On July 28, PayPal rose 3.5% in regular trading, trading at $58.08/share, with turnover of $323 million.

On the news front, PayPal reported Q2 adjusted EPS of $1.38, beating the analyst consensus estimate of $1.28 by approximately 7.8%. Revenue came in at $8.68 billion, exceeding the $8.47 billion estimate. Total payment volume reached $486.4 billion, also above market expectations. The company simultaneously raised its full-year Non-GAAP EPS guidance to $5.38, above the Street consensus of $5.31.

During the earnings call, CEO Enrique Lores expressed confidence in creating long-term shareholder value and stated the company remains open to evaluating opportunities that could deliver superior returns. The company is also making progress on a plan to achieve at least $1.5 billion in cost savings over the next two to three years. Notably, the Stripe-Advent $53 billion acquisition offer at $60.50/share remains unresolved, with PayPal's board having previously deemed it undervaluing the company's long-term potential.

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