paypal earnings beat new ceo enrique lores drives $1.5 billion cost-cut plan amidst revenue surge

paypal earnings beat new ceo enrique lores drives $1.5 billion cost-cut plan amidst revenue surge

PayPal has kicked off 2026 with a robust financial performance, exceeding analyst expectations for both revenue and adjusted earnings per share in the first quarter. This positive momentum is amplified by a new, ambitious cost-cutting strategy spearheaded by the company’s new CEO, Enrique Lores.

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