PayPal Revenue Growth Slows to 2% as 2026 Earnings Outlook Rises

PayPal’s third-quarter revenue growth slowed to 2%, its lowest pace this year, while the company raised its 2026 adjusted earnings outlook.

Sales totaled $8.58 billion, 2% above the year-earlier quarter. Adjusted earnings per share were $1.45, while adjusted net income was $1.25 billion, down 3% year over year.

The U.S. generated $5 billion in revenue, a 5% increase. Revenue outside the U.S. came to $3.58 billion, down 2% from a year earlier.

The total value of payments processed reached $487.1 billion, a 6% annual gain. PayPal handled 6.8 billion transactions, up 7%, while active accounts edged up 0.6% to 440 million. Transaction margin dollars, which measure revenue after payment costs and credit losses, increased 2% to $3.95 billion.

PayPal repurchased about 28 million shares for $1.5 billion during the quarter. Its weighted-average diluted share count, used in per-share calculations, was 858 million, down from 960 million. The lower share count helped adjusted EPS reach $1.45 even as adjusted net income declined.

The company raised its 2026 adjusted EPS forecast to about $5.60 per share from $5.38. It reaffirmed its 2026 GAAP EPS guidance at about $5.07 and projected fourth-quarter adjusted EPS of about $1.43.

PayPal declared a $0.14-per-share dividend, payable Dec. 24 to shareholders of record Dec. 4.