PayPal names HP CEO Enrique Lores as CEO, replacing Alex Chriss on March 1, and reports Q4 revenue up 4% YoY to $8.68B, below estimates; PYPL closes down 20.3%

PayPal Holdings Inc. said Chief Executive Officer Alex Chriss will be replaced by HP Inc. CEO Enrique Lores after profit and revenue fell short of expectations.

Bloomberg 2026-02-03 Paige Smith

Discussion

@jerrycap @jerrycap on x
$PYPL minus 15%
@jimcramer Jim Cramer on x
Paypal's numbers were disappointing. Understand Alex Chriss was disappointing..now Enrique Lores is CEO and Bruce Broussard, late of HUM is now ceo of HP. This one is very hard to process.. Big miss...
@patrickmoorhead Patrick Moorhead on x
Lots of changes at $HPQ the past 3 months. Enrique today, Alex Cho in November, and Dave Shull in December.
@dylanonchips @dylanonchips on x
HP Inc. CEO and President Enrique Lores said Tuesday that he has stepped down from his position and is leaving the company to lead PayPal as its next chief executive. https://www.crn.com/...
@jeffjohnroberts Jeff Roberts on x
Alex Chriss recently told Fortune how PayPal faced a “classic innovator's dilemma” vs Stripe, Apple Pay et al He couldn't solve the dilemma & now Chriss is out after only 2 years as PayPal turns to CEO of HP (??) instead https://fortune.com/...
@rogoswami Rohan Goswami on x
Enrique Lores' decision to jump ship to PayPal blindsided, shocked HP board, sources say HP now in extremely early stages of search process, some internal candidates being considered More @semafor [image]
@quinnypig Corey Quinn on x
When you suck both at making printers and succession planning.
@pitdesi Sheel Mohnot on x
PayPal is the biggest missed opportunity in all of tech- it should have been a trillion-dollar company. They have a two-sided bank-connected consumer + merchant network at global scale! They replaced the CEO today. I do not think a 35 year veteran of HP is the solution 🤮 [image]
@regulatorynerd Matt Janiga on x
Alex Chriss is out as CEO of PayPal. His launch video thing was weird, but he made the right bets on Agentic commerce — something that's going to take a few more years to play out. Hiring someone further away from payments (Chriss at least had SMB experience from Intuit) [image]
@nejatian Kaz Nejatian on x
For years, PayPal prioritized growth of Braintree at the expense of PayPal. They did insane things to make the company *look* good and avoided doing any of things required to make the company actually *be* good. I watched as PayPal destroyed its product and handed roadmap over
@scottew Scott Wessman on x
I want to revise my statement. I think Stripe really should buy PayPal. Stripe gets a massive consumer footprint to level up its merchant network, has the product chops to generate lots more value, and gets complementary distribution. And AI makes refactoring PayPal tech easier.
@pitdesi Sheel Mohnot on x
C'mon @elonmusk, you always wanted PayPal to be X, the financial super-app... Now's a GREAT opportunity

Chronicles

PayPal names HP CEO Enrique Lores as CEO, replacing Alex Chriss on March 1, and reports Q4 revenue up 4% YoY to $8.68B, below estimates; PYPL closes down 20.3%

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