PayPal Q2 revenue rises to $8.68 billion as turnaround gains traction
Payments company beat Q2 estimates as revenue rose 5% and payment volume increased 10%, highlighted Venmo expansion, raised its full-year profit outlook, and remains under a $60.50-a-share takeover approach from Stripe and Advent International.
PayPal reported better-than-expected second-quarter 2026 results, with adjusted earnings per share of $1.38 for the quarter ended June 30, above the $1.28 consensus estimate, as revenue rose 5% to $8.682 billion and total payment volume increased 10% to $486.4 billion. The company said Venmo service expansion helped drive payment activity, highlighted strong free cash flow, repurchased $1.5 billion of shares during the quarter, and said it plans $6 billion in stock buybacks. PayPal also raised its full-year non-GAAP earnings outlook. The results come as the company weighs a joint takeover proposal from Stripe and Advent International to acquire PayPal for $60.50 per share in cash, valuing it at more than $53 billion. Separately, PayPal is continuing to expand PYUSD, its dollar-pegged stablecoin, which had reached roughly 70 markets as of March 2026 and added a Polygon integration in July 2026.
- PYUSD stablecoin: PayPal's dollar-pegged digital token designed for payments and transfers across supported crypto networks.
- total payment volume: Total value of payments processed.
- free cash flow: Cash left after operating and capital expenses.