PayPal beats profit targets, flags spending pull forward amid economic uncertainty

PayPal beat Wall Street estimates for first-quarter earnings and stuck to its annual profit forecast on Tuesday, even at a time when US President Donald Trump’s tariffs have fueled economic uncertainty. Executives said PayPal was off to a good start in April, as consumer spending and the labor market proved to be resilient.

Chief Financial Officer Jamie Miller told analysts that U.S. consumer activity accelerated as tariff-related concerns pulled forward some spending, echoing comments from big banks.

Despite a strong start, PayPal maintained its…