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PayPal lifts 2025 profit forecast above estimates

PayPal raised its full-year profit forecast above Wall Street estimates today, as the digital payments giant's push to revive growth in high-margin businesses such as Venmo and US checkout begins to pay off.

Business • 29 Jul

PayPal executives and Enterprise Minister picyured at jobs announcement

PayPal to create 100 jobs at new AI and fraud centre

Payments company PayPal has announced the creation of 100 data science roles at its Dublin office.

Dublin • 24 Jul

Almost 80% saying they'd prefer to spend quality time with family and friends rather than buying them gifts.

Half of consumers want to give cash over Christmas gifts

Almost half of Irish consumers would prefer to send money to friends and family to avoid buying Christmas gifts, new research shows.

Business • 11 Dec 24

PayPal said its third-quarter revenue jumped 6% to $7.85 billion but missing estimates of $7.89 billion

PayPal forecasts Q4 revenue below estimates

PayPal has today forecast fourth-quarter revenue below estimates as the digital payments company shifts its focus to higher-margin businesses from aggressive expansion, sending its shares down 6.6% before the market open.

Business • 29 Oct 24

PayPal announced plans to slash about 2,500 jobs, or 9% of its global workforce, in January

PayPal lifts 2024 profit forecast for a second time

PayPal has today raised its forecast for full-year adjusted profit for the second time, betting on resilient consumer spending in the back-to-school and upcoming holiday shopping seasons, while cost-cutting measures improved margins.

Business • 30 Jul 24

96% of SMES have seen an increase in online sales over the past 12 months, a new survey from PayPal shows

96% of SMEs see increase in online sales - PayPal

Irish small and medium-sized enterprises that sell online appear are seeing a growth period, with 96% seeing an increase in online sales over the past 12 months, a new survey shows.

Business • 04 Jul 24

Payments firm PayPal currently employs around 1,600 people in Ireland

PayPal to cut a further 85 Irish-based jobs

Payments company PayPal has announced plans to cut a further 85 Irish-based jobs.

Business • 18 Jun 24

Jonas Breding, General Manager for PayPal Northern Europe

PayPal launches new payments solution for Irish SMEs

Online payments company PayPal is today launching PayPal Complete Payments for small and medium enterprises in Ireland.

Business • 30 May 24

25% of gamers in Ireland earn money through gaming

25% of gamers in Ireland earned money through gaming last year, new figures show.

Business • 21 Mar 24

PayPal last week announced plans to cut about 2,500 jobs, or 9% of its global workforce, as it streamlines its operations

PayPal sees flat profit in 'transition year,' shares fall

PayPal's forecast of flat growth in adjusted profit for the current year overshadowed its market-beating earnings report, sending shares of the payments giant down 7% in extended trading.

Business • 08 Feb 24

It had been reported that PayPal are to cut 2,500 jobs globally

More than 200 Irish-based jobs at PayPal under threat

Payments firm PayPal has proposed cutting up to 205 Irish-based jobs.

Ireland • 01 Feb 24

Out of the shoppers who create a budget, 36% allocate spending per person they need to buy for.

71% of people create a Christmas budget, most overspend

71% of people create a budget for the Christmas period, new research shows.

Business • 13 Dec 23

Maeve Dorman, Senior Vice President with PayPal Ireland

PayPal survey shows booming second-hand economy

A new report has found that as the cost-of-living continues to climb, the second-hand economy is experiencing a surge here.

Business • 27 Sep 23

The change of guard marks a watershed moment for digital payments giant PayPal

PayPal appoints Intuit executive as new CEO

PayPal Holdings said today that Alex Chriss, a top executive at tax-preparation software firm Intuit, would replace its longest-serving chief executive officer Dan Schulman on September 27.

Business • 14 Aug 23

PayPal says the most popular international destination for holidays this year was Spain

79% of people make daily cutbacks to prioritise travel

85% of Irish consumers either have or are planning to book a holiday this year and 29% are set to go on more than two holidays, the latest PayPal Travel Check-in report shows.

Business • 05 Jul 23

Kaseya makes IT management and security software for managed service providers and mid-market enterprises

Kaseya to grow employment at Dundalk site to 1,000

IT management and security software developer, Kaseya, has doubled the number of people it is aiming to employ in Dundalk over the next two years to 1,000.

Business • 28 Mar 23

The redundancies at PayPal's Dundalk office represent about 3% of its Irish workforce

62 Irish redundancies as PayPal to close Dundalk office

PayPal is to close its Dundalk office on 31 March and make 62 staff redundant in Dundalk and Dublin.

Business • 01 Mar 23

Last week, PayPal said it will lay off 7% of its workforce, or about 2,000 employees

PayPal's spending warning dampens upbeat forecast

PayPal Holdings has today forecast full-year profit above Wall Street estimates but warned of pressure on discretionary spending, and said chief executive Dan Schulman will retire at the end of 2023.

Business • 10 Feb 23

PayPal posted a lower adjusted profit of $1.08 per share for the three months from July to September

PayPal's revenue growth forecast cut hits shares

Online payments firm PayPal Holdings cut its annual revenue growth forecast in anticipation of a broader economic downturn and said it did not expect much growth in its US e-commerce business in the final quarter of 2022.

Business • 04 Nov 22

PayPal's Thrills & Bills study reveals that 66% of Irish people are planning to cut back on going out and eating out

People making life style changes to save money - PayPal

A new survey shows that 59% of people here are extremely worried about the cost of living crisis, rising to 65% for those between 25 to 44 years of age.

Business • 25 Oct 22

PayPal Holdings said a policy update that said customers could have to pay $2,500 in damages was sent in error

PayPal says policy to fine customers was an 'error'

PayPal Holdings said it will not fine users for misinformation and an earlier policy update that said customers could have to pay $2,500 in damages was sent in error.

Business • 11 Oct 22

Soaring inflation, geopolitical unrest, rising energy costs, fears of a global recession and stock market sell-offs have led many tech firms to reign in their spending

Tech slowdown: warning sign or temporary blip?

At the start of this year, the biggest recruitment problem facing the tech sector in Ireland was a shortage of talent.

Business • 18 Sep 22

Some PayPal staffers only learned about the cuts through the media (File pic: RollingNews.ie)

Will other tech firms follow PayPal and cut Irish jobs?

At 10am on Tuesday, some staff at PayPal's offices in Blanchardstown and Dundalk were called at short notice to a meeting. There they were given the grim news that over 300 of them would be losing their jobs come July 12th. But will other tech firms follow PayPal's lead?

Business • 29 May 22

135 of the positions under threat are based in PayPal's Dublin office in Blanchardstown, while the remaining 172 roles are in Dundalk

307 PayPal jobs under threat in Dublin and Dundalk

307 jobs are under threat at online payment firm PayPal's offices in Dublin and Dundalk in Co Louth.

Business • 25 May 22

PayPal has warned that 2022 remains another challenging year to forecast

PayPal shares rise despite cut in annual profit view

PayPal Holdings shares traded higher last night on Wall Street despite the company lowering its full-year profit outlook, signaling that payments volumes could take a hit from surging inflation and the conflict in Ukraine.

Business • 28 Apr 22

Paypal