Overview
- PayPal will adopt OpenAI’s Agentic Commerce Protocol, becoming the first payments wallet in ChatGPT and enabling instant checkout while processing payments for merchants using Instant Checkout.
- Quarterly results topped forecasts, with revenue up 7% to $8.42 billion and adjusted EPS up 12% to $1.34.
- Total payment volume rose 8% to $458.1 billion as transaction margin dollars increased 6% to $3.87 billion and Venmo TPV grew 14%.
- Reported payment transactions fell 5% to 6.3 billion due to the exit of low‑margin Braintree volumes, though transactions increased when third‑party Braintree platforms were excluded.
- Shares climbed on the earnings and partnership news but remain about 14% lower for the year, and the move follows an earlier Alphabet tie-up on agentic commerce.