Enrique Lores leads PayPal to stronger-than-expected second-quarter results and raised full-year profit guidance.
PayPal reported second-quarter adjusted earnings of $1.38 per share, exceeding analyst expectations of $1.28. The company's revenue reached $8.68 billion, surpassing the consensus forecast of $8.47 billion. Following this strong performance, the company raised its full-year 2026 earnings guidance to $5.38 per share, improving on its previous outlook. Enrique Lores, CEO of PayPal, stated that the company's transformation plan is well underway and is executing with discipline to deliver durable, profitable growth. While total payment volume climbed 10% to $486.4 billion, adjusted operating margin narrowed to 17.4%. The company also reported 439 million active accounts, which saw a slight decline from the previous quarter. To drive future growth, PayPal plans to simplify its organization and reduce costs, aiming to generate at least $1.5 billion in gross run-rate savings over the next few years through operational optimization and the adoption of artificial intelligence.