PYPL Q3 2025 Earnings
Reported Oct 28, 2025 at 7:01 AM ET · SEC Source
Q3 25 EPS
$1.34
BEAT +11.25%
Est. $1.20
Q3 25 Revenue
$8.42B
BEAT +2.21%
Est. $8.23B
vs S&P Since Q3 25
-39.0%
TRAILING MARKET
PYPL -34.1% vs S&P +4.9%
Market Reaction
Did PYPL Beat Earnings? Q3 2025 Results
PayPal capped a strong third quarter of 2025 with results that cleared the bar on both top and bottom lines, sending shares sharply higher as investors welcomed signs that CEO Alex Chriss's turnaround narrative is gaining real traction. Non-GAAP EPS … Read more PayPal capped a strong third quarter of 2025 with results that cleared the bar on both top and bottom lines, sending shares sharply higher as investors welcomed signs that CEO Alex Chriss's turnaround narrative is gaining real traction. Non-GAAP EPS of $1.34 came in 11.25% ahead of the $1.20 consensus estimate, while revenue of $8.42 billion grew 7.3% year over year and topped expectations by 2.21%, driven by broad-based momentum across PayPal's branded checkout, PSP, and Venmo businesses. Transaction margin dollar growth remained on track for the company's 6% to 7% full-year target, and total payment volume climbed to $458.09 billion, up 8%. Perhaps as significant as the headline numbers, PayPal's board declared the company's first-ever quarterly cash dividend of $0.14 per share, a milestone underscoring confidence in sustained free cash flow generation of $1.72 billion in the quarter. Management raised full-year non-GAAP EPS guidance to $5.35 to $5.39 and guided Q4 non-GAAP EPS to $1.27 to $1.31, while flagging strategic partnerships with Google, OpenAI, and Perplexity as part of a longer-term push into AI-powered commerce.
Key Takeaways
- • Broad-based profitable growth across branded experiences, PSP, and Venmo
- • Total payment volume increased 8% to $458.1 billion
- • Transaction margin dollars grew 6% to $3.9 billion
- • Transaction margin dollars excluding interest on customer balances grew 7% to $3.6 billion
- • Payment transactions ex-PSP increased 7%
- • International net revenues grew 10% YoY
- • Other value added services revenue grew 15% YoY
- • GAAP EPS benefited from favorable swing in strategic investment portfolio impacts
PYPL YoY Financials
Q3 2025 vs Q3 2024, source: SEC Filings
PYPL Revenue by Segment
With YoY comparisons, source: SEC Filings
PYPL Revenue by Geography
With YoY comparisons, source: SEC Filings
“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.”
— Alex Chriss, Q3 2025 Earnings Press Release
PYPL Earnings Trends
PYPL vs Market 30 Day Price Reactions
30-day stock return vs benchmark after each earnings
PYPL EPS Trend
Earnings per share: estimate vs actual
PYPL Revenue Trend
Quarterly revenue: estimate vs actual
PYPL Quarterly Results
4 quarters of earnings data
| Quarter | EPS Est. | EPS Act. | Surprise | Revenue | Rev. Surprise |
|---|---|---|---|---|---|
| Q4 25 MISS FY | $1.29 | $1.23 | -4.65% | $8.68B | -1.16% |
| FY Full Year | $5.36 | $5.31 | -0.91% | $33.17B | -0.31% |
| Q3 25 BEAT | $1.20 | $1.34 | +11.25% | $8.42B | +2.21% |
| Q2 25 BEAT | $1.30 | $1.40 | +8.00% | $8.29B | +2.57% |
| Q1 25 BEAT | $1.16 | $1.33 | +14.53% | $7.79B | -0.64% |