PayPal Stock Drops 10% Despite Earnings Beat in Q1 2026
PayPal reported revenue of $8.35 billion for the first quarter of 2026, a 7% increase year-over-year, and adjusted earnings per share rose 1%, exceeding Wall Street expectations. The results marked the first quarter under new CEO Alex Chriss. Despite the earnings beat, the stock fell 10% during the earnings call, reflecting investor concerns about forward guidance or other factors not detailed in the report.
Key facts
- Revenue rose 7% to $8.35 billion
- Adjusted EPS climbed 1%
- Results topped Wall Street estimates
- Stock fell 10% after the earnings call
- First quarter under new CEO Alex Chriss
Entities
Institutions
- PayPal
Sources
- Quartz —