PayPal — Oct 28, 2025 release

(NASDAQ: PYPL) today reported results for the third quarter ending September 30, 2025. “PayPal delivered another strong quarter and we are raising guidance, with broad-based profitable growth across branded experiences, PSP, and Venmo. We have returned the company to growth and are on pace for 6% to 7% transaction margin dollar growth in 2025 when excluding interest on customer balances. We are also building for an agentic future, partnering with leaders such as Google, OpenAI, and Perplexity. This is a stronger company today than we were two years ago. With differentiated competitive advantages, clear strategic direction and building execution momentum, we believe we are exceptionally well-placed to win into the future.” Alex Chriss President and CEO ————————————————————————————————————————————— 3Q'25 Financial Results • Net revenues increased 7% to $8.4 billion; 6% currency-neutral (“FXN”). • Transaction margin dollars 1 (“TM$”) increased 6% to $3.9 billion; TM$ excluding interest on customer balances 1,2 increased 7% to $3.6 billion. • GAAP operating income increased 9% to $1.5 billion; non-GAAP operating income increased 6% to $1.6 billion. • GAAP operating margin expanded 33 basis points to 18.1%; non-GAAP operating margin contracted 19 basis points to 18.6%. • GAAP EPS increased 32% to $1.30 3 ; non-GAAP EPS increased 12% to $1.34. 3Q'25 Operating Results • Total payment volume (“TPV”) increased 8% to $458.1 billion; 7% FXN. • Payment transactions decreased 5% to 6.3 billi