PayPal Reports Slowest Quarterly Net Revenue Growth This Year, Raises Earnings Guidance
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PayPal said revenue rose 2% to $8.58 billion in the third quarter versus analysts' estimate of $8.71 billion.Adjusted earnings stood at $1.45 per share, compared with the Koyfin estimate of $1.31.PayPal also raised its 2026 adjusted earnings outlook to about $5.60 per share from about $5.38 per share, in line with analysts' estimates.Shares of PayPal Holdings (PYPL) dipped in morning on Tuesday after the payments firm upped its full-year profit outlook but reported its slowest quarterly net revenue growth of the year.PayPal said revenue rose 2% to $8.58 billion in the third quarter versus analysts' estimate of $8.71 billion, according to Koyfin.Adjusted earnings stood at $1.45 per share, compared with the Koyfin estimate of $1.31. The company reported that restructuring and other charges rose to $255 million from $69 million a year ago.The company said adjusted net income was down 3% to $1.25 billion. PayPal said it spent $1.5 billion to buy back about 28 million shares during the quarter. Over the past 12 months, it repurchased about 117 million shares for $6 billion. Diluted shares dropped to 858 million from 960 million a year earlier, as most of the adjusted earnings gain came from the smaller share count.PYPL retail sentiment on October 27 as of 9:30 a.m. ET | Source: StocktwitsPayPal stock was down over 3% in morning trade. On Stocktwits, it was one of the top trending...
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