PayPal’s quarterly results outperformed expectations, with adjusted earnings per share and revenue coming in above forecasts. The company also provided strong guidance for the upcoming quarter and full year. Total payment volume fell slightly short of projections. The company introduced a $15 billion buyback plan, with $6 billion in 2025 repurchases. CEO Alex Chriss introduced Fastlane, a one-click checkout service designed to reduce cart abandonment and compete with Apple Pay and Shop Pay. PayPal also introduced PayPal Everywhere, which provides 5% cash back for mobile app debit card purchases. PayPal shares have climbed 43% over the past year.
