PayPal Raises 2026 Profit Forecast Amid Turnaround Progress
PayPal has increased its profit forecast for 2026 as its multi-year turnaround gains momentum. The company plans significant cost savings through workforce cuts and operational efficiencies. Strong consumer spending supports payment volume growth despite economic challenges. PayPal also expects adjusted profits in the upcoming holiday quarter to surpass Wall Street estimates, focusing on sustainable profitability under new leadership.
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