PayPal Q1 Profit Drops, Sees Weak Earnings In Q2; Backs FY26 Outlook - Update
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PayPal Holdings, Inc. reported a drop in Q1 profit despite a revenue increase, forecasting lower earnings for Q2 while maintaining its fiscal 2026 outlook. The company anticipates a mid-single digit decline in Q2 earnings per share from $1.29 last year and a high-single digit decline in adjusted earnings per share from $1.40. For FY26, a mid-single digit decline in earnings per share is expected. Q1 net income was $1.11 billion, down from $1.29 billion last year, with net revenue rising 7.2% to $8.35 billion.
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