Form 10-Q · Quarterly report
PayPal 10-Q, filed Jul 28, 2026
- Filed
- CIK
- 0001633917
- Accession no.
- 0001633917-26-000082
Summary
PayPal reported second-quarter 2026 net revenues of $8.682 billion, up 5% year over year, and net income of $1.104 billion, down 12%, with operating income down 5% and operating margin at 16%. In April 2026, PayPal announced a strategic reorganization and business simplification program intended to accelerate AI and automation adoption, expected to deliver at least $1.5 billion in gross annualized run-rate savings over two to three years, with first-phase actions potentially generating about $400 million in run-rate gross savings and a transformation-related charge of $120 million to $140 million in the second half of 2026.
Key points
- PayPal reported second-quarter 2026 net revenues of $8.682 billion, up 5% year over year, and net income of $1.104 billion, down 12%.
- Operating income fell 5% to $1.427 billion, and operating margin declined to 16% from 18%.
- Total payment volume grew 10% in the second quarter, while operating expenses rose 7%, driven by transaction expense.
- For the six months ended June 30, 2026, net revenues rose 6% to $17.035 billion and net income fell 13% to $2.217 billion.
Written by an AI model from the filing text. It can be incomplete or wrong; the filing on SEC.gov is the record.
From the filing
ITEM 2: MANAGEMENT’S DISCUSSION Recent developments In April 2026, the Company announced a strategic reorganization of its business and executive leadership team intended to accelerate execution of its long-term growth priorities, simplify its operating structure, streamline decision-making, and drive innovation. This strategic reorganization and business simplification program, which will focus on realigning our operating structure and accelerating the adoption of artificial intelligence and automation across the company, is expected to deliver at least $1.5 billion in gross annualized run-rate savings over the next two to three years. …
An excerpt of the text as filed with the SEC, cut for length.
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