PayPal Posts Q2 Revenue of $8.68 Billion, Plans Broader Stablecoin and AI Payments Push
Summary
- PayPal said second-quarter revenue totaled $8.68 billion, topping both a year earlier and market estimates.
- PayPal said second-quarter earnings per share were $1.26, missing both a year earlier and market estimates.
- PayPal said it would expand its stablecoin business, AI agent payments, and digital identity and biometric authentication technology operations.
Forecast Trend Report by Period
PayPal plans to expand its stablecoin and artificial intelligence-driven payments businesses after reporting second-quarter revenue that beat market estimates.
Cointelegraph reported on July 28 that PayPal's second-quarter revenue rose to $8.68 billion from $8.29 billion a year earlier, topping the market consensus of $8.47 billion.
Earnings per share were $1.26, below both $1.30 a year earlier and the market estimate of $1.28.
PayPal recorded an $81 million non-GAAP adjustment related to gains and losses on crypto assets held for strategic and investment purposes. The company said it excludes those gains and losses from non-GAAP results because it does not actively trade the assets or use them as operating capital.
In its second-quarter investor materials, PayPal said it would expand AI agent payments, stablecoins, and digital identity and biometric authentication technologies using its payments network and risk-management system.
The company also said about $200 million in payments was processed between Venmo and PayPal through its global payments platform, PayPal World.
Minseung Kang
minriver@bloomingbit.ioBlockchain journalist | Writer of Trade Now & Altcoin Now, must-read content for investors.