Every material Form 8-K PayPal has filed with the SEC since April 07, 2025, read and summarized by AI: what happened, the key figures, whether it reads positive or negative for shareholders, and how big a deal it is (impact 1-5). Newest first; each brief links to its own page and to the filing on SEC.gov.
PayPal reported third-quarter 2026 net revenues of $8.6 billion, up 2% year over year, and non-GAAP EPS of $1.45, up 8%. GAAP EPS fell 4% to $1.25, and GAAP operating income fell 8% to $1.4 billion. The company raised its full-year 2026 non-GAAP guidance for transaction margin dollars and EPS, while reaffirming its GAAP EPS guidance of about $5.07.
Q3 2026 net revenues rose 2% to $8.6 billion; GAAP EPS fell 4% to $1.25 and non-GAAP EPS rose 8% to $1.45.
Full-year 2026 non-GAAP EPS guidance was raised to about $5.60 from about $5.38; GAAP EPS guidance was reaffirmed at about $5.07.
The company repurchased $1.5 billion of stock in the quarter and declared a $0.14 per share dividend payable December 24, 2026.
PayPal reported second-quarter 2026 net revenues of $8.7 billion, up 5%, while GAAP and non-GAAP earnings per share fell 3% and 1%, respectively. The company raised its full-year 2026 non-GAAP EPS guidance to about $5.38 and reaffirmed its GAAP EPS guidance, which means shareholders get a higher profit outlook alongside a quarter where profit declined.
Net revenues rose 5% to $8.7 billion; non-GAAP operating income fell 8% to $1.5 billion.
Non-GAAP EPS was $1.38, down 1% from $1.40; GAAP EPS was $1.25, down 3%.
Full-year 2026 non-GAAP EPS guidance raised to about $5.38 from the May range of a low-single-digit decline to slightly positive growth versus the prior year's $5.31.
Returned $1.5 billion to stockholders through buybacks of about 33 million shares in Q2; quarterly dividend of $0.14 per share payable September 25, 2026.
At its May 19, 2026 annual meeting, PayPal stockholders elected all 11 director nominees, approved a new 2026 Equity Incentive Award Plan, and rejected two stockholder proposals. The filing also reports that Diego Scotti, EVP and General Manager of the Consumer Group, will leave the company effective June 2, 2026, under a separation agreement.
Annual meeting held May 19, 2026; all 11 nominees elected to serve until the 2027 annual meeting.
2026 Equity Incentive Award Plan approved with 72.5% of votes cast, authorizing up to 39,100,000 new shares plus up to 44,600,000 shares returning from the 2015 plan.
Diego Scotti's departure takes effect June 2, 2026; separation agreement dated May 20, 2026 provides termination-without-cause severance benefits.
Stockholder proposals on conflict-zone services (11.2% for) and lowering the special meeting threshold (41.1% for) were not approved.
PayPal reported first quarter 2026 results on May 5, 2026, with net revenues up 7% to $8.4 billion while GAAP earnings per diluted share fell 6% to $1.21. The company guided second-quarter non-GAAP EPS to a high-single digit decline and reiterated its full-year 2026 guidance, and CEO Enrique Lores said the company is taking steps to sharpen its strategy and improve its cost structure. For shareholders, revenue growth is offset by lower GAAP profit and a near-term earnings decline outlook.
Net revenues rose 7% to $8.4 billion; GAAP EPS fell 6% to $1.21 and non-GAAP EPS rose 1% to $1.34.
GAAP operating income fell 3% to $1.5 billion, and GAAP operating margin contracted 182 basis points to 17.8%.
Second-quarter 2026 non-GAAP EPS is guided to a high-single digit decline; full-year 2026 guidance was reiterated.
The board declared a $0.14 per share dividend payable June 25, 2026, to holders of record on June 4, 2026; PayPal repurchased $1.5 billion of stock in the quarter.
PayPal announced on April 29, 2026 a strategic reorganization into three business units, along with leadership changes. EVPs Michelle Gill and Diego Scotti will leave the company, with Gill's departure effective June 2, 2026. The company said it will provide more details on the new operating model during its May 5 earnings call.
Effective June 2, 2026, Michelle Gill ceases to serve as EVP, General Manager, Small Business and Financial Services, and Diego Scotti ceases to serve as EVP, General Manager, Consumer Group.
Gill's separation and release agreement is dated April 27, 2026, and makes her eligible for severance under the Executive Change in Control and Severance Plan for a termination without cause.
The reorganization moves PayPal to a three-business model: Checkout Solutions & PayPal, Consumer Financial Services & Venmo, and Payment Services & Crypto.
Frank Keller was named President, Checkout Solutions & PayPal, and Alexis Sowa and Jeff Pomeroy were named interim leads of two of the new units.
On March 25, 2026, PayPal's board appointed Alyssa H. Henry, former Chief Executive Officer of Block Inc., as a director, increasing the board from 11 to 12 seats. Director Gail J. McGovern, who informed the company on March 20, 2026 that she will not stand for re-election, leaves the board when her term ends at the 2026 Annual Meeting, and the board will return to 11 directors at that point.
Henry's appointment is effective March 25, 2026, and she joins the Compensation Committee and Risk and Compliance Committee.
McGovern informed the company on March 20, 2026 that she will not seek re-election; the filing says her decision was not a result of any disagreement with the company.
The board will be reduced to 11 directors effective immediately before the 2026 Annual Meeting of Stockholders.
Ann Sarnoff will succeed McGovern as chair of the Corporate Governance and Nominating Committee after the Annual Meeting.
PayPal's board appointed Enrique Lores, former HP Inc. CEO and PayPal board chair, as President and CEO effective March 1, 2026, succeeding Alex Chriss, who resigned as CEO and director effective February 2, 2026. The company said the board's evaluation found that the pace of change and execution over the last two years was not in line with its expectations, and CFO and COO Jamie Miller will serve as interim CEO until Lores takes over.
Enrique Lores appointed President and CEO effective March 1, 2026; offer letter sets base salary at $1,450,000 and target bonus at 200% of base salary.
Lores receives make-whole RSUs with a grant date value of $20,000,000, 2026 annual RSUs and PSUs valued at $16,500,000 each, and one-time PSUs with a target value of $25,000,000.
Jamie Miller named Interim President and CEO effective immediately, with a cash retention award of $3,000,000 vesting 67% on February 2, 2027 and 33% on February 2, 2028.
David Dorman appointed independent Board Chair effective February 2, 2026, replacing Lores as Chair.
PayPal reported fourth-quarter and full-year 2025 results with revenue and earnings per share higher than a year earlier, and named Enrique Lores as its next President and CEO. The company's 2026 guidance calls for a mid-single digit decline in first-quarter non-GAAP EPS and a low-single digit decline to slightly positive full-year non-GAAP EPS, which matters to shareholders because it signals lower expected earnings in the year ahead.
Q4 2025 net revenues rose 4% to $8.7 billion; non-GAAP EPS rose 3% to $1.23, and GAAP EPS rose 38% to $1.53.
Full-year 2025 net revenues rose 4% to $33.2 billion, and non-GAAP EPS rose 14% to $5.31.
2026 guidance: first-quarter non-GAAP EPS expected to show a mid-single digit decline from $1.33; full-year non-GAAP EPS expected to show a low-single digit decline to slightly positive from $5.31.
The Board appointed Enrique Lores as next President and CEO; Jamie Miller is currently interim CEO. A quarterly dividend of $0.14 per share is payable March 25, 2026.
PayPal's European units agreed on November 11, 2025 to sell up to €65 billion of UK and European buy now, pay later loan receivables to Alps 2.0 Partners over a 28-month forward-flow commitment period, with closing expected in the fourth quarter of 2025. PayPal Holdings has agreed to guarantee the related payment obligations, and its November 17 press release says KKR-managed funds will buy the receivables and that the arrangement is already included in its 2025 guidance. The filing lists closing conditions and repurchase obligations, so the deal's final effect depends on those terms being met.
Agreements dated November 11, 2025 cover sales of up to €65 billion of UK and European BNPL loan receivables
Forward-flow arrangement runs over a 28-month commitment period, subject to extension if agreed
Closing is expected in Q4 2025 and depends on conditions, eligibility criteria and concentration limits
PayPal's November 17, 2025 press release says the deal is already included in its Q4 and full-year 2025 guidance announced October 28, 2025
PayPal Holdings established a commercial paper program on November 14, 2025, allowing it to issue short-term, unsecured notes with aggregate outstanding principal of up to $5.0 billion. The filing says proceeds are expected to be used for general corporate purposes and that no notes had been issued as of the filing date. The program adds a source of short-term borrowing capacity, backed by the company's revolving credit facility.
Program size: up to $5.0 billion of notes outstanding at any time, unless increased under the dealer agreements
Notes may mature in up to 397 days; no notes had been issued as of the filing date
Revolving credit facility expected to serve as liquidity backstop, with capacity at least equal to outstanding program borrowings
PayPal reported third-quarter 2025 net revenues of $8.4 billion, up 7% year over year, and GAAP diluted EPS of $1.30, up 32%. The company raised its full-year 2025 non-GAAP EPS guidance to $5.35-$5.39 and announced its first quarterly cash dividend of $0.14 per share, payable December 10, 2025, to holders of record on November 19, 2025.
Q3 2025 net revenues rose 7% to $8.4 billion; non-GAAP EPS rose 12% to $1.34.
Full-year 2025 non-GAAP EPS guidance raised to $5.35-$5.39; GAAP EPS guidance set at $5.11-$5.15.
Quarterly dividend of $0.14 per share, payable December 10, 2025, to holders of record on November 19, 2025.
Q3 share repurchases totaled $1.5 billion, about 21 million shares.
PayPal reported second-quarter 2025 results for the period ended June 30, 2025, with net revenues up 5% to $8.3 billion and non-GAAP earnings per diluted share up 18% to $1.40. The company raised its full-year 2025 non-GAAP EPS guidance to $5.15 to $5.30 from $4.95 to $5.10, which signals higher expected profit for shareholders.
Net revenues rose 5% to $8.3 billion; GAAP EPS rose 20% to $1.29 and non-GAAP EPS rose 18% to $1.40.
Full-year 2025 non-GAAP EPS guidance raised to $5.15 to $5.30, up from $4.95 to $5.10; GAAP EPS guidance raised to $4.90 to $5.05 from $4.80 to $4.95.
Returned $1.5 billion to stockholders through repurchases of about 22 million shares in the quarter; operating cash flow was $898 million, down 41%.
PayPal's board added Deirdre Stanley, former General Counsel of The Estée Lauder Companies, as a director effective June 24, 2025, expanding the board from 11 to 12 members. The board also replaced its Audit, Risk and Compliance Committee with an Audit and Finance Committee and a Risk and Compliance Committee, effective June 23, 2025. The filing contains no financial results or guidance.
Deirdre Stanley joined the board effective June 24, 2025, filling a seat created by expanding the board from 11 to 12 members
Stanley was appointed to the Corporate Governance and Nominating Committee and the Risk and Compliance Committee
The Audit, Risk and Compliance Committee was disbanded and replaced by an Audit and Finance Committee and a Risk and Compliance Committee, effective June 23, 2025
Carmine Di Sibio chairs the Audit and Finance Committee; David Moffett chairs the Risk and Compliance Committee
At its June 5, 2025 annual meeting, PayPal stockholders elected all 11 director nominees and approved an amended and restated 2015 Equity Incentive Award Plan that adds 15 million shares for issuance. Stockholders also approved the advisory pay vote for named executive officers and ratified PricewaterhouseCoopers LLP as auditor for 2025, while rejecting two stockholder proposals. The added share reserve could increase dilution for existing shareholders, and the equity plan received 33.8% votes against.
June 5, 2025 annual meeting: all 11 director nominees elected, each serving until the 2026 annual meeting.
Equity plan amendment adds 15 million shares; approved with 66.1% of votes cast for and 33.8% against.
Advisory executive pay vote approved with 90.0% for; PricewaterhouseCoopers LLP ratified with 91.8% for.
Stockholder proposals on charitable giving (97.9% against) and lowering the special meeting threshold (55.9% against) were not approved.
PayPal reported first-quarter 2025 results on April 29, 2025. Net revenues rose 1% to $7.8 billion, GAAP earnings per diluted share rose 56% to $1.29, and non-GAAP EPS rose 23% to $1.33. The company kept its full-year 2025 guidance, citing uncertainty in the global macro environment, so shareholders get higher profit on slightly higher revenue with no change to the outlook.
Net revenues rose 1% to $7.8 billion, or 2% currency-neutral.
GAAP EPS was $1.29, up 56% from $0.83; non-GAAP EPS was $1.33, up 23% from $1.08.
Full-year 2025 guidance was maintained: GAAP EPS of $4.80 to $4.95 and non-GAAP EPS of $4.95 to $5.10.
The company returned $1.5 billion to stockholders by repurchasing about 19 million shares in the quarter.
PayPal director Rodney Adkins informed the company on April 4, 2025, that he will not stand for re-election when his term expires at the 2025 Annual Meeting of Stockholders. The company said the decision was not the result of any disagreement, and the board will reduce its size to 11 directors effective immediately before that meeting.
Adkins has served as a PayPal director since September 2017 and sits on the Audit, Risk and Compliance Committee and the Corporate Governance and Nominating Committee.
Notice was given on April 4, 2025; the company announced it in a press release dated April 7, 2025.
Board size will fall to 11 directors effective immediately before the 2025 Annual Meeting of Stockholders.
Briefs are written by AI from the filing text (each brief's own page names the model) and can contain mistakes — open the filing before acting on anything. Impact (1-5) and tone are the model's reading of the filing for shareholders, not a price forecast. Not investment advice.
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