Revenue: As of FY2026 Q1, the actual value is USD 8.353 B, beating the estimate of USD 8.056 B.EPS: As of FY2026 Q1, the actual value is USD 1.21, missing the estimate of USD 1.2383.EBIT: As of FY2026 Q1, the actual value is USD 1.492 B.<h4>Consolidated Results Overview (Three Months Ended March 31, 2026 vs. 2025)</h4><h4>Segment Revenue</h4><ul><li>Net Revenues: Increased by 7% from $7,791 million in Q1 2025 to $8,353 million in Q1 2026 . This growth was primarily driven by an increase of approximately $410 million from Braintree, $140 million from PayPal, and $70 million from Venmo products and services, largely due to growth in Total Payment Volume (TPV) and the number of payment transactions . This was partially offset by a negative impact of approximately $120 million from hedging activities in Q1 2026 compared to gains in Q1 2025 . Approximately 42% of net revenues in Q1 2026 were from customers outside the U.S., compared to 43% in Q1 2025 .<ul><li>Transaction revenues: Increased to $7,501 million in Q1 2026 from $7,016 million in Q1 2025, representing a 7% increase .</li><li>Revenues from other value added services: Increased to $852 million in Q1 2026 from $775 million in Q1 2025, a 10% increase .</li></ul></li></ul><h4>Operational Metrics</h4><ul><li>Operating Expenses: Increased by 10% to $6,865 million in Q1 2026 from $6,261 million in Q1 2025, primarily due to an increase in transaction expense .<ul><li>Transaction expense: Increased to $4,165 million in Q1 2026 from $3,704 million in Q1 2025 .</li><li>Transaction and credit losses: Increased to $378 million in Q1 2026 from $371 million in Q1 2025 .</li><li>Customer support and operations: Increased to $446 million in Q1 2026 from $398 million in Q1 2025 .</li><li>Sales and marketing: Increased to $518 million in Q1 2026 from $488 million in Q1 2025 .</li><li>Technology and development: Increased to $793 million in Q1 2026 from $731 million in Q1 2025 .</li><li>General and administrative: Decreased to $491 million in Q1 2026 from $503 million in Q1 2025 .</li><li>Restructuring and other: Increased to $74 million in Q1 2026 from $66 million in Q1 2025 .</li></ul></li><li>Operating Income: Decreased by 3% to $1,488 million in Q1 2026 from $1,530 million in Q1 2025 .</li><li>Operating Margin: Declined to 18% in Q1 2026 from 20% in Q1 2025, reflecting the unfavorable impact of a higher transaction expense growth rate .</li><li>Net Income: Decreased by 14% to $1,113 million in Q1 2026 from $1,287 million in Q1 2025, due to lower operating income and a decrease in other income (expense), net .</li><li>Other Income (Expense), Net: Shifted to - $95 million in Q1 2026 from $73 million in Q1 2025, primarily due to net losses and impairments on strategic investments in Q1 2026 compared to net gains in Q1 2025 .</li></ul><h4>Cash Flow</h4><ul><li>Net Cash Provided by Operating Activities: Decreased by 2% to $1,134 million in Q1 2026 from $1,160 million in Q1 2025 .</li></ul><h4>Unique Metrics</h4><ul><li>Active Accounts: Increased by 1% to 439 million in Q1 2026 from 436 million in Q1 2025 .</li><li>Number of Payment Transactions: Increased by 7% to 6,475 million in Q1 2026 from 6,045 million in Q1 2025 .</li><li>Number of Payment Transactions per Active Account: Decreased by 1% to 58.7 in Q1 2026 from 59.4 in Q1 2025 .</li></ul><h4>Future Outlook and Strategy</h4>PayPal Holdings, Inc. announced a strategic reorganization on April 29, 2026, aimed at accelerating long-term growth, simplifying its operating structure, and driving innovation . This program focuses on realigning the operating structure and adopting Artificial Intelligence and automation, with an expectation to generate at least $1.5 billion in gross annualized run-rate savings over the next two to three years . Further details on the program’s structure and expected phasing of savings will be provided in future periods .

PYPL

- As of Q1 2026, PayPal Holdings, Inc. reported revenue of $8.353 billion, exceeding market expectations of $8.056 billion, while earnings per share were $1.21, falling short of the expected $1.2383.  
- Year-over-year, Q1 2026 showed a 7% revenue increase compared to Q1 2025, but net income decreased by 14% to $1.113 billion, with operational income also declining by 3%.  
- The company announced a strategic restructuring on April 29, 2026, aimed at achieving at least $1.5 billion in annual operational cost savings over the next two to three years.

Paypal | 10-Q: FY2026 Q1 Revenue Beats Estimate at USD 8.353 B