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. ...

PayPal Holdings, Inc. Conference Call Summary Company Overview - **Company**: PayPal Holdings, Inc. (NASDAQ: PYPL) - **Event**: 7th Annual Evercore ISI Payments & Fintech Innovators Forum - **Date**: March 2, 2023 Key Points Industry Context - The macroeconomic environment remains complex and dynamic, impacting consumer discretionary spending and e-commerce trends [4][5] - Inflation continues to exert pressure on consumer demand, particularly in discretionary e-commerce [5][6] Financial Performance and Outlook - Q1 2023 is off to a strong start, with expectations for a solid year ahead despite ongoing economic headwinds [5][6] - Full-year non-GAAP operating margin is expected to expand by 125 basis points, with an EPS target of approximately 18% growth [7][8] - Revenue growth is projected to be mid-single-digit on a currency-neutral basis [8] Cost Management Initiatives - PayPal has identified $1.3 billion in cost savings for 2023, with an additional $600 million identified recently, primarily through headcount reductions affecting about 7% of the workforce [10][11] - Ongoing vendor rationalization and real estate optimization are also part of the cost management strategy [11] Revenue Drivers - Transaction revenue growth is expected to be impacted by e-commerce trends, with slight positive growth anticipated globally [16] - Braintree and Venmo are key growth areas, although some deceleration is expected due to lapping previous high growth rates [17][18] - OVAS (Other Value-Added Services) is projected to grow in the high teens, driven by credit initiatives and interest income [18][19] Strategic Initiatives - PayPal is focusing on enhancing its branded checkout experience, with a target of 50% penetration of its latest checkout integrations among the top 100 merchants by the end of 2023 [39] - The introduction of password-less, one-click native in-app checkout and advanced checkout using AI is a priority [36][41] - The PayPal Commerce Platform (PPCP) is being ramped up to provide unbranded offerings to small and midsized businesses [43][44] Credit Portfolio Management - PayPal is in the process of externalizing its pay later portfolio, which is expected to have minimal impact on the P&L due to the nature of the portfolio [46][49] - The externalization aims to find a long-term partner for sustainable funding while maintaining customer engagement and transaction volume benefits [48][49] Shareholder Returns - PayPal plans to return approximately 75% of its projected $5 billion free cash flow to shareholders through share repurchases in 2023 [54] - The company has historically returned 30% to 40% of free cash flow, with a significant increase to 82% in the previous year [52][53] Interest Rate Impact - Rising interest rates are expected to benefit both OVAS and OI&E (Other Income and Expenses) in 2023, with a potential $75 million income shift anticipated [57][59] Underappreciated Strengths - PayPal's scale, profitability, and ability to generate free cash flow are highlighted as key strengths that may be underappreciated by the market [61][62] - The focus on core objectives and operational efficiency is expected to drive future growth and market share [63] Conclusion - PayPal is navigating a complex macroeconomic environment while focusing on cost management, strategic growth initiatives, and enhancing shareholder returns. The company remains optimistic about its growth potential in 2023, driven by its core strengths and ongoing investments in technology and customer engagement.

PayPal Holdings, Inc. Conference Call Summary Company Overview - **Company**: PayPal Holdings, Inc. (NASDAQ: PYPL) - **Event**: KBW Fintech & Payments Conference - **Date**: March 1, 2023 - **Key Participant**: Doug Bland, Head of Consumer Business Key Points Industry and Company Insights - PayPal has over **400 million consumer accounts** and **35 million merchant relationships**, establishing it as one of the world's largest open digital payments platforms [8][9] - The company underwent an operational model change about a year ago to consolidate consumer products and streamline decision-making [4][5] - PayPal's mission focuses on **democratizing financial services**, which is a core part of its culture and strategy [6] Strategic Focus Areas - The company emphasizes the importance of its **branded Checkout business**, which is central to its strategy in commerce, payments, and financial services [9] - There is a strong focus on **customer engagement**, with efforts to optimize existing products and enhance value propositions [10] Digital Wallet and Mobile App - PayPal's digital wallet is critical for customer engagement, with a strong emphasis on trust and security built over 20 years [12][13] - Mobile app users generate **30% more average revenue per user** and have **60% more transactions** compared to non-users [16] - Over **50% of users** have adopted the mobile app, with plans to increase this by double digits in the coming year [16] Product Initiatives - The **PayPal Rewards program** was introduced to drive engagement, consolidating previous rewards programs into a single currency [24] - The company has seen a **20% lift in average revenue per user** from the high-yield savings account offered in partnership with Synchrony Bank [21] - PayPal is enhancing its **P2P (peer-to-peer) payment capabilities**, which are foundational for both PayPal and Venmo brands [26] Venmo Insights - Venmo has over **90 million 12-month actives** and is considered the largest P2P platform in the U.S. [33] - The company is testing a **teen account feature**, which could potentially add **25 million new customers** to its user base [37] - Venmo's strategy includes enhancing P2P, everyday spend, and driving commerce through partnerships like **Pay with Venmo** with Amazon [38][39] Buy Now, Pay Later (BNPL) Growth - PayPal's BNPL product has seen over **30 million unique consumers** and **200 million loans** issued in 2.5 years [46][47] - The company focuses on responsible lending practices and has a strong credit performance based on proprietary data [49] - BNPL is integral to reinforcing PayPal's branded Checkout business, with a focus on expanding in-store capabilities through partnerships [52] Competitive Positioning - PayPal is well-positioned to adapt to the shift from desktop to mobile commerce, emphasizing mobile app adoption and seamless user experiences [54][55] Additional Insights - The company is committed to continuous experimentation and optimization to enhance customer engagement and drive financial outcomes [15] - PayPal's focus on risk and identity management is seen as a competitive advantage in the digital payments space [14] This summary encapsulates the key insights and strategic directions discussed during the conference call, highlighting PayPal's commitment to enhancing customer engagement and expanding its product offerings in a competitive landscape.

PayPal Holdings, Inc. (NASDAQ:PYPL) Q4 2022 Earnings Conference Call February 9, 2023 5:00 PM ET Company Participants Gabrielle Rabinovitch - SVP and Acting CFO Daniel Schulman - President and CEO Conference Call Participants Lisa Ellis - SVB MoffettNathanson Darrin Peller - Wolfe Research James Faucette - Morgan Stanley Tien-Tsin Huang - JPMorgan Jason Kupferberg - Bank of America Merrill Lynch Timothy Chiodo - Credit Suisse David Togut - Evercore ISI Operator Good afternoon. My name is Julianne and I will ...

UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 10-K ☒ ANNUAL REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the fiscal year ended December 31, 2022. 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.R.S ...