The earnings call highlighted strong profitable growth, innovation, and strategic expansion in several areas, notably Venmo, BNPL, and omnichannel strategies. However, there were some challenges related to tariff impacts and increased transaction losses. Overall, the positive aspects of the company's performance and strategic direction outweigh the challenges.

Company Guidance -

Q3 2025

During PayPal's Second Quarter 2025 Earnings Conference Call, the company provided strong guidance, emphasizing continued profitable growth and transformation into a dynamic commerce platform. Key metrics included an 8% growth in transaction margin dollars, excluding interest on customer balances, and an 18% year-over-year increase in non-GAAP earnings per share. Total active and monthly active accounts grew by 2%, while transactions per active account, excluding PSP, rose by 4%. Branded experiences TPV saw an 8% currency-neutral growth, and Buy Now, Pay Later volumes increased by more than 20%. Venmo revenue grew over 20%, with TPV up 12%. PayPal also highlighted its strategic initiatives, including the rollout of PayPal World, increased adoption of Pay with Crypto, and the expansion of their omnichannel strategy, which saw debit card TPV growth of over 60%. The company expects transaction margin dollars to grow between 6% to 7% for the full year and raised its guidance for non-GAAP earnings per share to a range of $5.15 to $5.30, reflecting an 11% to 14% increase.

Profitable Growth and Strategic Transformation

PayPal reported its sixth consecutive quarter of profitable growth, with a non-GAAP earnings per share increase of 18% year-over-year. The company is successfully transforming from a payments company into a dynamic commerce platform.

Venmo's Impressive Performance

Venmo revenue grew by more than 20%, marking the highest revenue growth rate since 2023. Total Payment Volume (TPV) for Venmo grew 12%, and Pay with Venmo TPV was up more than 45% in the quarter.

Buy Now, Pay Later (BNPL) Growth

BNPL volume grew more than 20% in the second quarter, with monthly active accounts climbing 18%. Average order value for BNPL transactions is more than 80% higher than a standard branded checkout transaction.

Omnichannel Strategy Success

Debit card TPV across PayPal and Venmo grew more than 60%, and monthly active accounts grew more than 65%. The company launched a new physical card for PayPal Credit, enabling both online and in-store credit line access.

Expansion of PayPal World Platform

PayPal World aims to connect billions of users at scale with partnerships including major wallets like Mercado Pago, Tenpay Global, and UPI. This initiative will expand PayPal's reach to over 2 billion consumers worldwide.

Strong European Growth and Innovation

PayPal launched the first-ever contactless mobile NFC wallet on iOS and Android in Germany, with over 3 million enrollments. Venmo's college distribution deals enhanced brand visibility.

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.