Short answer
PayPal (PYPL) filed its Q1 2026 10-Q quarterly report on May 5, 2026 for the quarter ended Mar 31, 2026. Quarterly revenue was $8.4B (up 7.2% year over year) with net income of $1.1B.
Q1 2026 key financials · XBRL
- Revenue
- $8.4B
- +7.2% YoY
- Net income
- $1.1B
- −13.5% YoY
- Operating margin
- 17.8%
- EPS (diluted)
- $1.21
- −6.2% YoY
Source: XBRL data from the PayPal (PYPL) Q1 2026 10-Q on SEC EDGAR. USD.
PayPal Q1 2026 10-Q analysis
AI summary of MD&A and risk factor updates
Management Discussion & Analysis
- Net revenues $8,353M, up 7% YoY from $7,791M, driven by TPV growth and partner institution revenue
- Operating margin 18% vs 20% YoY; operating income $1,488M vs $1,530M
- Braintree strongest product, revenue up approximately $410M; Venmo increased approximately $70M
- Operating cash flow $1,134M, down 2% from $1,160M YoY
- Strategic reorganization targeting at least $1.5B gross annualized savings over two to three years; macroeconomic and regulatory risks remain ahead
Risk Factors
- New cryptocurrency regulatory risk triggered by 2025 GENIUS Act designation as digital asset service provider
- Stablecoin compliance risk from evolving international requirements affecting PYUSD and its issuer
- Regulatory enforcement risk from overlapping global investigations, fines, license loss, and operational restrictions
- Fraud risk from AI-enabled payment abuse increasing transaction losses and customer-confidence pressure
- Liquidity risk from reduced customer balances, capital-market inaccessibility, and higher regulatory liquidity requirements
Generated from the filing text; verify against the original. 10-K vs 10-Q vs 8-K
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