PayPal Holdings Inc. is lifting its outlook on two closely watched profitability metrics in light of upbeat performances from businesses ranging from debit cards to the core checkout button to Venmo, which just booked its highest revenue growth rate since 2023.

PayPal raised its full-year profit forecast above Wall Street estimates on Tuesday, as the digital payments giant's push to revive growth in high-margin businesses such as Venmo and U.S. checkout begins to pay off.

PayPal topped Wall Street estimates for the quarter and raised full-year guidance, as CEO Alex Chriss pushes profitability over volume.

Things are looking up for PayPal Holdings, as the company announced Tuesday that it had achieved its sixth consecutive quarter of profitable growth.

Holdings, Inc. reported second-quarter earnings that exceeded analyst expectations, but shares fell 4% as investors appeared to focus on slowing transaction growth metrics.

“By bringing PayPal under the Wix Payments umbrella, we gain significantly more control over the user experience and how PayPal’s products are delivered to our merchants. This deeper integration allows us to improve conversion, offer more value, and drive stronger profitability, while giving our users a faster, more unified checkout flow.”

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Safaricom M-PESA and PayPal have announced a strategic collaboration to enable account linking and seamless fund transfers across their networks.