---
schema_version: "secwatch.filing_event.v1"
accession: "0001633917-22-000165"
form_type: "8-K"
ticker: "PYPL"
cik: "0001633917"
company_name: "PayPal Holdings, Inc."
filed_at: "2022-11-03T23:59:59+00:00"
generated_at: "2026-06-22T09:14:58.164979+00:00"
event_type: "earnings"
sentiment: "positive"
materiality_score: 0.8
calibrated_materiality_score: 0.8
confidence: "high"
source: SEC EDGAR
---

# PayPal Q3 revenue beats, GAAP EPS up 26%, raises FY2022 EPS guidance

## Summary
- Q3 net revenues $6.85B (+11% YoY); GAAP EPS $1.15 (+26% YoY); non-GAAP EPS $1.08 (-2% YoY).
- TPV $337B (+9% spot, +14% FXN); operating cash flow $1.9B (+29%); free cash flow $1.8B (+37%).
- Raised FY2022 GAAP EPS guidance to ~$2.11-$2.13 and non-GAAP EPS to ~$4.07-$4.09.
- Partnering with Apple to enhance PayPal and Venmo offerings for merchants and consumers.
- Expects 8-10 million net new actives in FY2022.

## SEC filing metadata
- accession: 0001633917-22-000165
- form_type: 8-K
- ticker: PYPL
- cik: 0001633917
- company_name: PayPal Holdings, Inc.
- filed_at: 2022-11-03T23:59:59+00:00
- event_type: earnings
- sentiment: positive
- materiality_score: 0.8
- calibrated_materiality_score: 0.8
- confidence: high
- sec_items: 2.02, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1633917/000163391722000165/0001633917-22-000165-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1633917/000163391722000165/pypl-20221103.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001633917-22-000165
- JSON: https://secwatch.observer/filing/0001633917-22-000165.json
- Plain text: https://secwatch.observer/filing/0001633917-22-000165.txt

## Key facts
- Earnings Releases
  PayPal Holdings, Inc. reported FY'22 results: EPS raising expected GAAP EPS to ~$2.11-$2.13; raising expected non-GAAP EPS to ~$4.07-$4.09. Guidance raised.
  - Period: FY'22
  - EPS: raising expected GAAP EPS to ~$2.11-$2.13; raising expected non-GAAP EPS to ~$4.07-$4.09
  - Guidance: raised
  - Result: guidance update
  source text: • FY'22: Raising EPS guidance, benefiting from ongoing productivity initiatives ◦ Net revenues expected to grow ~8.5% on a spot basis and ~10% FXN ◦ Raising expected GAAP EPS to ~$2.11-$2.13; raising expected non-GAAP EPS to ~$4.07-$4.09 ◦ TPV expected to grow ~8.5% on a spot basis and ~12.5% FXN ◦ Approximately 8-10 million Net New Actives (NNAs) expected to be added in FY'22
  evidence_url: https://www.sec.gov/Archives/edgar/data/1633917/000163391722000165/0001633917-22-000165-index.htm
- Earnings Releases
  PayPal Holdings, Inc. reported the quarter ended September 30, 2022 results: revenue $6.85 billion, EPS GAAP EPS of $1.15, compared to $0.92 in Q3'21; non-GAAP EPS of $1.08, compared to $1.11 in Q3'21.
  - Period: the quarter ended September 30, 2022
  - Revenue: $6.85 billion
  - EPS: GAAP EPS of $1.15, compared to $0.92 in Q3'21; non-GAAP EPS of $1.08, compared to $1.11 in Q3'21
  - Result: reported results
  source text: Net revenues of $6.85 billion, 11% growth on a spot basis and 12% FXN ◦ Revenue excluding eBay grew 13% on a spot basis, on top of 25% growth in Q3'21 • GAAP operating margin of 16.3%, declined 54 basis points; non-GAAP operating margin of 22.4%, declined 140 basis points • GAAP operating income of $1.1B, growing 7%; non-GAAP operating income of $1.5B, growing 4% • GAAP EPS of $1.15, compared to $0.92 in Q3'21; non-GAAP EPS of $1.08, compared to $1.11 in Q3'21
  evidence_url: https://www.sec.gov/Archives/edgar/data/1633917/000163391722000165/0001633917-22-000165-index.htm

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.