PayPal Holdings, Inc.
For the period ended Sep 30, 2025. Filed Oct 28, 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.
Sep 30, 2025 · Filed Oct 28, 2025
PYPL$58.78-2.1%Stored close · as of Nov 10, 2026
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Condensed Consolidated Statements of Income (Loss)
| Three Months Ended September 30, | Nine Months Ended September 30, | |||
|---|---|---|---|---|
| 2025 | 2024 | 2025 | 2024 | |
| (In millions, except per share amounts) | ||||
| (Unaudited) | ||||
| Net revenues | $8,417 | $7,847 | $24,496 | $23,431 |
| Operating expenses: | ||||
| Transaction expense | 4,063 | 3,841 | 11,735 | 11,700 |
| Transaction and credit losses | 483 | 352 | 1,330 | 1,008 |
| Customer support and operations | 447 | 427 | 1,258 | 1,317 |
| Sales and marketing | 521 | 508 | 1,592 | 1,375 |
| Technology and development | 801 | 746 | 2,299 | 2,206 |
| General and administrative | 513 | 519 | 1,477 | 1,553 |
| Restructuring and other | 69 | 63 | 251 | 388 |
| Total operating expenses | 6,897 | 6,456 | 19,942 | 19,547 |
| Operating income | 1,520 | 1,391 | 4,554 | 3,884 |
| Other income (expense), net | 13 | (80) | 111 | 35 |
| Income before income taxes | 1,533 | 1,311 | 4,665 | 3,919 |
| Income tax expense | 285 | 301 | 869 | 893 |
| Net income (loss) | $1,248 | $1,010 | $3,796 | $3,026 |
| Net income (loss) per share: | ||||
| Basic | $1.31 | $1.00 | $3.92 | $2.91 |
| Diluted | $1.30 | $0.99 | $3.88 | $2.89 |
| Weighted average shares: | ||||
| Basic | 950 | 1,015 | 968 | 1,040 |
| Diluted | 960 | 1,024 | 978 | 1,048 |
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