PayPal reported robust Q3 2025 financial results with revenue increasing 7% to $8.4 billion and net income rising 24% to $1.25 billion. Total Payment Volume grew 8% to $458 billion, driven by growth in PayPal and Venmo products despite a decline in Braintree transactions. Operating margin remained stable at 18%.
Transaction expense increased 6% to $4.1 billion, while transaction and credit losses rose 37% to $483 million primarily due to increased fraud incidents. The company maintained strong customer engagement with 438 million active accounts, though payment transactions per active account decreased 6% to 57.6 compared to the prior year.
Management announced the initiation of a quarterly dividend program, declaring a $0.14 per share dividend payable in December 2025. During Q3, PayPal repurchased approximately 21.3 million shares for $1.5 billion as part of its ongoing capital return program. The company also completed a $1.5 billion debt offering in March 2025 to support strategic initiatives.
