PayPal Files 8-K on Financial Results and Operations
Ticker: PYPL · Form: 8-K · Filed: Feb 7, 2024 · CIK: 1633917
| Field | Detail |
|---|---|
| Company | Paypal Holdings, Inc. (PYPL) |
| Form Type | 8-K |
| Filed Date | Feb 7, 2024 |
| Risk Level | low |
| Pages | 2 |
| Reading Time | 2 min |
| Key Dollar Amounts | $0.0001 |
| Sentiment | neutral |
Complexity: simple
Sentiment: neutral
Topics: earnings, financial-condition, results-of-operations
TL;DR
**PayPal just dropped an 8-K on its financials, get ready for earnings details!**
AI Summary
PayPal Holdings, Inc. filed an 8-K on February 7, 2024, to report on its results of operations and financial condition. This filing, under Items 2.02 and 9.01, indicates that the company is providing an update on its financial performance. For investors, this matters because it signals that PayPal is releasing its latest financial results, which will influence the stock's valuation and future outlook.
Why It Matters
This 8-K signals that PayPal is releasing its latest financial performance, which is crucial for investors to assess the company's health and future prospects.
Risk Assessment
Risk Level: low — This 8-K is a routine filing for reporting financial results and does not inherently present new risks, but the actual financial results could impact risk.
Analyst Insight
A smart investor would prepare to analyze PayPal's upcoming financial results, paying close attention to revenue, profit margins, and user growth, as this 8-K signals their imminent release.
Key Numbers
- February 7, 2024 — Date of Report (The date the earliest event reported in the 8-K occurred and the filing date.)
- 001-36859 — Commission File Number (PayPal's unique identification number with the SEC.)
- 47-2989869 — I.R.S. Employer Identification No. (PayPal's tax identification number.)
- 2211 North First Street, San Jose, CA 95131 — Principal Executive Offices Address (PayPal's main corporate address.)
- (408) 967-1000 — Registrant's telephone number (PayPal's main contact number.)
Key Players & Entities
- PayPal Holdings, Inc. (company) — the registrant filing the 8-K
- February 7, 2024 (date) — date of earliest event reported and filing date
- 001-36859 (other) — Commission File Number for PayPal
- Delaware (other) — state of incorporation for PayPal
- NASDAQ Global Select Market (other) — exchange where PayPal's common stock is registered
Forward-Looking Statements
- PayPal will release its full Q4 2023 and full-year 2023 earnings report shortly after this 8-K filing. (PayPal Holdings, Inc.) — high confidence, target: February 2024
- The market will react to the financial results disclosed, potentially causing volatility in PYPL stock. (PYPL stock) — medium confidence, target: February 2024
FAQ
What is the purpose of this 8-K filing by PayPal Holdings, Inc.?
This 8-K filing by PayPal Holdings, Inc. is a 'Current Report' filed pursuant to Section 13 or 15(d) of the Securities Exchange Act of 1934, specifically under Item 2.02, 'Results of Operations and Financial Condition,' and Item 9.01, 'Financial Statements and Exhibits,' indicating the company is reporting its latest financial performance.
When was the earliest event reported in this 8-K filing?
The date of the earliest event reported in this 8-K filing was February 7, 2024.
What is PayPal Holdings, Inc.'s Commission File Number?
PayPal Holdings, Inc.'s Commission File Number, as specified in the filing, is 001-36859.
Where are PayPal Holdings, Inc.'s principal executive offices located?
PayPal Holdings, Inc.'s principal executive offices are located at 2211 North First Street, San Jose, CA 95131.
On which exchange is PayPal Holdings, Inc.'s common stock registered?
PayPal Holdings, Inc.'s common stock, with a $0.0001 par value per share and trading symbol PYPL, is registered on the NASDAQ Global Select Market.
Filing Stats: 533 words · 2 min read · ~2 pages · Grade level 10.1 · Accepted 2024-02-07 16:14:35
Key Financial Figures
- $0.0001 — ange on which registered Common stock, $0.0001 par value per share PYPL NASDAQ Global
Filing Documents
- pypl-20240207.htm (8-K) — 24KB
- q423paypalearningsreleas.htm (EX-99.1) — 46KB
- q423paypalearningsreleas001.jpg (GRAPHIC) — 225KB
- q423paypalearningsreleas002.jpg (GRAPHIC) — 199KB
- q423paypalearningsreleas003.jpg (GRAPHIC) — 176KB
- q423paypalearningsreleas004.jpg (GRAPHIC) — 264KB
- q423paypalearningsreleas005.jpg (GRAPHIC) — 375KB
- q423paypalearningsreleas006.jpg (GRAPHIC) — 144KB
- q423paypalearningsreleas007.jpg (GRAPHIC) — 136KB
- q423paypalearningsreleas008.jpg (GRAPHIC) — 210KB
- q423paypalearningsreleas009.jpg (GRAPHIC) — 75KB
- q423paypalearningsreleas010.jpg (GRAPHIC) — 225KB
- q423paypalearningsreleas011.jpg (GRAPHIC) — 237KB
- q423paypalearningsreleas012.jpg (GRAPHIC) — 348KB
- q423paypalearningsreleas013.jpg (GRAPHIC) — 214KB
- q423paypalearningsreleas014.jpg (GRAPHIC) — 65KB
- 0001633917-24-000022.txt ( ) — 4193KB
- pypl-20240207.xsd (EX-101.SCH) — 2KB
- pypl-20240207_lab.xml (EX-101.LAB) — 23KB
- pypl-20240207_pre.xml (EX-101.PRE) — 12KB
- pypl-20240207_htm.xml (XML) — 3KB
02. Results of Operations and Financial Condition
Item 2.02. Results of Operations and Financial Condition The information in Item 2.02 of this Current Report, including the accompanying Exhibit 99.1, is being furnished and shall not be deemed "filed" for the purposes of Section 18 of the Securities Exchange Act of 1934, as amended (the "Exchange Act"), or otherwise subject to the liabilities of Section 18. The information in Item 2.02 of this Current Report shall not be incorporated by reference into any registration statement or other document filed pursuant to the Securities Act of 1933, as amended, or the Exchange Act, regardless of any general incorporation language contained in such filing. On February 7, 2024, PayPal Holdings, Inc. (the "Company") issued a press release announcing its financial results for the quarter and year ended December 31, 2023. A copy of the press release is furnished as Exhibit 99.1 hereto and is incorporated by reference herein.
01. Financial Statements and Exhibits
Item 9.01. Financial Statements and Exhibits (d) Exhibits. 99.1 Press release dated February 7, 2024 104 Cover Page Interactive Data File (embedded within the Inline XBRL document)
SIGNATURES
SIGNATURES Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized. PayPal Holdings, Inc. (Registrant) Date: February 7, 2024 /s/ Brian Y. Yamasaki Name: Brian Y. Yamasaki Title: Vice President, Corporate Legal and Secretary