secwatch.observer — SEC 8-K summary
======================================

Issuer:     PayPal Holdings, Inc. (PYPL)
CIK:        0001633917
Form:       8-K
Filed at:   2022-08-02T23:59:59+00:00
Accession:  0001633917-22-000135
Event type: earnings
Sentiment:  positive
Materiality: 0.85
Item codes: 2.02, 5.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

PayPal Q2 revenue $6.8B (+9%), non-GAAP EPS $0.93, appoints Blake Jorgensen CFO, $15B buyback
--------------------------------------------------------------------------------

- Net revenue $6.8B (+9% YoY); non-GAAP EPS $0.93 (vs $1.15); GAAP EPS ($0.29) includes $0.37 tax charge and $0.45 investment loss.
- TPV $339.8B (+9% spot, +13% FXN); ex-eBay revenue +14%.
- FY22 guidance: revenue ~$27.85B (~11% FXN), GAAP EPS $1.52-$1.62, non-GAAP EPS $3.87-$3.97.
- Blake Jorgensen appointed CFO effective Aug 3; CPO Mark Britto retiring at year-end.
- Board authorized $15B share repurchase; FY22 buyback expected ~$4B; cost savings $900M in FY22, at least $1.3B in FY23.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1633917/000163391722000135/0001633917-22-000135-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1633917/000163391722000135/pypl-20220713.htm
  HTML page:      https://secwatch.observer/filing/0001633917-22-000135

License: Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer