PayPal 2Q 2026 net revenues rose 5% to $8.68 billion, while GAAP diluted EPS slipped 3% to $1.25.
GAAP operating income fell 5% to $1.43 billion; operating margin narrowed 1.71 percentage points to 16.4%.
Total payment volume increased 10% to $486.45 billion, while payment transactions climbed 8% to 6.8 billion.
Free cash flow more than doubled to $1.78 billion, while cash flow from operations more than doubled to $1.98 billion.
Management commentary and outlook
Management said branded checkout “has further stabilized” and highlighted momentum in Venmo and Braintree; FY 2026 non-GAAP EPS guidance was raised to about $5.38.
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