PayPal Holdings, Inc. (PYPL) Q2 2026 Earnings Call

Investor webinar replay

Replay transcript excerpt

Good morning and welcome to PayPal's second 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 second 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. Thank you, Steve. Good morning, everyone. I am encouraged by the progress we made over the past quarter. We moved quickly to simplify our organization, operate more efficiently, advance our strategies across our three businesses, and improve our cost structure. We are making steady, tangible progress in our transformation and the actions we are are positioning us to accelerate and diversify growth across the company while improving profitability and cash flow over time. In today's update, I will cover the highlights from the second quarter, our strategy across our three businesses, and progress on our cost savings and technology modernization initiatives. Let me begin with some highlights We delivered results that exceeded our expectations, reflecting disciplined execution across the business. Revenue increased 5% and transaction margin dollars grew 1%. Excluding interest on customer...