---
schema_version: "secwatch.filing_event.v1"
accession: "0001633917-26-000021"
form_type: "8-K"
ticker: "PYPL"
cik: "0001633917"
company_name: "PayPal Holdings, Inc."
filed_at: "2026-02-03T23:59:59+00:00"
generated_at: "2026-05-16T05:20:30.664322+00:00"
event_type: "earnings"
sentiment: "neutral"
materiality_score: 0.85
calibrated_materiality_score: 0.85
confidence: "high"
source: SEC EDGAR
---

# PayPal Q4 2025 revenue $8.7B (+4%), GAAP EPS $1.53 (+38%); appoints Enrique Lores as CEO

## Summary
- Q4 2025 net revenue $8.7B, up 4% YoY; TPV $475.1B, up 9%.
- GAAP EPS $1.53 (+38%); non-GAAP EPS $1.23 (+3%). Full-year GAAP EPS $5.41 (+35%).
- Transaction margin dollars (excl. interest) up 4% to $3.7B in Q4.
- Board appoints Enrique Lores as next President and CEO, effective future date; interim CEO Jamie Miller cited execution issues in branded checkout.
- Active accounts 439M, up 1.1% YoY; TPA ex-PSP up 5%.

## SEC filing metadata
- accession: 0001633917-26-000021
- form_type: 8-K
- ticker: PYPL
- cik: 0001633917
- company_name: PayPal Holdings, Inc.
- filed_at: 2026-02-03T23:59:59+00:00
- event_type: earnings
- sentiment: neutral
- materiality_score: 0.85
- calibrated_materiality_score: 0.85
- confidence: high
- sec_items: 2.02, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1633917/000163391726000021/0001633917-26-000021-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1633917/000163391726000021/pypl-20260203.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001633917-26-000021
- JSON: https://secwatch.observer/filing/0001633917-26-000021.json
- Plain text: https://secwatch.observer/filing/0001633917-26-000021.txt

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.