PayPal, Block, and Affirm are under pressure ahead of earnings as investors worry about consumer spending amid Trump's sweeping tariffs, according to CNBC. PayPal generates most of its sales from consumer transactions, with 40% of its revenue and gross payment volume coming from international markets, according to Wells Fargo analysts. Block is under pressure as Cash App user growth slowed, Afterpay tightened underwriting to limit credit losses, and Barclays warned of the company's exposure to small business churn and low-income volatility. Affirm grew monthly active users by 30% in March, but tighter credit and economic cooling could hurt loan volume growth.
