Venmo drove $93.8B in volume; PYUSD rolled out in 70 countries with 4% yield. PayPal raised full-year forecast to $5.38 per share as Stripe acquisition rumors swirl.
PayPal posted an $81 million net loss on its cryptocurrency investments in the second quarter, while its core payment services beat Wall Street forecasts. The loss came from strategic investments and crypto assets held on the balance sheet, the company said in its Q2 2026 earnings release. It follows a $74 million loss in the same segment during the first quarter, stretching the crypto-related hit to $155 million over six months.
The swings cut GAAP net income to $1.104 billion, or $0.07 per share. PayPal management said the crypto portfolio is isolated from operating expenses and does not affect the company's day-to-day cash flow. The company's core payment business, meanwhile, delivered strong growth. Venmo processed $93.81 billion in total transaction volume, driven by the expansion of debit cards within the app. The PYUSD stablecoin is now available in 70 countries and offers a 4% yield on balances, the company said.
PayPal raised its full-year earnings forecast to $5.38 per share and kept its capital expenditure plan at $1 billion. The results landed alongside reports that Stripe is preparing to acquire PayPal for $53 billion. The acquisition rumors have circulated for weeks, and the strong operating performance from core payments gives the company a stable base while the crypto segment remains volatile.
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