PayPal dumps CEO Alex Chriss, taps HP chief Enrique Lores as earnings miss and dividend debut jolt stock
PayPal named HP’s Enrique Lores as CEO, replacing Alex Chriss after weak Q4 results and a downbeat 2026 forecast sent shares tumbling 16% premarket. Jamie Miller becomes interim chief. Q4 revenue rose 4% to $8.7 billion, but branded checkout volume lagged. The board declared PayPal’s first quarterly dividend of $0.14, payable March 25.