Overview
- PayPal will adopt OpenAI's Agentic Commerce Protocol so ChatGPT users can complete purchases with PayPal through Instant Checkout without leaving the chatbot.
- As part of the deal, PayPal will process payments for merchants using OpenAI's Instant Checkout and enable PayPal merchants to list and sell products directly within ChatGPT.
- The company reported third-quarter revenue of $8.42 billion, up 7%, and adjusted EPS of $1.34, up 12%, with TPV rising 8% to $458.1 billion and transaction margin dollars up 6% to $3.87 billion.
- Shares climbed after the earnings beat and partnership announcement, reflecting optimism about PayPal's role in emerging agentic commerce.
- Mizuho analyst Dan Dolev cited research suggesting agentic AI could lift e‑commerce spending by about 20%, underscoring the potential market opportunity for PayPal.