Enrique Lores appointed as new CEO due to PayPal's poor performance, officially taking charge from March 1

MissedAirdropBro · 2026-02-13T20:12:29+00:00

PayPal is experiencing significant challenges, marked by poor financial results and falling stock prices due to stagnant retail spending in the U.S. and increased international competition. A new CEO, Enrique Lores, is expected to introduce strategies to revitalize the company.

MissedAirdropBro

2026-02-13 20:12:29

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PayPal is experiencing a major turning point in the payments industry. The company’s poor performance has ripple effects across the entire market, putting downward pressure on its stock price. It has become clear that sluggish retail consumption in the United States and intensified competition in international markets are seriously impacting the company’s results. In response to these challenges, a change in management has been implemented.

Earnings Miss Highlights Complex Market Challenges

PayPal’s Q4 earnings significantly missed market expectations. Total revenue was only $868 million, and earnings per share (EPS) were $1.23, both falling short of analyst forecasts. The underlying issues include sluggish retail spending within the U.S. and structural problems in overseas operations.

Of particular note is the sharp slowdown in growth of the company’s core online checkout feature. After experiencing a year-over-year growth rate of 6%, it has decelerated to just 1%, indicating a loss of business vitality. This trend reflects the tough competitive environment and changing user behaviors.

New Leadership Team, Enrique Lores to Officially Take Over on March 1

As part of management reforms, the CEO position is being replaced. Enrique Lores, former CEO of HP, will assume the new role, succeeding former CEO Alex Chriss. His official appointment is scheduled for March 1, 2026.

Following this announcement, PayPal’s stock dropped 16% in pre-market trading. The market’s reaction is mixed, with both expectations and concerns about the new leadership. During the transitional period until his official start, current CFO Jamie Miller will serve as interim CEO.

What the New CEO Needs to Drive Revival

Enrique Lores is known for organizational restructuring and operational efficiency from his time at HP. Attention is focused on what strategies he will propose to address PayPal’s slowing growth and declining competitiveness. Strengthening international market presence, innovating in digital payments, and enhancing user experience will undoubtedly be key priorities under the new management.

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