8-KEarnings & ResultsExhibits & Filings

PayPal Holdings, Inc. 8-K Report, Financial Results (Oct 28, 2015)

Filed October 28, 2015For Securities:PYPL

Summary

This 8-K filing from PayPal Holdings, Inc., dated October 28, 2015, announces the company's financial results for the third quarter ended September 30, 2015. Key to this report is the company's presentation of non-GAAP financial measures, including pro forma adjustments, to provide a clearer view of performance following its separation from eBay Inc. on July 17, 2015. These pro forma measures are intended to offer investors a consistent basis for comparing operating results across periods, reflecting the ongoing impact of the separation. Investors should note that while these non-GAAP figures aim to enhance comparability, they are not prepared under GAAP and may differ from measures used by other companies. The filing directs readers to a detailed press release (Exhibit 99.1) for comprehensive explanations, reconciliations to GAAP measures, and forward-looking statements. This report serves as a mechanism to provide timely financial updates and regulatory disclosures post-separation.

Key Highlights

  • 1Announcement of Q3 2015 financial results for PayPal Holdings, Inc.
  • 2Emphasis on non-GAAP financial measures and pro forma adjustments for performance comparability.
  • 3Pro forma measures are designed to reflect the impact of the separation from eBay Inc. on July 17, 2015.
  • 4Inclusion of non-GAAP net income, earnings per diluted share, operating margin, and free cash flow.
  • 5The company believes pro forma measures offer a consistent basis for reviewing performance across periods.
  • 6The press release (Exhibit 99.1) contains detailed financial information, reconciliations to GAAP, and forward-looking statements.
  • 7Information furnished is not deemed 'filed' for Section 18 purposes and requires careful review of reconciliations to GAAP.

Frequently Asked Questions

The primary purpose of this 8-K filing is to announce PayPal Holdings, Inc.'s financial results for the third quarter ended September 30, 2015, and to provide related information, primarily through an attached press release.

PayPal is presenting non-GAAP and pro forma financial measures to provide investors with a more consistent and comparable view of its operating performance, particularly following its separation from eBay Inc. These measures aim to isolate the ongoing business performance by adjusting for items related to the separation that are expected to have a continuing impact.

The detailed financial results, including explanations of non-GAAP measures and reconciliations to the most directly comparable GAAP measures, are available in the press release attached as Exhibit 99.1 to this 8-K filing. The filing also directs investors to review these reconciliations carefully.

No, the information furnished in this report, specifically the financial results, is being furnished and is not deemed 'filed' for the purposes of Section 18 of the Securities Exchange Act of 1934. It should not be incorporated into other SEC filings unless expressly stated.