{
  "report_rows": [
    {
      "kpi": "Online branded-checkout TPV growth (FX-neutral)",
      "prediction": "MISS",
      "answer": "pred ~0.8% vs. cons 1.2%",
      "confidence": "MEDIUM"
    },
    {
      "kpi": "Transaction-margin dollars",
      "prediction": "IN-LINE",
      "answer": "pred ~$3.75B vs. cons $3.73B",
      "confidence": "MEDIUM"
    },
    {
      "kpi": "Adjusted EPS",
      "prediction": "BEAT",
      "answer": "pred ~$1.31 vs. cons $1.28",
      "confidence": "MEDIUM"
    }
  ],
  "guide_rows": [
    {
      "kpi": "Adjusted EPS",
      "prediction": "LOWER",
      "answer": "guide ~$5.28 vs. cons $5.32 (FY2026)",
      "confidence": "MEDIUM"
    },
    {
      "kpi": "Online branded-checkout TPV growth (FX-neutral)",
      "prediction": "LOWER",
      "answer": "guide ~1.0% vs. cons 1.5% (FY2026)",
      "confidence": "MEDIUM"
    },
    {
      "kpi": "Adjusted free cash flow",
      "prediction": "UNCHANGED",
      "answer": "guide ~$6.0B vs. cons $6.0B (FY2026)",
      "confidence": "HIGH"
    },
    {
      "kpi": "Gross annualized cost savings",
      "prediction": "UNCHANGED",
      "answer": "guide \u2265$1.5B vs. cons $1.5B (2026\u20132028)",
      "confidence": "HIGH"
    }
  ],
  "day1_residual_pct": -3.2,
  "day1_confidence": "LOW",
  "day5_residual_pct": -4.8,
  "day5_path": "FOLLOW-THROUGH",
  "day5_rationale": "A modest Q2 EPS beat is outweighed by branded-checkout weakness and FY2026 EPS guidance below ~$5.32 consensus, pulling second-half and 2027 estimates lower; limited takeover visibility allows part of the ~$8.72 pre-bid-to-current premium to unwind, though the reported $60.50 offer constrains downside.",
  "day5_confidence": "LOW"
}