🔹 Non‑GAAP EPS: $1.40 (Est. $1.30) 🟢; UP +18% YoY
🔹 Net Revenue: $8.29 B (Est. $8.09 B) 🟢; UP +5% YoY
🔹 TPV: $443.55 B (Est. $435.7 B) 🟢; UP +6% YoY
🔹 Venmo TPV: $81.98 B (Est. $79.56 B) 🟢; UP +12% YoY
Guidance
🔹 Q3 ’25 Adj. EPS: $1.18–$1.22 (Est. $1.21) 😐
🔹 FY ’25 Adj. EPS: $5.15–$5.30 (Est. $5.10) 🟢
🔹 FY ’25 Transaction Margin $: $15.35–$15.50 B
🔹 FY ’25 Free Cash Flow: $6–$7 B
Q2 Other Metrics
🔹 Transaction Margin Dollars: $3.84 B; UP +7% YoY
🔹 Active Accounts: 438 M; UP +2% YoY
CEO Commentary
🔸 “PayPal had a strong second quarter. We delivered another quarter of profitable growth, driven by continued strength across many of our strategic initiatives ranging from PayPal and Venmo branded experiences to PSP and value‑added services.”
🔸 “I’m proud of our team for leading the industry forward in shaping the future of commerce with innovations like agentic commerce, ads, stablecoins, and PayPal World, which will broaden the reach of our branded experiences globally.”
