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PayPal Surges 15% on OpenAI Payment Wallet Deal, Upbeat Earnings
The payments giant raised full-year guidance, instituted a first-ever dividend, and unveiled a ChatGPT partnership to embed shopping inside AI app.
Updated Oct 28, 2025, 12:20 p.m. Published Oct 28, 2025, 11:39 a.m.
What to know:
- PayPal will integrate its payment wallet with ChatGPT, enabling instant purchases and merchant discovery.
- The company posted 7% revenue growth in the third quarter and initiated a quarterly dividend for the first time. It also raised full-year outlook amid broader AI strategy and merchant growth momentum.
- Shares surged 15% pre-market to above $80, the strongest since February.
PayPal (PYPL) shares jumped 15% in pre-market trading on Tuesday as the payments firm reported upbeat third-quarter earnings and unveiled a sweeping partnership with OpenAI to bring instant shopping to ChatGPT.
The deal will integrate PayPal’s payment system and merchant network directly into ChatGPT, allowing users to search for and buy products inside the chatbot. Through the partnership, PayPal will adopt the Agentic Commerce Protocol (ACP), enabling ChatGPT users to check out using PayPal’s wallet including bank transfers, cards and balances while extending buyer protections and post-purchase services.
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"With hundreds of millions of users on both platforms, this is about making commerce inside AI chat feel seamless," PayPal CEO Alex Chriss said in a statement.
The company’s merchant base, which includes both global brands and small businesses, will become accessible through ChatGPT starting next year. PayPal will handle everything from payment validation to merchant routing in the background, eliminating the need for businesses to build their own ChatGPT integrations.
The company said it plans to expand its internal use of OpenAI’s tools, including ChatGPT Enterprise and Codex, across its 24,000 employees.
Earnings report
Alongside the product news, PayPal reported $8.4 billion in revenue for the third quarter, up 7% from a year ago and raised its full-year guidance. Transaction margin dollars rose 6% to $3.9 billion, and GAAP earnings per share jumped 32% to $1.30.
PayPal also initiated a quarterly dividend for the first time ever, setting a $0.14 per-share.
The firm raised its full-year guidance and expects transaction margin dollar growth of 6% to 7% for 2025, excluding interest on customer balances.
PYPL shares jumped above $80, the strongest level since February.
AI Disclaimer: Parts of this article were generated with the assistance from AI tools and reviewed by our editorial team to ensure accuracy and adherence to our standards. For more information, see CoinDesk's full AI Policy.
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