Stock Analysis on Net

PayPal Holdings Inc. (NASDAQ:PYPL)

Income Statement

PayPal Holdings Inc., consolidated income statement

US$ in millions

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12 months ended: Dec 31, 2020 Dec 31, 2019 Dec 31, 2018 Dec 31, 2017 Dec 31, 2016
Net revenues 21,454  17,772  15,451  13,094  10,842 
Transaction expense (7,934) (6,790) (5,581) (4,419) (3,346)
Transaction and credit losses (1,741) (1,380) (1,274) (1,011) (1,088)
Customer support and operations (1,778) (1,615) (1,407) (1,265) (1,267)
Cost of revenues (11,453) (9,785) (8,262) (6,695) (5,701)
Gross profit 10,001  7,987  7,189  6,399  5,141 
Sales and marketing (1,861) (1,401) (1,314) (1,142) (969)
Technology and development (2,642) (2,085) (1,831) (1,740) (834)
General and administrative (2,070) (1,711) (1,541) (1,258) (1,028)
Depreciation and amortization —  —  —  —  (724)
Restructuring and other charges (139) (71) (309) (132) — 
Operating income 3,289  2,719  2,194  2,127  1,586 
Interest income 88  197  168  85  59 
Interest expense (209) (115) (77) (7) (3)
Net gains on strategic investments 1,914  208  87  —  — 
Other (17) (11) (5) (11)
Other income (expense), net 1,776  279  182  73  45 
Income before income taxes 5,065  2,998  2,376  2,200  1,631 
Income tax expense (863) (539) (319) (405) (230)
Net income 4,202  2,459  2,057  1,795  1,401 

Based on: 10-K (reporting date: 2020-12-31), 10-K (reporting date: 2019-12-31), 10-K (reporting date: 2018-12-31), 10-K (reporting date: 2017-12-31), 10-K (reporting date: 2016-12-31).

Income statement item Description The company
Net revenues Amount, including tax collected from customer, of revenue from satisfaction of performance obligation by transferring promised good or service to customer. Tax collected from customer is tax assessed by governmental authority that is both imposed on and concurrent with specific revenue-producing transaction, including, but not limited to, sales, use, value-added and excise. PayPal Holdings Inc. net revenues increased from 2018 to 2019 and from 2019 to 2020.
Operating income The net result for the period of deducting operating expenses from operating revenues. PayPal Holdings Inc. operating income increased from 2018 to 2019 and from 2019 to 2020.
Income before income taxes Amount of income (loss) from continuing operations, including income (loss) from equity method investments, before deduction of income tax expense (benefit), and income (loss) attributable to noncontrolling interest. PayPal Holdings Inc. income before income taxes increased from 2018 to 2019 and from 2019 to 2020.
Net income The portion of profit or loss for the period, net of income taxes, which is attributable to the parent. PayPal Holdings Inc. net income increased from 2018 to 2019 and from 2019 to 2020.