Quarterly ResultMay 5, 2026, 07:08 AM
PayPal Q1 Revenue +7% to $8.4B; GAAP EPS $1.21; Declares $0.14 Dividend
AI Summary
PayPal Holdings, Inc. reported mixed financial results for the first quarter ended March 31, 2026. Net revenues increased 7% to $8.4 billion, while GAAP operating income decreased 3% to $1.5 billion and GAAP EPS fell 6% to $1.21. Non-GAAP EPS, however, saw a 1% increase to $1.34. The company also announced a cash dividend of $0.14 per share and reiterated its full-year 2026 guidance, which anticipates declines in GAAP and non-GAAP EPS.
Key Highlights
- Net revenues increased 7% to $8.4 billion (5% currency-neutral) in Q1 2026.
- GAAP operating income decreased 3% to $1.5 billion, with GAAP operating margin contracting 182 basis points to 17.8%.
- GAAP diluted EPS decreased 6% to $1.21, while non-GAAP diluted EPS increased 1% to $1.34.
- Total payment volume (TPV) grew 11% to $464.0 billion (8% currency-neutral).
- The Board declared a cash dividend of $0.14 per share, payable on June 25, 2026.
- PayPal repurchased approximately 34 million shares for $1.5 billion in Q1 2026.
- U.S. net revenues increased 9% to $4.882 billion, and International net revenues increased 4% to $3.471 billion.
- PayPal reiterated full-year 2026 guidance, projecting a mid-single digit decline in GAAP EPS.