Competitive RisksInvestors are also increasingly viewing agentic commerce as a potential risk to PayPal, particularly as they feel competitors like Stripe are positioning themselves better to capture that opportunity.
Investor SentimentInvestor sentiment has been overwhelmingly negative, as most still struggle to see a path to improving Branded growth amid competitive dynamics.
Service DisruptionA recent service disruption in Germany, while expected to have a minimal impact to volumes, is expected to have a 2 ppt impact to Txn Margin Dollar growth in the quarter.