CEO Replacement Amid Performance Slowdown: PayPal Unveils Quarterly Dividend

PayPal Holdings, Inc. (PYPL) reported on February 3 its fourth-quarter and full-year 2025 results, with net revenue rising 4% year-over-year to $33.2 billion (approximately ₩48 trillion). GAAP operating income, operating margin and total payment volume all improved. While continuing robust share repurchases and strong cash generation, the company issued conservative guidance for 2026, expecting GAAP EPS to contract in the mid-single-digit range and non-GAAP EPS to change by only low-single-digit percentages. The board approved a quarterly cash dividend of $0.14 per share (about ₩200), payable March 25, and announced the appointment of Enrique Lores as the next President and CEO to lead the next growth phase and boost execution.

In a separate release the same day, PayPal said Lores will formally assume the CEO role on March 1. Until then, CFO Jamie Miller will serve as acting CEO, and David W. Dorman will take over as independent board chair. The announcement noted that adjusted EPS and revenue missed market expectations, prompting a double-digit decline in pre-market trading, according to media reports.

PayPal is a leading global digital payments and fintech company, offering e-wallets, merchant services and peer-to-peer transfers in about 200 markets worldwide. The firm has benefited structurally from the expansion of e-commerce and the shift toward cashless payments, but the broader payments and fintech industry now faces growth slowdowns and profitability challenges amid intensifying competition from both big tech and other fintech players.