PayPal Q2 GAAP EPS drops 3% to $1.25; net revenues rise 5% to $8.7 billion

• PayPal 2Q 2026 net revenues rose 5% to $8.68 billion, while GAAP diluted EPS slipped 3% to $1.25.
• GAAP operating income fell 5% to $1.43 billion; operating margin narrowed 1.71 percentage points to 16.4%.
• Total payment volume increased 10% to $486.45 billion, while payment transactions climbed 8% to 6.8 billion.
• Free cash flow more than doubled to $1.78 billion, while cash flow from operations more than doubled to $1.98 billion.
• Management said branded checkout “has further stabilized” and highlighted momentum in Venmo and Braintree; FY 2026 non-GAAP EPS guidance was raised to about $5.38.

Disclaimer: This news brief was created by Public Technologies (PUBT) using generative artificial intelligence. While PUBT strives to provide accurate and timely information, this AI-generated content is for informational purposes only and should not be interpreted as financial, investment, or legal advice. PayPal Holdings Inc. published the original content used to generate this news brief on July 28, 2026, and is solely responsible for the information contained therein.