Alex Chriss will be replaced by Enrique Lores from HP. CFO Jamie Miller will step in as interim CEO until Lores is in place.
PayPal's adjusted earnings per share rose to $1.23, from $1.19 in the fourth quarter of 2024. However, analysts had expected a lift to $1.28 per share.
Net revenue rose 4 percent to $8.7 billion in the fourth quarter. That was lower than the average analyst estimate of $8.8 billion, according to Bloomberg.
In the US, PayPal brought in $4.9 billion, which compares to an average forecast of $5.0 billion. Outside the US, revenue was $3.7 billion, compared to an expected $3.8 billion.
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