PayPal expands stablecoin push as crypto assets factor into Q2 results — SkimNews
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- PayPal reported Q2 earnings of $1.26 per share, down from $1.30 a year earlier and below the $1.28 analyst estimate.
- PayPal posted Q2 revenue of $8.68 billion, up from $8.29 billion year-over-year and beating the $8.47 billion consensus.
- PayPal recorded an $81 million non-GAAP adjustment tied to gains and losses on strategic investments and crypto assets held for investment.
- PayPal said it excludes gains and losses from crypto-asset holdings from non-GAAP results because it does not actively trade them or rely on them to fund operations.
- PayPal told investors it is expanding into agentic payments, stablecoins, identity and biometric technologies, leveraging its payments network, risk infrastructure and trust capabilities.
- PayPal World platform facilitated roughly $200 million in total payment volume between Venmo and PayPal during the quarter.
Why it matters: PayPal beat the top line but missed on EPS, and the $81 million crypto-asset adjustment shows digital-asset exposure is now a recurring — and volatile — line item in its earnings. The company is choosing to absorb that volatility while staking its next growth bet on stablecoins and agentic payments, betting its payments network can anchor the emerging AI-driven commerce stack.
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