PayPal Holdings, Inc. (NASDAQ:PYPL) Files An 8-K Results of Operations and Financial Condition

The information in Item 2.02 of this Current Report is being furnished and shall not be deemed “filed” for the purposes of Section 18 of the Securities Exchange Act of 1934, as amended (the “Exchange Act”), or otherwise subject to the liabilities of Section 18. The information in Item 2.02 of this Current Report shall not be incorporated by reference into any registration statement or other document filed to the Securities Act of 1933, as amended, or the Exchange Act, regardless of any general incorporation language contained in such filing.

PayPal Holdings, Inc. (the “Company”) expects to report a pre-tax gain of $218 million ($170 million on an after-tax basis) on the Company’s strategic investments in the quarter ended June 30, 2019. The associated impact on earnings per diluted share for the quarter ended June 30, 2019 is estimated to be a positive $0.14 per share. As previously disclosed, the Company’s full year and second quarter 2019 non-GAAP earnings per diluted share guidance announced on April 24, 2019 included an estimated benefit of approximately $0.01 in the second quarter of 2019 from unrealized gains relating to strategic investments.

About PayPal Holdings, Inc. (NASDAQ:PYPL)

PayPal Holdings, Inc. (PayPal) is a technology platform company that enables digital and mobile payments on behalf of consumers and merchants across the world. The Company allows businesses of all sizes to accept payments from merchant Websites, mobile devices and applications, and at offline retail locations through a range of payment solutions. Its combined payment solution capabilities, including its PayPal, PayPal Credit, Braintree, Venmo and Xoom products, comprise its Payments Platform. It allows its customers to use their account to both purchase and be paid for goods, as well as transfer and withdraw funds. A consumer can typically fund a purchase using a bank account, a PayPal account balance, a PayPal Credit account, a credit or debit card or other stored value products, such as coupons and gift cards. The PayPal, Venmo, and Xoom products allow friends and family to transfer funds to each other, including cross border transfers using several of these funding sources.