Considering all of the investor interest in PayPal (PYPL -2.02%) stock, it might be surprising to hear that it's only gained 67% since it spun off from eBay in 2015, or about half of the S&P 500's gain over the same period. That's pretty depressing for shareholders.It hasn't always been this way. PayPal stock was beating the market for a long time before it plunged over the past two years. Why is the market so down on PayPal now? And does this recent underperformance present an opportunity?What's been going ...

PayPal Holdings, Inc. (NASDAQ:PYPL) Q3 2023 Earnings Conference Call November 1, 2023 5:00 PM ET Company Participants Ryan Wallace - Head of IR Gabrielle Rabinovitch - SVP and Acting CFO Alex Chriss - President & CEO Conference Call Participants Tien-Tsin Huang - JPMorgan Ramsey El-Assal - Barclays Darrin Peller - Wolfe Research Mike Ng - Goldman Sachs Jason Kupferberg - Bank of America James Faucette - Morgan Stanley Operator Good evening. My name is Krista, and I'll be your conference operator today. At t ...

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 September 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 ...

Summary of PayPal Holdings, Inc. Conference Call Company Overview - **Company**: PayPal Holdings, Inc. (NASDAQ: PYPL) - **Event**: UBS 2023 Fintech Leaders Conference Call - **Date**: September 14, 2023 Key Points Leadership Transition - Alex Chriss has been appointed as the new CEO of PayPal, with expectations for him to lead the Q3 earnings call and engage with investors throughout the year [4][5] - His background at Intuit, particularly in product leadership and customer-centric innovation, is seen as a strong fit for PayPal's future direction [5][6][7] E-commerce Growth - Branded checkout volume growth accelerated to 8% in July, the highest since the pandemic, driven by a more stable macro environment and increased discretionary spending [8][9][10] - E-commerce growth is expected to remain stable in the second half of 2023, supporting overall business performance [10] Competitive Landscape - Braintree, a PayPal subsidiary, is outperforming competitors like Adyen, with a consistent pricing strategy and strong consumer relationships [11][12] - Authorization rates at Braintree are competitive, contributing to market share growth [13][14] Checkout Experience - PayPal is migrating its top merchants to a new checkout experience, with over 40 integrations completed, enhancing the overall user experience [19][20][21] - The integration process varies by merchant size and complexity, impacting the timeline for full implementation [22][23] Margin Expansion Strategies - PayPal aims to improve transaction margins through branded checkout growth and the introduction of higher-margin services in the Braintree business [26][27][28] - The company is expanding geographically, particularly in Europe and Latin America, to enhance margins [27] Cost Management - PayPal expects to reduce non-transaction-related expenses by 10% in 2023, with ongoing opportunities for productivity gains through automation and platform consolidation [29][30][31] AI Integration - AI is seen as a potential driver for efficiency, particularly in customer service and operational processes, although the focus will be on cost-effective automation solutions [32][33] Venmo Performance - Venmo's total payment volume (TPV) is at a run rate of $250 billion, with ongoing efforts to enhance monetization through partnerships and improved user experiences [40][41][42][43] - The introduction of a Teen Account aims to engage younger demographics and drive future growth [43] Cross-Border Business - The cross-border business is showing signs of recovery, particularly in China and Europe, with expectations for continued growth as discretionary e-commerce stabilizes [44][45][46] Customer Account Dynamics - A slight decline in total customer accounts is expected due to churn in certain markets, but stability in monthly active users is anticipated [47][48][49] Buy Now Pay Later (BNPL) Success - BNPL has been a significant growth driver for PayPal, with plans for further innovation and expansion in various markets [50][51][52][53][54] Capital Allocation Strategy - PayPal is focusing on share repurchases over acquisitions, with plans to return 100% of free cash flow to shareholders this year [63][64][65] Future Outlook - The appointment of Alex Chriss is viewed as a pivotal moment for the company, with optimism for growth and strategic direction moving forward [70][71] Macro Concerns - Ongoing macroeconomic and geopolitical risks are acknowledged as potential challenges for the business [71] This summary encapsulates the key insights and strategic directions discussed during the conference call, highlighting PayPal's focus on growth, efficiency, and leadership transition.

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PayPal Holdings, Inc. (NASDAQ:PYPL) Q2 2023 Earnings Conference Call August 2, 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 Darrin Peller - Wolfe Research James Faucette - Morgan Stanley Ramsey El Assal - Barclays Jason Kupferberg - Bank of America David Togut - Evercore ISI 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 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 ...