PayPal reported third-quarter 2026 results on Tuesday, October 27, with a profit beat and a sales miss.
Analysts had expected $1.31 per share. The gap was a 10.69% earnings surprise, Zacks said.
Net income was $1.07 billion, or $1.25 per share, down from $1.25 billion a year ago.
Sales rose from $8.42 billion a year ago, but analysts had expected $8.7 billion.
Total payment volume rose 6%, or 7% in constant currency, while deals rose 7%.
Transaction margin dollars rose 2% to $3.95 billion, helped by Venmo and Braintree.
The sales miss outweighed the profit beat in early trading, Reuters reported.
CEO Enrique Lores took over earlier in 2026 and says progress is on track.
PayPal cut more than 2,000 jobs and over 25% of manager roles, Reuters reported.
Wall Street had expected $5.38 per share for the full year, Reuters reported.
PayPal expects $1.43 per share, above the $1.35 analysts expected.
Read the full explainer, every key number in plain words, and what happens next.
Get the full breakdown, key numbers, and what happens next.
Read on Rive News