PayPal Raises 2026 Profit Forecast
PayPal lifted its annual adjusted profit forecast after reporting strong third-quarter results. The payments giant cited expanding margins and disciplined cost cuts as key drivers behind its ongoing multi-year turnaround.
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PayPal Holdings Inc raised its annual adjusted profit forecast to about $5.60 per share on Tuesday morning, beating Wall Street estimates of $5.38. The upward revision follows years of restructuring aimed at reviving growth under CEO Enrique Lores amid intense competition from Apple Inc and Alphabet Inc-CL A and newer fintech rivals. The stronger guidance signals that management's turnaround strategy is gaining traction, easing investor concerns over slowing pandemic-era momentum.
