | $58.31 | +54.2% | Jan 8, 2026 |
| Mizuho Securities | Analyst unavailable | $75 | $59.81 | +28.5% | Dec 22, 2025 |
| Morgan Stanley | Analyst unavailable | $51 | $60.18 | -12.6% | Dec 18, 2025 |
| Robert W. Baird | Analyst unavailable | $66 | $61.69 | +13.1% | Dec 12, 2025 |
| Compass Point | Dominick Gabriele | $56 | $61.46 | -4.0% | Dec 9, 2025 |
| Wells Fargo | Analyst unavailable | $67 | $61.12 | +14.8% | Dec 9, 2025 |
| Deutsche Bank | Nate Svensson | $65 | $62.6 | +11.4% | Dec 5, 2025 |
| Mizuho Securities | Dan Dolev | $84 | $69.68 | +44.0% | Oct 30, 2025 |
| Argus Research | Stephen Biggar | $87 | $70.84 | +49.1% | Oct 29, 2025 |
| Compass Point | Dominick Gabriele | $66 | $71.56 | +13.1% | Oct 29, 2025 |
| Canaccord Genuity | Analyst unavailable | $100 | $73.02 | +71.4% | Oct 29, 2025 |
| Morgan Stanley | James Faucette | $74 | $73.02 | +26.8% | Oct 29, 2025 |
| Robert W. Baird | Colin Sebastian | $83 | $73.02 | +42.2% | Oct 29, 2025 |
| UBS | Tim Chiodo | $80 | $73.02 | +37.1% | Oct 29, 2025 |
| RBC Capital | Analyst unavailable | $91 | $75.97 | +56.0% | Oct 28, 2025 |
| Truist Financial | Analyst unavailable | $65 | $70.99 | +11.4% | Oct 24, 2025 |
| Wells Fargo | Analyst unavailable | $74 | $70.05 | +26.8% | Oct 21, 2025 |
| Goldman Sachs | Will Nance | $70 | $69.81 | +20.0% | Oct 13, 2025 |
| Morgan Stanley | Analyst unavailable | $75 | $69.71 | +28.5% | Jul 30, 2025 |
| Piper Sandler | Patrick Moley | $74 | $78.22 | +26.8% | Jul 29, 2025 |
| UBS | Timothy Chiodo | $75 | $65.84 | +28.5% | Apr 30, 2025 |
| Barclays | Ramsey El-Assal | $80 | $60.94 | +37.1% | Apr 15, 2025 |
| Arete Research | Analyst unavailable | $81 | $68.86 | +38.8% | Mar 27, 2025 |
| Morgan Stanley | James Faucette | $90 | $85.45 | +54.2% | Dec 18, 2024 |
| Barclays | Ramsey El-Assal | $92 | $89.05 | +57.7% | Dec 5, 2024 |
| Macquarie | Paul Golding | $95 | $78.73 | +62.8% | Oct 30, 2024 |
| BMO Capital | Rufus Hone | $82 | $78.98 | +40.5% | Oct 30, 2024 |
| Susquehanna | James Friedman | $94 | $80.28 | +61.1% | Oct 30, 2024 |
| Goldman Sachs | Will Nance | $79 | $78.05 | +35.4% | Oct 29, 2024 |
| Stephens | Charles Nabhan | $85 | $79.82 | +45.7% | Oct 18, 2024 |
| Wells Fargo | Andrew Bauch | $75 | $80.82 | +28.5% | Oct 17, 2024 |
| Bernstein | Harshita Rawat | $80 | $81.65 | +37.1% | Oct 10, 2024 |
| Capital One Financial | Rufus Hone | $73 | $77.44 | +25.1% | Oct 3, 2024 |
| Deutsche Bank | Bryan Keane | $94 | $76.76 | +61.1% | Sep 23, 2024 |
| Morgan Stanley | James Faucette | $71 | $73.12 | +21.7% | Sep 19, 2024 |
| Robert W. Baird | Colin Sebastian | $80 | $72.03 | +37.1% | Sep 6, 2024 |
| Bank of America Securities | Jason Kupferberg | $74 | $70.55 | +26.8% | Aug 28, 2024 |
| Daiwa | Kazuya Nishimura | $72 | $64.28 | +23.4% | Aug 9, 2024 |
| Canaccord Genuity | Joseph Vafi | $80 | $66.31 | +37.1% | Jul 31, 2024 |
| BMO Capital | Rufus Hone | $72 | $66.73 | +23.4% | Jul 31, 2024 |
| Macquarie | Paul Golding | $90 | $64 | +54.2% | Jul 31, 2024 |
| Bernstein | Harshita Rawat | $78 | $64 | +33.7% | Jul 31, 2024 |
| Evercore ISI | David Togut | $72 | $64 | +23.4% | Jul 30, 2024 |
| Monness | Gus Gala | $95 | $62.62 | +62.8% | Jul 30, 2024 |
| Susquehanna | James Friedman | $71 | $57.81 | +21.7% | Jul 2, 2024 |
| Goldman Sachs | Will Nance | $69 | $59.59 | +18.3% | Jun 24, 2024 |
| UBS | Tim Chiodo | $71 | $59.12 | +21.7% | Jun 18, 2024 |
| New Street | Soomit Datta | $80 | $62.51 | +37.1% | May 31, 2024 |
| Mizuho Securities | Dan Dolev | $90 | $61.05 | +54.2% | May 30, 2024 |
| JMP Securities | Andrew Boone | $82 | $66.14 | +40.5% | May 1, 2024 |
| Evercore ISI | David Togut | $65 | $67.92 | +11.4% | May 1, 2024 |
| Mizuho Securities | Dan Dolev | $68 | $66.09 | +16.5% | May 1, 2024 |
| BMO Capital | Rufus Hone | $65 | $65.99 | +11.4% | May 1, 2024 |
| Wells Fargo | Andrew Bauch | $65 | $67.92 | +11.4% | May 1, 2024 |
| RBC Capital | Daniel Perlin | $84 | $65.98 | +44.0% | May 1, 2024 |
| JMP Securities | David Scharf | $70 | $63.43 | +20.0% | Apr 17, 2024 |
| Barclays | Ramsey El-Assal | $81 | $63.51 | +38.8% | Apr 16, 2024 |
| Piper Sandler | Kevin Barker | $62 | $56.13 | +6.3% | Feb 8, 2024 |
| Mizuho Securities | Dan Dolev | $72 | $56.77 | +23.4% | Nov 14, 2023 |
| Mizuho Securities | Dan Dolev | $92 | $60.06 | +57.7% | Aug 15, 2023 |
| Susquehanna | James Friedman | $78 | $64.72 | +33.7% | Aug 3, 2023 |
| Credit Suisse | Timothy Chiodo | $80 | $73.84 | +37.1% | Jul 24, 2023 |
| Wedbush | Moshe Katri | $85 | $63.49 | +45.7% | Jun 9, 2023 |
| JMP Securities | David Scharf | $85 | $66.42 | +45.7% | May 9, 2023 |
| Morgan Stanley | James Faucette | $72 | $73.05 | +23.4% | Mar 24, 2023 |
| Mizuho Securities | Dan Dolev | $100 | $80.74 | +71.4% | Feb 10, 2023 |
| Mizuho Securities | Dan Dolev | $105 | $77.69 | +79.9% | Jan 4, 2023 |
| Truist Financial | Andrew Jeffrey | $95 | $74.58 | +62.8% | Jan 3, 2023 |
| Piper Sandler | Analyst unavailable | $85 | $73.8 | +45.7% | Dec 13, 2022 |
| Barclays | Analyst unavailable | $108 | $73.57 | +85.1% | Dec 12, 2022 |
| Barclays | Ramsey El-Assal | $100 | $75.18 | +71.4% | Nov 6, 2022 |
| Jefferies | Trevor Williams | $75 | $75.18 | +28.5% | Nov 4, 2022 |
| Goldman Sachs | Mike Ng | $110 | $76.55 | +88.5% | Nov 4, 2022 |
| Barclays | Ramsey El Assal | $100 | $75.18 | +71.4% | Nov 4, 2022 |
| Stephens | Charles Nabhan | $80 | $75.18 | +37.1% | Nov 4, 2022 |
| SMBC Nikko | Andrew Bauch | $95 | $75.18 | +62.8% | Nov 4, 2022 |
| Goldman Sachs | Mike Ng | $110 | $75.18 | +88.5% | Nov 4, 2022 |
| UBS | Rayna Kumar | $123 | $75.18 | +110.8% | Nov 4, 2022 |
| Susquehanna | James Friedman | $100 | $95.03 | +71.4% | Sep 20, 2022 |
| Raymond James | John Davis | $123 | $97.05 | +110.8% | Sep 14, 2022 |
| Deutsche Bank | Bryan Keane Keane | $140 | $97.6 | +139.9% | Sep 12, 2022 |
| Wells Fargo | Analyst unavailable | $120 | $95.4 | +105.7% | Sep 8, 2022 |
| Evercore ISI | David Togut | $136 | $101.51 | +133.1% | Aug 16, 2022 |
| Mizuho Securities | Analyst unavailable | $118 | $98.68 | +102.2% | Aug 8, 2022 |
| BMO Capital | Analyst unavailable | $124 | $96.68 | +112.5% | Aug 4, 2022 |
| Barclays | Analyst unavailable | $131 | $97.92 | +124.5% | Aug 4, 2022 |
| Stephens | Charles Nabhan | $95 | $97.92 | +62.8% | Aug 3, 2022 |
| Truist Financial | Analyst unavailable | $108 | $98.33 | +85.1% | Aug 3, 2022 |
| UBS | Analyst unavailable | $136 | $98.75 | +133.1% | Aug 3, 2022 |
| Wells Fargo | Analyst unavailable | $123 | $89.63 | +110.8% | Aug 3, 2022 |
| Credit Suisse | Analyst unavailable | $110 | $89.63 | +88.5% | Aug 3, 2022 |
| JMP Securities | Analyst unavailable | $120 | $89.63 | +105.7% | Aug 3, 2022 |
| Jefferies | Trevor Williams | $93 | $89.63 | +59.4% | Aug 3, 2022 |
| RBC Capital | Daniel Perlin | $92 | $85.56 | +57.7% | Jul 27, 2022 |
| Berenberg Bank | Analyst unavailable | $145 | $77.04 | +148.5% | Jul 27, 2022 |
| Oppenheimer | Analyst unavailable | $101 | $81.05 | +73.1% | Jul 25, 2022 |
| Morgan Stanley | James Faucette | $129 | $82.49 | +121.1% | Jul 21, 2022 |
| Wells Fargo | Jeff Cantwell | $97 | $80.24 | +66.2% | Jul 20, 2022 |
| Wells Fargo | Analyst unavailable | $97 | $79.38 | +66.2% | Jul 20, 2022 |
| J.P. Morgan | Analyst unavailable | $112 | $77.74 | +91.9% | Jul 20, 2022 |
| JMP Securities | Analyst unavailable | $100 | $71.14 | +71.4% | Jul 15, 2022 |
| Piper Sandler | Analyst unavailable | $93 | $74.4 | +59.4% | Jul 6, 2022 |
| Truist Financial | Andrew Jeffrey | $80 | $71.4 | +37.1% | Jul 4, 2022 |
| Credit Suisse | Timothy Chiodo | $95 | $71.47 | +62.8% | Jun 29, 2022 |
| Wells Fargo | Jeff Cantwell's | $115 | $75.82 | +97.1% | Jun 27, 2022 |
| Wedbush | Moshe Katri | $110 | $79.3 | +88.5% | Jun 11, 2022 |
| Barclays | Ramsey El Assal | $125 | $75.17 | +114.2% | May 11, 2022 |
| Morgan Stanley | James Faucette | $137 | $78.75 | +134.8% | May 10, 2022 |
| Mizuho Securities | Dan Dolev | $120 | $91.53 | +105.7% | May 3, 2022 |
| D.A. Davidson | Christopher Brendler | $131 | $87.93 | +124.5% | May 1, 2022 |
| RBC Capital | Analyst unavailable | $110 | $85.63 | +88.5% | Apr 28, 2022 |
| JMP Securities | Analyst unavailable | $112 | $85.71 | +91.9% | Apr 28, 2022 |
| BMO Capital | Analyst unavailable | $114 | $85.99 | +95.4% | Apr 28, 2022 |
| Susquehanna | Analyst unavailable | $115 | $82.61 | +97.1% | Apr 28, 2022 |
| Morgan Stanley | Analyst unavailable | $139 | $82.61 | +138.2% | Apr 28, 2022 |
| Citigroup | Analyst unavailable | $120 | $82.61 | +105.7% | Apr 28, 2022 |
| Piper Sandler | Christopher Donat | $140 | $82.61 | +139.9% | Apr 28, 2022 |
| Piper Sandler | Christopher Donat | $140 | $92.09 | +139.9% | Apr 28, 2022 |
| Wells Fargo | Jeff Cantwell | $115 | $92.09 | +97.1% | Apr 28, 2022 |
| SMBC Nikko | Andrew Bauch | $90 | $92.09 | +54.2% | Apr 28, 2022 |
| JMP Securities | David Scharf | $112 | $92.09 | +91.9% | Apr 28, 2022 |
| Loop Capital Markets | Hal Goetsch | $138 | $92.09 | +136.5% | Apr 28, 2022 |
| Oppenheimer | Dominick Gabriele | $118 | $92.09 | +102.2% | Apr 28, 2022 |
| Jefferies | Trevor Williams | $95 | $92.09 | +62.8% | Apr 28, 2022 |
| Credit Suisse | Timothy Chiodo | $100 | $92.09 | +71.4% | Apr 28, 2022 |
| Susquehanna | James Friedman | $115 | $92.09 | +97.1% | Apr 28, 2022 |
| SMBC Nikko | Andrew Bauch | $90 | $92.09 | +54.2% | Apr 28, 2022 |
| D.A. Davidson | Christopher Brendler | $144 | $82.61 | +146.8% | Apr 27, 2022 |
| Rosenblatt Securities | Sean Horgan | $180 | $82.61 | +208.5% | Apr 27, 2022 |
| Wolfe Research | Darrin Peller | $160 | $82.61 | +174.2% | Apr 27, 2022 |
| Mizuho Securities | Dan Dolev | $175 | $82.61 | +199.9% | Apr 27, 2022 |
| D.A. Davidson | Chris Brendler | $144 | $83.7 | +146.8% | Apr 26, 2022 |
| SMBC Nikko | Andrew Bauch | $105 | $86.03 | +79.9% | Apr 25, 2022 |
| RBC Capital | Daniel Perlin | $118 | $86.03 | +102.2% | Apr 24, 2022 |
| Credit Suisse | Timothy Chiodo | $155 | $86.03 | +165.6% | Apr 23, 2022 |
| Wells Fargo | Donald Fandetti | $152 | $102.31 | +160.5% | Apr 15, 2022 |
| Stephens | Charles Nabhan | $135 | $117.65 | +131.4% | Apr 5, 2022 |
| Robert W. Baird | Colin Sebastian | $175 | $116.67 | +199.9% | Apr 1, 2022 |
| Goldman Sachs | Michael Ng | $144 | $118.49 | +146.8% | Mar 30, 2022 |
| Deutsche Bank | Bryan Keane | $200 | $113.76 | +242.8% | Mar 25, 2022 |
| Bank of America Securities | Jason Kupferberg | $107 | $96.57 | +83.4% | Mar 12, 2022 |
| Morgan Stanley | James Faucette | $190 | $100.22 | +225.6% | Mar 9, 2022 |
| UBS | Rayna Kumar | $158 | $105.02 | +170.8% | Feb 24, 2022 |
| DZ BANK AG | Werner Eisenmann | $140 | $124.3 | +139.9% | Feb 3, 2022 |
| Barclays | Ramsey El Assal | $200 | $124.3 | +242.8% | Feb 3, 2022 |
| Bernstein | Harshita Rawat | $140 | $124.3 | +139.9% | Feb 3, 2022 |
| Loop Capital Markets | Hal Goetsch | $212 | $124.3 | +263.3% | Feb 3, 2022 |
| Berenberg Bank | Tammy Qiu | $190 | $132.57 | +225.6% | Feb 2, 2022 |
| SMBC Nikko | Andrew Bauch | $125 | $132.57 | +114.2% | Feb 2, 2022 |
| Oppenheimer | Dominick Gabriele | $190 | $132.57 | +225.6% | Feb 2, 2022 |
| Wedbush | Moshe Katri | $170 | $132.57 | +191.3% | Feb 2, 2022 |
| BMO Capital | James Fotheringham | $180 | $132.57 | +208.5% | Feb 2, 2022 |
| Truist Financial | Andrew Jeffrey | $130 | $132.57 | +122.8% | Feb 2, 2022 |
| Piper Sandler | Christopher Donat | $185 | $132.57 | +217.1% | Feb 2, 2022 |
| Oddo BHF | Martin Marandon-Carlhian | $200 | $132.57 | +242.8% | Feb 2, 2022 |
| Rosenblatt Securities | Sean Horgan | $216 | $132.57 | +270.2% | Feb 2, 2022 |
| Evercore ISI | David Togut | $245 | $132.57 | +319.9% | Feb 2, 2022 |
| KeyBanc | Josh Beck | $200 | $132.57 | +242.8% | Feb 2, 2022 |
| Credit Suisse | Timothy Chiodo | $190 | $132.57 | +225.6% | Feb 2, 2022 |
| Canaccord Genuity | Joseph Vafi | $215 | $132.57 | +268.5% | Feb 2, 2022 |
| Cowen & Co. | Georgios Mihalos | $147 | $132.57 | +151.9% | Feb 2, 2022 |
| Wolfe Research | Darrin Peller | $160 | $132.57 | +174.2% | Feb 2, 2022 |
| Atlantic Equities | Kunaal Malde | $180 | $132.57 | +208.5% | Feb 2, 2022 |
| Susquehanna | James Friedman | $220 | $132.57 | +277.0% | Feb 2, 2022 |
| Citigroup | Ashwin Shirvaikar | $235 | $156.98 | +302.7% | Jan 26, 2022 |
| Mizuho Securities | Dan Dolev | $200 | $158.2 | +242.8% | Jan 25, 2022 |
| Raymond James | John Davis | $229 | $178.42 | +292.5% | Jan 16, 2022 |
| BNP Paribas | Alexandre Faure | $200 | $182.95 | +242.8% | Jan 10, 2022 |
| Compass Point | Michael Del Grosso | $290 | $252.02 | +397.0% | May 6, 2021 |
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What changed
The prior quarter (Q4 FY2025) highlighted a branded checkout slowdown (only 1% TPV growth) and introduced Enrique Lores as incoming CEO with a focus on execution. This quarter marked Lores's first full quarter at the helm and brought concrete strategic moves: a formal reorganization into three business pillars, a $1.5 billion gross-run-rate cost-saving initiative over 2-3 years, the deployment of an AI transformation team, and the launch of PayPal Plus in the UK. The optimized checkout button reached approximately 45% adoption. TY USD stablecoin became the largest federally regulated stablecoin, expanded to 70 markets. Branded checkout showed improvement from the Q4 trough, though management did not quantify the specific recovery.
Guidance delta
Full-year 2026 guidance was reaffirmed despite macro headwinds, matching the maintained guidance sentiment from the prior quarter. The prior quarter had guided to flat to slightly declining transaction margin dollars and low-single-digit EPS growth for 2026, with approximately 3 points of headwind from targeted investments. This quarter's reaffirmation, combined with the $1.5B cost-saving program announcement, suggests management sees enough operating leverage to offset investment costs — but did not raise the outlook, indicating no material upgrade to the revenue or profit trajectory.
Key takeaways
- Q1 FY2026 beat consensus with EPS of $1.34 (est. $1.27) and revenue of $8.35B (est. $8.05B), driven by 11% spot TPV growth.
- New CEO Enrique Lores restructured PayPal into three business units: checkout, consumer financial services, and payment services.
- Announced a $1.5 billion gross-run-rate cost-saving program over 2-3 years, driven by AI adoption and organizational simplification.
- TY USD stablecoin became the largest federally regulated stablecoin and was expanded to 70 markets.
- Optimized checkout button reached approximately 45% adoption, up from the prior quarter's focus on improving checkout experience.
Management priorities
- Execute the three-business-unit reorganization to sharpen accountability and speed decision-making.
- Deploy the AI transformation team to redesign core processes and capture the targeted $1.5B in cost savings.
- Scale the optimized checkout button to full rollout from the current ~45% adoption level.
- Expand the PayPal Plus loyalty program beyond the UK to broader markets.
- Scale TY USD stablecoin availability across additional markets.
Related earnings events
Financial ServicesAXP · FY2026 Q2 · Calendar Q3 2026AXP Q2 2026: Platinum Card Drives 10% Revenue Growth, Full-Year Guidance RaisedAMP · FY2026 Q2 · Calendar Q3 2026Ameriprise Q2 2026: Revenue Up 13%, EPS Beats on Record AUM and AI-Driven ProductivityNDAQ · FY2026 Q2 · Calendar Q3 2026Nasdaq Q2: Revenue Up 15%, EPS Beats by 9%, Index AUM Crosses $1 Trillion
Sources
- Earnings call transcript and parsed analysis · 2026-05-11T10:29:34.698584+00:00
- FN2 earnings calendar · 2026-07-26T00:37:12.209961+00:00
- Polygon adjusted daily market bars · 2026-07-29T23:31:15.220519+00:00
- Financial Modeling Prep analyst price-target consensus and quote snapshot · 2026-07-29T23:31:15.218413+00:00
Methodology
Reported and consensus figures come from FN2's earnings event records. Market reaction and volume are calculated from daily adjusted bars around the event; abnormal move subtracts the SPY move over the same window.
Analyst target low, average, and high values are derived at request time from each named analyst's latest persisted FMP target. The current-price marker comes from FN2's persisted market snapshot. They are sell-side estimates, not an FN2 valuation or recommendation.
Transcript intelligence is a structured synthesis of the current and prior earnings-call analyses. Missing values stay missing and are never estimated.
By FN2 Research · Updated . For educational purposes only; not investment advice.