TLDR
- PayPal slides after hours to $42.26 as board names Enrique Lores CEO
- PYPL drops 19% after hours as CEO switch signals urgency on execution
- PayPal names Enrique Lores CEO; shares sink after-hours on reset message
- PYPL falls after hours as board cites execution gaps and installs new CEO
- PayPal’s CEO change sparks after-hours selloff; PYPL hits $42.26
PayPal Holdings Inc. (PYPL) stock fell to $42.26. The drop marked a 19.24% slide from the close, and it extended the day’s negative tone. The board named Enrique Lores as chief executive and pointed to execution gaps.
After-hours slide follows a weak close
PayPal Holdings opened the session under pressure, and it dipped early in regular trading. Then the shares traded flat-to-lower for most of the day, and they finished modestly down. After the close, sellers pushed harder, and the price dropped quickly to $42.26.
The after-hours move widened the day’s decline and signaled elevated activity outside normal hours. Also, the larger percentage drop suggested urgent repositioning rather than routine profit taking. Still, the regular session ended near the low range, and that set a soft base.
PayPal Holdings Inc. faced heavy turnover as participants reacted to leadership headlines and performance concerns. The stock’s sharper after-hours move contrasted with the steadier daytime trade. As a result, the market treated the announcement as a near-term catalyst.
Board installs Enrique Lores and resets top roles
PayPal Holdings appointed Enrique Lores as President and CEO, effective March 1, 2026. Until then, Jamie Miller will lead as Interim CEO to manage day-to-day decisions. At the same time, David W. Dorman will serve as Independent Board Chair, effective immediately.
The board made the change after a review of PayPal’s position against rivals and industry shifts. It credited progress in some areas, yet it also said execution speed fell short of expectations. The board chose a leader it expects to enforce tighter delivery and accountability.
PayPal Holdings Inc. also ended Alex Chriss’s CEO tenure after about two and a half years. The company credited him with steps to monetize Venmo and expand buy now, pay later offerings. However, the board still prioritized faster change and cleaner execution across the platform.
Execution gaps shape the strategy backdrop
PayPal Holdings tied the leadership move to competitive pressure and rapid payments innovation. It framed the decision around product delivery, and it emphasized improved operational rigor. Additionally, it highlighted risk controls and developer tools as core parts of its value proposition.
Lores brings more than three decades of technology and commercial experience and six years running HP Inc. He led strategic changes there, and he expanded services, subscriptions, and future-of-work initiatives. He also strengthened cost discipline and simplified operations, and that record aligns with PayPal’s stated goals.
PayPal Holdings Inc. positioned its long-term case around global scale, data, and consumer and merchant relationships. Yet it stressed that execution speed must match the pace of regulation changes and AI-driven commerce shifts. The market treated the leadership reset and the after-hours plunge as linked developments.
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