PayPal Holdings, Inc. Q2 2024 10-Q Filing

Ticker: PYPL · Form: 10-Q · Filed: Jul 30, 2024 · CIK: 1633917

Paypal Holdings, Inc. 10-Q Filing Summary
FieldDetail
CompanyPaypal Holdings, Inc. (PYPL)
Form Type10-Q
Filed DateJul 30, 2024
Risk Levelmedium
Pages16
Reading Time19 min
Key Dollar Amounts$0.0001
Sentimentneutral

Sentiment: neutral

Topics: 10-Q, financials, quarterly-report

Related Tickers: PYPL

TL;DR

PayPal's Q2 2024 10-Q is in. Get the latest numbers.

AI Summary

PayPal Holdings, Inc. filed its 10-Q for the period ending June 30, 2024. The filing provides a detailed financial update for the second quarter of 2024. Key financial data and disclosures are presented, reflecting the company's performance and position during this period.

Why It Matters

This filing provides investors with the latest financial performance data for PayPal, crucial for understanding the company's current health and future prospects.

Risk Assessment

Risk Level: medium — 10-Q filings are standard financial reports, but the specific details within can reveal significant financial health indicators or potential risks.

Key Players & Entities

  • PayPal Holdings, Inc. (company) — Filer of the 10-Q
  • 20240630 (date) — Period of report
  • 20240730 (date) — Filing date
  • 0001633917 (company) — Central Index Key

FAQ

What is the reporting period for this 10-Q filing?

The Conformed Period of Report is 20240630, indicating the period ending June 30, 2024.

When was this 10-Q filed with the SEC?

The filing date (FILED AS OF DATE) is 20240730.

What is the company's Central Index Key (CIK)?

PayPal Holdings, Inc.'s Central Index Key is 0001633917.

What is the Standard Industrial Classification (SIC) code for PayPal?

The SIC code listed is 7389, which corresponds to SERVICES-BUSINESS SERVICES, NEC.

What is the fiscal year end for PayPal Holdings, Inc.?

The company's fiscal year ends on 1231.

Filing Stats: 4,810 words · 19 min read · ~16 pages · Grade level 17.4 · Accepted 2024-07-30 16:52:08

Key Financial Figures

  • $0.0001 — ange on which registered Common stock, $0.0001 par value per share PYPL NASDAQ Global

Filing Documents

Management's Discussion and Analysis of Financial Condition and Results of Operations

Management's Discussion and Analysis of Financial Condition and Results of Operations 48 Item 3.

Quantitative and Qualitative Disclosures About Market Risk

Quantitative and Qualitative Disclosures About Market Risk 65 Item 4.

Controls and Procedures

Controls and Procedures 67 Part II. Other Information 68 Item 1.

Legal Proceedings

Legal Proceedings 68 Item 1A.

Risk Factors

Risk Factors 68 Item 2. Unregistered Sales of Equity Securities and Use of Proceeds 72 Item 3. Defaults Upon Senior Securities 72 Item 4. Mine Safety Disclosures 72 Item 5. Other Information 72 Item 6. Exhibits 73

Signatures

Signatures 74 Table of Contents

: FINANCIAL INFORMATION

PART I: FINANCIAL INFORMATION

: FINANCIAL STATEMENTS

ITEM 1: FINANCIAL STATEMENTS PayPal Holdings, Inc. CONDENSED CONSOLIDATED BALANCE SHEETS June 30, 2024 December 31, 2023 (In millions, except par value) (Unaudited) ASSETS Current assets: Cash and cash equivalents $ 7,701 $ 9,081 Short-term investments 5,915 4,979 Accounts receivable, net 987 1,069 Loans and interest receivable, held for sale 369 563 Loans and interest receivable, net of allowances of $ 442 and $ 540 as of June 30, 2024 and December 31, 2023, respectively 5,319 5,433 Funds receivable and customer accounts 38,727 38,935 Prepaid expenses and other current assets 3,954 2,509 Total current assets 62,972 62,569 Long-term investments 4,653 3,273 Property and equipment, net 1,459 1,488 Goodwill 10,816 11,026 Intangible assets, net 403 537 Other assets 3,713 3,273 Total assets $ 84,016 $ 82,166 LIABILITIES AND EQUITY Current liabilities: Accounts payable $ 133 $ 139 Funds payable and amounts due to customers 41,727 41,935 Accrued expenses and other current liabilities 8,853 6,392 Total current liabilities 50,713 48,466 Other long-term liabilities 2,954 2,973 Long-term debt 9,727 9,676 Total liabilities 63,394 61,115 Commitments and contingencies (Note 13) Equity: Common stock, $ 0.0001 par value; 4,000 shares authorized; 1,032 and 1,072 shares outstanding as of June 30, 2024 and December 31, 2023, respectively — — Preferred stock, $ 0.0001 par value; 100 shares authorized, unissued — — Treasury stock at cost, 294 and 245 shares as of June 30, 2024 and December 31, 2023, respectively ( 24,064 ) ( 21,045 ) Additional paid-in-capital 20,163 19,642 Retained earnings 25,216 23,200 Accumulated other comprehensive income (loss) ( 693 ) ( 746 ) Total equity 20,622 21,051 Total liabilities and equity $ 84,016 $ 82,166 The accompanying notes are an integral part of these condensed consolidated financial statements. 4 Table of Contents PayPal Holdings, Inc. CONDENSED CONSOLIDATED STATEMENTS OF INCOME (LOSS) Th

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