PayPal Holdings Inc
For the period ended Mar 31, 2025. Filed Apr 29, 2025.
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A company's report for each of its first three quarters. The financial statements are not audited. It shows how the business has moved since the last annual report, and what management says changed.
Mar 31, 2025 · Filed Apr 29, 2025
PYPL$58.78-2.1%Stored close · as of Nov 10, 2026
Extracted filing text, with the paragraph anchors used by the comparison.
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Condensed Consolidated Statements of Income (Loss)
| Three Months Ended March 31, | ||
|---|---|---|
| 2025 | 2024 | |
| (In millions, except per share amounts) | ||
| (Unaudited) | ||
| Net revenues | $7,791 | $7,699 |
| Operating expenses: | ||
| Transaction expense | 3,704 | 3,917 |
| Transaction and credit losses | 371 | 321 |
| Customer support and operations | 398 | 454 |
| Sales and marketing | 488 | 421 |
| Technology and development | 731 | 742 |
| General and administrative | 503 | 464 |
| Restructuring and other | 66 | 212 |
| Total operating expenses | 6,261 | 6,531 |
| Operating income | 1,530 | 1,168 |
| Other income (expense), net | 73 | 41 |
| Income before income taxes | 1,603 | 1,209 |
| Income tax expense | 316 | 321 |
| Net income (loss) | $1,287 | $888 |
| Net income (loss) per share: | ||
| Basic | $1.31 | $0.83 |
| Diluted | $1.29 | $0.83 |
| Weighted average shares: | ||
| Basic | 986 | 1,064 |
| Diluted | 999 | 1,072 |
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