← PayPal Holdings, Inc.

	FY 2016	FY 2017	FY 2018	FY 2019	FY 2020	FY 2021	FY 2022	FY 2023	FY 2024	FY 2025
Total Revenue	$10.8b	$13.1b	$15.5b	$17.8b	$21.5b	$25.4b	$27.5b	$29.8b	$31.8b	$33.2b
Operating Expenses	$9.3b	$11.0b	$13.3b	$15.1b	$18.2b	$21.1b	$23.7b	$24.7b	$26.5b	$27.1b
Total operating expenses	$9.3b	$11.0b	$13.3b	$15.1b	$18.2b	$21.1b	$23.7b	$24.7b	$26.5b	$27.1b
Operating Income (Loss)	$1.6b	$2.1b	$2.2b	$2.7b	$3.3b	$4.3b	$3.8b	$5.0b	$5.3b	$6.1b
Additional Financial Items
Amortization of Intangible Assets	$150.0m	$126.0m	$149.0m	$211.0m	$451.0m	$443.0m	$471.0m	$226.0m	$207.0m	$175.0m
Basic (in shares)	$1.2b	$1.2b	$1.2b	$1.2b	$1.2b	$1.2b	$1.2b	$1.1b	$1.0b	$959.0m
Capitalized Computer Software, Amortization	—	$262.0m	$262.0m	$298.0m	$322.0m	—	—	—	—	—
Customer support and operations	$1.3b	$1.4b	$1.5b	$1.6b	$1.8b	$2.1b	$2.1b	$1.9b	$1.8b	$1.7b
Diluted (in shares)	$1.2b	$1.2b	$1.2b	$1.2b	$1.2b	$1.2b	$1.2b	$1.1b	$1.0b	$968.0m
Equity Securities without Readily Determinable Fair Value, Impairment Loss, Annual Amount	—	—	($5.0m)	$0	$22.0m	$0	$104.0m	—	—	—
Gain (Loss) on Investments	—	—	—	$208.0m	$1.9b	$46.0m	($304.0m)	$201.0m	($285.0m)	$162.0m
General and administrative	$1.0b	$1.2b	$1.5b	$1.7b	$2.1b	$2.1b	$2.1b	$2.1b	$2.1b	$2.0b
Income (Loss) Attributable to Parent, before Tax	$1.6b	$2.2b	$2.4b	$3.0b	$5.1b	$4.1b	$3.4b	$5.4b	$5.3b	$6.3b
Income (Loss) from Continuing Operations before Income Taxes, Domestic	($342.0m)	($593.0m)	($474.0m)	$8.0m	$1.5b	$290.0m	($155.0m)	$993.0m	$946.0m	$1.5b
Restructuring and other	—	—	—	—	—	$62.0m	$207.0m	($84.0m)	$438.0m	$331.0m
Sales and marketing	$969.0m	$1.1b	$1.3b	$1.4b	$1.9b	$2.4b	$2.3b	$1.8b	$2.0b	$2.3b
Technology and development	—	$1.7b	$1.8b	$2.1b	$2.6b	$3.0b	$3.3b	$3.0b	$3.0b	$3.1b
Transaction and credit losses	—	—	$1.3b	$1.4b	$1.7b	$1.1b	$1.6b	$1.7b	$1.4b	$1.7b
Income (Loss) from Continuing Operations before Income Taxes, Noncontrolling Interest	$1.6b	$2.2b	$2.4b	$3.0b	$5.1b	$4.1b	$3.4b	$5.4b	$5.3b	$6.3b
Income before income taxes	$1.6b	$2.2b	$2.4b	$3.0b	$5.1b	$4.1b	$3.4b	$5.4b	$5.3b	$6.3b
Net Income (Loss) Attributable to Parent	$1.4b	$1.8b	$2.1b	$2.5b	$4.2b	$4.2b	$2.4b	$4.2b	$4.1b	$5.2b
Common Stock, Dividends, Per Share, Declared	$1.16	$1.49	$1.74	$2.09	$3.58	$3.55	$2.10	$3.85	$4.03	$0.14
Earnings Per Share, Basic	$1.16	$1.49	$1.74	$2.09	$3.58	$3.55	$2.10	$3.85	$4.03	$5.46
Earnings Per Share, Diluted	$1.15	$1.47	$1.71	$2.07	$3.54	$3.52	$2.09	$3.84	$3.99	$5.41
Weighted Average Number of Shares Outstanding, Basic	1.2b	1.2b	1.2b	1.2b	1.2b	1.2b	1.2b	1.1b	1.0b	959.0m
Weighted Average Number of Shares Outstanding, Diluted	1.2b	1.2b	1.2b	1.2b	1.2b	1.2b	1.2b	1.1b	1.0b	968.0m
Other income (expense):
Current Income Tax Expense (Benefit)	$178.0m	$1.7b	$490.0m	$808.0m	$698.0m	$412.0m	$1.8b	$1.8b	$951.0m	$842.0m
General and Administrative Expense	$1.0b	$1.2b	$1.5b	$1.7b	$2.1b	$2.1b	$2.1b	$2.1b	$2.1b	$2.0b
Income tax expense	$230.0m	$405.0m	$319.0m	$539.0m	$863.0m	($70.0m)	$947.0m	$1.2b	$1.2b	$1.1b
Interest Expense	—	—	$77.0m	$115.0m	$209.0m	$232.0m	$304.0m	$347.0m	—	—
Interest Expense (non-operating)	—	—	—	—	—	—	—	—	$382.0m	$441.0m
Operating Lease, Expense	—	—	—	$130.0m	$172.0m	$192.0m	$202.0m	$183.0m	—	—
Other Cost and Expense, Operating	—	$132.0m	$309.0m	$71.0m	$139.0m	—	—	—	—	—
Other Nonoperating Income (Expense)	—	—	$91.0m	($11.0m)	($17.0m)	($34.0m)	($37.0m)	$49.0m	$9.0m	($11.0m)
Other income (expense), net	$45.0m	$73.0m	$182.0m	$279.0m	$1.8b	($163.0m)	($471.0m)	$383.0m	$4.0m	$227.0m
Research and Development Expense	$834.0m	$953.0m	$1.1b	—	—	—	—	—	—	—
Selling and Marketing Expense	$969.0m	$1.1b	$1.3b	$1.4b	$1.9b	$2.4b	$2.3b	$1.8b	$2.0b	$2.3b
Transaction expense	$3.3b	$4.4b	$5.6b	$6.8b	$7.9b	$10.3b	$12.2b	$14.4b	$15.7b	$16.0b
Income Tax Expense (Benefit)	$230.0m	$405.0m	$319.0m	$539.0m	$863.0m	($70.0m)	$947.0m	$1.2b	$1.2b	$1.1b
Nonoperating Income (Expense)	$45.0m	$73.0m	$182.0m	$279.0m	$1.8b	($163.0m)	($471.0m)	$383.0m	$4.0m	$227.0m

Values abbreviated: b = billions, m = millions, k = thousands. Per share data in USD.