PayPal revealed a $81 million loss in its crypto holdings for Q2 2026, marking a six-month trend of declining returns in this segment.
Meanwhile, the company's core payment services defied expectations. Revenue hit $8.68 billion, beating forecasts of $8.46 billion, and adjusted earnings per share came in at $1.38, well above the predicted $1.27.
Total payment volume soared to $486.45 billion, with Venmo leading the charge, contributing $93.81 billion to that figure. Despite the crypto losses, PayPal’s executives emphasized that these investments are isolated and don’t impact day-to-day operations.
Last quarter saw a $74 million crypto loss, so the latest figures continue the pattern of challenges from the blockchain side of PayPal’s portfolio.
As rumors swirl about PayPal potentially acquiring Stripe for $53 billion, the company’s solid payment metrics might give it use, even with the crypto drag weighing on overall earnings. Investors will watch closely to see if PayPal can maintain momentum amid shifting market forces.
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