UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 10-Q QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 ☒ For the quarterly period ended June 30, 2023. OR ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the Transition Period from to . Commission file number 001-36859 PayPal Holdings, Inc. (Exact Name of Registrant as Specified in Its Charter) Delaware 47-2989869 (State or Other Jurisdiction of (I ...

PayPal Holdings, Inc. Conference Call Summary Company Overview - **Company**: PayPal Holdings, Inc. (NASDAQ: PYPL) - **Date of Call**: June 8, 2023 - **Participants**: - Dan Schulman - President and CEO - Peggy Alford - EVP, Global Sales and Merchant Services - John Kim - EVP, Chief Product Officer - Gabrielle Rabinovitch - SVP, Acting Chief Financial Officer Key Points Company Performance and Growth - PayPal has grown from over $8 billion in revenue nine years ago to approximately $30 billion in 2023, tripling its size during this period [6] - Profits have also tripled, with free cash flow increasing from $1.5 billion to over $5 billion [6] - Customer count and transactions per active account have more than tripled [6] - Less than 2% of profits now come from eBay, down from 40% at the time of the spin-off [6] Strategic Focus and Innovation - PayPal is focusing on three core business areas: 1. Payment Service Provider (PSP) 2. Wallet and Commerce 3. Network Business [10] - The company aims to enhance margins by targeting small and medium-sized businesses (SMBs), expanding internationally, and offering value-added services [10][21] - Emphasis on creating a frictionless and secure checkout experience through innovations like path keys and device credentials [15] Product Development and Consumer Engagement - PayPal is enhancing its product offerings, including subscriptions and Buy Now, Pay Later (BNPL) services, which have seen significant adoption [17][41] - The BNPL product has gained 32.2 million users across seven countries, leading to a 12% lift in sales for merchants [41] - PayPal's app is evolving into a hub for consumer experiences, integrating features like package tracking and smart receipts to drive engagement [18][40] Market Position and Competitive Landscape - PayPal holds over 25% of the e-commerce market share as measured by Total Payment Volume (TPV) [56] - The company has doubled its market share in the PSP sector over the last three years, competing effectively against major players [19] - PayPal's Braintree platform is positioned for large, complex merchants, while PayPal Complete Payments targets SMBs with simpler integration [23][24] Future Outlook and Challenges - The company is preparing for potential credit tightening in the market, with a focus on managing its Buy Now, Pay Later portfolio effectively [59] - PayPal plans to leverage its data assets to enhance consumer experiences and drive growth, with a goal of transforming the industry through innovation [33][54] - The company is committed to continuous experimentation and innovation, having conducted 83 experiments in Q1 2023 alone [46] Additional Insights - PayPal's focus on trust and brand strength is highlighted as a cornerstone of its business model [9] - The company is actively working on integrating value-added services to enhance its PSP offerings and drive higher margins [27] - The introduction of AI and advanced data analytics is expected to revolutionize the checkout experience and improve conversion rates significantly [34][38] Conclusion PayPal is positioned as a market leader in the payments industry, with a strong focus on innovation, consumer engagement, and strategic growth. The company aims to enhance its product offerings and expand its market share while navigating potential challenges in the credit landscape.

Summary of PayPal Holdings, Inc. Conference Call Company Overview - **Company**: PayPal Holdings, Inc. (NASDAQ: PYPL) - **Event**: 51st Annual JP Morgan Global Technology, Media and Communications Conference - **Date**: May 22, 2023 Key Points Industry and Market Trends - E-commerce is showing stronger growth than initially expected, with a projected growth rate shifting from negative 2% to positive 2% to low-to-mid single digits for the year [4][5] - Discretionary spending is under pressure due to inflation, although inflation is moderating in the U.S. [5] - PayPal's Total Payment Volume (TPV) accelerated by 300 basis points from Q4, with branded checkout growing by 200 basis points and unbranded by 100 basis points [4] Financial Performance - PayPal outperformed expectations in Q1 with revenue growth of 10.4% and an increase in EPS growth forecast from 18% to 20% for the year [8] - Transaction margins grew by about 1% in the quarter, but pressures exist due to slower e-commerce growth and challenges in cross-border transactions [9] - Non-transactional operating expenses (OpEx) were reduced by 12%, with expectations for continued declines [8][32] Strategic Initiatives - The unbranded business is growing rapidly, with a year-over-year growth of 40%, and is expected to continue to expand [10] - PayPal is focusing on enhancing its checkout experience, aiming to be best-in-class and reduce latency by 10% this year [17][18] - The rollout of PayPal Complete Payments (PPCP) is anticipated to be a significant product launch targeting small and midsized businesses [29][30] Competitive Landscape - Digital wallets currently account for 35% of online checkout, indicating significant market share opportunities [23] - PayPal's market share in checkout preferences has grown, while competitors like Apple Pay have seen fluctuations [24][25] - The company is well-positioned to leverage its unique data sets and machine learning capabilities to redefine the checkout experience [20][42] Future Outlook - The company expects high-single-digit revenue growth for the year, with a positive outlook for branded checkout growth and margin improvements [26] - AI is seen as a transformative force for productivity and cost efficiency, with ongoing efforts to integrate AI into various aspects of the business [36][41] - The search for a new CEO is underway, with a focus on candidates with technology and product experience, as well as expertise in regulated industries [45][46] Additional Insights - PayPal has quadrupled its volumes and tripled its revenues and profitability over the past nine years, demonstrating resilience in a competitive market [52] - The company is committed to continuous improvement and innovation, with a significant increase in software releases from a few hundred to 50,000 annually [53] This summary encapsulates the key insights and strategic directions discussed during the conference call, highlighting PayPal's performance, market trends, and future initiatives.

PayPal Holdings, Inc. (NASDAQ:PYPL) Barclays Emerging Payments & Fintech Forum Conference May 17, 2023 10:20 AM ET Company Participants Gabrielle Rabinovitch - Interim CFO, SVP of Investor Relations and Treasurer Conference Call Participants Ramsey El-Assal - Barclays Ramsey El-Assal Okay. Very honored to welcome Gabrielle Rabinovitch, interim CFO, SVP of Investor Relations and Treasurer of PayPal for a chat with us today. Gabrielle it’s always a pleasure to talk with you. And I hope you're doing okay today ...

PayPal Holdings, Inc. (NASDAQ:PYPL) SVB MoffettNathanson's Inaugural Technology, Media and Telecom Conference Call May 16, 2023 10:00 AM ET Company Participants Peggy Alford - EVP, Global Sales Conference Call Participants Lisa Ellis - MoffettNathanson Lisa Ellis All right. Terrific. Thank you. Welcome, everyone, to our 10 a.m. session this morning, our first converged conference, so it's very fun to see some of our payments friends as well as our broader TMT friends in the audience. I'm Lisa Ellis, for fol ...

PayPal Holdings, Inc. (NASDAQ:PYPL) Q1 2023 Earnings Conference Call May 8, 2023 5:00 PM ET Company Participants Gabrielle Rabinovitch - SVP and Acting CFO Daniel Schulman - President and CEO Conference Call Participants Tien-Tsin Huang - JPMorgan Lisa Ellis - MoffettNathanson Darrin Peller - Wolfe Research Jason Kupferberg - Bank of America David Togut - Evercore ISI James Faucette - Morgan Stanley Bryan Keane - Deutsche Bank Operator Good afternoon. My name is Sarah, and I will be your conference operator ...

UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 10-Q QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 ☒ For the quarterly period ended March 31, 2023. OR ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the Transition Period from to . Commission file number 001-36859 PayPal Holdings, Inc. (Exact Name of Registrant as Specified in Its Charter) Delaware 47-2989869 (State or Other Jurisdiction of ( ...

PayPal Holdings, Inc. (NASDAQ:PYPL) BofA Electronic Payments Symposium March 20, 2023 12:15 PM ET Company Participants Frank Keller - SVP, Head of Merchant & Payments Conference Call Participants Jason Kupferberg - BofA Global Research Operator Ladies and gentlemen, the program is about to begin. Reminder that you can submit questions at any time via the Ask Questions tab on the webcast page. At this time, it is my pleasure to turn the program over to your host, Jason Kupferberg. You may begin. Jason Kupfer ...

PayPal Holdings, Inc. Conference Call Summary Company Overview - **Company**: PayPal Holdings, Inc. (NASDAQ: PYPL) - **Event**: Wolfe FinTech Forum - **Date**: March 15, 2023 - **Participants**: John Kim (Chief Product Officer), Gabrielle (Acting CFO), Darrin Peller (Wolfe Research) Key Points Industry and Company Insights - PayPal is positioned as a significant player in the fintech industry, with a focus on enhancing merchant and consumer experiences through innovative product offerings [1][2] - The company has a marketplace model with **35 million merchants** and **400 million users**, indicating a vast network that can be leveraged for mutual benefits [11] Core Themes and Opportunities - **Marketplace Dynamics**: There is a need to enhance the value proposition for both consumers and merchants within the PayPal ecosystem. Consumers currently perceive limited value beyond convenience, while merchants seek more actionable insights and support [11] - **Data Utilization**: PayPal aims to productize its data to facilitate innovation and improve experiences for both sides of the marketplace [11] - **Checkout Experience**: Improving the checkout process is a priority, with initiatives aimed at reducing friction and enhancing conversion rates for merchants [12][27] Product Development Focus - **Merchant Solutions**: Emphasis on optimizing Braintree products and improving authorization rates, which are critical for merchant profitability [13][14] - **Consumer Experience**: The development of features like one-click checkout and package tracking to enhance user engagement and satisfaction [28][30] - **Mobile App Strategy**: The PayPal app is critical for driving consumer engagement, with plans to introduce new features that enhance security and usability [39] Competitive Landscape - PayPal faces competition from various payment solutions, including Apple and other alternative payment providers. The company aims to differentiate itself by simplifying the checkout process and providing a seamless user experience [57][61] Future Goals and Measurement of Success - The overarching goal is to transition PayPal from a tools company to a data and AI-driven company, optimizing experiences for both merchants and consumers [64] - Success will be measured by year-over-year growth in user activity rates, increased selection, and improved conversion rates [64] Additional Insights - **Venmo Integration**: There is significant potential for enhancing Venmo's capabilities, particularly in group payments and teen accounts, to drive user engagement [50] - **Business Profiles**: Millions of merchants have signed up for Business Profiles, indicating a strong interest in being discovered through PayPal's platform [50] - **Consumer Discovery**: PayPal plans to enhance the discovery aspect of its services, allowing users to find relevant merchants and services based on their transaction data [44] This summary encapsulates the key discussions and insights from the PayPal conference call, highlighting the company's strategic direction and focus areas for growth and innovation in the fintech landscape.

PayPal Holdings, Inc. (NASDAQ:PYPL) Morgan Stanley Technology, Media and Telecom Conference March 8, 2023 5:40 PM ET Company Participants Dan Schulman - President and CEO Conference Call Participants James Faucette - Morgan Stanley James Faucette All right. We'll go ahead and get started here with PayPal this afternoon. Thank you very much to everybody for joining us this year's TMT conference. Before I get started with Dan Schulman, President and CEO of PayPal, I do have some important disclosures to read. ...