PayPal press release (PYPL): Q4 Non-GAAP EPS of $1.23 misses by $0.06.
Revenue of $8.7B (+3.6% Y/Y) misses by $90M.
Transaction margin dollars (“TM$”) increased 3% to $4.0 billion; TM$ excluding interest on customer balances1,2 increased 4% to$3.7 billion.
4Q’25 total payment volume (“TPV”) increased 9% (6% FXN) to $475.1 billion; FY’25 TPV increased 7% (6% FXN) to $1.79trillion.
4Q’25 payment transactions increased 2% to 6.8 billion. Excluding payment service provider transactions5 (“PSP”), 4Q’25 payment transactions increased 6% to 4.3 billion; FY’25 payment transactions decreased 4% to 25.4 billion. FY’25 payment transactions exPSP increased 6% to 16.1 billion.
Payment transactions per active account (“TPA”) on a trailing 12-month basis decreased 5% to 57.7. TPA ex-PSP4 increased 5%.
Active accounts increased 1.1%, or by 4.7 million, to 439 million. In 4Q’25, active accounts increased sequentially by 0.3%, or by1.2 million.
Q1 EPS guidance of Mid-single digit decline from prior $1.33 vs $1.38 consensus
FY EPS guidance of Low-single digit decline from $5.31 to slightly positive vs $5.73 consensus
The Board’s appointment of Enrique Lores as PayPal’snext President and CEO reflects a clear commitment to strengthening execution, innovation, and results. We are fully aligned on thepath forward as PayPal enters its next chapter of growth.
