PayPal Holdings, Inc. (PYPL) earnings on July 28, 2026

Before the market opens Q2 2026

More PayPal Holdings, Inc. earnings

Prior outlook: Pessimistic Outcome: Partial

The stock rose despite concerns about a rejected acquisition and competitive pressures, overcoming an early 3% drop to close up 4.01%. This suggested those worries were already reflected in the price.

PYPL price around the earnings

58.32

Change: +4.0%

2026-07-28, 20:00 UTC

Start of the measured window End of the measured window
54.42 55.88 57.33 58.79 56.07
Price series around the eventClosing price per minute from before the event to the end of the measured window.
July 28, 2026
  • Price: green if it ends above the starting price; red if it ends below
  • Start of the measured window
  • End of the measured window
  • Market open
  • Starting price
Price series around the event

Prior thesis

Prior outlook: Pessimistic Outcome: Partial

Thesis published
Results released

Acquisition rejected; +17% 14d rally exhausted; after a strong recent rise; analyst Hold; X Money competition threat.

Context analyzed before publication

Trend
Extreme rally on acquisition rumors, now rejected and exhausted; the price is significantly after a strong recent rise into earnings.

Analysts

Evidence

Analyst consensus
Hold
Consensus average (1-5)
2.81
Analysts covering the stock
33
Average price target
53.07
Lowest price target
32
Highest price target
147.39
Upside to price target
-5.3%
Quarterly earnings growth
-13.5%
Revenue growth
7.2%
Forward EPS
5.75
Trailing EPS
5.32
Analyst moves in the last 60 days
7
  • Strong buy: 2
  • Buy: 6
  • Hold: 32
  • Sell: 3
  • Strong sell: 0
Strong buy
2
Buy
6
Hold
32
Sell
3
Strong sell
0
  • July 24, 2026 · Truist Securities: Upgrades rating (Sell → Hold)
  • July 16, 2026 · Barclays: Upgrades rating (Underweight → Equal-Weight)
  • July 16, 2026 · Canaccord Genuity: Maintains rating (Hold → Hold)
  • July 15, 2026 · Macquarie: Maintains rating (Neutral → Neutral)
  • July 9, 2026 · Goldman Sachs: Maintains rating (Sell → Sell)
  • July 8, 2026 · Barclays: Initiates coverage (Overweight → Underweight)
  • June 30, 2026 · Piper Sandler: Maintains rating (Neutral → Neutral)

News and sentiment

Evidence

Sentiment
Sentiment
Constructive
Mention volume
Low
Normalized volume
33%
News
Sources (5)

Technicals

Evidence

Average true range (ATR)
3%
Distance to 52-week high
-27.7%
14-day change (14d)
+17.4%
30-day change (31d)
+26.4%
30-day relative strength
+29.7%
QQQ change (31d)
-3.3%
Nearest support
55.94
Nearest resistance
56.38
Volume accumulation ratio (14d / 46d)
1.54

Trends

Evidence

Average earnings surprise
+5.1%
  • May 5, 2026: actual EPS 1.34 vs estimate 1.27 (surprise +5.6%)
  • February 3, 2026: actual EPS 1.23 vs estimate 1.29 (surprise -4.4%)
  • October 28, 2025: actual EPS 1.34 vs estimate 1.21 (surprise +11.1%)
  • July 29, 2025: actual EPS 1.4 vs estimate 1.3 (surprise +8.0%)

Expected move

Implied move
+6.4%
Source
Options chain

Reactions over its last 20 earnings

Median move
8.6%
75th percentile move
11.7%
90th percentile move
13.9%
Up / down moves
8 / 12
Average up move
+5.8%
Average down move
-11.2%

Monitoring and close

What PayPal Holdings, Inc. reported

Status
Finished
Actual EPS1.38
EPS estimate1.28
EPS surprise+7.8%
Revenue$8,682 million
Revenue estimate$8,469 million
Revenue surprise+2.5%

PayPal beat Q2 earnings estimates and raised its 2026 profit forecast, but shares fell on margin pressure and takeover uncertainty, with CEO open to deals that create superior value.

Sources (50)

Pre-market second reading after the results

Verdict
Beat expectations

Heading into the open, the figures don't clearly confirm the prior scenario.

How the stock reacted

Outcome
Partial
Consolidated
+4.0%
Max favorable move (MFE)
3%
Max adverse move (MAE)
4.9%