PayPal misses on both top and bottom line, Issues Negative YoY guide, Shares -10%

\* Net revenue of $8.68 billion, missing estimates of $8.80 billion

\* Adjusted earnings per share (“EPS”) of $1.23, missing estimates of $1.28

\* Total Payment Volume (“TPV”) grew 9% year-over-year to $475.14 billion, beating estimates of $471.92 billion

\* Transaction margin dollars grew 3% year-over-year to $4.03 billion

\* Active accounts grew 1% year-over-year to 439 million

\* Q1 2026 guidance for adjusted EPS expects a mid-single digit decline

\* Fiscal Year 2026 guidance for adjusted EPS ranges from a low-single digit decline to slightly positive growth

\* Share repurchases of $1.50 billion in the fourth quarter and $6.00 billion over the trailing twelve months

\* Dividend of $0.14 per share, payable March 25, 2026

\* Management transition: Enrique Lores named President and CEO effective March 1, 2026; Jamie Miller to serve as interim CEO