PayPal Names New CEO as Outlook, Results Disappoint. The Stock Is Tumbling

Core Insights - PayPal's fourth-quarter results and outlook fell short of Wall Street expectations, leading to a significant drop in stock value, with shares down over 18% [1] - The company reported $8.68 billion in revenue for the fourth quarter and adjusted earnings per share of $1.23, both missing analyst projections [1] - PayPal's interim CEO highlighted weaknesses in branded checkout operations, attributing underperformance to challenges in US retail and international markets [1] Financial Performance - PayPal generated $8.68 billion in revenue in the fourth quarter [1] - Adjusted earnings per share were reported at $1.23, missing expectations [1] - The company anticipates adjusted profits to decline by mid-single digits in Q1 2026 and expects a low-single digit decline to slight rise for the full year [1] Leadership Changes - PayPal announced the appointment of Enrique Lores as the new CEO, effective March 1, following his six-year tenure at HP Inc. [1]