PayPal Holdings, Inc. (PYPL) Q1 2026 Earnings Call

Investor webinar replay

Replay transcript excerpt

Good morning and welcome to PayPal's first quarter 2026 earnings conference call. My name is Sarah and I will be your conference operator today. As a reminder, this conference is being recorded. I would now like to turn the program over to your host for today's conference, Steve Winokur, PayPal's Chief Investor Relations Officer. Please go ahead. Thanks, Sarah. Welcome to PayPal's first quarter 2026 earnings call. I'm joined by CEO Enrique Loris and Chief Financial and Operating Officer Jamie Miller. Our remarks today include forward-looking statements that involve risks and uncertainties. Actual results may differ materially from these statements. Our commentary is based on our best view of the world and our businesses as we see them today. As described in our earnings press release, SEC filings, and on our website, those elements may change as the world changes. Over to you, Enrique. Okay. Thank you Steve and thank you to everybody for joining us this morning. I'm stepping into this role at an important moment for Paypal. I appreciate the opportunity to serve as CEO and I'm confident we will accelerate the growth of the company while improving profitability and cash flow. That is why I'm here. At the same time, I'm also realistic that we need to make significant changes to improve the strategic and operational issues the company has faced. Today, I will share what I have observed since joining the company, how we are shaping our strategic direction and the actions we are taking to move forward with focus and discipline. During my time on the board, I developed a good understanding of PayPal's strengths. opportunities, and areas for improvement. Over the past two months, I have listened to and learned from our customers, our teams, and our investors. This has helped...