PayPal Holdings reported third-quarter earnings on Tuesday that beat Wall Street estimates, as growth in branded checkout and Venmo payment volumes lifted margins. The San Jose company raised its full-year adjusted earnings guidance.

Analysts polled by LSEG had expected adjusted earnings of roughly $1.30 per share on revenue near $8.5 billion. PayPal reported figures above both consensus marks, citing improved transaction margin dollars and continued cost discipline under chief executive Alex Chriss. The results covered the quarter ending September 30.

Total payment volume rose by a double-digit percentage from a year earlier, driven by faster growth in Venmo monetisation and the company's push into agentic commerce partnerships. Management pointed to expanded merchant adoption of its Fastlane one-click checkout product as a key contributor to branded volume gains.

The guidance increase signalled management confidence heading into the holiday quarter, the busiest period for digital payments. PayPal has used buybacks aggressively, and executives reiterated plans to return capital to shareholders through continued repurchases.

Chief executive Alex Chriss said in a statement that the company had "delivered another quarter of profitable growth" and was "raising our outlook for the full year," noting that branded checkout momentum had strengthened through the quarter.