PayPal Q1 shows early signs of multi-product adoption, says BTIG

BTIG says PayPal’s (PYPL) Q1 gross profit ex-interest growth was well ahead of Street expectations and adjusted earnings beat guidance by 15%. The results point to early signs of PayPal pricing its offerings to value while driving multi-product adoption, the analyst tells investors in a research note. The fir says management reiterated its fiscal 2025 guidance to provide flexibility for a potential second half consumer slowdown. Management said April was off to a good start, but likely benefited from some spend pulled forward from tariff-related concerns. There is still a “decent amount of clean-up needed before we gain confidence in a FY27 growth acceleration,” contends BTIG.