PayPal Holdings, Inc. Files Q3 2024 10-Q Report

Ticker: PYPL · Form: 10-Q · Filed: Oct 29, 2024 · CIK: 1633917

Paypal Holdings, Inc. 10-Q Filing Summary
FieldDetail
CompanyPaypal Holdings, Inc. (PYPL)
Form Type10-Q
Filed DateOct 29, 2024
Risk Levelmedium
Pages16
Reading Time20 min
Key Dollar Amounts$0.0001
Sentimentneutral

Sentiment: neutral

Topics: 10-Q, financials, quarterly-report

Related Tickers: PYPL

TL;DR

PayPal's Q3 2024 10-Q is in: check their latest financials for revenue, net income, and balance sheet details.

AI Summary

PayPal Holdings, Inc. filed its 10-Q for the period ending September 30, 2024. The filing details the company's financial performance and position. Key financial data points such as revenue, net income, and cash flow from operations for the nine months ended September 30, 2024, and 2023, are presented, alongside balance sheet information as of September 30, 2024, and December 31, 2023.

Why It Matters

This 10-Q filing provides investors and analysts with the latest official financial data for PayPal, crucial for understanding the company's performance and making informed investment decisions.

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 Numbers

  • Q3 2024 — Reporting Period (The period covered by this 10-Q filing.)
  • 20240930 — As of Date (The date as of which the balance sheet information is reported.)
  • 20241029 — Filing Date (The date the 10-Q was officially submitted to the SEC.)

Key Players & Entities

  • PayPal Holdings, Inc. (company) — Filer of the 10-Q report
  • 20240930 (date) — End of the reporting period
  • 20241029 (date) — Filing date of the report
  • 2211 NORTH FIRST STREET (address) — PayPal's business and mailing address
  • SAN JOSE (location) — City of PayPal's headquarters
  • CA (location) — State of PayPal's headquarters
  • 95131 (postal_code) — ZIP code of PayPal's headquarters

FAQ

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

The reporting period for this 10-Q filing is the quarter ended September 30, 2024.

When was this 10-Q filed with the SEC?

This 10-Q filing was made on October 29, 2024.

What is the company's primary business address listed in the filing?

The company's business address is 2211 NORTH FIRST STREET, SAN JOSE, CA 95131.

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

The fiscal year end for PayPal Holdings, Inc. is December 31.

What is the SEC file number for PayPal Holdings, Inc.?

The SEC file number for PayPal Holdings, Inc. is 001-36859.

Filing Stats: 4,889 words · 20 min read · ~16 pages · Grade level 18.7 · Accepted 2024-10-29 16:55:06

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 September 30, 2024 December 31, 2023 (In millions, except par value) (Unaudited) ASSETS Current assets: Cash and cash equivalents $ 7,272 $ 9,081 Short-term investments 4,647 4,979 Accounts receivable, net 1,038 1,069 Loans and interest receivable, held for sale 471 563 Loans and interest receivable, net of allowances of $ 461 and $ 540 as of September 30, 2024 and December 31, 2023, respectively 6,003 5,433 Funds receivable and customer accounts 39,182 38,935 Prepaid expenses and other current assets 4,060 2,509 Total current assets 62,673 62,569 Long-term investments 4,282 3,273 Property and equipment, net 1,496 1,488 Goodwill 10,996 11,026 Intangible assets, net 393 537 Other assets 3,671 3,273 Total assets $ 83,511 $ 82,166 LIABILITIES AND EQUITY Current liabilities: Accounts payable $ 165 $ 139 Funds payable and amounts due to customers 41,182 41,935 Accrued expenses and other current liabilities 8,921 6,392 Total current liabilities 50,268 48,466 Other long-term liabilities 3,093 2,973 Long-term debt 9,976 9,676 Total liabilities 63,337 61,115 Commitments and contingencies (Note 13) Equity: Common stock, $ 0.0001 par value; 4,000 shares authorized; 1,006 and 1,072 shares outstanding as of September 30, 2024 and December 31, 2023, respectively — — Preferred stock, $ 0.0001 par value; 100 shares authorized, unissued — — Treasury stock at cost, 322 and 245 shares as of September 30, 2024 and December 31, 2023, respectively ( 25,851 ) ( 21,045 ) Additional paid-in-capital 20,426 19,642 Retained earnings 26,226 23,200 Accumulated other comprehensive income (loss) ( 627 ) ( 746 ) Total equity 20,174 21,051 Total liabilities and equity $ 83,511 $ 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

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