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Paypal Holdings, Inc. (PYPL) SEC Filing 10-K Annual Report for the fiscal year ending Friday, December 31, 2021

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PYPL Annual Reports

Paypal Holdings, Inc.

CIK: 1633917 Ticker: PYPL
Q 4 /FY 20 2 1 R esults 1 Fourth Quarter and Full Year 2021 Results San Jose, California | February 1, 2022 PAYPAL HOLDINGS, INC. (NASDAQ: PYPL) Q4’21: Solid finish to another strong year • Total Payment Volume (TPV) of $339.5 billion, growing 23% on a spot and FX-neutral basis (FXN); net revenues of $6.9 billion, growing 13% on a spot and FXN basis • GAAP EPS of $0.68 compared to $1.32 in Q4’20; non-GAAP EPS of $1.11 compared to $1.08 in Q4’20 • 9.8 million Net New Active Accounts (NNAs) added, including 3.2 million from the acquisition of Paidy FY’21: Total Payment Volume (TPV) hits $1.25 trillion • TPV of $1.25 trillion, growing 33% and 31% on an FXN basis; net revenues of $25.4 billion, growing 18% and 17% FXN • GAAP EPS of $3.52, down 1%; non-GAAP EPS of $4.60, up 19% • Operating Cash Flow of $6.3 billion; Free Cash Flow of $5.4 billion • 48.9 million NNAs added; ended the year with 426 million active accounts FY’22: Expect TPV to reach $1.5 trillion and revenue to surpass $29 billion • TPV expected to grow 19%-22% at currrent spot rates and 21%-23% on an FXN basis • Revenue expected to grow 15%-17% on a spot and FXN basis; excluding eBay, revenue expected to grow 19%-21% • GAAP EPS expected to be in the range of $2.97-$3.15; non-GAAP EPS expected to be in the range of $4.60-$4.75 • 15 to 20 million NNAs expected to be added to PayPal’s platform in FY’22 2021 was one of the strongest years in PayPal’s history. We reached $1.25 trillion in TPV and launched more products and experiences than ever before. The future is moving in our direction, and we are investing in our consumer and merchant capabilities to seize the opportunity in front of us.” President and CEO Dan Schulman Q4’21 FY’21 Net Revenues Q4 and FY’21 Highlights * On an FXN basis USD $ YoY Change $6.9B 13%* USD $ YoY Change $25.4B 17%* Operating Income EPS $1.5B 0% $1.11 4% $6.3B 17% $4.60 19%N on -G A A P EPS Operating Income $0.68 (49%) $1.1B 9% $3.52 (1%) $4.3B 30% G A A P


The following information was filed by Paypal Holdings, Inc. (PYPL) on Tuesday, February 1, 2022 as an 8K 2.02 statement, which is an earnings press release pertaining to results of operations and financial condition. It may be helpful to assess the quality of management by comparing the information in the press release to the information in the accompanying 10-K Annual Report statement of earnings and operation as management may choose to highlight particular information in the press release.

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Inside Paypal Holdings, Inc.'s 10-K Annual Report:

Financial Statements, Disclosures and Schedules

Inside this 10-K Annual Report

Audit Information
Cover Page
Consolidated Balance Sheets
Consolidated Balance Sheets (Parenthetical)
Consolidated Statements Of Cash Flows
Consolidated Statements Of Comprehensive Income
Consolidated Statements Of Income
Consolidated Statements Of Stockholders' Equity
Business Combinations
Business Combinations (Tables)
Business Combinations - Acquisitions Completed In 2019 (Details)
Business Combinations - Acquisitions Completed In 2020 (Details)
Business Combinations - Acquisitions Completed In 2021 (Details)
Business Combinations - Other Information (Details)
Business Combinations - Schedule Of Allocation Of Purchase Consideration To Fair Value Of Assets Acquired And Liabilities Assumed (Details)
Commitments And Contingencies
Commitments And Contingencies (Tables)
Commitments And Contingencies - Additional Information (Details)
Commitments And Contingencies - Schedule Of Allowance For Transaction Losses And Negative Customer Balances Related To Protection Products (Details)
Debt
Debt (Tables)
Debt - 364-Day Revolving Credit Facility (Details)
Debt - Amended Credit Agreement (Details)
Debt - Five-Year Revolving Credit Facility (Details)
Debt - Fixed Rate Notes (Details)
Debt - Other Available Facilities (Details)
Debt - Paidy Revolving Credit Facility (Details)
Debt - Schedule Of Future Principal Payments (Details)
Debt - Schedule Of Outstanding Aggregate Principal Amount Related To The Notes (Details)
Derivative Instruments
Derivative Instruments (Tables)
Derivative Instruments - Additional Information (Details)
Derivative Instruments - Offsetting Liabilities (Details)
Derivative Instruments - Schedule Of Fair Value Of Outstanding Derivative Instruments (Details)
Derivative Instruments - Schedule Of Notional Amounts Of Outstanding Derivatives (Details)
Derivative Instruments - Schedule Of Recognized Gains Or Losses Related To Derivative Instruments Designated As Hedging Instruments And Not Designated As Hedging Instruments (Details)
Fair Value Measurement Of Assets And Liabilities
Fair Value Measurement Of Assets And Liabilities (Tables)
Fair Value Measurement Of Assets And Liabilities - Additional Information (Details)
Fair Value Measurement Of Assets And Liabilities - Summary Of Financial Assets And Liabilities Measured At Fair Value On A Non-Recurring Basis (Details)
Fair Value Measurement Of Assets And Liabilities - Summary Of Financial Assets And Liabilities Measured At Fair Value On A Recurring Basis (Details)
Fair Value Measurement Of Assets And Liabilities - Summary Of Investments Under The Fair Value Option (Details)
Funds Receivable And Customer Accounts And Investments
Funds Receivable And Customer Accounts And Investments (Tables)
Funds Receivable And Customer Accounts And Investments - Estimated Fair Values Of Investments Classified As Available For Sale Included Within Funds Receivable And Customer Accounts By Date Of Contractual Maturity (Details)
Funds Receivable And Customer Accounts And Investments - Schedule Of Adjustments To Carrying Value Of Equity Investments (Details)
Funds Receivable And Customer Accounts And Investments - Schedule Of Assets Underlying Funds Receivable And Customer Accounts, Short-Term Investments, And Long-Term Investments (Details)
Funds Receivable And Customer Accounts And Investments - Schedule Of Estimated Fair Value Of Available-For-Sale Debt Securities (Details)
Funds Receivable And Customer Accounts And Investments - Schedule Of Gross Unrealized Losses And Estimated Fair Value Of Available-For-Sale Debt Securities In A Continuous Loss Position (Details)
Funds Receivable And Customer Accounts And Investments - Schedule Of Unrealized Gains (Losses) On Strategic Investments, Excluding Those Accounted For Using The Equity Method (Details)
Funds Receivable And Customer Accounts And Investments - Strategic Investments (Details)
Funds Receivable And Customer Accounts And Investments - Summary Of Cumulative Gross Unrealized Gains And Cumulative Gross Unrealized Losses And Impairment Related To Non-Marketable Equity Securities Accounted For Under The Measurement Alternative (Details)
Goodwill And Intangible Assets
Goodwill And Intangible Assets (Tables)
Goodwill And Intangible Assets - Additional Information (Details)
Goodwill And Intangible Assets - Schedule Of Components Of Identifiable Intangible Assets (Details)
Goodwill And Intangible Assets - Schedule Of Expected Future Intangible Asset Amortization (Details)
Goodwill And Intangible Assets - Schedule Of Goodwill Balances And Adjustments (Details)
Iincome Taxes - Schedule Of Unrecognized Tax Benefits (Details)
Income Taxes
Income Taxes (Tables)
Income Taxes - Additional Information (Details)
Income Taxes - Schedule Of Components Of Income (Loss) Before Income Taxes (Details)
Income Taxes - Schedule Of Deferred Tax Assets And Liabilities (Details)
Income Taxes - Schedule Of Deferred Tax Assets And Liabilities By Balance Sheet Location (Details)
Income Taxes - Schedule Of Income Tax Expense (Details)
Income Taxes - Schedule Of Reconciliation Of The Difference Between The Effective Income Tax Rate And The Federal Statutory Rate (Details)
Leases
Leases (Tables)
Leases - Additional Information (Details)
Leases - Schedule Of Components Of Lease Expense (Details)
Leases - Schedule Of Future Minimum Operating Lease Payments (Details)
Loans And Interest Receivable
Loans And Interest Receivable (Tables)
Loans And Interest Receivable - Consumer Receivables (Details)
Loans And Interest Receivable - Loans Modified As Tdrs (Details)
Loans And Interest Receivable - Merchant Receivables (Details)
Loans And Interest Receivable - Schedule Of Allowance For Loans And Interest Receivable (Details)
Loans And Interest Receivable - Schedule Of Delinquency Status Of The Principal Amount Of Loans And Interest Receivables (Details)
Loans And Interest Receivable - Troubled Debt Restructurings ("Tdrs") (Details)
Net Income Per Share
Net Income Per Share (Tables)
Net Income Per Share - Computation Of Basic And Diluted Earnings Per Share (Details)
Other Financial Statement Details
Other Financial Statement Details (Tables)
Other Financial Statement Details - Property And Equipment, Net (Details)
Other Financial Statement Details - Schedule Of Accumulated Other Comprehensive Income (Loss) (Details)
Other Financial Statement Details - Schedule Of Other Income (Expense), Net (Details)
Other Financial Statement Details - Schedule Of Reclassifications Out Of Accumulated Other Comprehensive Income (Details)
Overview And Summary Of Significant Accounting Policies
Overview And Summary Of Significant Accounting Policies (Policies)
Overview And Summary Of Significant Accounting Policies - Advertising Expense (Details)
Overview And Summary Of Significant Accounting Policies - Allowance For Loans And Interest Receivable (Details)
Overview And Summary Of Significant Accounting Policies - Allowance For Transaction Losses And Negative Customer Balances (Details)
Overview And Summary Of Significant Accounting Policies - Basis Of Presentation And Principles Of Consolidation (Details)
Overview And Summary Of Significant Accounting Policies - Concentrations Of Risk (Details)
Overview And Summary Of Significant Accounting Policies - Customer Accounts And Funds Receivable And Funds Payable (Details)
Overview And Summary Of Significant Accounting Policies - Goodwill And Intangible Assets (Details)
Overview And Summary Of Significant Accounting Policies - Property And Equipment (Details)
Restructuring And Other Charges
Restructuring And Other Charges (Tables)
Restructuring And Other Charges - Additional Information (Details)
Restructuring And Other Charges - Summary Of Restructuring Reserve Activity (Details)
Revenue
Revenue (Tables)
Revenue - Additional Information (Details)
Revenue - Disaggregation Of Revenue (Details)
Schedule Ii???Valuation And Qualifying Accounts
Schedule Ii???Valuation And Qualifying Accounts (Details)
Stock Repurchase Programs
Stock Repurchase Programs (Details)
Stock-Based And Employee Savings Plans
Stock-Based And Employee Savings Plans (Tables)
Stock-Based And Employee Savings Plans - Employee Saving Plans (Details)
Stock-Based And Employee Savings Plans - Employee Stock Purchase Plan (Details)
Stock-Based And Employee Savings Plans - Equity Incentive Plans (Details)
Stock-Based And Employee Savings Plans - Schedule Of Rsus, Pbrsus, And Restricted Stock Activity (Details)
Stock-Based And Employee Savings Plans - Schedule Of Stock Option Activity (Details)
Stock-Based And Employee Savings Plans - Stock-Based Compensation Expense (Details)
Ticker: PYPL
CIK: 1633917
Form Type: 10-K Annual Report
Accession Number: 0001633917-22-000027
Submitted to the SEC: Thu Feb 03 2022 4:55:53 PM EST
Accepted by the SEC: Thu Feb 03 2022
Period: Friday, December 31, 2021
Industry: Business Services

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