PayPal has reported a net income of $1.44bn in the fourth quarter (Q4) of 2025, up 28% from $1.12bn in the same period of 2024.
Total Payment Volume for the quarter reached $475.1bn, representing 9% growth on a reported basis.
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Payment transactions in the quarter stood at 6.8 billion, an increase of 2% year‑on‑year, while active accounts edged up 1.1% to 439 million.
The US payments firm’s operating income rose to $1.51bn in Q4 2025 from $1.44bn a year earlier.
Net revenue for the quarter increased to $8.68bn, compared with $8.37bn in the prior‑year period.
For the full year to 31 December 2025, net revenue grew 4% to $33.2bn. Net income for 2025 totalled $5.2bn.
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By GlobalDataVenmo remained a key contributor, with annual revenue soaring 20% to $1.7bn.
In a statement, the company said: “In 2025, PayPal delivered solid performance across multiple areas of the business. We grew revenue, transaction margin dollars, and earnings per share, underscoring the strength of our increasingly diversified platform. At the same time, our execution has not been where it needs to be, particularly in branded checkout.”
The company projected a “mid-single digit decline” in GAAP earnings per share for both the first quarter of 2026 and the full 2026 financial year.
Besides, PayPal outlined changes in its top leadership, with CEO Alex Chriss stepping down.
The company pointed to concerns about the speed of progress under his tenure.
According to PayPal, “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”.
Enrique Lores, a PayPal board member for almost five years and board chair since July 2024, will assume the CEO role on 1 March 2026.
Lores joins the post after more than six years as president and CEO of HP.
During the transition period, Jamie Miller, chief financial and operating officer, will serve as interim CEO until Lores takes charge. David W. Dorman has been appointed independent board chair with immediate effect.
