PayPal (PYPL) reported Q2 non-GAAP earnings Tuesday of $1.38 per diluted share, down from $1.40 a year earlier.

Analysts surveyed by FactSet expected $1.28.

Net revenue for the quarter ended June 30 was $8.68 billion, compared with $8.29 billion a year earlier.

Analysts surveyed by FactSet expected $8.47 billion.

For Q3, the company said it expects to post a roughly low-single digit decline in non-GAAP EPS from $1.34 a year earlier. Analysts surveyed by FactSet expect $1.33.

For 2026, the company expects its non-GAAP EPS to be about $5.38. Analysts surveyed by FactSet expect $5.31.