Analysts project PayPal will report fourth-quarter revenue of roughly $8.9 billion, representing year-over-year growth near 6%. While consensus EPS sits at about $1.27, focus is shifting to PayPal’s payment volume metrics. Management has signaled that total payment volumes should expand by 8% to 9% compared with the prior year, suggesting underlying consumer spending resilience and continued traction with merchant integrations. Investors will pay close attention to the company’s take-rate, which management expects to hold near its long-term target of 2.1%, as any deviation could signal pricing pressure or mix shifts toward lower-margin services.

PayPal’s active account base reached 432 million at the end of Q3, up 12 million sequentially. For Q4, guidance is expected to target near-term growth of 8 million to 10 million net new accounts, driven by product launches in wallet, buy-now-pay-later and cross-border remittances. Monthly active users on Venmo, which contributed approximately 40% of new account growth last quarter, are projected to exceed 90 million. Management will likely highlight engagement metrics such as peer-to-peer transfers averaging 22 transactions per user annually and dollar volumes per active account approaching $3,300 on an LTM basis.

PayPal ended Q3 with a cash balance of $12.8 billion and total debt of $6.7 billion, providing flexibility for share repurchases. During the first nine months of fiscal 2025, the company repurchased $2.5 billion of stock, representing roughly 3% of shares outstanding. Guidance for Q4 buybacks is expected at $600 million to $700 million, reflecting a push to offset dilution from equity awards. Additionally, the board recently authorized a 10% increase to the existing $10 billion repurchase program, underscoring commitment to return capital while maintaining an investment-grade balance sheet.