CEO Alex Chriss is stepping down.

Enrique Lores will be the new chief executive officer of PayPal Holdings Inc., and David Dorman is the tech firm's new independent board chairman.

PayPal (PYPL) stock is plumbing multiyear lows after the payments company warned earnings will fall this year. PayPal named Enrique Lores, who had been serving as HP's chief executive, as its next CEO.

PayPal announced a new CEO Tuesday, as the company missed fourth-quarter earnings estimates, and said it expects profits to decline. The stock sank to its lowest point in nearly a decade.

PayPal just saw a major slowdown on a metric closely watched by investors. Soon, HP veteran Enrique Lores will be tasked with turning the company around.

PayPal (NASDAQ:PYPL) shares are falling 18% in morning trading today after the company reported fourth-quarter earnings that missed expectations. Adjusted earnings came in at $1.23 per share, below the $1.

Today, Feb. 3, 2026, investors are weighing a rare earnings stumble against fresh leadership, buybacks, and a balance-sheet reset.

Markets may have given PayPal's new CEO a cold reception, but the underlying math says the payment giant is sitting on a fortune.

PayPal PYPL is set to report its fourth-quarter 2025 results on Feb. 3, before the opening bell. PayPal expected currency-neutral revenue growth in the mid-single digits for the to-be-reported quarter.