Investor Presentaiton
Financial Detail
(in millions, except %)
Q4-21
Q1-22
Q2-22
Q3-22
Q4-22
Q1-23
Transaction Revenue
$6,377
$5,998
$6,272
$6,234
$6,702
$6,364
Y/Y Growth
12%
7%
8%
11%
5%
6%
Other Value Added Services (OVAS)
$541
$485
$534
$612
$681
$676
Y/Y Growth
25%
18%
21%
6%
26%
39%
Total Revenue
$6,918
$6,483
$6,806
$6,846
$7,383
$7,040
Y/Y Growth
13%
7%
9%
11%
7%
9%
FXN Y/Y Growth
13%
8%
10%
12%
9%
10%
US Revenue Y/Y Growth
27%
20%
18%
14%
10%
13%
International Revenue FXN Y/Y Growth
(1%)
(5%)
1%
9%
6%
7%
% International
44%
43%
43%
42%
42%
41%
Transaction expense
$2,952
$2,817
$3,044
$2,988
$3,324
$3,283
Transaction and credit loss
$350
$369
$448
$367
$388
$442
Volume-based expenses
$3,302
$3,186
$3,492
$3,355
$3,712
$3,725
Customer support and operations
$472
$455
$469
$453
$468
$412
Sales and marketing
$573
$491
$499
$463
$432
$348
Technology and development
$624
$610
$626
$628
$632
$557
General and administrative
$440
$398
$418
$415
$446
$398
Non-transaction related expenses
$2,109
$1,954
$2,012
$1,959
$1,978
$1,715
Total Operating Expenses (
(1)
$5,411
$5,140
$5,504
$5,314
$5,690
$5,440
Y/Y Growth
17%
18%
20%
13%
5%
6%
Non-GAAP Op. Income (¹)
$1,507
$1,343
$1,302
$1,532
$1,693
$1,600
Non-GAAP Op. Margin % (1)
22%
21%
19%
22%
23%
23%
Non-GAAP EPS (1)
Y/Y Growth
CAPEX
$1.11
$0.88
$0.93
$1.08
$1.24
$1.17
4%
(28%)
(19%)
(2%)
11%
33%
Free Cash Flow (1,2)
$213
$1,427
$191
$1,026
$175
$182
$158
$170
$1,075
$1,573
$1,433
$1,000
(1) Non-GAAP operating expenses, non-GAAP operating income, non-GAAP operating margin, non-GAAP EPS, and free cash flow are non-GAAP financial measures. Please see the Supplemental Information for a reconciliation of these non-GAAP financial measures to the most
directly comparable GAAP financial measures.
(2) Reflects the impact of reclassification as described in our earnings press release dated February 9, 2023.
PayPal
©2023 PayPal Holdings, Inc.
Q1-23 Investor Update
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