The earnings call highlighted strong performance in key areas such as Venmo, BNPL, and the launch of new initiatives like PayPal World and Pay with Crypto, indicating significant growth potential. However, challenges from tariffs and increased transaction losses were noted as areas of concern.

Company Guidance -

Q3 2025

During PayPal's Second Quarter 2025 Earnings Call, the company provided guidance reflecting strong performance and strategic focus. Transaction margin dollars grew by 8%, excluding interest on customer balances, while non-GAAP earnings per share increased by 18% year-over-year. Total active accounts and monthly active accounts both rose by 2%, with transactions per active account growing by 4%. PayPal's branded experiences total payment volume (TPV) grew by 8% currency-neutral, with online branded checkout TPV increasing by 5%. The company's buy now, pay later (BNPL) volume surged more than 20%, and Venmo revenue grew by more than 20%, with a 12% increase in TPV. The guidance for the third quarter anticipates currency-neutral revenue growth at the lower end of mid-single digits, with TM dollars expected to grow by approximately 6% excluding interest. For the full year, transaction margin dollars are projected to grow between 6% to 7%, and non-GAAP earnings per share is estimated to rise by 11% to 14%.

Consistent Profitable Growth

PayPal reported its sixth consecutive quarter of profitable growth, with transaction margin dollars growing 8% year-over-year, excluding interest on customer balances. Non-GAAP earnings per share increased by 18% year-over-year.

Strong Venmo Performance

Venmo revenue grew by more than 20%, marking its highest revenue growth rate since 2023. Total Payment Volume (TPV) for Venmo increased 12%, the highest growth rate in 3 years.

Expansion of Buy Now, Pay Later (BNPL)

BNPL volume grew more than 20%, and monthly active accounts climbed 18%. Consumers using BNPL showed an average order value increase of more than 80% compared to standard branded checkout transactions.

Launch of PayPal World and Pay with Crypto

PayPal announced PayPal World, a platform enabling interoperability with major digital wallets, and Pay with Crypto, which could expand Total Addressable Market (TAM). The initiatives are expected to enhance branded checkout and payment flexibility.

Omnichannel Strategy and Debit Card Growth

Debit card TPV across PayPal and Venmo grew more than 60%, while monthly active accounts increased more than 65%.

PayPal Holdings (PYPL) Earnings, Revenues Date & History

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PYPL Earnings History

Report Date	Fiscal Quarter	Forecast / EPS	Last Year's EPS	EPS YoY Change	Slides	Play Transcript
Oct 28, 2025	2025 (Q3)	1.21 / -	1.2	―	―	―
Jul 29, 2025	2025 (Q2)	1.30 / 1.40	1.19	17.65% (+0.21)
Apr 29, 2025	2025 (Q1)	1.16 / 1.33	1.08	23.15% (+0.25)
Feb 04, 2025	2024 (Q4)	1.12 / 1.19	1.48	-19.59% (-0.29)
Oct 29, 2024	2024 (Q3)	1.07 / 1.20	1.3	-7.69% (-0.10)
Jul 30, 2024	2024 (Q2)	0.99 / 1.19	1.16	2.59% (+0.03)
Apr 30, 2024	2024 (Q1)	1.22 / 1.08	1.17	-7.69% (-0.09)
Feb 07, 2024	2023 (Q4)	1.36 / 1.48	1.24	19.35% (+0.24)
Nov 01, 2023	2023 (Q3)	1.23 / 1.30	1.08	20.37% (+0.22)
Aug 02, 2023	2023 (Q2)	1.17 / 1.16	0.93	24.73% (+0.23)

The table shows recent earnings report dates and whether the forecast was beat or missed. See the change in forecast and EPS from the previous year.

Beat

Missed

PYPL Earnings-Related Price Changes

Report Date	Price 1 Day Before	Price 1 Day After	Percentage Change
Jul 29, 2025	$78.22	$71.45	-8.66%
Apr 29, 2025	$64.93	$66.32	+2.14%
Feb 04, 2025	$89.51	$77.72	-13.17%
Oct 29, 2024	$83.59	$80.28	-3.96%

Earnings announcements can affect a stock’s price. This table shows the stock's price the day before and the day after recent earnings reports, including the percentage change.