Income Statement

The income statement presents information on the financial results of a company business activities over a period of time. The income statement communicates how much revenue the company generated during a period and what cost it incurred in connection with generating that revenue.

PayPal Holdings Inc., consolidated income statement

US$ in millions

12 months ended:	Dec 31, 2022	Dec 31, 2021	Dec 31, 2020	Dec 31, 2019	Dec 31, 2018
Net revenues	27,518)	25,371)	21,454)	17,772)	15,451)
Transaction expense	(12,173)	(10,315)	(7,934)	(6,790)	(5,581)
Transaction and credit losses	(1,572)	(1,060)	(1,741)	(1,380)	(1,274)
Customer support and operations	(2,120)	(2,075)	(1,778)	(1,615)	(1,407)
Sales and marketing	(2,257)	(2,445)	(1,861)	(1,401)	(1,314)
Technology and development	(3,253)	(3,038)	(2,642)	(2,085)	(1,831)
General and administrative	(2,099)	(2,114)	(2,070)	(1,711)	(1,541)
Restructuring and other charges	(207)	(62)	(139)	(71)	(309)
Operating expenses	(23,681)	(21,109)	(18,165)	(15,053)	(13,257)
Operating income	3,837)	4,262)	3,289)	2,719)	2,194)
Interest income	174)	57)	88)	197)	168)
Interest expense	(304)	(232)	(209)	(115)	(77)
Net gains (losses) on strategic investments	(304)	46)	1,914)	208)	87)
Other	(37)	(34)	(17)	(11)	4)
Other income (expense), net	(471)	(163)	1,776)	279)	182)
Income before income taxes	3,366)	4,099)	5,065)	2,998)	2,376)
Income tax (expense) benefit	(947)	70)	(863)	(539)	(319)
Net income	2,419)	4,169)	4,202)	2,459)	2,057)

Based on: 10-K (reporting date: 2022-12-31), 10-K (reporting date: 2021-12-31), 10-K (reporting date: 2020-12-31), 10-K (reporting date: 2019-12-31), 10-K (reporting date: 2018-12-31).

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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 2020 to 2021 and from 2021 to 2022.
Operating income	The net result for the period of deducting operating expenses from operating revenues.	PayPal Holdings Inc. operating income increased from 2020 to 2021 but then slightly decreased from 2021 to 2022.
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 decreased from 2020 to 2021 and from 2021 to 2022.
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 decreased from 2020 to 2021 and from 2021 to 2022.

PayPal Holdings Inc. (NASDAQ:PYPL)

Income Statement