PayPal Holdings, Inc. (NASDAQ:PYPL) Q2 2022 Earnings Conference Call August 2, 2022 5:00 PM ET Company Participants Gabrielle Rabinovitch - Interim CFO and SVP, Corporate Finance & IR Daniel Schulman - President, CEO & Director Conference Call Participants Tien-Tsin Huang - JPMorgan Chase & Co. Darrin Peller - Wolfe Research Lisa Ellis - MoffettNathanson Rayna Kumar - UBS Michael Ng - Goldman Sachs Group Jason Kupferberg - Bank of America Merrill Lynch David Togut - Evercore ISI Operator Good evening. My na ...

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, 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) | --- | --- | --- | --- | |--------------------------- ...

PayPal Holdings, Inc. (NASDAQ:PYPL) RBC TMT Conference Call June 14, 2022 1:10 PM ET Company Participants Douglas Bland - Senior Vice President and Head of Consumer Conference Call Participants Daniel Perlin - RBC Capital Markets, LLC Question-and-Answer Session Q - Daniel Perlin So thanks everybody, for joining us today. Again, Dan Perlin, run the FinTech practice here at RBC, and we are delighted to have PayPal joining us today. And really a unique visitor as it turns out. Doug Bland is the Senior Vice Pr ...

PayPal Holdings, Inc. (NASDAQ:PYPL) BofA 2022 Global Technology Conference June 9, 2022 4:35 PM ET Company Participants Dan Schulman - President and CEO Conference Call Participants Jason Kupferberg - Bank of America Merrill Lynch Jason Kupferberg Well, good afternoon, everybody. I’m Jason Kupferberg, the payments analyst here at Bank of America. And we’re very pleased to have Dan Schulman with us, President and CEO of PayPal, as you all know. Thank you, Dan, for being here. Dan Schulman Of course. Question ...

PayPal Holdings Inc. (NASDAQ:PYPL) Barclays 2022 Emerging Payments and Fintech Forum May 17, 2022 12:00 PM ET Company Participants Lucinda Turner - VP, Large Enterprise Conference Call Participants Ramsey Clark El-Assal - Barclays Ramsey Clark El-Assal Welcome back, everybody, to the keynote lunch time address, and we have -- very honored to have Cindy Turner, VP of Large Enterprise, with us from PayPal. Cindy, thank you so much for being here today. Lucinda Turner Thank you so much, Ramsey, for having me. ...

PayPal Holdings, Inc. (NASDAQ:PYPL) Q1 2022 Earnings Conference Call April 27, 2022 5:00 PM ET Company Participants Gabrielle Rabinovitch - SVP, Corporate Finance & IR Daniel Schulman - President, CEO & Director John Rainey - CFO & EVP, Global Customer Operations Conference Call Participants Lisa Ellis - MoffettNathanson Tien-Tsin Huang - JPMorgan Chase & Co. Darrin Peller - Wolfe Research Jason Kupferberg - Bank of America Merrill Lynch Michael Ng - Goldman Sachs Group Bryan Keane - Deutsche Bank David Tog ...

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, 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) | --- | --- | --- | --- | |-------------------------- ...

PayPal Holdings, Inc. (NASDAQ:PYPL) Bank of America's 2022 Electronic Payment Symposium March 22, 2022 2:15 PM ET Company Participants Darrell Esch - SVP, GM Venmo Conference Call Participants Jason Kupferberg - Bank of America Jason Kupferberg Hi, everyone. I'm Jason Kupferberg, the Payments & IT Services Analyst here at Bank of America. Very excited to have with us from PayPal, the Senior Vice President and General Manager of the Venmo business, Darrell Esch. He was with us last year, we're happy to have ...

纪要涉及的公司 PayPal Holdings, Inc. 纪要提到的核心观点和论据 1. **俄罗斯和乌克兰业务情况** - 核心观点：公司在俄罗斯和乌克兰的业务收入占比约为0.5%，已暂停在俄罗斯的服务 [4]。 - 论据：几年前公司已退出俄罗斯国内市场，目前仅涉及跨境业务，鉴于当地情况，出于道德考量暂停服务。 2. **疫情带来的持久变化** - 核心观点：疫情带来了三个持久的趋势，分别是线上线下界限模糊、支付数字化、数字钱包和结账方式的崛起 [7][8]。 - 论据：零售商开始以数字方式思考商业，电子商务持续加速增长；全球现金使用减少，各国央行在讨论央行数字货币；数字钱包在结账领域占据更多份额。 3. **业务增长情况及预期** - 核心观点：公司核心业务增长强劲，预计今年收入增长将逐季加速，年底达到20% [10][13]。 - 论据：第四季度剔除eBay后增长22%，两年复合增长25%；eBay业务带来的收入压力逐渐减小，今年上半年约6亿美元，第三季度将不再有此影响；公司推出的多项举措开始取得成效。 4. **数字钱包业务** - 核心观点：数字钱包业务表现良好，具有很大的增长潜力 [17][18]。 - 论据：使用数字钱包的用户平均每活跃用户收入是仅在线结账用户的两倍；数字钱包在全球消费者基础中的渗透率已达50%；用户添加一项服务，平均每活跃用户收入平均提高25%。 5. **Buy Now Pay Later业务** - 核心观点：Buy Now Pay Later业务发展迅速，具有很大的市场潜力 [40]。 - 论据：该业务已在7 - 8个国家的120万家商户使用，超过1200万消费者采用，第四季度同比增长200% - 300%，行业平均为70%，运行率约为130亿美元的总支付额。 6. **Venmo业务** - 核心观点：Venmo业务增长迅速，与亚马逊的合作将带来新的机遇 [50]。 - 论据：去年Venmo的总支付额达2300亿美元，增长44%，收入增长约80%，今年预计收入将再增长50%以上；与亚马逊的合作预计今年推出，双方都很重视并希望提供优质体验。 7. **超级应用概念** - 核心观点：金融服务超级应用是一个重要趋势，PayPal具有竞争优势 [55]。 - 论据：购物工具和基本金融服务在数字钱包中迅速发展；PayPal具有规模、品牌和与金融机构合作的优势，有望成为领先的数字钱包玩家。 8. **Checkout业务** - 核心观点：Checkout业务将持续改进，是公司的重要投资领域 [60]。 - 论据：延迟时间将继续下降，集成将更加原生，授权率和可用性将提高；与沃尔玛的合作使PayPal在结账选项中更加突出，收入大幅增加。 9. **资本分配策略** - 核心观点：公司将继续进行收购，但会保持谨慎，同时会回购股票 [66][68]。 - 论据：公司有强大的资产负债表和大量的自由现金流；收购要具有战略和财务意义，且易于整合；认为公司股票目前价格较低。 其他重要但是可能被忽略的内容 1. **eBay业务影响**：eBay去年的支付管理调整给公司带来14亿美元的增量收入压力，今年约6亿美元，主要集中在上半年，第三季度将不再有此影响 [12]。 2. **市场宏观因素影响**：第四季度电子商务增长低于预期，受到通胀、供应链短缺等因素影响，但这些因素预计会缓解 [15][16]。 3. **Braintree业务**：Braintree是唯一能完全集成PayPal和Venmo的全栈处理平台，具有双边网络优势，目前正在吸引世界上一些最大的商家，业务增长迅速 [24][26]。 4. **国际市场机会**：公司在核心市场仍有增长空间，尤其关注中国、日本、墨西哥等市场，收购Paidy使公司进入日本国内市场 [36][37][38]。 5. **Crypto业务**：公司推出的Crypto业务简单易用，是数字资产和数字货币多阶段路线图的第一步，未来可能会有更多发展 [43]。