PayPal Stock Surges on Strong Q3 Earnings and OpenAI Partnership
PayPal shares rallied sharply after reporting third-quarter results that exceeded analyst expectations. The payments giant posted adjusted earnings of $1.34 per share, surpassing the $1.20 consensus estimate, while revenue reached $8.4 billion against forecasts of $8.24 billion. Year-over-year growth metrics showed 12% EPS expansion and 7% revenue increase.
Total payment volume climbed 8% to $458.1 billion, demonstrating continued momentum in digital transactions. The market responded enthusiastically to both the financial performance and PayPal's strategic MOVE into AI-powered commerce through its newly announced collaboration with OpenAI.
Beginning next year, PayPal's payment infrastructure will integrate directly with ChatGPT, enabling transactional capabilities within the AI platform. This development positions PayPal at the intersection of two transformative trends: the digitization of finance and the rise of generative AI applications in commerce.