Form 10-Q · Quarterly report
PayPal 10-Q, filed Oct 27, 2026
- Filed
- CIK
- 0001633917
- Accession no.
- 0001633917-26-000088
Summary
PayPal reported third-quarter 2026 net revenues of $8.58 billion, up 2% from a year earlier, as net income fell 14% to $1.07 billion, and recorded $152 million in restructuring charges from a global workforce reduction under a strategic reorganization announced in April 2026. The company said the reorganization, which is meant to accelerate adoption of artificial intelligence and automation, is expected to deliver at least $1.5 billion in gross annualized run-rate savings over the next two to three years.
Key points
- Third-quarter 2026 operating income fell 8% to $1.40 billion and net income fell 14% to $1.07 billion, with diluted earnings per share of $1.25 versus $1.30 a year earlier.
- For the nine months ended September 30, 2026, net revenues rose 5% to $25.62 billion while net income fell 13% to $3.29 billion.
- Total payment volume grew 6% in the quarter and 9% over nine months, and about 42% of net revenues came from customers domiciled outside the United States.
- PayPal expects the third-quarter 2026 global workforce reduction to generate roughly $340 million in annualized employee-related cost savings.
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 AND ANALYSIS OF FINANCIAL CONDITION AND RESULTS OF OPERATIONS This Quarterly Report on Form 10-Q contains forward-looking statements within the meaning of Section 27A of the Securities Act of 1933 and Section 21E of the Securities Exchange Act of 1934, including statements that involve expectations, plans, or intentions (such as those relating to future business, future results of operations or financial condition, new or planned features or services, mergers or acquisitions, or management strategies). …
An excerpt of the text as filed with the SEC, cut for length.
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