- PAYPAL HOLDINGS-WI
- 03 February 2026 16:05:22
Source: Sharecast
Former board chair Enrique Lores was appointed as CEO from March 1, replacing Alex Chriss. “While some progress has been made in a number of areas over the last two years, the pace of change and execution was not in line with the board’s expectations.”
PayPal forecast expected earnings would decline by a mid-single-digit percentage in the current fiscal year from the $5.41 a share it reported in 2025. Wall Street analysts had pencilled in $5.60 a share.
Shares were trading 17% lower in premarket trading to their lowest level in almost nine years. They have declined from a peak of $300 amid increasing competition from the likes of Klarna.
Fourth-quarter profit was $1.44bn, or $1.53 a share, compared with $1.12bn, or $1.11 a share, a year earlier.
Reporting by Frank Prenesti for Sharecast.com