Economic ChallengesManagement is cautious in its outlook for Q4, noting some incremental weakness in checkout basket size early in the quarter.
Economic EnvironmentA tougher macro environment and contra revenue dynamics are observed as PayPal invests to drive habituation and product attach, indicating more challenges ahead for acceleration.
Long-term HeadwindsCFO, Jamie Miller, indicated that headwinds may persist into 2026, potentially affecting medium-term targets.