PayPal Reports Record Q2 Payment Volume Amid Stablecoin Expansion
PayPal's second-quarter payment volume reached $486.4 billion, up 10% from the same period last year.
The company reported net revenue of $8.68 billion and adjusted free cash flow of $1.83 billion, but GAAP net income fell 12% to $1.10 billion.
PayPal's CEO Enrique Lores said the company plans to launch more merchant products supported by PYUSD and agentic payments over time.