By Nate Wolf

PayPal Holdings expects growth in its key branded checkout service to slow in the fourth quarter, its financial chief said on Wednesday.

The stock dropped 2.9% to $61.11 after gaining to start the day. Shares are down 29% this year, dragged lower by years of sluggish revenue and earnings growth.

At a UBS investor conference, CFO Jamie Miller said the payments company's branded checkout service, which allows merchants to convert sales through PayPal, could grow "at least a couple of points slower" than it did in the third quarter.

Online-only branded checkout volume grew 5% in the third quarter from the year before. That figure was in line with previous quarters. Miller suggested suggest that number could drop to 3% or less.

PayPal is keeping its guidance for the fourth quarter despite the possible slowdown in branded checkout growth. The company has seen signs of strength in other areas, Miller said.

"If you look beyond just branded checkout, you see really nice growth across Venmo, across Buy Now, Pay Later, across our debit card offering, and across our processing business," Miller told investors. "And we've done that with a lot of operating discipline."

In midday trading, PayPal's rivals were up. Block, which owns competitor brands Cash App and Square, climbed 3.4%. Alphabet and Apple, which offer Google Pay and Apple Pay, respectively, were up 1.3% and 0.1%.

Write to Nate Wolf at nate.wolf@barrons.com

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December 03, 2025 12:08 ET (17:08 GMT)

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