PayPal Q2 earnings beat estimates, raises FY guidance and announces $6B buyback

PayPal reported Q2 EPS of $1.38 and revenue of $8.68B, both exceeding analyst expectations, driven by strong payment volume growth. The company raised its FY adjusted EPS guidance to $5.38 and committed to $6B in share repurchases alongside a $1.5B cost-reduction program over the next three years.