PayPal Q1 2026 Revenue Up 7% to $8.4B; Non-GAAP EPS $1.34
PayPal reported Q1 2026 net revenues of $8.4 billion, up 7% year-over-year (5% currency-neutral), beating the prior year period. GAAP EPS decreased 6% to $1.21 while non-GAAP EPS increased 1% to $1.34. The company reiterated full-year FY'26 guidance with non-GAAP EPS expected to range from low-single digit decline to slightly positive, maintaining the prior February 2026 outlook.
Guidance updates
Forward guidance
Key takeaways
Net revenues increased 7% year-over-year to $8.4 billion; 5% on currency-neutral basis
Non-GAAP EPS of $1.34 rose 1% year-over-year; GAAP EPS of $1.21 declined 6% due to strategic investment portfolio impact of approximately -$0.08
Operating margin contracted to 17.8% GAAP (down 182 bps) and 18.4% non-GAAP (down 229 bps)
Total payment volume increased 11% to $464 billion (8% currency-neutral)
Active accounts grew 1% to 439 million; payment transactions per account on trailing 12-month basis decreased 1% to 58.7
Cash flow from operations was $1.1 billion; free cash flow of $903 million; adjusted free cash flow of $1.7 billion up 25%
Returned $1.5 billion to stockholders via share repurchases (~34 million shares) in Q1
Key metrics
Primary source
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