2024 Q1 Form 10-K Financial Statement

#000163391724000024 Filed on February 08, 2024

View on sec.gov

Income Statement

Concept 2024 Q1 2023 Q4 2023
Revenue $7.699B $8.026B $29.77B
YoY Change 9.36% 8.71% 8.19%
Cost Of Revenue $4.692B $4.819B $17.99B
YoY Change 11.37% 13.31% 13.37%
Gross Profit $3.007B $3.207B $11.79B
YoY Change 6.37% 2.46% 1.13%
Gross Profit Margin 39.06% 39.96% 39.59%
Selling, General & Admin $885.0M $1.020B $3.868B
YoY Change -6.15% -1.83% -11.2%
% of Gross Profit 29.43% 31.81% 32.82%
Research & Development $742.0M $770.0M $2.973B
YoY Change 2.91% -6.33% -8.61%
% of Gross Profit 24.68% 24.01% 25.23%
Depreciation & Amortization $265.0M $263.0M $1.072B
YoY Change -1.85% -19.33% -18.6%
% of Gross Profit 8.81% 8.2% 9.1%
Operating Expenses $6.531B $1.790B $24.74B
YoY Change 8.11% -3.82% 4.48%
Operating Profit $1.168B $1.417B $5.028B
YoY Change 16.92% 11.66% 31.04%
Interest Expense $86.00M $41.00M $347.0M
YoY Change -1.15% -128.08% 14.14%
% of Operating Profit 7.36% 2.89% 6.9%
Other Income/Expense, Net $41.00M $24.00M $383.0M
YoY Change -45.33% 100.0% -181.32%
Pretax Income $1.209B $1.793B $993.0M
YoY Change 12.57% 61.53% -70.5%
Income Tax $321.0M $391.0M $1.165B
% Of Pretax Income 26.55% 21.81% 117.32%
Net Earnings $888.0M $1.402B $4.246B
YoY Change 11.7% 52.23% 75.53%
Net Earnings / Revenue 11.53% 17.47% 14.26%
Basic Earnings Per Share $0.83 $3.85
Diluted Earnings Per Share $0.83 $1.30 $3.84
COMMON SHARES
Basic Shares Outstanding 1.072B shares 1.078B shares 1.103B shares
Diluted Shares Outstanding 1.072B shares 1.107B shares

Balance Sheet

Concept 2024 Q1 2023 Q4 2023
SHORT-TERM ASSETS
Cash & Short-Term Investments $14.32B $14.06B $14.06B
YoY Change 34.29% 29.34% 29.55%
Cash & Equivalents $9.693B $9.081B $9.081B
Short-Term Investments $4.622B $4.976B $4.976B
Other Short-Term Assets $4.421B $2.512B $2.512B
YoY Change 104.49% 32.35% 31.17%
Inventory
Prepaid Expenses
Receivables $1.108B $1.069B $1.069B
Other Receivables $43.86B $44.93B $44.93B
Total Short-Term Assets $63.71B $62.57B $62.57B
YoY Change 12.63% 8.78% 8.78%
LONG-TERM ASSETS
Property, Plant & Equipment $1.947B $1.488B $1.878B
YoY Change 19.23% -13.99% -18.49%
Goodwill $10.92B $11.03B
YoY Change -2.49% -1.63%
Intangibles
YoY Change
Long-Term Investments $185.0M $182.0M $3.273B
YoY Change 30.28% 33.82% -34.77%
Other Assets $3.425B $3.273B $2.883B
YoY Change 40.6% 33.32% 53.27%
Total Long-Term Assets $19.64B $19.60B $19.60B
YoY Change -4.78% -7.56% -7.56%
TOTAL ASSETS
Total Short-Term Assets $63.71B $62.57B $62.57B
Total Long-Term Assets $19.64B $19.60B $19.60B
Total Assets $83.35B $82.17B $82.17B
YoY Change 7.98% 4.38% 4.38%
SHORT-TERM LIABILITIES
YoY Change
Accounts Payable $108.0M $139.0M $42.07B
YoY Change -23.94% 10.32% 4.58%
Accrued Expenses $8.385B $6.392B $5.143B
YoY Change 101.37% 57.63% 41.41%
Deferred Revenue
YoY Change
Short-Term Debt $0.00 $0.00 $0.00
YoY Change
Long-Term Debt Due $1.258B $1.249B $1.249B
YoY Change 200.96% 198.8% 198.8%
Total Short-Term Liabilities $49.85B $48.47B $48.47B
YoY Change 13.52% 7.46% 7.46%
LONG-TERM LIABILITIES
Long-Term Debt $9.683B $9.676B $9.676B
YoY Change -7.61% -7.11% -7.11%
Other Long-Term Liabilities $3.109B $2.973B $2.973B
YoY Change 5.82% 1.64% 2.52%
Total Long-Term Liabilities $9.683B $12.65B $12.65B
YoY Change -7.61% 21.43% -5.02%
TOTAL LIABILITIES
Total Short-Term Liabilities $49.85B $48.47B $48.47B
Total Long-Term Liabilities $9.683B $12.65B $12.65B
Total Liabilities $62.65B $61.12B $61.12B
YoY Change 9.27% 4.57% 4.57%
SHAREHOLDERS EQUITY
Retained Earnings $24.09B $23.20B
YoY Change 21.97% 22.4%
Common Stock $0.00 $0.00
YoY Change
Preferred Stock
YoY Change
Treasury Stock (at cost)
YoY Change
Treasury Stock Shares
Shareholders Equity $20.70B $21.05B $21.05B
YoY Change
Total Liabilities & Shareholders Equity $83.35B $82.17B $82.17B
YoY Change 7.98% 4.38% 4.38%

Cashflow Statement

Concept 2024 Q1 2023 Q4 2023
OPERATING ACTIVITIES
Net Income $888.0M $1.402B $4.246B
YoY Change 11.7% 52.23% 75.53%
Depreciation, Depletion And Amortization $265.0M $263.0M $1.072B
YoY Change -1.85% -19.33% -18.6%
Cash From Operating Activities $1.917B $2.614B $4.843B
YoY Change 63.85% 125.93% -16.69%
INVESTING ACTIVITIES
Capital Expenditures $154.0M $145.0M $623.0M
YoY Change -9.41% -8.23% -11.76%
Acquisitions $0.00
YoY Change
Other Investing Activities -$20.00M -$389.0M -$86.00M
YoY Change 150.0% -1791.3% -54.01%
Cash From Investing Activities $980.0M -$534.0M $752.0M
YoY Change 2782.35% 295.56% -121.98%
FINANCING ACTIVITIES
Cash Dividend Paid
YoY Change
Common Stock Issuance & Retirement, Net $4.873B
YoY Change 20.11%
Debt Paid & Issued, Net
YoY Change
Cash From Financing Activities -$2.362B 3.000B -$2.993B
YoY Change -11.27% 128.66% 169.64%
NET CHANGE
Cash From Operating Activities $1.917B 2.614B $4.843B
Cash From Investing Activities $980.0M -534.0M $752.0M
Cash From Financing Activities -$2.362B 3.000B -$2.993B
Net Change In Cash $441.0M 5.080B $2.678B
YoY Change -130.16% 117.65% 137.62%
FREE CASH FLOW
Cash From Operating Activities $1.917B $2.614B $4.843B
Capital Expenditures $154.0M $145.0M $623.0M
Free Cash Flow $1.763B $2.469B $4.220B
YoY Change 76.3% 147.15% -17.37%

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CY2023 us-gaap Use Of Estimates
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<div><span style="color:#003087;font-family:'Times New Roman',sans-serif;font-size:10pt;font-style:italic;font-weight:700;line-height:120%">Use of estimates</span></div><div style="text-align:justify"><span><br/></span></div><div style="text-align:justify"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:115%">The preparation of consolidated financial statements in conformity with United States (“U.S.”) generally accepted accounting principles (“GAAP”) requires management to make estimates and assumptions that affect the reported amounts of assets and liabilities and disclosure of contingent assets and liabilities at the date of the consolidated financial statements and the reported amounts of revenues and expenses during the reporting period. On an ongoing basis, we evaluate our estimates, including those related to provisions for transaction and credit losses, income taxes, loss contingencies, revenue recognition, and the evaluation of strategic investments for impairment. We base our estimates on historical experience and various other assumptions which we believe to be reasonable under the circumstances. Actual results could materially differ from these estimates.</span></div>
CY2023 pypl Regulatory Requirement Minimum Aggregate Customer Balances Covered By Eligible Liquid Assets Held Percentage
RegulatoryRequirementMinimumAggregateCustomerBalancesCoveredByEligibleLiquidAssetsHeldPercentage
1
CY2023 pypl Allowance For Negative Customer Balances Threshold Period Past Due Writeoff
AllowanceForNegativeCustomerBalancesThresholdPeriodPastDueWriteoff
P120D
CY2023 us-gaap Concentration Risk Credit Risk
ConcentrationRiskCreditRisk
<div><span style="color:#003087;font-family:'Times New Roman',sans-serif;font-size:10pt;font-style:italic;font-weight:700;line-height:120%">Concentrations of risk</span></div>Our cash, cash equivalents, short-term investments, accounts receivable, loans and interest receivable, net, funds receivable and customer accounts, long-term investments, and long-term notes receivable, are potentially subject to concentration of credit risk. Cash, cash equivalents, and customer accounts are placed with financial institutions that management believes are of high credit quality. In addition, funds receivable are generated primarily with financial institutions which management believes are of high credit quality. We invest our cash, cash equivalents, and customer accounts primarily in highly liquid, highly rated instruments which are uninsured. We have corporate deposit balances with financial services institutions which exceed the FDIC insurance limit of $250,000. As part of our cash management process, we perform periodic evaluations of the relative credit standing of these financial institutions. Our accounts receivable are derived from revenue earned from customers located in the U.S. and internationally. Our loans and interest receivable are derived from merchant and consumer financing activities for customers located in the U.S. and internationally. Our long-term notes receivable is derived from deferred proceeds associated with the sale of our U.S. consumer credit receivables portfolio to a partner institution in 2018. Transaction expense is derived from fees paid to payment processors and other financial institutions, located in the U.S. and internationally, when we draw funds from a customer’s credit or debit card, bank account, or other funding source they have stored in their digital wallet.
CY2023 us-gaap Advertising Expense
AdvertisingExpense
364000000 usd
CY2022 us-gaap Advertising Expense
AdvertisingExpense
518000000 usd
CY2021 us-gaap Advertising Expense
AdvertisingExpense
740000000 usd
CY2023Q4 pypl Revenue From Contract With Customer Number Of Revenue Classifications
RevenueFromContractWithCustomerNumberOfRevenueClassifications
2 classification
CY2023 us-gaap Number Of Operating Segments
NumberOfOperatingSegments
1 segment
CY2023 us-gaap Number Of Reportable Segments
NumberOfReportableSegments
1 segment
CY2022 us-gaap Revenues
Revenues
27518000000 usd
CY2021 us-gaap Revenues
Revenues
25371000000 usd
CY2023 us-gaap Revenues
Revenues
29771000000 usd
CY2022 us-gaap Revenues
Revenues
27518000000 usd
CY2021 us-gaap Revenues
Revenues
25371000000 usd
CY2023 us-gaap Revenue Not From Contract With Customer
RevenueNotFromContractWithCustomer
1800000000 usd
CY2022 us-gaap Revenue Not From Contract With Customer
RevenueNotFromContractWithCustomer
1300000000 usd
CY2021 us-gaap Revenue Not From Contract With Customer
RevenueNotFromContractWithCustomer
425000000 usd
CY2023 us-gaap Net Income Loss Available To Common Stockholders Diluted
NetIncomeLossAvailableToCommonStockholdersDiluted
4246000000 usd
CY2023 us-gaap Net Income Loss Available To Common Stockholders Basic
NetIncomeLossAvailableToCommonStockholdersBasic
4246000000 usd
CY2022 us-gaap Net Income Loss Available To Common Stockholders Basic
NetIncomeLossAvailableToCommonStockholdersBasic
2419000000 usd
CY2022 us-gaap Net Income Loss Available To Common Stockholders Diluted
NetIncomeLossAvailableToCommonStockholdersDiluted
2419000000 usd
CY2021 us-gaap Net Income Loss Available To Common Stockholders Diluted
NetIncomeLossAvailableToCommonStockholdersDiluted
4169000000 usd
CY2021 us-gaap Net Income Loss Available To Common Stockholders Basic
NetIncomeLossAvailableToCommonStockholdersBasic
4169000000 usd
CY2023 us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
1103000000 shares
CY2022 us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
1154000000 shares
CY2021 us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
1174000000 shares
CY2023 us-gaap Incremental Common Shares Attributable To Share Based Payment Arrangements
IncrementalCommonSharesAttributableToShareBasedPaymentArrangements
4000000 shares
CY2022 us-gaap Incremental Common Shares Attributable To Share Based Payment Arrangements
IncrementalCommonSharesAttributableToShareBasedPaymentArrangements
4000000 shares
CY2021 us-gaap Incremental Common Shares Attributable To Share Based Payment Arrangements
IncrementalCommonSharesAttributableToShareBasedPaymentArrangements
12000000 shares
CY2023 us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
1107000000 shares
CY2022 us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
1158000000 shares
CY2021 us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
1186000000 shares
CY2023 us-gaap Earnings Per Share Basic
EarningsPerShareBasic
3.85
CY2022 us-gaap Earnings Per Share Basic
EarningsPerShareBasic
2.10
CY2021 us-gaap Earnings Per Share Basic
EarningsPerShareBasic
3.55
CY2023 us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
3.84
CY2022 us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
2.09
CY2021 us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
3.52
CY2022 us-gaap Antidilutive Securities Excluded From Computation Of Earnings Per Share Amount
AntidilutiveSecuritiesExcludedFromComputationOfEarningsPerShareAmount
13000000 shares
CY2021 us-gaap Antidilutive Securities Excluded From Computation Of Earnings Per Share Amount
AntidilutiveSecuritiesExcludedFromComputationOfEarningsPerShareAmount
2000000 shares
CY2022 us-gaap Number Of Businesses Acquired
NumberOfBusinessesAcquired
0 business
CY2021Q4 us-gaap Goodwill
Goodwill
11454000000 usd
CY2022 us-gaap Goodwill Acquired During Period
GoodwillAcquiredDuringPeriod
0 usd
CY2022 pypl Goodwill Translation Purchase Accounting Adjustments And Goodwill Written Off Related To Sale Of Business Unit
GoodwillTranslationPurchaseAccountingAdjustmentsAndGoodwillWrittenOffRelatedToSaleOfBusinessUnit
245000000 usd
CY2022Q4 us-gaap Goodwill
Goodwill
11209000000 usd
CY2023 us-gaap Goodwill Acquired During Period
GoodwillAcquiredDuringPeriod
0 usd
CY2023 pypl Goodwill Translation Purchase Accounting Adjustments And Goodwill Written Off Related To Sale Of Business Unit
GoodwillTranslationPurchaseAccountingAdjustmentsAndGoodwillWrittenOffRelatedToSaleOfBusinessUnit
183000000 usd
CY2023Q4 us-gaap Goodwill
Goodwill
11026000000 usd
CY2023Q4 us-gaap Finite Lived Intangible Assets Gross
FiniteLivedIntangibleAssetsGross
3379000000 usd
CY2023Q4 us-gaap Finite Lived Intangible Assets Accumulated Amortization
FiniteLivedIntangibleAssetsAccumulatedAmortization
2842000000 usd
CY2023Q4 us-gaap Finite Lived Intangible Assets Net
FiniteLivedIntangibleAssetsNet
537000000 usd
CY2022Q4 us-gaap Finite Lived Intangible Assets Gross
FiniteLivedIntangibleAssetsGross
3596000000 usd
CY2022Q4 us-gaap Finite Lived Intangible Assets Accumulated Amortization
FiniteLivedIntangibleAssetsAccumulatedAmortization
2808000000 usd
CY2022Q4 us-gaap Finite Lived Intangible Assets Net
FiniteLivedIntangibleAssetsNet
788000000 usd
CY2023 pypl Finite Lived Intangible Assets Fully Amortized Retirement
FiniteLivedIntangibleAssetsFullyAmortizedRetirement
141000000 usd
CY2023 us-gaap Amortization Of Intangible Assets
AmortizationOfIntangibleAssets
226000000 usd
CY2022 us-gaap Amortization Of Intangible Assets
AmortizationOfIntangibleAssets
471000000 usd
CY2021 us-gaap Amortization Of Intangible Assets
AmortizationOfIntangibleAssets
443000000 usd
CY2023Q4 us-gaap Finite Lived Intangible Assets Amortization Expense Next Twelve Months
FiniteLivedIntangibleAssetsAmortizationExpenseNextTwelveMonths
184000000 usd
CY2023Q4 us-gaap Finite Lived Intangible Assets Amortization Expense Year Two
FiniteLivedIntangibleAssetsAmortizationExpenseYearTwo
153000000 usd
CY2023Q4 us-gaap Finite Lived Intangible Assets Amortization Expense Year Three
FiniteLivedIntangibleAssetsAmortizationExpenseYearThree
95000000 usd
CY2023Q4 us-gaap Finite Lived Intangible Assets Amortization Expense Year Four
FiniteLivedIntangibleAssetsAmortizationExpenseYearFour
59000000 usd
CY2023Q4 us-gaap Finite Lived Intangible Assets Amortization Expense Year Five
FiniteLivedIntangibleAssetsAmortizationExpenseYearFive
46000000 usd
CY2023Q4 us-gaap Finite Lived Intangible Assets Net
FiniteLivedIntangibleAssetsNet
537000000 usd
CY2023 us-gaap Operating Lease Cost
OperatingLeaseCost
156000000 usd
CY2022 us-gaap Operating Lease Cost
OperatingLeaseCost
171000000 usd
CY2021 us-gaap Operating Lease Cost
OperatingLeaseCost
170000000 usd
CY2023 us-gaap Sublease Income
SubleaseIncome
9000000 usd
CY2022 us-gaap Sublease Income
SubleaseIncome
8000000 usd
CY2021 us-gaap Sublease Income
SubleaseIncome
8000000 usd
CY2023 us-gaap Lease Cost
LeaseCost
147000000 usd
CY2022 us-gaap Lease Cost
LeaseCost
163000000 usd
CY2021 us-gaap Lease Cost
LeaseCost
162000000 usd
CY2023 us-gaap Operating Lease Payments
OperatingLeasePayments
174000000 usd
CY2022 us-gaap Operating Lease Payments
OperatingLeasePayments
172000000 usd
CY2021 us-gaap Operating Lease Payments
OperatingLeasePayments
167000000 usd
CY2023 us-gaap Right Of Use Asset Obtained In Exchange For Operating Lease Liability
RightOfUseAssetObtainedInExchangeForOperatingLeaseLiability
-1000000 usd
CY2022 us-gaap Right Of Use Asset Obtained In Exchange For Operating Lease Liability
RightOfUseAssetObtainedInExchangeForOperatingLeaseLiability
131000000 usd
CY2021 us-gaap Right Of Use Asset Obtained In Exchange For Operating Lease Liability
RightOfUseAssetObtainedInExchangeForOperatingLeaseLiability
124000000 usd
CY2023 us-gaap Operating Lease Impairment Loss
OperatingLeaseImpairmentLoss
40000000 usd
CY2022 us-gaap Operating Lease Impairment Loss
OperatingLeaseImpairmentLoss
52000000 usd
CY2021 us-gaap Operating Lease Impairment Loss
OperatingLeaseImpairmentLoss
21000000 usd
CY2023Q4 us-gaap Operating Lease Right Of Use Asset
OperatingLeaseRightOfUseAsset
390000000 usd
CY2022Q4 us-gaap Operating Lease Right Of Use Asset
OperatingLeaseRightOfUseAsset
574000000 usd
CY2023Q4 us-gaap Operating Lease Liability Current
OperatingLeaseLiabilityCurrent
144000000 usd
CY2022Q4 us-gaap Operating Lease Liability Current
OperatingLeaseLiabilityCurrent
151000000 usd
CY2023Q4 us-gaap Operating Lease Liability Noncurrent
OperatingLeaseLiabilityNoncurrent
416000000 usd
CY2022Q4 us-gaap Operating Lease Liability Noncurrent
OperatingLeaseLiabilityNoncurrent
569000000 usd
CY2023Q4 us-gaap Operating Lease Liability
OperatingLeaseLiability
560000000 usd
CY2022Q4 us-gaap Operating Lease Liability
OperatingLeaseLiability
720000000 usd
CY2023Q4 us-gaap Operating Lease Weighted Average Remaining Lease Term1
OperatingLeaseWeightedAverageRemainingLeaseTerm1
P5Y
CY2022Q4 us-gaap Operating Lease Weighted Average Remaining Lease Term1
OperatingLeaseWeightedAverageRemainingLeaseTerm1
P5Y8M12D
CY2023Q4 us-gaap Operating Lease Weighted Average Discount Rate Percent
OperatingLeaseWeightedAverageDiscountRatePercent
0.04
CY2022Q4 us-gaap Operating Lease Weighted Average Discount Rate Percent
OperatingLeaseWeightedAverageDiscountRatePercent
0.03
CY2023Q4 us-gaap Lessee Operating Lease Liability Payments Due Next Twelve Months
LesseeOperatingLeaseLiabilityPaymentsDueNextTwelveMonths
161000000 usd
CY2023Q4 us-gaap Lessee Operating Lease Liability Payments Due Year Two
LesseeOperatingLeaseLiabilityPaymentsDueYearTwo
122000000 usd
CY2023Q4 us-gaap Lessee Operating Lease Liability Payments Due Year Three
LesseeOperatingLeaseLiabilityPaymentsDueYearThree
108000000 usd
CY2023Q4 us-gaap Lessee Operating Lease Liability Payments Due Year Four
LesseeOperatingLeaseLiabilityPaymentsDueYearFour
87000000 usd
CY2023Q4 us-gaap Lessee Operating Lease Liability Payments Due Year Five
LesseeOperatingLeaseLiabilityPaymentsDueYearFive
57000000 usd
CY2023Q4 us-gaap Lessee Operating Lease Liability Payments Due After Year Five
LesseeOperatingLeaseLiabilityPaymentsDueAfterYearFive
80000000 usd
CY2023Q4 us-gaap Lessee Operating Lease Liability Payments Due
LesseeOperatingLeaseLiabilityPaymentsDue
615000000 usd
CY2023Q4 us-gaap Lessee Operating Lease Liability Undiscounted Excess Amount
LesseeOperatingLeaseLiabilityUndiscountedExcessAmount
55000000 usd
CY2023Q4 us-gaap Operating Lease Liability
OperatingLeaseLiability
560000000 usd
CY2023 us-gaap Operating Lease Expense
OperatingLeaseExpense
183000000 usd
CY2022 us-gaap Operating Lease Expense
OperatingLeaseExpense
202000000 usd
CY2021 us-gaap Operating Lease Expense
OperatingLeaseExpense
192000000 usd
CY2023Q4 pypl Lessee Operating Lease Lease Not Yet Commenced Amount
LesseeOperatingLeaseLeaseNotYetCommencedAmount
242000000 usd
CY2023Q4 pypl Safeguarding Asset Platform Operator Crypto Asset Number Of Third Party Custodians
SafeguardingAssetPlatformOperatorCryptoAssetNumberOfThirdPartyCustodians
2 custodian
CY2023Q4 us-gaap Property Plant And Equipment Gross
PropertyPlantAndEquipmentGross
8436000000 usd
CY2022Q4 us-gaap Property Plant And Equipment Gross
PropertyPlantAndEquipmentGross
8112000000 usd
CY2023Q4 us-gaap Accumulated Depreciation Depletion And Amortization Property Plant And Equipment
AccumulatedDepreciationDepletionAndAmortizationPropertyPlantAndEquipment
6948000000 usd
CY2022Q4 us-gaap Accumulated Depreciation Depletion And Amortization Property Plant And Equipment
AccumulatedDepreciationDepletionAndAmortizationPropertyPlantAndEquipment
6382000000 usd
CY2023Q4 us-gaap Property Plant And Equipment Net
PropertyPlantAndEquipmentNet
1488000000 usd
CY2022Q4 us-gaap Property Plant And Equipment Net
PropertyPlantAndEquipmentNet
1730000000 usd
CY2023 us-gaap Depreciation
Depreciation
846000000 usd
CY2022 us-gaap Depreciation
Depreciation
846000000 usd
CY2021 us-gaap Depreciation
Depreciation
822000000 usd
CY2023 pypl Change In Capital Expenditures Incurred But Not Yet Paid
ChangeInCapitalExpendituresIncurredButNotYetPaid
7000000 usd
CY2022 pypl Change In Capital Expenditures Incurred But Not Yet Paid
ChangeInCapitalExpendituresIncurredButNotYetPaid
-36000000 usd
CY2021 pypl Change In Capital Expenditures Incurred But Not Yet Paid
ChangeInCapitalExpendituresIncurredButNotYetPaid
-27000000 usd
CY2023Q4 us-gaap Noncurrent Assets
NoncurrentAssets
1878000000 usd
CY2022Q4 us-gaap Noncurrent Assets
NoncurrentAssets
2304000000 usd
CY2023 us-gaap Oci Before Reclassifications Net Of Tax Attributable To Parent
OciBeforeReclassificationsNetOfTaxAttributableToParent
270000000 usd
CY2023 us-gaap Reclassification From Aoci Current Period Net Of Tax Attributable To Parent
ReclassificationFromAociCurrentPeriodNetOfTaxAttributableToParent
88000000 usd
CY2023 us-gaap Other Comprehensive Income Loss Net Of Tax Portion Attributable To Parent
OtherComprehensiveIncomeLossNetOfTaxPortionAttributableToParent
182000000 usd
CY2022 us-gaap Oci Before Reclassifications Net Of Tax Attributable To Parent
OciBeforeReclassificationsNetOfTaxAttributableToParent
-325000000 usd
CY2022 us-gaap Reclassification From Aoci Current Period Net Of Tax Attributable To Parent
ReclassificationFromAociCurrentPeriodNetOfTaxAttributableToParent
467000000 usd
CY2022 us-gaap Other Comprehensive Income Loss Net Of Tax Portion Attributable To Parent
OtherComprehensiveIncomeLossNetOfTaxPortionAttributableToParent
-792000000 usd
CY2021 us-gaap Oci Before Reclassifications Net Of Tax Attributable To Parent
OciBeforeReclassificationsNetOfTaxAttributableToParent
158000000 usd
CY2021 us-gaap Reclassification From Aoci Current Period Net Of Tax Attributable To Parent
ReclassificationFromAociCurrentPeriodNetOfTaxAttributableToParent
-190000000 usd
CY2021 us-gaap Other Comprehensive Income Loss Net Of Tax Portion Attributable To Parent
OtherComprehensiveIncomeLossNetOfTaxPortionAttributableToParent
348000000 usd
CY2023Q4 pypl Noncurrent Marketable Equity Securities Equity Securities Without Readily Determinable Fair Value And Equity Method Investments
NoncurrentMarketableEquitySecuritiesEquitySecuritiesWithoutReadilyDeterminableFairValueAndEquityMethodInvestments
1837000000 usd
CY2022Q4 pypl Noncurrent Marketable Equity Securities Equity Securities Without Readily Determinable Fair Value And Equity Method Investments
NoncurrentMarketableEquitySecuritiesEquitySecuritiesWithoutReadilyDeterminableFairValueAndEquityMethodInvestments
2146000000 usd
CY2023Q4 us-gaap Long Term Investments
LongTermInvestments
3273000000 usd
CY2022Q4 us-gaap Long Term Investments
LongTermInvestments
5018000000 usd
CY2023Q4 us-gaap Debt Securities Available For Sale Amortized Cost Excluding Accrued Interest After Allowance For Credit Loss
DebtSecuritiesAvailableForSaleAmortizedCostExcludingAccruedInterestAfterAllowanceForCreditLoss
22639000000 usd
CY2023 us-gaap Interest Expense
InterestExpense
347000000 usd
CY2022 us-gaap Interest Expense
InterestExpense
304000000 usd
CY2021 us-gaap Interest Expense
InterestExpense
232000000 usd
CY2023 us-gaap Gain Loss On Investments
GainLossOnInvestments
201000000 usd
CY2022 us-gaap Gain Loss On Investments
GainLossOnInvestments
-304000000 usd
CY2023 us-gaap Other Nonoperating Income Expense
OtherNonoperatingIncomeExpense
49000000 usd
CY2022 us-gaap Other Nonoperating Income Expense
OtherNonoperatingIncomeExpense
-37000000 usd
CY2021 us-gaap Other Nonoperating Income Expense
OtherNonoperatingIncomeExpense
-34000000 usd
CY2023 us-gaap Nonoperating Income Expense
NonoperatingIncomeExpense
383000000 usd
CY2022 us-gaap Nonoperating Income Expense
NonoperatingIncomeExpense
-471000000 usd
CY2021 us-gaap Nonoperating Income Expense
NonoperatingIncomeExpense
-163000000 usd
CY2023Q4 us-gaap Cash And Cash Equivalents At Carrying Value
CashAndCashEquivalentsAtCarryingValue
9081000000 usd
CY2022Q4 us-gaap Cash And Cash Equivalents At Carrying Value
CashAndCashEquivalentsAtCarryingValue
7776000000 usd
CY2023Q4 pypl Funds Receivable And Customer Accounts
FundsReceivableAndCustomerAccounts
38935000000 usd
CY2022Q4 pypl Funds Receivable And Customer Accounts
FundsReceivableAndCustomerAccounts
36264000000 usd
CY2023Q4 us-gaap Time Deposits At Carrying Value
TimeDepositsAtCarryingValue
128000000 usd
CY2022Q4 us-gaap Time Deposits At Carrying Value
TimeDepositsAtCarryingValue
482000000 usd
CY2023Q4 us-gaap Debt Securities Available For Sale Excluding Accrued Interest Current
DebtSecuritiesAvailableForSaleExcludingAccruedInterestCurrent
4848000000 usd
CY2022Q4 us-gaap Debt Securities Available For Sale Excluding Accrued Interest Current
DebtSecuritiesAvailableForSaleExcludingAccruedInterestCurrent
2593000000 usd
CY2023Q4 us-gaap Restricted Cash Current
RestrictedCashCurrent
3000000 usd
CY2022Q4 us-gaap Restricted Cash Current
RestrictedCashCurrent
17000000 usd
CY2023Q4 us-gaap Short Term Investments
ShortTermInvestments
4979000000 usd
CY2022Q4 us-gaap Short Term Investments
ShortTermInvestments
3092000000 usd
CY2023Q4 pypl Time Deposits Noncurrent At Carrying Value
TimeDepositsNoncurrentAtCarryingValue
45000000 usd
CY2022Q4 pypl Time Deposits Noncurrent At Carrying Value
TimeDepositsNoncurrentAtCarryingValue
55000000 usd
CY2023Q4 us-gaap Debt Securities Available For Sale Excluding Accrued Interest Noncurrent
DebtSecuritiesAvailableForSaleExcludingAccruedInterestNoncurrent
1391000000 usd
CY2022Q4 us-gaap Debt Securities Available For Sale Excluding Accrued Interest Noncurrent
DebtSecuritiesAvailableForSaleExcludingAccruedInterestNoncurrent
2817000000 usd
CY2023Q4 us-gaap Available For Sale Debt Securities Accumulated Gross Unrealized Gain Before Tax
AvailableForSaleDebtSecuritiesAccumulatedGrossUnrealizedGainBeforeTax
24000000 usd
CY2023Q4 us-gaap Available For Sale Debt Securities Accumulated Gross Unrealized Loss Before Tax
AvailableForSaleDebtSecuritiesAccumulatedGrossUnrealizedLossBeforeTax
158000000 usd
CY2023Q4 us-gaap Debt Securities Available For Sale Excluding Accrued Interest
DebtSecuritiesAvailableForSaleExcludingAccruedInterest
22505000000 usd
CY2022Q4 us-gaap Debt Securities Available For Sale Amortized Cost Excluding Accrued Interest After Allowance For Credit Loss
DebtSecuritiesAvailableForSaleAmortizedCostExcludingAccruedInterestAfterAllowanceForCreditLoss
23780000000 usd
CY2022Q4 us-gaap Available For Sale Debt Securities Accumulated Gross Unrealized Gain Before Tax
AvailableForSaleDebtSecuritiesAccumulatedGrossUnrealizedGainBeforeTax
1000000 usd
CY2022Q4 us-gaap Available For Sale Debt Securities Accumulated Gross Unrealized Loss Before Tax
AvailableForSaleDebtSecuritiesAccumulatedGrossUnrealizedLossBeforeTax
592000000 usd
CY2022Q4 us-gaap Debt Securities Available For Sale Excluding Accrued Interest
DebtSecuritiesAvailableForSaleExcludingAccruedInterest
23189000000 usd
CY2023Q4 us-gaap Debt Securities Available For Sale Accrued Interest After Allowance For Credit Loss
DebtSecuritiesAvailableForSaleAccruedInterestAfterAllowanceForCreditLoss
101000000 usd
CY2022Q4 us-gaap Debt Securities Available For Sale Accrued Interest After Allowance For Credit Loss
DebtSecuritiesAvailableForSaleAccruedInterestAfterAllowanceForCreditLoss
65000000 usd
CY2023Q4 us-gaap Debt Securities Available For Sale Continuous Unrealized Loss Position Less Than12 Months
DebtSecuritiesAvailableForSaleContinuousUnrealizedLossPositionLessThan12Months
5939000000 usd
CY2023Q4 us-gaap Debt Securities Available For Sale Continuous Unrealized Loss Position Less Than12 Months Accumulated Loss
DebtSecuritiesAvailableForSaleContinuousUnrealizedLossPositionLessThan12MonthsAccumulatedLoss
11000000 usd
CY2023Q4 us-gaap Debt Securities Available For Sale Continuous Unrealized Loss Position12 Months Or Longer
DebtSecuritiesAvailableForSaleContinuousUnrealizedLossPosition12MonthsOrLonger
8472000000 usd
CY2023Q4 us-gaap Debt Securities Available For Sale Continuous Unrealized Loss Position12 Months Or Longer Accumulated Loss
DebtSecuritiesAvailableForSaleContinuousUnrealizedLossPosition12MonthsOrLongerAccumulatedLoss
147000000 usd
CY2023Q4 us-gaap Debt Securities Available For Sale Unrealized Loss Position
DebtSecuritiesAvailableForSaleUnrealizedLossPosition
14411000000 usd
CY2023Q4 us-gaap Debt Securities Available For Sale Unrealized Loss Position Accumulated Loss
DebtSecuritiesAvailableForSaleUnrealizedLossPositionAccumulatedLoss
158000000 usd
CY2022Q4 us-gaap Debt Securities Available For Sale Continuous Unrealized Loss Position Less Than12 Months
DebtSecuritiesAvailableForSaleContinuousUnrealizedLossPositionLessThan12Months
10703000000 usd
CY2022Q4 us-gaap Debt Securities Available For Sale Continuous Unrealized Loss Position Less Than12 Months Accumulated Loss
DebtSecuritiesAvailableForSaleContinuousUnrealizedLossPositionLessThan12MonthsAccumulatedLoss
150000000 usd
CY2022Q4 us-gaap Debt Securities Available For Sale Continuous Unrealized Loss Position12 Months Or Longer
DebtSecuritiesAvailableForSaleContinuousUnrealizedLossPosition12MonthsOrLonger
10282000000 usd
CY2022Q4 us-gaap Debt Securities Available For Sale Continuous Unrealized Loss Position12 Months Or Longer Accumulated Loss
DebtSecuritiesAvailableForSaleContinuousUnrealizedLossPosition12MonthsOrLongerAccumulatedLoss
442000000 usd
CY2022Q4 us-gaap Debt Securities Available For Sale Unrealized Loss Position
DebtSecuritiesAvailableForSaleUnrealizedLossPosition
20985000000 usd
CY2022Q4 us-gaap Debt Securities Available For Sale Unrealized Loss Position Accumulated Loss
DebtSecuritiesAvailableForSaleUnrealizedLossPositionAccumulatedLoss
592000000 usd
CY2023 us-gaap Debt Securities Available For Sale Realized Loss
DebtSecuritiesAvailableForSaleRealizedLoss
26000000 usd
CY2023Q4 us-gaap Available For Sale Securities Debt Maturities Within One Year Amortized Cost
AvailableForSaleSecuritiesDebtMaturitiesWithinOneYearAmortizedCost
14971000000 usd
CY2023Q4 us-gaap Available For Sale Securities Debt Maturities Within One Year Fair Value
AvailableForSaleSecuritiesDebtMaturitiesWithinOneYearFairValue
14862000000 usd
CY2023Q4 us-gaap Available For Sale Securities Debt Maturities After One Through Five Years Amortized Cost
AvailableForSaleSecuritiesDebtMaturitiesAfterOneThroughFiveYearsAmortizedCost
5454000000 usd
CY2023Q4 us-gaap Available For Sale Securities Debt Maturities After One Through Five Years Fair Value
AvailableForSaleSecuritiesDebtMaturitiesAfterOneThroughFiveYearsFairValue
5426000000 usd
CY2023Q4 us-gaap Available For Sale Securities Debt Maturities After Five Through Ten Years Amortized Cost
AvailableForSaleSecuritiesDebtMaturitiesAfterFiveThroughTenYearsAmortizedCost
2178000000 usd
CY2023Q4 us-gaap Available For Sale Securities Debt Maturities After Five Through Ten Years Fair Value
AvailableForSaleSecuritiesDebtMaturitiesAfterFiveThroughTenYearsFairValue
2181000000 usd
CY2023Q4 us-gaap Available For Sale Securities Debt Maturities After Ten Years Amortized Cost
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CY2022Q4 pypl Equity Securities Without Readily Determinable Fair Value And Equity Method Investments
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CY2023Q4 us-gaap Equity Securities Without Readily Determinable Fair Value Amount
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CY2023Q4 us-gaap Equity Securities Without Readily Determinable Fair Value Downward Price Adjustment Cumulative Amount
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CY2022Q4 pypl Equity Securities Without Readily Determinable Fair Value And Equity Method Investments
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CY2022Q4 us-gaap Cash
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CY2023Q4 us-gaap Long Term Debt Maturities Repayments Of Principal In Year Five
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CY2022Q4 us-gaap Unused Commitments To Extend Credit
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CY2023Q4 pypl Allowance For Transaction Losses
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CY2022Q4 pypl Allowance For Transaction Losses
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CY2022Q4 pypl Allowance For Negative Customer Balances
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CY2023 pypl Inflation Reduction Act Excise Tax
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CY2023 us-gaap Share Based Compensation Arrangements By Share Based Payment Award Options Exercises In Period Weighted Average Exercise Price
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CY2023 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Forfeitures And Expirations In Period Weighted Average Exercise Price
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CY2023Q4 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Outstanding Weighted Average Exercise Price
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CY2023 us-gaap Sharebased Compensation Arrangement By Sharebased Payment Award Options Outstanding Weighted Average Remaining Contractual Term2
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CY2023Q4 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Vested And Expected To Vest Outstanding Weighted Average Exercise Price
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CY2023 us-gaap Sharebased Compensation Arrangement By Sharebased Payment Award Options Vested And Expected To Vest Outstanding Weighted Average Remaining Contractual Term1
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CY2023Q4 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Exercisable Number
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CY2023Q4 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Exercisable Weighted Average Exercise Price
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CY2023 us-gaap Sharebased Compensation Arrangement By Sharebased Payment Award Options Exercisable Weighted Average Remaining Contractual Term1
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CY2022 pypl Share Based Compensation Arrangements By Share Based Payment Award Options Assumed In Period Weighted Average Exercise Price
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CY2021 pypl Share Based Compensation Arrangements By Share Based Payment Award Options Assumed In Period Weighted Average Exercise Price
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CY2022 pypl Share Based Payment Arrangement Vesting Or Exercise Of Options Tax Benefit
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CY2021 pypl Share Based Payment Arrangement Vesting Or Exercise Of Options Tax Benefit
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CY2023 us-gaap Income Loss Attributable To Parent
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CY2023 us-gaap Deferred State And Local Income Tax Expense Benefit
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CY2023 us-gaap Deferred Income Tax Expense Benefit
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CY2022 us-gaap Deferred Income Tax Expense Benefit
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CY2023 us-gaap Effective Income Tax Rate Reconciliation At Federal Statutory Income Tax Rate
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CY2021 us-gaap Effective Income Tax Rate Reconciliation At Federal Statutory Income Tax Rate
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CY2023 pypl Effective Income Tax Rate Reconciliation Domestic Income Tax Rate Differential Percent
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CY2021 pypl Effective Income Tax Rate Reconciliation Domestic Income Tax Rate Differential Percent
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CY2023 us-gaap Effective Income Tax Rate Reconciliation State And Local Income Taxes
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CY2022 us-gaap Effective Income Tax Rate Reconciliation State And Local Income Taxes
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CY2023 us-gaap Effective Income Tax Rate Reconciliation Foreign Income Tax Rate Differential
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CY2022 us-gaap Effective Income Tax Rate Reconciliation Foreign Income Tax Rate Differential
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CY2021 us-gaap Effective Income Tax Rate Reconciliation Foreign Income Tax Rate Differential
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CY2023 us-gaap Effective Income Tax Rate Reconciliation Nondeductible Expense Share Based Compensation Cost
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CY2022 us-gaap Effective Income Tax Rate Reconciliation Nondeductible Expense Share Based Compensation Cost
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CY2021 us-gaap Effective Income Tax Rate Reconciliation Nondeductible Expense Share Based Compensation Cost
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CY2023 us-gaap Effective Income Tax Rate Reconciliation Tax Credits
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CY2022 us-gaap Effective Income Tax Rate Reconciliation Tax Credits
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CY2021 us-gaap Effective Income Tax Rate Reconciliation Tax Credits
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CY2023 us-gaap Effective Income Tax Rate Reconciliation Change In Deferred Tax Assets Valuation Allowance
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CY2022 us-gaap Effective Income Tax Rate Reconciliation Change In Deferred Tax Assets Valuation Allowance
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CY2021 us-gaap Effective Income Tax Rate Reconciliation Change In Deferred Tax Assets Valuation Allowance
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CY2023 pypl Effective Income Tax Rate Reconciliation Intercompany Transfer Of Intangible Assets
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CY2022 pypl Effective Income Tax Rate Reconciliation Intercompany Transfer Of Intangible Assets
EffectiveIncomeTaxRateReconciliationIntercompanyTransferOfIntangibleAssets
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CY2021 pypl Effective Income Tax Rate Reconciliation Intercompany Transfer Of Intangible Assets
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CY2023 us-gaap Effective Income Tax Rate Reconciliation Other Adjustments
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