StocksMedium•27 October 2026•
1 min read
PayPal Raises 2026 Profit Forecast and Targets $700 Million in Cost Savings
Key Facts
1PayPal raised its full-year adjusted profit forecast to approximately $5.60 per share.
2The company expects to achieve $700 million in gross run-rate cost savings by the end of 2026 through AI adoption and streamlining.
3PayPal shares fell 1.2% in premarket trading despite the raised guidance.
PayPal raised its full-year adjusted profit forecast to approximately $5.60 per share, The Economic Times reported. The company expects to achieve $700 million in gross run-rate cost savings by the end of 2026 through AI adoption and operational streamlining. Despite the upward revision in guidance, PayPal shares fell 1.2% in premarket trading.
The update follows a session where PYPL closed at $54.99 on October 26, 2026. The cost-cutting measures include eliminating more than 2,000 jobs and reducing managerial roles by over 25%, while the company's total payment volume grew 7% on a foreign exchange-neutral basis to $487.1 billion in the third quarter.