PayPal Holdings, Inc. Q2 2026 Earnings Recap

Shares rose 4.1% following an earnings report that showed better-than-expected execution, driven by revenue growth and margin improvement alongside raised full-year guidance.

Key Takeaways

• Revenue increased 5% year-over-year, supported by strong growth in Venmo, Credit, and Braintree.
• Transaction margin dollars (TM) grew 1%, or 3% excluding interest on customer balances, indicating modest margin improvement.
• Branded checkout total payment volume stabilized, increasing 2% on a currency-neutral basis, consistent with the prior quarter.
• Venmo and Braintree delivered mid-teens percentage growth in total payment volume, continuing positive momentum in key segments.
• Full-year guidance was raised for transaction margin dollars, non-GAAP EPS, and online branded checkout growth to the low single-digit range.