8-KEarnings & ResultsExhibits & Filings

PayPal Holdings, Inc. 8-K Report, Financial Results (Apr 27, 2016)

Filed April 27, 2016For Securities:PYPL

Summary

This 8-K filing from PayPal Holdings, Inc. (PYPL) on April 27, 2016, primarily announces the company's financial results for the first quarter ended March 31, 2016. The report highlights the company's performance using both GAAP and non-GAAP financial measures, with a particular emphasis on non-GAAP pro forma measures. These pro forma adjustments are designed to provide a clearer view of ongoing operational performance by isolating the impact of PayPal's separation from eBay Inc. on July 17, 2015, and are intended to facilitate year-over-year comparisons. Investors should note that the company has provided detailed reconciliations for these non-GAAP measures in the attached press release (Exhibit 99.1). This filing underscores PayPal's focus on presenting a transparent financial picture to investors, especially as it operates as an independent entity. The report also includes forward-looking statements, reminding investors to consult the company's other SEC filings for a more comprehensive understanding of potential risks and operational factors.

Key Highlights

  • 1Announcement of Q1 2016 financial results for PayPal Holdings, Inc.
  • 2Presentation of financial results includes both GAAP and non-GAAP measures.
  • 3Emphasis on non-GAAP pro forma measures to reflect post-eBay separation performance.
  • 4Pro forma adjustments aim to provide a consistent basis for year-over-year comparisons.
  • 5Detailed reconciliations of non-GAAP to GAAP measures are provided in the attached press release.
  • 6Filing includes forward-looking statements regarding future performance.
  • 7Information furnished as part of the 8-K, not deemed 'filed' for certain purposes of SEC regulations.

Frequently Asked Questions

The primary purpose of this 8-K filing is to announce PayPal Holdings, Inc.'s financial results for the first quarter ended March 31, 2016, and to furnish a press release containing these results.

PayPal uses non-GAAP pro forma measures to provide investors with a clearer and more comparable view of its ongoing operational performance. These measures adjust for the impact of PayPal's separation from eBay Inc. on July 17, 2015, helping to facilitate year-over-year comparisons of financial results.

The attached press release (Exhibit 99.1) contains detailed reconciliations of the non-GAAP financial measures (including non-GAAP net income, earnings per diluted share, operating margin, and effective tax rate) to the most directly comparable GAAP measures. This information can be found within sections titled 'Non-GAAP Measures of Financial Performance' and various reconciliation tables.

Yes, the attached press release includes forward-looking statements related to the company's future performance. However, investors are advised not to place undue reliance on these statements, as they are based on information available as of April 27, 2016, and are subject to risks and uncertainties detailed in other SEC filings.