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PayPal to Split, Boost AI Amid Stock Slump

5/26/2026

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Summary

Story summary

Enrique Lores, former HP CEO, announced a plan to split PayPal into three divisions and expand AI.
PayPal’s stock fell nearly 40% in the past year and about 80% over five years.
Branded checkout grew only 2% while shares fell nearly 8% after earnings.
Analysts said PayPal held about 9% of U.S. e-commerce in 2019 versus Apple Pay’s 3% and warned checkout lag could spark a Venmo or Braintree spin-off.

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Story summary

Enrique Lores, former HP CEO, announced a plan to split PayPal into three divisions and expand AI.
PayPal’s stock fell nearly 40% in the past year and about 80% over five years.
Branded checkout grew only 2% while shares fell nearly 8% after earnings.
Analysts said PayPal held about 9% of U.S. e-commerce in 2019 versus Apple Pay’s 3% and warned checkout lag could spark a Venmo or Braintree spin-off.