PayPal elevates crypto to core business unit as new CEO sets revenue targets across three divisions

PayPal just told Wall Street exactly how seriously it takes crypto. New CEO Enrique Lores announced specific revenue targets for each of the company’s three newly created business units, one of which is explicitly named “Payment Services & Crypto.” The announcement, made on August 5, comes after Lores reorganized PayPal’s sprawling operations into three streamlined divisions back on April 29. Q2 2026 revenue hit $8.68 billion, beating analyst estimates of $8.47 billion by a comfortable margin. Three divisions, one crypto bet Here’s how the new PayPal looks. Division one: Checkout Solutions & PayPal, handling the core online payments business. Division two: Consumer Financial Services & Venmo, packaging the peer-to-peer payments app alongside broader consumer finance offerings. Division three: Payment Services & Crypto, bundling Braintree, small and medium-sized business merchant services, and all of PayPal’s crypto operations under one roof. Lores, who replaced former CEO Alex Chriss on March 1, is essentially telling investors that crypto isn’t a hobby for PayPal. The decision to set unit-level revenue targets is designed to give shareholders clearer visibility int...