โ
๐ ๐๐๐ฌ๐ฎ๐ฅ๐ญ๐ฌ
โข Adj. EPS: $1.45 (Est. $1.31) โ , +8% YoY.
โข Revenue: $8.58B (Est. $8.71B) โ, +2% YoY.
โข GAAP EPS: $1.25, -4% YoY.
โข Total Payment Volume: $487.1B, +6% YoY.
โข Transaction Margin Dollars: $3.95B, +2% YoY.
โข Adj. Operating Income: $1.61B, +3% YoY.
โข Adj. Operating Margin: 18.8%, +16 bps YoY.
โข Active Accounts: 440M, +0.6% YoY.
โข Free Cash Flow: $1.43B, -17% YoY.
โข Adj. Free Cash Flow: $2.05B, -10% YoY.
โ
๐ฏ ๐๐ฎ๐ข๐๐๐ง๐๐
โข Q4 2026 Adj. EPS: ~$1.43 (Est. $1.35) โ .
โข Q4 2026 GAAP EPS: ~$1.37.
โข FY2026 Adj. EPS: ~$5.60 (Est. $5.39) โ , raised from ~$5.38.
โข FY2026 GAAP EPS: ~$5.07, reaffirmed.
โข FY2026 Transaction Margin Dollars: Guidance raised.
โ
๐ ๐๐๐ฒ ๐๐๐ค๐๐๐ฐ๐๐ฒ๐ฌ
โข Q3 Adj. EPS beat consensus by ~10.7%, while revenue missed estimates by ~1.4%.
โข Total payment volume grew 6% to $487.1B, with payment transactions rising 7% to 6.8B.
โข Transaction margin dollars increased 2% to $3.95B, or 3% excluding interest on customer balances.
โข Active accounts reached 440M, up just 0.6% YoY, while transactions per active account increased 6%.
โข Adjusted operating margin expanded 16 bps to 18.8%, despite GAAP margin contracting 173 bps.
โข FY2026 adjusted EPS guidance increased ~4.1% to $5.60, approximately 3.9% above consensus.
โข PayPal repurchased $1.5B in shares during Q3 and declared a quarterly dividend of $0.14 per share.
โข Adjusted free cash flow declined 10% YoY to $2.05B.
โ
๐ฌ ๐๐๐ง๐๐ ๐๐ฆ๐๐ง๐ญ ๐๐จ๐ฆ๐ฆ๐๐ง๐ญ๐๐ซ๐ฒ
โWe are beginning to see our strategy translate into our financial results, with strong contributions from our key growth areas and increasing diversification.โ