PayPal Holdings, Inc. operates a technology platform that enables digital payments on behalf of merchants and consumers worldwide. It provides payment solutions under the PayPal, PayPal Credit, Braintree, Venmo, Xoom, Zettle, Hyperwallet, Honey, and Paidy names. The company's payments platform allows consumers to send and receive payments in approximately 200 markets and in approximately 100 currencies, withdraw funds to their bank accounts in 56 currencies, and hold balances in their PayPal accounts in 25 currencies. PayPal Holdings, Inc. was founded in 1998 and is headquartered in San Jose, California.

PayPal Holdings, Inc.

Net Revenues

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Transaction Expense

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Transaction and Credit Losses

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Customer Support and Operations

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Sales and Marketing

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Product Development

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Technology and Development

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General and Administrative

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Depreciation and Amortization

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Restructuring and Other

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Total Operating Expenses

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Operating Income

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Other Income, Net

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Income Before Income Taxes

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Income Tax Expense

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Net Income

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Basic

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Diluted

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Total Revenues

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Cost of Sales

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Gross Profit

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Gross Profit Margin

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Selling, General & Administrative Expenses

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Depreciation & Amortization Expenses

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Research & Development Expenses

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Other Operating Expenses

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Operating Profit

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Operating Margin

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Non-Operating Income

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Total Non-Operating Income

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Income Before Provision for Income Taxes

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Provision for Income Taxes

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Consolidated Net Income

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Net Income Attributable to Common Shareholders

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Basic EPS

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Diluted EPS

Revenue

EBIT

EBITDA

CapEx

Net Interest Income

Assets

Adjusted EBITDA

Adjusted Net Income

Net Revenue

Average Assets

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Adjusted Funds From Operations

Income Statement	LTM	Dec '24	Dec '23	Dec '22	Dec '21	Dec '20	Dec '19	Dec '18	Dec '17	Dec '16	Dec '15
Total Revenues	32,862	31,797	29,771	27,518	25,371	21,454	17,772	15,451	13,094	10,842	9,248
Total Revenues %Chg	4.5%	6.8%	8.2%	8.5%	18.3%	20.7%	15%	18%	20.8%	17.2%	15.2%
Net Revenues
Cost of Sales	17,496	17,139	16,067	13,745	11,375	9,675	8,170	6,855	5,430	4,434	3,419
Transaction Expense
Transaction and Credit Losses
Gross Profit	15,366	14,658	13,704	13,773	13,996	11,779	9,602	8,596	7,664	6,408	5,829
Gross Profit Margin	46.8%	46.1%	46%	50.1%	55.2%	54.9%	54%	55.6%	58.5%	59.1%	63%
Selling, General & Administrative Expenses	5,998	5,916	5,787	6,476	6,634	5,709	4,727	4,262	3,665	3,264	2,920
Customer Support and Operations
Sales and Marketing
General and Administrative
Depreciation & Amortization Expenses	—	—	—	—	—	—	—	—	—	724	608
Depreciation and Amortization
Research & Development Expenses	3,072	2,979	2,973	3,253	3,038	2,642	2,085	1,831	1,740	834	792
Product Development
Technology and Development
Other Operating Expenses	301	438	-84	207	62	139	71	309	132	—	48
Restructuring and Other
Operating Profit	5,995	5,325	5,028	3,837	4,262	3,289	2,719	2,194	2,127	1,586	1,461
Operating Income
Operating Margin	18.2%	16.7%	16.9%	13.9%	16.8%	15.3%	15.3%	14.2%	16.2%	14.6%	15.8%
Non-Operating Income	80	4	383	-471	-163	1,776	279	182	73	45	27
Other Income, Net
Total Non-Operating Income	80	4	383	-471	-163	1,776	279	182	73	45	27
Income Before Provision for Income Taxes	6,075	5,329	5,411	3,366	4,099	5,065	2,998	2,376	2,200	1,631	1,488
Income Before Income Taxes
Provision for Income Taxes	1,158	1,182	1,165	947	-70	863	539	319	405	230	260
Income Tax Expense
Consolidated Net Income	4,917	4,147	4,246	2,419	4,169	4,202	2,459	2,057	1,795	1,401	1,228
Net Income
Net Income Attributable to Common Shareholders	4,917	4,147	4,246	2,419	4,169	4,202	2,459	2,057	1,795	1,401	1,228
Net Income
Basic EPS	5	4	3.9	2.1	3.6	3.6	2.1	1.7	1.5	1.2	1
Diluted EPS	5	4	3.8	2.1	3.5	3.5	2.1	1.7	1.5	1.2	1
Basic Weighted Average Shares Outstanding	975.5	1,029	1,103	1,154	1,174	1,173	1,174	1,184	1,203	1,210	1,222
Total Shares Outstanding	941	993	1,072	1,136	1,168	1,172	1,173	1,174	1,200	1,207	1,224
Diluted Weighted Average Shares Outstanding	987.5	1,039	1,107	1,158	1,186	1,187	1,188	1,203	1,221	1,218	1,229
EBITDA	6,973	6,357	6,100	5,154	5,527	4,478	3,631	2,970	2,932	2,310	2,069
Effective Tax Rate	19.1%	22.2%	21.5%	28.1%	-1.7%	17%	18%	13.4%	18.4%	14.1%	17.5%