PayPal beats profit targets, flags spending pull forward amid economic uncertainty

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PayPal beat Wall Street estimates for first-quarter earnings and stuck to its annual profit forecast on Tuesday, even at a time when US President Donald Trump’s tariffs have fueled economic uncertainty. Executives said PayPal was off to a good start in April, as consumer spending and the labor market proved to be resilient.

Chief Financial Officer Jamie Miller told analysts that U.S. consumer activity accelerated as tariff-related concerns pulled forward some spending, echoing comments from big banks.

Despite a strong start, PayPal maintained its…



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PayPal beats profit targets, flags spending pull forward amid economic uncertainty


PayPal beat Wall Street estimates for first-quarter earnings and stuck to its annual profit forecast on Tuesday, even at a time when US President Donald Trump’s tariffs have fueled economic uncertainty. Executives said PayPal was off to a good start in April, as consumer spending and the labor market proved to be resilient.

Chief Financial Officer Jamie Miller told analysts that U.S. consumer activity accelerated as tariff-related concerns pulled forward some spending, echoing comments from big banks.

Despite a strong start, PayPal maintained its…



Source link

Disclaimer

We strive to uphold the highest ethical standards in all of our reporting and coverage. We StartupNews.fyi want to be transparent with our readers about any potential conflicts of interest that may arise in our work. It’s possible that some of the investors we feature may have connections to other businesses, including competitors or companies we write about. However, we want to assure our readers that this will not have any impact on the integrity or impartiality of our reporting. We are committed to delivering accurate, unbiased news and information to our audience, and we will continue to uphold our ethics and principles in all of our work. Thank you for your trust and support.

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