PayPal Q1 revenue rises 7% to $8.4 billion; GAAP EPS falls 6% to $1.21
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.
Key points
- 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.
The filing
Written by AI (Anthropic Claude, claude-haiku-5-5) on Nov 8, 2026, 1:42 AM ET, from the text of the filing and its press-release exhibits only. Written later: this filing was briefed after the fact, when past filings were added to the site, so the brief may be read with hindsight; the filing itself is the record of what was known on May 05, 2026.
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.