Accessibility StatementSkip Navigation NEW YORK, Dec. 2, 2025 /PRNewswire/ -- This year's Black Friday/Cyber Monday (BFCM) proved to be another record-breaking holiday shopping weekend, where consumer traffic and demand spiked, and the Adyen platform delivered, processing a total volume of $43 billion across the BFCM weekend (up 27% vs. last year), while maintaining an exceptional 99.9999% uptime. Transactions per minute on the Adyen platform reached a peak of 199,000 on Black Friday. Additional insights fr ...

Financial Data and Key Metrics Changes - PayPal is on pace for 6%-7% transaction margin dollar growth in 2025, a significant improvement from negative growth two years ago [3] - Non-GAAP earnings per share (EPS) increased by 12%, reflecting strong transaction margin performance [7] - Non-GAAP operating income grew by 6% to nearly $1.6 billion, with adjusted free cash flow at $2.3 billion for the quarter [29][30] Business Line Data and Key Metrics Changes - The branded experiences total payment volume (TPV) grew by 8% on a currency-neutral basis, with U.S. branded experiences TPV growth accelerating to 10% [10][31] - The Buy Now, Pay Later (BNPL) business sustained a 20% volume growth quarter-over-quarter, with expectations to process close to $40 billion in BNPL TPV in 2025 [4][17] - Venmo's TPV growth accelerated to 14%, with revenue expected to reach $1.7 billion this year, up more than 20% [21][22] Market Data and Key Metrics Changes - Total payment volume accelerated to 8% growth, reaching over $458 billion [30] - Monthly active accounts increased by 2% year-over-year to 227 million, with transactions per active account growing by 5% [30] - The enterprise payments business returned to volume growth, contributing to overall transaction margin dollar growth [4] Company Strategy and Development Direction - PayPal is focusing on profitable growth and expanding its addressable market beyond online payments through omnichannel initiatives [3][6] - The company is investing in high-impact growth initiatives, including BNPL and Venmo, while also returning value to shareholders through share buybacks and dividends [5][43] - The strategy includes enhancing branded checkout experiences and scaling omnichannel presence to meet consumer needs [10][14] Management's Comments on Operating Environment and Future Outlook - Management expressed confidence in the business's long-term growth potential, aiming for high single-digit transaction margin dollar growth and non-GAAP EPS growth in the teens [5][6] - The company is aware of macroeconomic challenges but remains focused on executing its strategy and driving growth through targeted investments [39][40] - Management highlighted the importance of adapting to changing consumer behaviors and preferences, particularly in the BNPL and Venmo segments [17][19] Other Important Information - PayPal announced the initiation of a dividend as part of its capital allocation strategy, targeting 70%-80% of free cash flow for capital return [5][38] - The company is expanding its BNPL offerings into new geographies and enhancing its product features to capture more market share [18][19] Q&A Session Summary Question: Has agentic commerce changed PayPal's strategic priorities? - Management clarified that agentic commerce is an evolution of their existing strategy, aiming to be available wherever consumers want to pay [46][47] Question: How should investors think about the overall path for branded checkout growth? - Management acknowledged macro-related deceleration but emphasized consistent mid-single-digit growth and confidence in their initiatives [55][56] Question: Can you provide insights on the Buy Now, Pay Later market share? - Management noted strong growth in BNPL, particularly in the U.S., and highlighted the importance of meeting customers' needs earlier in the purchasing process [62][63] Question: What is the growth trajectory for Venmo? - Management expressed excitement about Venmo's growth, highlighting strong user engagement and plans for new product offerings to enhance monetization [68][69]

Financial Data and Key Metrics Changes - PayPal is on pace for 6% to 7% growth in transaction margin dollars in 2025, a significant improvement from negative growth two years ago [3] - Non-GAAP earnings per share (EPS) increased by 12%, reflecting strong transaction margin performance [6] - Non-GAAP operating income grew by 6% to nearly $1.6 billion, with adjusted free cash flow at $2.3 billion for the quarter [28][29] Business Line Data and Key Metrics Changes - The branded experiences total payment volume (TPV) grew by 8% on a currency-neutral basis, with U.S. branded experiences TPV growth accelerating to 10% [10][31] - The Buy Now, Pay Later (BNPL) business sustained a volume growth of 20% quarter after quarter, with expectations to process close to $40 billion in BNPL TPV in 2025 [4][17] - Venmo's TPV growth accelerated to 14%, with revenue expected to reach $1.7 billion this year, up more than 20% [20][24] Market Data and Key Metrics Changes - Monthly active accounts grew by 2% year over year to 227 million, with transactions per active account growing by 5% [29][30] - The overall total payment volume accelerated to 8% growth, reaching over $458 billion [30] - Transaction revenue grew by 6% to $7.5 billion, while other value-added services revenue increased by 15% to $895 million [34] Company Strategy and Development Direction - PayPal is focusing on profitable growth and expanding its addressable market beyond online payments, with a clear strategy to enhance branded experiences and omnichannel presence [3][5] - The company is initiating a dividend as part of its capital allocation strategy, alongside ongoing share buybacks [5][38] - PayPal aims to leverage partnerships and innovations in agentic commerce to enhance its competitive position [26][49] Management's Comments on Operating Environment and Future Outlook - Management expressed confidence in the business's long-term growth potential, expecting high single-digit transaction margin dollar growth and non-GAAP EPS growth in the teens or better [5][6] - The company acknowledged challenges in the macroeconomic environment but remains focused on executing its strategic initiatives [32][39] - Management plans to increase investments in product attachment and habituation to drive future growth [40] Other Important Information - PayPal's strong foundation and differentiated competitive advantages position it well to capture a growing addressable market [5][43] - The company is actively managing its cost structure while reinvesting in key growth initiatives [36][37] Q&A Session Summary Question: Has agentic commerce changed PayPal's strategic priorities? - Management stated that agentic commerce is an evolution of their existing strategy, aiming to be available wherever consumers want to pay and merchants want to sell [48][49] Question: How should investors think about the overall path for branded checkout growth? - Management highlighted consistent mid-single-digit growth in branded checkout, with macro-related deceleration observed in September [56][58] Question: Can you provide insights on the Buy Now, Pay Later market share? - Management noted strong growth in BNPL, particularly in the U.S., and emphasized the importance of meeting customers' needs earlier in the purchasing process [62][64] Question: What is the growth trajectory for Venmo? - Management expressed excitement about Venmo's growth, highlighting increased active users and the potential for higher average revenue per account (ARPA) as new products are introduced [66][70]

🚨JUST IN: PayPal and Venmo launches "PayPal World", a global platform connecting major payment systems and digital wallets to ease cross-border payments in partnerships with Mercado Pago, UPI, and Tenpay. https://t.co/16YUwa0VZW ...