PayPal Raises 2026 Profit Guidance, Q3 Adjusted EPS Beats Expectations

Odaily report: PayPal has raised its 2026 adjusted earnings per share guidance from $5.38 issued in July to approximately $5.60. Third-quarter adjusted earnings per share came in at $1.45, above the analysts' average estimate of $1.31. Transaction profit amounted to $3.95 billion, exceeding the expected $3.89 billion. Total payment volume grew 6.3% year-over-year to $487.1 billion. Revenue was $8.58 billion, missing expectations. In August this year, a consortium formed by private equity firm Advent and Stripe abandoned its acquisition of PayPal after previously offering more than $50 billion. PayPal's current market value is $47 billion. (Bloomberg)