（文章来源：每日经济新闻） 每经AI快讯，2月3日，Paypal跌幅扩大至19%，创自2022年2月以来最大盘中跌幅。 ...

分组1 - Paypal reported quarterly earnings of $1.23 per share, missing the Zacks Consensus Estimate of $1.29 per share, representing an earnings surprise of -4.36% [1] - The company posted revenues of $8.68 billion for the quarter, missing the Zacks Consensus Estimate by 1.07%, compared to year-ago revenues of $8.37 billion [2] - Over the last four quarters, Paypal has surpassed consensus EPS estimates three times and topped consensus revenue estimates two times [2] 分组2 - The stock has lost about 10.4% since the beginning of the year, while the S&P 500 has gained 1.9% [3] - The current consensus EPS estimate for the coming quarter is $1.39 on $8.28 billion in revenues, and for the current fiscal year, it is $5.75 on $34.98 billion in revenues [7] - The Zacks Industry Rank for Financial Transaction Services is currently in the bottom 33% of over 250 Zacks industries, indicating potential underperformance compared to the top 50% [8]

Core Insights - PayPal announced a CEO change, appointing Enrique Lores as the new president and CEO effective March 1, replacing Alex Chriss to accelerate execution in a competitive payments market [2][5] - The board appointed David W. Dorman as the independent board chair, indicating a need for improved pace of change and execution within the company [3] Leadership Transition - Enrique Lores has been on PayPal's board for nearly five years and previously served as president and CEO of HP, where he focused on diversifying services and enhancing operational efficiency [2][4] - Jamie Miller, the Chief Financial and Operating Officer, will act as interim CEO until Lores takes over [2] Strategic Initiatives - PayPal is focusing on new growth engines, including the launch of a Transaction Graph Insights & Measurement program to help brands measure campaign effectiveness using verified purchase data [5] - The company plans to acquire Cymbio to enhance agentic commerce tools, making merchant catalogs more discoverable on AI platforms [6] - PayPal expanded its partnership with Deutsche Bank to improve merchant settlement and related services across regions [6] - In September, PayPal sold approximately $7 billion in buy now, pay later loans to Blue Owl Capital to maintain a light balance sheet [6]

Core Insights - PayPal announced a CEO change, appointing Enrique Lores as the new president and CEO effective March 1, replacing Alex Chriss to accelerate execution in a competitive payments market [3][4] - The board appointed David W. Dorman as independent board chair, following a review that indicated progress but insufficient pace of change [4] Leadership Transition - Enrique Lores has been on PayPal's board for nearly five years and served as board chair since July 2024, bringing experience from his tenure as president and CEO of HP [3][5] - Jamie Miller, the Chief Financial and Operating Officer, will act as interim CEO until Lores takes over [3] Strategic Direction - The leadership change is aimed at guiding PayPal through its next phase of transformation, with a focus on new growth engines and partnerships [6] - Recent initiatives include the launch of a Transaction Graph Insights & Measurement program to help brands measure campaigns using verified purchase data [6] Acquisitions and Partnerships - PayPal plans to acquire Cymbio to enhance agentic commerce tools, making merchant catalogs more discoverable on AI platforms [7] - The company expanded its partnership with Deutsche Bank to improve merchant settlement and related services across regions [7] - In September, PayPal sold approximately $7 billion in buy now, pay later loans to Blue Owl Capital to maintain a light balance sheet [7]

智通财经APP获悉，周二，PayPal(PYPL.US)盘前暴跌超17%，料开盘股价势创近年新低，现报42.99美 元。消息面上，Paypal Q4营收86.8亿美元，同比增长4%，低于预期的88.01亿美元;调整后每股收益1.23 美元，同比增长3%，低于预期的1.28美元;同时PayPal任命惠普的Enrique Lores为新任CEO。 PayPal首席财务官表示，业绩结果尚未达到我们的预期或期望。零售商户组合面临压力，尤其是在低收 入和中等收入消费者群体中，需要采取更多措施来赢得关键商户的青睐，特别是在高销量购物期间。 ...

Core Viewpoint - PayPal's stock plummeted over 17% in pre-market trading, indicating a potential new low for the stock price, following disappointing Q4 earnings results and the appointment of a new CEO [1] Financial Performance - PayPal reported Q4 revenue of $8.68 billion, a 4% year-over-year increase, which fell short of the expected $8.801 billion [1] - Adjusted earnings per share were $1.23, reflecting a 3% year-over-year growth, but also below the anticipated $1.28 [1] Management Changes - Enrique Lores from HP has been appointed as the new CEO of PayPal [1] Market Challenges - The CFO indicated that the performance results did not meet expectations, highlighting pressure on the retail merchant portfolio, particularly among low and middle-income consumer groups [1] - The company needs to implement more strategies to attract key merchants, especially during high-volume shopping periods [1]

Core Insights - PayPal has appointed Enrique Lores as its new CEO and President, replacing Alex Chriss, due to the company's performance not meeting the Board's expectations amid market trends [1][3] - The appointment follows a disappointing fourth-quarter report where PayPal's revenue and profit fell short of expectations, attributed to decreased consumer spending and a challenging economic environment [3] - Lores, previously the President and CEO of HP, emphasized the need for accountability in delivering quarterly results alongside product innovation [4] Company Performance - PayPal reported lower-than-expected revenue and profit for the fourth quarter, surprising investors who anticipated growth [3] - The company has forecasted a decline in its full-year profit, which has negatively impacted its stock, leading to a 17.9% drop in premarket trading [3] Industry Context - The payments industry is undergoing rapid changes driven by new technologies, evolving regulations, and increased competition, with AI playing a significant role in reshaping commerce [5] - Lores expressed a commitment to leading PayPal in accelerating innovation and shaping the future of digital payments and commerce [5]

Core Viewpoint - PayPal is undergoing a leadership change with the appointment of Enrique Lores as CEO and President, following disappointing financial results and a need for improved execution in line with market expectations [2][4]. Group 1: Leadership Change - Enrique Lores, previously the chair of PayPal's board, will replace Alex Chriss as CEO and President [2]. - Jamie Miller, the current CFO and COO, will serve as interim CEO until Lores officially joins [3]. Group 2: Financial Performance - PayPal reported lower-than-expected revenue and profit for the fourth quarter, attributed to decreased consumer spending amid a cost of living crisis and a softening labor market [4]. - The company has forecasted a decline in full-year profit, which surprised investors who anticipated growth [4]. - Following the announcement, PayPal's shares fell approximately 17.9% in premarket trading [4]. Group 3: Strategic Focus - Lores emphasized the importance of product innovation and accountability in delivering quarterly results as part of his leadership approach [5]. - He acknowledged the rapid changes in the payments industry driven by new technologies, evolving regulations, and increased competition, expressing a commitment to lead PayPal in accelerating innovation in digital payments [6].

PayPal (NasdaqGS:PYPL) Q4 2025 Earnings call February 03, 2026 08:00 AM ET Company ParticipantsAndrew Schmidt - Managing Director and Head of FinTech ResearchDarrin Peller - Managing DirectorJamie Miller - Executive VP and CFOSteve Winoker - Chief Investor Relations OfficerTien-Tsin Huang - Managing DirectorConference Call ParticipantsDan Dolev - Senior Analyst of FinTech Equity ResearchHarshita Rawat - Senior Research AnalystJason Kupferberg - Senior Equity Research AnalystRamsey El-Assal - Managing Direct ...

PayPal (NasdaqGS:PYPL) Q4 2025 Earnings call February 03, 2026 08:00 AM ET Company ParticipantsJamie Miller - Executive VP and CFOSteve Winoker - Chief Investor Relations OfficerConference Call ParticipantsDan Dolev - Senior Analyst of FinTech Equity ResearchJason Kupferberg - Senior Equity Research AnalystOperatorGood morning, and welcome to PayPal's fourth quarter and full year 2025 earnings conference call. My name is Sarah, and I will be your conference operator today. As a reminder, this conference is ...