Filing Flows › PayPal Holdings (PYPL) › Q3 2026
PayPal Holdings (PYPL) Q3 2026 earnings results (third quarter 2026)
10-Q filed Oct 27, 2026
PayPal Holdings (PYPL) reported revenue of $8.6B for the third quarter 2026 (Q3 2026), +2% from a year earlier and -1% from the quarter before. Operating margin was 16.3%, net earnings $1.1B (12.5% of revenue).
PayPal Holdings, Q3 2026: revenue $8.6B (+2% year over year), operating margin 16.3%, net earnings $1.1B, operating cash flow $1.6B. The chart follows the revenue to costs, profit and cash.
| Q3 2026 | Amount | Q/Q | Y/Y |
|---|---|---|---|
| Revenue | $8.6B | -1% | +2% |
| Operating profit | $1.4B | -2% | -8% |
| Net earnings | $1.1B | -3% | -14% |
| Operating cash flow | $1.6B | -20% | -19% |
| Free cash flow | $1.4B | — | -17% |
What changed
Revenue was $8.6B in Q3 2026, up 2% year over year and down 1% from the previous quarter. Transaction revenues was the largest line at 90% of revenue. Transaction revenues added $0.19B year over year (up 3%), 113% of the total change. Revenues from other value added services declined 2%.
Operating profit was $1.4B, a 16.3% margin (down 1.7 points year over year). Operating profit fell $0.12B even though revenue rose $0.17B versus Q3 2025, so costs grew faster than sales. Total costs grew 4% against revenue growth of 2%. Net earnings were $1.1B, down 14% year over year. The effective tax rate was 21.9%.
Operating cash flow was $1.6B (down 19% year over year), 148% of net earnings. Non-cash charges added back $0.25B of depreciation and amortization and $0.23B of share-based compensation. After purchases of property and equipment ($0.16B), free cash flow as the company reports it was $1.4B.
Questions
What was PayPal Holdings' revenue in the third quarter 2026?
PayPal Holdings (PYPL) reported revenue of $8.6B for the third quarter 2026 (Q3 2026), +2% from a year earlier and -1% from the quarter before.
Was PayPal Holdings profitable in the third quarter 2026?
Operating profit was $1.4B (16.3% of revenue) and net earnings $1.1B.
Source: PayPal Holdings 10-Q on SEC EDGAR.