PayPal Holdings says it is targeting 2027 non-GAAP EPS growth similar to 2026

PayPal Holdings said on its third-quarter call that it now expects 2026 transaction margin dollars of approximately $15.7 billion, or $14.6 billion excluding interest on customer balances.

Chief Financial and Operating Officer Jamie Miller said PayPal Holdings is increasing its run-rate cost savings figure exiting the fourth quarter to more than $700 million. Miller said the company remains on track for at least $1.5 billion in gross run-rate cost savings over the next two to three years.

Quotes from the call

“Our guidance now includes at least $6.5 billion of adjusted free cash flow and continues to incorporate approximately $6 billion in share repurchases.”

“We remain on track to achieve at least $1.5 billion in gross run-rate cost savings over the next two to three years and are increasing our expectations exiting the fourth quarter to a run-rate of more than $700 million.”