PayPal (PYPL) Earnings: Q3 2026 Results

The quarter ended September 30, 2026 and PayPal published the results on October 27, 2026. Revenue and diluted EPS are shown against Q3 2025, the same quarter a year earlier, which takes seasonal swings out of the comparison. PayPal reports EPS two ways: GAAP, under the accounting rules every US filer follows, and non-GAAP, which leaves out items the company considers outside its operating results. The release reconciles the two, and when they diverge, the reconciliation says why.

• PayPal reports its top line as net revenues, split into transaction revenues and revenues from other value added services.
• Q3 2026 GAAP results include $178 million of restructuring charges, most of them ($152 million) from a global workforce reduction tied to the reorganization PayPal announced in April 2026. Non-GAAP results exclude them.

Source: PayPal Q3 2026 results, October 27, 2026. Also in the Form 10-Q for the quarter ended September 30, 2026. Figures as reported; checked against the release on November 10, 2026.

How PayPal splits revenue in its own release, under its own labels, for Q3 2026 against Q3 2025. Indented lines are parts of the line above them.

• PayPal's Transaction revenues revenue was $7.7 billion in Q3 2026, up 3% from $7.5 billion in Q3 2025, 90% of total revenue.
• PayPal's Revenues from other value added services revenue was $873 million in Q3 2026, down 2% from $895 million in Q3 2025, 10% of total revenue.

Segment lines are the figures writers cite most often, because they show where the growth in a quarter came from. Companies redraw their segments from time to time and restate the prior year to match, so a year-ago figure here can differ from the one printed a year ago. When that has happened, the note above says so.

From the earnings release

PayPal gives EPS guidance in a table in its release: for Q4 2026, GAAP EPS of about $1.37 and non-GAAP EPS of about $1.43; for full-year 2026, GAAP EPS of about $5.07 and non-GAAP EPS of about $5.60, up from about $5.38 in July. It gives no revenue figure.

In its Q3 2026 release, PayPal said:

“Following another strong quarter, PayPal is raising full year non-GAAP TM$ and EPS guidance and reaffirming GAAP EPS guidance.”

“Estimated non-GAAP amounts for the three months ending December 31, 2026 reflect adjustments of approximately $70 million.”

Source: PayPal Q3 2026 release, Oct 27, 2026.

This is the company's own guidance as of Oct 27, 2026, quoted as given. Walnut does not make forecasts of its own. Analyst estimates for the coming quarters are on the PYPL forecast page.

Revenue and diluted EPS for the last 5 quarters. Each date links to that quarter's release.

GAAP net revenues and diluted EPS, each as first reported in that quarter's release.

We do not hold a confirmed date for PayPal's next report. Companies post the date on their investor relations site a few weeks ahead, usually with the time of the conference call.

Each quarter keeps its own page with the figures as reported, so a link to one stays pointed at the same numbers after the next report.

• Q3 2026 (this page), reported Oct 27, 2026

PayPal's net revenues were $8,584 million in Q3 2026, up 2% (1% currency-neutral). Transaction revenues, the fees charged on the total payment volume (TPV) PayPal processes, were $7,711 million, or 90% of the total. Revenues from other value added services, mainly interest earned on customer balances and interest and fees from its loan portfolios, were $873 million, down 2%. (PayPal Q3 2026 release, Oct 27, 2026; PayPal Form 10-Q, Q3 2026, Oct 27, 2026)

PayPal breaks the change in transaction revenues down by brand. Braintree added about $270 million and Venmo about $100 million, mostly from growth in TPV and payment transactions, and hedging gains added about $70 million. Revenue from PayPal-branded products and services fell about $240 million, which PayPal attributes to product and geographic mix, more co-marketing campaigns and incentives with large merchants (recorded as reductions to revenue) and lower foreign exchange fees. (PayPal Form 10-Q, Q3 2026, Oct 27, 2026)

PayPal's TPV rose 6% to $487,138 million and payment transactions 7% to 6.8 billion, while transaction revenues grew 3%; PayPal attributes the slower revenue growth mainly to product and geographic mix, merchant incentives and lower foreign exchange fees. Braintree also carries higher transaction expense rates than PayPal's other products, so a larger Braintree share raised transaction expense. (PayPal Q3 2026 release, Oct 27, 2026; PayPal Form 10-Q, Q3 2026, Oct 27, 2026)

Interest on customer balances, reported inside other value added services, fell to $289 million from $321 million, which PayPal puts down to lower interest rates on higher average cash and investment balances. (PayPal Q3 2026 release, Oct 27, 2026; PayPal Form 10-Q, Q3 2026, Oct 27, 2026)

By geography, U.S. net revenues were $5,002 million, up 5% and 58% of the total. International net revenues were $3,582 million, down 2%, or down 4% on a currency-neutral basis. (PayPal Q3 2026 release, Oct 27, 2026)

PayPal's GAAP diluted EPS fell 4% to $1.25 in Q3 2026, while non-GAAP EPS rose 8% to $1.45. The gap is mostly $178 million of restructuring charges and $33 million of amortization of acquired intangibles, which non-GAAP operating income excludes, along with gains and losses on strategic investments and crypto assets held for investment. PayPal's non-GAAP figures do not exclude stock-based compensation, which was $261 million in the quarter. (PayPal Q3 2026 release, Oct 27, 2026; PayPal Form 10-Q, Q3 2026, Oct 27, 2026)

PayPal's shares used in the diluted calculation fell to 858 million from 960 million a year earlier. PayPal repurchased about 28 million shares for $1.5 billion in the quarter and about 94 million for about $4.5 billion over nine months, with about $9.4 billion left on its February 2025 authorization. It also pays a dividend of $0.14 per share. (PayPal Q3 2026 release, Oct 27, 2026; PayPal Form 10-Q, Q3 2026, Oct 27, 2026)

The GAAP effective tax rate rose to 21.9% from 18.6%, which also weighed on GAAP net income of $1,073 million, down 14%. (PayPal Q3 2026 release, Oct 27, 2026)

Diluted EPS divides net income by the weighted average number of shares outstanding in the quarter, plus the shares that options and other equity awards could add. Buybacks shrink that count and lift EPS for the same profit; share issuance and stock awards enlarge it.

PayPal publishes EPS guidance in its release but no revenue figure. In October it guided Q4 2026 GAAP EPS of about $1.37 and non-GAAP EPS of about $1.43, and raised full-year 2026 non-GAAP EPS guidance to about $5.60 from about $5.38 in July, while reaffirming GAAP EPS guidance of about $5.07. It also raised its full-year guidance for transaction margin dollars, with the detail in its earnings presentation. (PayPal Q3 2026 release, Oct 27, 2026)

A consensus figure is the average of the models published by the analysts who cover PayPal, collected by a data provider and revised up to the day of the report. A quarter that lands above it says how expectations were set as much as how the business did, and the share price on the day also reflects the guidance and the lines no consensus covers.

The consensus figures on this page are Yahoo Finance's, as pulled on the date shown. Each comes with the number of analysts behind it; the smaller that number, the more one revised estimate can move the average.

The figures below are the ones PayPal's own release and filings put weight on for Q3 2026, with the latest reported value for each.

What the quarter means for a holding is a separate question from what it reported. The case for and against owning PYPL is on is PYPL a buy or a sell?, what analysts expect next is on the PYPL forecast, and what the company does is on the PayPal (PYPL) stock page.

Every number on this page can be traced to a document PayPal published. Checking one takes a couple of minutes, and it is worth doing before you quote a figure anywhere.

• The results release is the document linked in the source line above. Companies publish it on their investor relations site at the moment results go out, and it carries the headline tables: revenue, operating income, net income and EPS for the quarter and the year-ago quarter.
• The same release is filed with the SEC as Exhibit 99.1 to a Form 8-K under Item 2.02, usually on the day of the report. The SEC copy does not change after the fact, which makes it the safer thing to link when you cite a number.
• The quarterly report (Form 10-Q) follows within a few weeks and carries the full financial statements, the segment note and management's discussion of what changed. The fourth quarter is covered by the annual report (Form 10-K) instead.
• Restated comparisons are flagged in the notes on this page. When a company redraws its segments or changes how it adjusts EPS, it restates the year-ago column, so the year-ago figure in a new release can differ from the one printed a year ago. This page always uses the comparison in the newer release, because that is the like-for-like one.

A walk-through of every line in a release, with what each one tells you, is in how to read an earnings report.