PayPal Slides on 2026 Outlook as New HP CEO Takes the Helm

PayPal shares fell over 16% in pre-market trading after a Q4 earnings miss and a weak 2026 profit outlook. Adjusted EPS came in at $1.23 vs $1.29 expected, with revenue of $8.68B versus $8.80B expected. For FY26, the company guided to EPS of about $5.75, a touch above consensus ($5.73). Branded checkout growth slowed to 1% in Q4 amid softer U.S. consumer spending and competitive pressure. Enrique Lores, current HP CEO, will become PayPal’s president and CEO on March 1, with CFO/COO Jamie Miller as interim. TipRanks still labels PYPL as Hold with a target near $65.76, implying roughly 25% upside.