PayPal (PYPL) investor relations material

Margin growth and business performance

• Achieved diversified margin growth, with Venmo monetization up 20% and processing margins re-accelerating.

• Initiated a dividend in October, reflecting confidence in free cash flow and a strong balance sheet.

• 2025 saw mid-teens EPS growth and 6% transaction margin dollar growth, driven by diversified sources.

• Buy now, pay later and small business segments contributed to profit diversification.

• Branded checkout growth decelerated in the second half of 2025, prompting a more targeted scaling approach.

Leadership transition and strategic focus

• New CEO Enrique brings faster decision-making, prioritization, and disciplined execution.

• Enrique's prior board experience and operational discipline are expected to drive structured execution.

• Focus for 2026 is on execution, breaking down priorities, and leveraging ongoing innovation.

Integrated platform and growth strategy

• Emphasis on PayPal Open, integrating services for merchants through a single access point.

• Organic growth prioritized, with cross-sell opportunities between processing, Venmo, and branded checkout.

• Each business line shows strong success and further growth potential, especially internationally.

• Strategy remains to operate as an integrated platform, maximizing value through combined assets.