PayPal Holdings, Inc. (PYPL), a financial technology company, on Tuesday reported higher net income in the fourth quarter of fiscal year 2026 compared with the previous year.
In the pre-market trading, PayPal is 16.57% lesser at $43.66 on the Nasdaq.
Fourth quarter, net income increased to $1.44 billion from $1.12 billion in the prior year.
Earnings per share were $1.53 versus $1.11 last year.
Adjusted net income declined to $1.16 billion from $1.21 billion in the previous year.
Adjusted earnings per share were $1.23 versus $1.19 last year.
On average, 35 analysts had expected the company to report $1.29 per share. Analysts' estimates typically exclude special items.
Operating income jumped to $1.51 billion from $1.44 billion in the prior year.
Net revenue increased to $8.68 billion from $8.37 billion in the previous year.
Further, the company expected the first quarter of fiscal year 2026 earnings per share and adjusted earnings per share to be at a mid-single digit decline.
For the full year 2026, earnings per share is expected to be at a mid-single digit decline and adjusted earnings per share to be at a low-single digit decline to slightly positive.
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Business News
June 19, 2026 16:46 ET Major central banks continued to dominate the economic news flow this week too, led by the Federal Reserve, as they announced their latest policy decisions. The Federal Reserve policy session was in focus as it was the first to be led by the new chief Kevin Warsh. In Europe, central banks of the U.K. and Switzerland announced their rate decisions. In Asia, the Bank of Japan drew attention for its policy moves, while data out of China threw some light on the state of the economy.