{
  "report_rows": [
    {
      "kpi": "Non-GAAP EPS (Q2 2026)",
      "prediction": "BEAT",
      "answer": "pred ~$1.46 vs. cons $1.417",
      "confidence": "MEDIUM"
    },
    {
      "kpi": "Branded Checkout TPV Growth FX-neutral (Q2 2026)",
      "prediction": "BEAT",
      "answer": "pred ~+1.5% vs. cons ~+0.6%",
      "confidence": "MEDIUM"
    },
    {
      "kpi": "Transaction Margin $ ex-interest (Q2 2026)",
      "prediction": "BEAT",
      "answer": "pred ~$3.80B vs. cons $3.741B",
      "confidence": "MEDIUM"
    }
  ],
  "guide_rows": [
    {
      "kpi": "Non-GAAP EPS (Q3 2026)",
      "prediction": "LOWER",
      "answer": "guide ~$1.55-$1.65 vs. cons $1.713",
      "confidence": "MEDIUM"
    },
    {
      "kpi": "Non-GAAP EPS (FY 2026)",
      "prediction": "UNCHANGED",
      "answer": "reiterate ~$5.85 midpoint vs. cons $5.792",
      "confidence": "HIGH"
    },
    {
      "kpi": "Revenue (Q3 2026)",
      "prediction": "LOWER",
      "answer": "guide ~$8.3-$8.5B vs. cons $8.472B",
      "confidence": "MEDIUM"
    }
  ],
  "day1_residual_pct": -3.0,
  "day1_confidence": "MEDIUM",
  "day5_residual_pct": -4.5,
  "day5_path": "FOLLOW-THROUGH",
  "day5_rationale": "FOLLOW-THROUGH - sell-side cuts Q3 estimates on guide miss; M&A floor limits but does not reverse the fade",
  "day5_confidence": "MEDIUM"
}