PayPal (PYPL) 10-Q 29 Oct 24 2024 Q3 Quarterly report Financial data

Cover Page

Cover Page - shares	9 Months Ended
	Sep. 30, 2024	Oct. 23, 2024
Cover [Abstract]
Document Type	10-Q
Document Quarterly Report	true
Document Period End Date	Sep. 30, 2024
Document Transition Report	false
Entity File Number	001-36859
Entity Registrant Name	PayPal Holdings, Inc.
Entity Incorporation, State or Country Code	DE
Entity Tax Identification Number	47-2989869
Entity Address, Address Line One	2211 North First Street
Entity Address, City or Town	San Jose,
Entity Address, State or Province	CA
Entity Address, Postal Zip Code	95131
City Area Code	408
Local Phone Number	967-7000
Title of 12(b) Security	Common stock, $0.0001 par value per share
Entity Trading Symbol	PYPL
Security Exchange Name	NASDAQ
Entity Current Reporting Status	Yes
Entity Interactive Data Current	Yes
Entity Filer Category	Large Accelerated Filer
Entity Small Business	false
Entity Emerging Growth Company	false
Entity Shell Company	false
Entity Common Stock, Shares Outstanding (in shares)		1,002,538,828
Entity Central Index Key	0001633917
Current Fiscal Year End Date	--12-31
Document Fiscal Year Focus	2024
Document Fiscal Period Focus	Q3
Amendment Flag	false

CONDENSED CONSOLIDATED BALANCE

CONDENSED CONSOLIDATED BALANCE SHEETS - USD ($) $ in Millions	Sep. 30, 2024	Dec. 31, 2023
Current assets:
Cash and cash equivalents	$ 7,272	$ 9,081
Short-term investments	4,647	4,979
Accounts receivable, net	1,038	1,069
Loans and interest receivable, held for sale	471	563
Loans and interest receivable, net of allowances of $461 and $540 as of September 30, 2024 and December 31, 2023, respectively	6,003	5,433
Funds receivable and customer accounts	39,182	38,935
Prepaid expenses and other current assets	4,060	2,509
Total current assets	62,673	62,569
Long-term investments	4,282	3,273
Property and equipment, net	1,496	1,488
Goodwill	10,996	11,026
Intangible assets, net	393	537
Other assets	3,671	3,273
Total assets	83,511	82,166
Current liabilities:
Accounts payable	165	139
Funds payable and amounts due to customers	41,182	41,935
Accrued expenses and other current liabilities	8,921	6,392
Total current liabilities	50,268	48,466
Other long-term liabilities	3,093	2,973
Long-term debt	9,976	9,676
Total liabilities	63,337	61,115
Commitments and contingencies (Note 13)
Equity:
Common stock, $0.0001 par value; 4,000 shares authorized; 1,006 and 1,072 shares outstanding as of September 30, 2024 and December 31, 2023, respectively	0	0
Preferred stock, $0.0001 par value; 100 shares authorized, unissued	0	0
Treasury stock at cost, 322 and 245 shares as of September 30, 2024 and December 31, 2023, respectively	(25,851)	(21,045)
Additional paid-in-capital	20,426	19,642
Retained earnings	26,226	23,200
Accumulated other comprehensive income (loss)	(627)	(746)
Total equity	20,174	21,051
Total liabilities and equity	$ 83,511	$ 82,166

CONDENSED CONSOLIDATED BALANC_2

CONDENSED CONSOLIDATED BALANCE SHEETS (Parenthetical) - USD ($) shares in Millions, $ in Millions	Sep. 30, 2024	Dec. 31, 2023
Statement of Financial Position [Abstract]
Loans and interest receivable, allowances	$ 461	$ 540
Common stock, par value (in dollars per share)	$ 0.0001	$ 0.0001
Common stock, shares authorized (in shares)	4,000	4,000
Common stock, shares outstanding (in shares)	1,006	1,072
Preferred stock, par value (in dollars per share)	$ 0.0001	$ 0.0001
Preferred stock, shares authorized (in shares)	100	100
Treasury stock, shares (in shares)	322	245

CONDENSED CONSOLIDATED STATEMEN

CONDENSED CONSOLIDATED STATEMENTS OF INCOME (LOSS) - USD ($) shares in Millions, $ in Millions	3 Months Ended		9 Months Ended
	Sep. 30, 2024	Sep. 30, 2023	Sep. 30, 2024	Sep. 30, 2023
Income Statement [Abstract]
Net revenues	$ 7,847	$ 7,418	$ 23,431	$ 21,745
Operating expenses:
Transaction expense	3,841	3,603	11,700	10,427
Transaction and credit losses	352	446	1,008	1,286
Customer support and operations	427	474	1,317	1,454
Sales and marketing	508	442	1,375	1,343
Technology and development	746	739	2,206	2,203
General and administrative	519	507	1,553	1,505
Restructuring and other	63	39	388	227
Total operating expenses	6,456	6,250	19,547	18,445
Operating income	1,391	1,168	3,884	3,300
Other income (expense), net	(80)	73	35	318
Income before income taxes	1,311	1,241	3,919	3,618
Income tax expense	301	221	893	774
Net income (loss)	$ 1,010	$ 1,020	$ 3,026	$ 2,844
Net income (loss) per share:
Basic (in dollars per share)	$ 1	$ 0.93	$ 2.91	$ 2.56
Diluted (in dollars per share)	$ 0.99	$ 0.93	$ 2.89	$ 2.55
Weighted average shares:
Basic (in shares)	1,015	1,094	1,040	1,111
Diluted (in shares)	1,024	1,098	1,048	1,115

CONDENSED CONSOLIDATED STATEM_2

CONDENSED CONSOLIDATED STATEMENTS OF COMPREHENSIVE INCOME (LOSS) - USD ($) $ in Millions	3 Months Ended		9 Months Ended
	Sep. 30, 2024	Sep. 30, 2023	Sep. 30, 2024	Sep. 30, 2023
Statement of Comprehensive Income [Abstract]
Net income (loss)	$ 1,010	$ 1,020	$ 3,026	$ 2,844
Other comprehensive income (loss), net of reclassification adjustments:
Foreign currency translation adjustments (“CTA”)	275	(70)	7	(306)
Net investment hedges CTA (losses) gains, net	(149)	35	50	231
Tax benefit (expense) on net investment hedges CTA (losses) gains, net	35	(8)	(12)	(53)
Unrealized (losses) gains on cash flow hedges, net	(148)	109	(49)	(25)
Tax benefit (expense) on unrealized (losses) gains on cash flow hedges, net	7	(6)	2	1
Unrealized gains on available-for-sale debt securities, net	60	110	158	298
Tax expense on unrealized gains on available-for-sale debt securities, net	(14)	(26)	(37)	(70)
Other comprehensive income (loss), net of tax	66	144	119	76
Comprehensive income (loss)	$ 1,076	$ 1,164	$ 3,145	$ 2,920

CONDENSED CONSOLIDATED STATEM_3

CONDENSED CONSOLIDATED STATEMENTS OF STOCKHOLDERS’ EQUITY - USD ($) shares in Millions, $ in Millions	Total	Common Stock Shares	Treasury Stock	Additional Paid-In Capital	Accumulated Other Comprehensive Income (Loss)	Retained Earnings
Beginning balance (in shares) at Dec. 31, 2022		1,136
Beginning balance at Dec. 31, 2022	$ 20,274		$ (16,079)	$ 18,327	$ (928)	$ 18,954
Increase (Decrease) in Stockholders' Equity
Net income	795					795
Foreign CTA	(20)				(20)
Net investment hedges CTA (losses) gains, net	27				27
Tax expense on net investment hedges CTA gains, net	(6)				(6)
Unrealized gains (losses) on cash flow hedges, net	(111)				(111)
Tax expense (benefit) on unrealized gains (losses) on cash flow hedges, net	6				6
Unrealized gains on available-for-sale debt securities, net	175				175
Tax expense on unrealized gains on available-for-sale-debt securities, net	(41)				(41)
Common stock and stock-based awards issued, net of shares withheld for employee taxes (in shares)		5
Common stock and stock-based awards issued, net of shares withheld for employee taxes	(157)			(157)
Common stock repurchased (in shares)		(19)
Common stock repurchased	(1,443)		(1,443)
Stock-based compensation	359			359
Ending balance (in shares) at Mar. 31, 2023		1,122
Ending balance at Mar. 31, 2023	19,858		(17,522)	18,529	(898)	19,749
Beginning balance (in shares) at Dec. 31, 2022		1,136
Beginning balance at Dec. 31, 2022	20,274		(16,079)	18,327	(928)	18,954
Increase (Decrease) in Stockholders' Equity
Net income	2,844
Foreign CTA	(306)
Net investment hedges CTA (losses) gains, net	231
Tax expense on net investment hedges CTA gains, net	(53)
Unrealized gains (losses) on cash flow hedges, net	(25)
Tax expense (benefit) on unrealized gains (losses) on cash flow hedges, net	1
Unrealized gains on available-for-sale debt securities, net	298
Tax expense on unrealized gains on available-for-sale-debt securities, net	(70)
Ending balance (in shares) at Sep. 30, 2023		1,080
Ending balance at Sep. 30, 2023	19,740		(20,513)	19,307	(852)	21,798
Beginning balance (in shares) at Mar. 31, 2023		1,122
Beginning balance at Mar. 31, 2023	19,858		(17,522)	18,529	(898)	19,749
Increase (Decrease) in Stockholders' Equity
Net income	1,029					1,029
Foreign CTA	(216)				(216)
Net investment hedges CTA (losses) gains, net	169				169
Tax expense on net investment hedges CTA gains, net	(39)				(39)
Unrealized gains (losses) on cash flow hedges, net	(23)				(23)
Tax expense (benefit) on unrealized gains (losses) on cash flow hedges, net	1				1
Unrealized gains on available-for-sale debt securities, net	13				13
Tax expense on unrealized gains on available-for-sale-debt securities, net	(3)				(3)
Common stock and stock-based awards issued, net of shares withheld for employee taxes (in shares)		2
Common stock and stock-based awards issued, net of shares withheld for employee taxes	39			39
Common stock repurchased (in shares)		(22)
Common stock repurchased	(1,542)		(1,542)
Stock-based compensation	375			375
Ending balance (in shares) at Jun. 30, 2023		1,102
Ending balance at Jun. 30, 2023	19,661		(19,064)	18,943	(996)	20,778
Increase (Decrease) in Stockholders' Equity
Net income	1,020					1,020
Foreign CTA	(70)				(70)
Net investment hedges CTA (losses) gains, net	35				35
Tax expense on net investment hedges CTA gains, net	(8)				(8)
Unrealized gains (losses) on cash flow hedges, net	109				109
Tax expense (benefit) on unrealized gains (losses) on cash flow hedges, net	(6)				(6)
Unrealized gains on available-for-sale debt securities, net	110				110
Tax expense on unrealized gains on available-for-sale-debt securities, net	(26)				(26)
Common stock and stock-based awards issued, net of shares withheld for employee taxes (in shares)		1
Common stock and stock-based awards issued, net of shares withheld for employee taxes	(28)			(28)
Common stock repurchased (in shares)		(23)
Common stock repurchased	(1,449)		(1,449)
Stock-based compensation	392			392
Ending balance (in shares) at Sep. 30, 2023		1,080
Ending balance at Sep. 30, 2023	$ 19,740		(20,513)	19,307	(852)	21,798
Beginning balance (in shares) at Dec. 31, 2023	1,072	1,072
Beginning balance at Dec. 31, 2023	$ 21,051		(21,045)	19,642	(746)	23,200
Increase (Decrease) in Stockholders' Equity
Net income	888					888
Foreign CTA	(143)				(143)
Net investment hedges CTA (losses) gains, net	99				99
Tax expense on net investment hedges CTA gains, net	(23)				(23)
Unrealized gains (losses) on cash flow hedges, net	96				96
Tax expense (benefit) on unrealized gains (losses) on cash flow hedges, net	(5)				(5)
Unrealized gains on available-for-sale debt securities, net	83				83
Tax expense on unrealized gains on available-for-sale-debt securities, net	(20)				(20)
Common stock and stock-based awards issued, net of shares withheld for employee taxes (in shares)		6
Common stock and stock-based awards issued, net of shares withheld for employee taxes	(193)			(193)
Common stock repurchased (in shares)		(25)
Common stock repurchased	(1,511)		(1,511)
Treasury stock reissuance	4		4
Stock-based compensation	376			376
Ending balance (in shares) at Mar. 31, 2024		1,053
Ending balance at Mar. 31, 2024	$ 20,702		(22,552)	19,825	(659)	24,088
Beginning balance (in shares) at Dec. 31, 2023	1,072	1,072
Beginning balance at Dec. 31, 2023	$ 21,051		(21,045)	19,642	(746)	23,200
Increase (Decrease) in Stockholders' Equity
Net income	3,026
Foreign CTA	7
Net investment hedges CTA (losses) gains, net	50
Tax expense on net investment hedges CTA gains, net	(12)
Unrealized gains (losses) on cash flow hedges, net	(49)
Tax expense (benefit) on unrealized gains (losses) on cash flow hedges, net	2
Unrealized gains on available-for-sale debt securities, net	158
Tax expense on unrealized gains on available-for-sale-debt securities, net	$ (37)
Ending balance (in shares) at Sep. 30, 2024	1,006	1,006
Ending balance at Sep. 30, 2024	$ 20,174		(25,851)	20,426	(627)	26,226
Beginning balance (in shares) at Mar. 31, 2024		1,053
Beginning balance at Mar. 31, 2024	20,702		(22,552)	19,825	(659)	24,088
Increase (Decrease) in Stockholders' Equity
Net income	1,128					1,128
Foreign CTA	(125)				(125)
Net investment hedges CTA (losses) gains, net	100				100
Tax expense on net investment hedges CTA gains, net	(24)				(24)
Unrealized gains (losses) on cash flow hedges, net	3				3
Unrealized gains on available-for-sale debt securities, net	15				15
Tax expense on unrealized gains on available-for-sale-debt securities, net	(3)				(3)
Common stock and stock-based awards issued, net of shares withheld for employee taxes (in shares)		3
Common stock and stock-based awards issued, net of shares withheld for employee taxes	13			13
Common stock repurchased (in shares)		(24)
Common stock repurchased	(1,516)		(1,516)
Treasury stock reissuance	4		4
Stock-based compensation	325			325
Ending balance (in shares) at Jun. 30, 2024		1,032
Ending balance at Jun. 30, 2024	20,622		(24,064)	20,163	(693)	25,216
Increase (Decrease) in Stockholders' Equity
Net income	1,010					1,010
Foreign CTA	275				275
Net investment hedges CTA (losses) gains, net	(149)				(149)
Tax expense on net investment hedges CTA gains, net	35				35
Unrealized gains (losses) on cash flow hedges, net	(148)				(148)
Tax expense (benefit) on unrealized gains (losses) on cash flow hedges, net	7				7
Unrealized gains on available-for-sale debt securities, net	60				60
Tax expense on unrealized gains on available-for-sale-debt securities, net	(14)				(14)
Common stock and stock-based awards issued, net of shares withheld for employee taxes (in shares)		2
Common stock and stock-based awards issued, net of shares withheld for employee taxes	(47)			(47)
Common stock repurchased (in shares)		(28)
Common stock repurchased	(1,791)		(1,791)
Treasury stock reissuance	4		4
Stock-based compensation	$ 310			310
Ending balance (in shares) at Sep. 30, 2024	1,006	1,006
Ending balance at Sep. 30, 2024	$ 20,174		$ (25,851)	$ 20,426	$ (627)	$ 26,226

CONDENSED CONSOLIDATED STATEM_4

CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS - USD ($) $ in Millions	9 Months Ended
	Sep. 30, 2024	Sep. 30, 2023
Cash flows from operating activities:
Net income (loss)	$ 3,026	$ 2,844
Adjustments to reconcile net income (loss) to net cash provided by operating activities:
Transaction and credit losses	1,008	1,286
Depreciation and amortization	783	809
Stock-based compensation	947	1,087
Deferred income taxes	8	(439)
Net (gains) losses on strategic investments	226	(205)
Accretion of discounts on investments, net of amortization of premiums	(290)	(265)
Adjustments to loans and interest receivable, held for sale	92	49
Other	(138)	(2)
Originations of loans receivable, held for sale	(17,173)	(5,705)
Proceeds from repayments and sales of loans receivable, originally classified as held for sale	17,159	3,676
Changes in assets and liabilities:
Accounts receivable	31	(35)
Accounts payable	24	(6)
Other assets and liabilities	(647)	(865)
Net cash provided by operating activities	5,056	2,229
Cash flows from investing activities:
Purchases of reverse repurchase agreements	(299)	0
Maturities of reverse repurchase agreements	226	0
Purchases of property and equipment	(480)	(478)
Proceeds from sales of property and equipment	0	44
Purchases and originations of loans receivable	(15,374)	(19,802)
Proceeds from repayments and sales of loans receivable, originally classified as held for investment	14,705	21,319
Purchases of investments	(20,819)	(14,975)
Maturities and sales of investments	21,179	16,110
Funds receivable	152	(1,016)
Collateral posted related to derivative instruments, net	(58)	8
Other	(100)	76
Net cash (used in) provided by investing activities	(868)	1,286
Cash flows from financing activities:
Borrowings from repurchase agreements	656	0
Repayments of repurchase agreements	(656)	0
Proceeds from issuance of common stock	55	82
Purchases of treasury stock	(4,778)	(4,395)
Tax withholdings related to net share settlements of equity awards	(271)	(225)
Borrowings under financing arrangements	1,546	829
Repayments under financing arrangements	(411)	(942)
Funds payable and amounts due to customers	(771)	(1,277)
Collateral received related to derivative instruments and reverse repurchase agreements, net	(1)	(65)
Other	(60)	0
Net cash used in financing activities	(4,691)	(5,993)
Effect of exchange rate changes on cash, cash equivalents, and restricted cash	103	(95)
Net change in cash, cash equivalents, and restricted cash	(400)	(2,573)
Cash, cash equivalents, and restricted cash at beginning of period	21,834	19,156
Cash, cash equivalents, and restricted cash at end of period	21,434	16,583
Supplemental cash flow disclosures:
Cash paid for interest	168	167
Cash paid for income taxes, net	$ 975	$ 1,058

CONDENSED CONSOLIDATED STATEM_5

CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS (Parenthetical) - USD ($) $ in Millions	Sep. 30, 2024	Sep. 30, 2023
The table below reconciles cash, cash equivalents, and restricted cash as reported in the condensed consolidated balance sheets to the total of the same amounts shown in the condensed consolidated statements of cash flows:
Cash and cash equivalents	$ 7,272	$ 6,816
Total cash, cash equivalents, and restricted cash shown in the condensed consolidated statements of cash flows	21,434	16,583
Short-term investments
The table below reconciles cash, cash equivalents, and restricted cash as reported in the condensed consolidated balance sheets to the total of the same amounts shown in the condensed consolidated statements of cash flows:
Restricted cash and cash equivalents	1	6
Funds receivable and customer accounts
The table below reconciles cash, cash equivalents, and restricted cash as reported in the condensed consolidated balance sheets to the total of the same amounts shown in the condensed consolidated statements of cash flows:
Restricted cash and cash equivalents	$ 14,161	$ 9,761

OVERVIEW AND SUMMARY OF SIGNIFI

OVERVIEW AND SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES	9 Months Ended
	Sep. 30, 2024
Organization, Consolidation and Presentation of Financial Statements [Abstract]
OVERVIEW AND SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES	OVERVIEW AND SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES OVERVIEW AND ORGANIZATION PayPal Holdings, Inc. (“PayPal,” the “Company,” “we,” “us,” or “our”) was incorporated in Delaware in January 2015 and is a leading technology platform that enables digital payments and personalizes commerce experiences on behalf of merchants and consumers worldwide. PayPal’s mission is to revolutionize commerce globally by creating innovative experiences that are designed to make moving money, selling, and shopping simple, personalized, and secure. We operate globally and in a rapidly evolving regulatory environment characterized by a heightened focus by regulators globally on all aspects of the payments industry, including countering terrorist financing, anti-money laundering, privacy, cybersecurity, and consumer protection. The laws and regulations applicable to us, including those enacted prior to the advent of digital payments, continue to evolve through legislative and regulatory action and judicial interpretation. New or changing laws and regulations, including changes to their interpretation and implementation, as well as increased penalties and enforcement actions related to non-compliance, could have a material adverse impact on our business, results of operations, and financial condition. We monitor these areas closely and are focused on designing compliant solutions for our customers. SIGNIFICANT ACCOUNTING POLICIES Basis of presentation and principles of consolidation The accompanying condensed consolidated financial statements include the financial statements of PayPal and our wholly- and majority-owned subsidiaries. All intercompany balances and transactions have been eliminated in consolidation. Investments in entities where we have the ability to exercise significant influence, but not control, over the investee are accounted for using the equity method of accounting. For such investments, our share of the investee’s results of operations is included in other income (expense), net on our condensed consolidated statements of income (loss). Investments in entities where we do not have the ability to exercise significant influence over the investee are accounted for at fair value or cost minus impairment, if any, adjusted for changes resulting from observable price changes, which are included in other income (expense), net on our condensed consolidated statements of income (loss). Our investment balances are included as short-term and long-term investments on our condensed consolidated balance sheets. We determine at the inception of each investment, and re-evaluate if certain events occur, whether an entity in which we have made an investment is considered a variable interest entity (“VIE”). If we determine an investment is in a VIE, we then assess if we are the primary beneficiary, which would require consolidation. As of September 30, 2024 and December 31, 2023, no VIEs qualified for consolidation as the structures of these entities do not provide us with the ability to direct activities that would significantly impact their economic performance. As of September 30, 2024 and December 31, 2023, the carrying value of our investments in nonconsolidated VIEs was $195 million and $175 million, respectively, and is included as non-marketable equity securities applying the equity method of accounting in long-term investments on our condensed consolidated balance sheets. The investments in nonconsolidated VIEs are primarily investments in funds that are limited partnerships or similar structures which are focused on increasing access to capital for underserved communities. Our maximum exposure to loss related to our nonconsolidated VIEs, which represents funded commitments and any future funding commitments, was $246 million as of September 30, 2024 and December 31, 2023. These condensed consolidated financial statements and accompanying notes should be read in conjunction with the audited consolidated financial statements and accompanying notes included in our Annual Report on Form 10-K for the year ended December 31, 2023 (the “2023 Form 10-K”) filed with the United States (“U.S.”) Securities and Exchange Commission (“SEC”) on February 8, 2024. In the opinion of management, these condensed consolidated financial statements reflect all adjustments, consisting only of normal recurring adjustments, which are necessary for a fair statement of the condensed consolidated financial statements for all interim periods presented. Certain amounts for prior periods have been reclassified to conform to the financial statement presentation as of and for the three and nine months ended September 30, 2024. Use of estimates The preparation of condensed consolidated financial statements in conformity with U.S. generally accepted accounting principles (“GAAP”) requires management to make estimates and assumptions that affect the reported amounts of assets and liabilities and disclosure of contingent assets and liabilities at the date of the condensed consolidated financial statements and the reported amounts of revenues and expenses during the reporting period. On an ongoing basis, we evaluate our estimates, including those related to provisions for transaction and credit losses, income taxes, loss contingencies, revenue recognition, and the evaluation of strategic investments for impairment. We base our estimates on historical experience and various other assumptions which we believe to be reasonable under the circumstances. Actual results could materially differ from these estimates. Recent accounting guidance In November 2023, the Financial Accounting Standards Board (“FASB”) issued Accounting Standards Update (“ASU”) 2023-07, Segment Reporting (Topic 280): Improvements to Reportable Segment Disclosures . The amended guidance requires incremental reportable segment disclosures, primarily about significant segment expenses. The amendments also require entities with a single reportable segment to provide all disclosures required by these amendments, as well as all existing segment disclosures. The amendments will be applied retrospectively to all prior periods presented in the financial statements and is effective for fiscal years beginning after December 15, 2023, and interim periods in fiscal years beginning after December 15, 2024, with early adoption permitted. We will adopt this guidance in the fourth quarter of 2024 and provide additional disclosures as required. In December 2023, the FASB issued ASU 2023-08, Intangibles – Goodwill and Other – Crypto Assets (Subtopic 350-60): Accounting for and Disclosure of Crypto Assets . This amended guidance requires fair value measurement of certain crypto assets each reporting period with the changes in fair value reflected in net income. The amendments also require disclosures of the name, fair value, units held, and cost basis for each significant crypto asset held and annual reconciliations of crypto asset holdings. The new guidance is effective for fiscal years, and interim periods within those fiscal years, beginning after December 15, 2024, with early adoption permitted. We are required to apply these amendments as a cumulative-effect adjustment to retained earnings as of the beginning of the fiscal year in which the guidance is adopted. Based on our current crypto asset holdings and fair value, the adoption of this guidance is not expected to have a material impact on our condensed consolidated financial statements. In December 2023, the FASB issued ASU 2023-09, Income Taxes (Topic 740): Improvements to Income Tax Disclosures . The amended guidance enhances income tax disclosures primarily related to the effective tax rate reconciliation and income taxes paid information. This guidance requires disclosure of specific categories in the effective tax rate reconciliation and additional information on reconciling items meeting a quantitative threshold. In addition, the amended guidance requires disaggregating income taxes paid (net of refunds received) by federal, state, and foreign taxes. It also requires disaggregating individual jurisdictions in which income taxes paid (net of refunds received) is equal to or greater than 5 percent of total income taxes paid (net of refunds received). The amended guidance is effective for fiscal years beginning after December 15, 2024. The guidance can be applied either prospectively or retrospectively. We are evaluating the impact this amended guidance may have on the footnotes to our condensed consolidated financial statements. There are other new accounting pronouncements issued by the FASB that we have adopted or will adopt, as applicable. We do not believe any of these new accounting pronouncements have had, or will have, a material impact on our condensed consolidated financial statements or disclosures.

REVENUE

REVENUE	9 Months Ended
	Sep. 30, 2024
Revenue from Contract with Customer [Abstract]
REVENUE	REVENUE We enable our customers to send and receive payments. We earn revenue primarily by completing payment transactions for our customers on our payments platform and from other value added services. Our revenues are classified into two categories: transaction revenues and revenues from other value added services. DISAGGREGATION OF REVENUE We determine operating segments based on how our chief operating decision maker (“CODM”) manages the business, makes operating decisions around the allocation of resources, and evaluates operating performance. Our CODM is our Chief Executive Officer, who regularly reviews our operating results on a consolidated basis. We operate as one segment and have one reportable segment. Based on the information provided to and reviewed by our CODM, we believe that the nature, amount, timing, and uncertainty of our revenue and cash flows and how they are affected by economic factors are most appropriately depicted through our primary geographical markets and types of revenue categories (transaction revenues and revenues from other value added services). Revenues recorded within these categories are earned from similar products and services for which the nature of associated fees and the related revenue recognition models are substantially similar. The following table presents our revenue disaggregated by primary geographical market and category: Three Months Ended September 30, Nine Months Ended September 30, 2024 2023 2024 2023 (In millions) Primary geographical markets U.S. $ 4,518 $ 4,257 $ 13,535 $ 12,614 Other countries (1) 3,329 3,161 9,896 9,131 Total net revenues (2) $ 7,847 $ 7,418 $ 23,431 $ 21,745 Revenue category Transaction revenues $ 7,067 $ 6,654 $ 21,254 $ 19,574 Revenues from other value added services 780 764 2,177 2,171 Total net revenues (2) $ 7,847 $ 7,418 $ 23,431 $ 21,745 (1) No single country included in the other countries category generated more than 10% of total net revenues. (2) Total net revenues include $515 million and $433 million for the three months ended September 30, 2024 and 2023, respectively, and $1.5 billion and $1.3 billion for the nine months ended September 30, 2024 and 2023, respectively, which do not represent revenues recognized in the scope of Accounting Standards Codification Topic 606, Revenue from contracts with customers . Such revenues relate to interest and fees earned on loans and interest receivable, including loans and interest receivable, held for sale, as well as hedging gains or losses, and interest earned on certain assets underlying customer balances. Net revenues are attributed to the country in which the party paying our fee is located.

NET INCOME (LOSS) PER SHARE

NET INCOME (LOSS) PER SHARE	9 Months Ended
	Sep. 30, 2024
Earnings Per Share [Abstract]
NET INCOME (LOSS) PER SHARE	NET INCOME (LOSS) PER SHARE Basic net income (loss) per share is computed by dividing net income (loss) for the period by the weighted average number of common shares outstanding during the period. Diluted net income (loss) per share is computed by dividing net income (loss) for the period by the weighted average number of shares of common stock and potentially dilutive common stock outstanding for the period. The dilutive effect of outstanding equity incentive awards is reflected in diluted net income (loss) per share by application of the treasury stock method. The calculation of diluted net income (loss) per share excludes all anti-dilutive common shares. During periods when we report net loss, diluted net loss per share is the same as basic net loss per share because the effects of potentially dilutive items would decrease the net loss per share. The following table sets forth the computation of basic and diluted net income (loss) per share for the periods indicated: Three Months Ended September 30, Nine Months Ended September 30, 2024 2023 2024 2023 (In millions, except per share amounts) Numerator: Net income (loss) $ 1,010 $ 1,020 $ 3,026 $ 2,844 Denominator: Weighted average shares of common stock - basic 1,015 1,094 1,040 1,111 Dilutive effect of equity incentive awards 9 4 8 4 Weighted average shares of common stock - diluted 1,024 1,098 1,048 1,115 Net income (loss) per share: Basic $ 1.00 $ 0.93 $ 2.91 $ 2.56 Diluted $ 0.99 $ 0.93 $ 2.89 $ 2.55 Common stock equivalents excluded from net income (loss) per diluted share because their effect would have been anti-dilutive or potentially dilutive 8 22 12 20

BUSINESS COMBINATIONS AND DIVES

BUSINESS COMBINATIONS AND DIVESTITURES	9 Months Ended
	Sep. 30, 2024
Business Combination, Asset Acquisition, and Joint Venture Formation [Abstract]
BUSINESS COMBINATIONS AND DIVESTITURES	BUSINESS COMBINATIONS AND DIVESTITURESThere were no acquisitions accounted for as business combinations or divestitures completed in the three and nine months ended September 30, 2024 and 2023.

GOODWILL AND INTANGIBLE ASSETS

GOODWILL AND INTANGIBLE ASSETS	9 Months Ended
	Sep. 30, 2024
Goodwill and Intangible Assets Disclosure [Abstract]
GOODWILL AND INTANGIBLE ASSETS	GOODWILL AND INTANGIBLE ASSETS GOODWILL The following table presents goodwill balances and adjustments to those balances during the nine months ended September 30, 2024: December 31, Goodwill Acquired Adjustments September 30, (In millions) Total goodwill $ 11,026 $ — $ (30) $ 10,996 The adjustments to goodwill during the nine months ended September 30, 2024 pertained to foreign currency translation adjustments. INTANGIBLE ASSETS The components of identifiable intangible assets were as follows: September 30, 2024 December 31, 2023 Gross Carrying Amount Accumulated Amortization Net Carrying Amount Weighted Average Useful Life (Years) Gross Carrying Amount Accumulated Amortization Net Carrying Amount Weighted Average Useful Life (Years) (In millions, except years) Intangible assets: Customer lists and user base $ 1,538 $ (1,232) $ 306 7 $ 1,546 $ (1,140) $ 406 7 Marketing related 386 (359) 27 5 387 (350) 37 5 Developed technology 1,012 (1,012) — 3 1,013 (999) 14 3 All other 435 (375) 60 7 433 (353) 80 7 Intangible assets, net $ 3,371 $ (2,978) $ 393 $ 3,379 $ (2,842) $ 537 Amortization expense for intangible assets was $51 million and $57 million for the three months ended September 30, 2024 and 2023, respectively. Amortization expense for intangible assets was $159 million and $172 million for the nine months ended September 30, 2024 and 2023, respectively. Expected future intangible asset amortization as of September 30, 2024 was as follows (in millions): Fiscal years: Remaining 2024 $ 42 2025 152 2026 95 2027 58 2028 46 Total $ 393

LEASES

LEASES	9 Months Ended
	Sep. 30, 2024
Leases [Abstract]
LEASES	LEASES PayPal enters into various leases, which are primarily real estate operating leases. We use these properties for executive and administrative offices, data centers, product development offices, and customer services and operations centers. PayPal also enters into computer equipment finance leases. While a majority of our lease agreements do not contain an explicit interest rate, certain of our lease agreements are subject to changes based on the Consumer Price Index or another referenced index. In the event of changes to the relevant index, lease liabilities are not remeasured and instead are treated as variable lease payments and recognized in the period in which the obligation for those payments is incurred. The short-term lease exemption has been adopted for all leases with a duration of less than 12 months. PayPal’s lease portfolio includes a small number of subleases. A sublease situation can arise when currently leased real estate space is available and is surplus to operational requirements. The components of lease expense were as follows: Three Months Ended September 30, Nine Months Ended September 30, 2024 2023 2024 2023 (In millions) Operating lease expense $ 41 $ 39 $ 117 $ 119 Sublease income (3) (2) (9) (6) Total lease expense, net (1) $ 38 $ 37 $ 108 $ 113 (1) During the three and nine months ended September 30, 2024, finance lease expense was de minimis. Supplemental cash flow information related to leases during the three and nine months ended September 30, 2024 and 2023 were as follows: Three Months Ended September 30, Nine Months Ended September 30, 2024 2023 2024 2023 (In millions) Cash paid for amounts included in the measurement of lease liabilities: Operating cash flows from operating leases $ 42 $ 45 $ 127 $ 131 Financing cash flows from finance leases $ 40 $ — $ 60 $ — Right-of-use (“ROU”) lease assets obtained in exchange for new operating lease liabilities $ 59 $ (23) $ 336 $ (1) ROU lease assets obtained in exchange for new finance lease liabilities $ 27 $ — $ 82 $ — Other non-cash ROU lease asset activity (1) $ — $ (15) $ — $ (40) (1) ROU lease asset impairment. Refer to “Note 17—Restructuring and Other” for further details. Supplemental balance sheet information related to leases was as follows: September 30, 2024 December 31, 2023 (In millions, except weighted-average figures) Operating leases (1) Finance leases (2) Operating leases (1) Finance leases (2) ROU lease assets $ 631 $ 77 $ 390 $ — Current lease liabilities 135 6 144 — Long-term lease liabilities 664 17 416 — Total lease liabilities $ 799 $ 23 $ 560 $ — Weighted-average remaining lease term 6.0 years 4.6 years 5.0 years — Weighted-average discount rate 4 % 5 % 4 % — % (1) ROU assets for operating leases are included in “ other assets accrued expenses and other current liabilities other long-term liabilities (2) ROU assets for finance leases are included in “property and equipment, net” and lease liabilities for finance leases are included in “ accrued expenses and other current liabilities other long-term liabilities Future minimum lease payments for our leases as of September 30, 2024 were as follows: Operating leases Finance leases Fiscal years: (In millions) Remaining 2024 $ 35 $ — 2025 172 7 2026 172 6 2027 153 6 2028 102 6 Thereafter 285 — Total $ 919 $ 25 Less: present value discount (120) (2) Lease liability $ 799 $ 23 Operating lease amounts include minimum lease payments under our non-cancelable operating leases primarily for office and data center facilities. Finance lease amounts include minimum lease payments under our non-cancelable finance leases primarily for computer equipment. The amounts presented are consistent with contractual terms and are not expected to differ significantly from actual results under our existing leases.
LEASES	LEASES PayPal enters into various leases, which are primarily real estate operating leases. We use these properties for executive and administrative offices, data centers, product development offices, and customer services and operations centers. PayPal also enters into computer equipment finance leases. While a majority of our lease agreements do not contain an explicit interest rate, certain of our lease agreements are subject to changes based on the Consumer Price Index or another referenced index. In the event of changes to the relevant index, lease liabilities are not remeasured and instead are treated as variable lease payments and recognized in the period in which the obligation for those payments is incurred. The short-term lease exemption has been adopted for all leases with a duration of less than 12 months. PayPal’s lease portfolio includes a small number of subleases. A sublease situation can arise when currently leased real estate space is available and is surplus to operational requirements. The components of lease expense were as follows: Three Months Ended September 30, Nine Months Ended September 30, 2024 2023 2024 2023 (In millions) Operating lease expense $ 41 $ 39 $ 117 $ 119 Sublease income (3) (2) (9) (6) Total lease expense, net (1) $ 38 $ 37 $ 108 $ 113 (1) During the three and nine months ended September 30, 2024, finance lease expense was de minimis. Supplemental cash flow information related to leases during the three and nine months ended September 30, 2024 and 2023 were as follows: Three Months Ended September 30, Nine Months Ended September 30, 2024 2023 2024 2023 (In millions) Cash paid for amounts included in the measurement of lease liabilities: Operating cash flows from operating leases $ 42 $ 45 $ 127 $ 131 Financing cash flows from finance leases $ 40 $ — $ 60 $ — Right-of-use (“ROU”) lease assets obtained in exchange for new operating lease liabilities $ 59 $ (23) $ 336 $ (1) ROU lease assets obtained in exchange for new finance lease liabilities $ 27 $ — $ 82 $ — Other non-cash ROU lease asset activity (1) $ — $ (15) $ — $ (40) (1) ROU lease asset impairment. Refer to “Note 17—Restructuring and Other” for further details. Supplemental balance sheet information related to leases was as follows: September 30, 2024 December 31, 2023 (In millions, except weighted-average figures) Operating leases (1) Finance leases (2) Operating leases (1) Finance leases (2) ROU lease assets $ 631 $ 77 $ 390 $ — Current lease liabilities 135 6 144 — Long-term lease liabilities 664 17 416 — Total lease liabilities $ 799 $ 23 $ 560 $ — Weighted-average remaining lease term 6.0 years 4.6 years 5.0 years — Weighted-average discount rate 4 % 5 % 4 % — % (1) ROU assets for operating leases are included in “ other assets accrued expenses and other current liabilities other long-term liabilities (2) ROU assets for finance leases are included in “property and equipment, net” and lease liabilities for finance leases are included in “ accrued expenses and other current liabilities other long-term liabilities Future minimum lease payments for our leases as of September 30, 2024 were as follows: Operating leases Finance leases Fiscal years: (In millions) Remaining 2024 $ 35 $ — 2025 172 7 2026 172 6 2027 153 6 2028 102 6 Thereafter 285 — Total $ 919 $ 25 Less: present value discount (120) (2) Lease liability $ 799 $ 23 Operating lease amounts include minimum lease payments under our non-cancelable operating leases primarily for office and data center facilities. Finance lease amounts include minimum lease payments under our non-cancelable finance leases primarily for computer equipment. The amounts presented are consistent with contractual terms and are not expected to differ significantly from actual results under our existing leases.

OTHER FINANCIAL STATEMENT DETAI

OTHER FINANCIAL STATEMENT DETAILS	9 Months Ended
	Sep. 30, 2024
Organization, Consolidation and Presentation of Financial Statements [Abstract]
OTHER FINANCIAL STATEMENT DETAILS	OTHER FINANCIAL STATEMENT DETAILS CRYPTO ASSET SAFEGUARDING LIABILITY AND CORRESPONDING SAFEGUARDING ASSET We allow our customers in certain markets to buy, hold, sell, convert, receive, and send certain cryptocurrencies as well as use the proceeds from sales of cryptocurrencies to pay for purchases at checkout. These cryptocurrencies consist of Bitcoin, Ethereum, Bitcoin Cash, Litecoin, and PayPal USD stablecoin (collectively, “our customers’ crypto assets”). We engage third parties, which are licensed trust companies, to provide certain custodial services, including holding our customers’ cryptographic key information, securing our customers’ crypto assets, and protecting them from loss or theft, including indemnification against certain types of losses such as theft. Our third-party custodians hold the crypto assets in a custodial account in PayPal’s name for the benefit of PayPal’s customers. We maintain the internal recordkeeping of our customers’ crypto assets, including the amount and type of crypto asset owned by each of our customers in that custodial account. As of September 30, 2024, we utilize two third-party custodians; as such, there is concentration risk in the event these custodians are not able to perform in accordance with our agreements. Due to the unique risks associated with cryptocurrencies, including technological, legal, and regulatory risks, we recognize a crypto asset safeguarding liability to reflect our obligation to safeguard the crypto assets held for the benefit of our customers, which is recorded in accrued expenses and other current liabilities on our condensed consolidated balance sheets. We also recognize a corresponding safeguarding asset, which is recorded in prepaid expenses and other current assets on our condensed consolidated balance sheets. The crypto asset safeguarding liability and corresponding safeguarding asset are measured and recorded at fair value on a recurring basis using quoted prices for the underlying crypto assets on the active exchange that we have identified as the principal market at the balance sheet date. The corresponding safeguarding asset may be adjusted for loss events, as applicable. As of September 30, 2024 and December 31, 2023, the Company had not incurred any safeguarding loss events, and therefore, the crypto asset safeguarding liability and corresponding safeguarding asset were recorded at the same value. The following table summarizes the significant crypto assets we hold for the benefit of our customers and the crypto asset safeguarding liability and corresponding safeguarding asset as of September 30, 2024 and December 31, 2023: September 30, December 31, 2023 (In millions) Bitcoin $ 1,440 $ 741 Ethereum 634 412 Other 93 88 Crypto asset safeguarding liability $ 2,167 $ 1,241 Crypto asset safeguarding asset $ 2,167 $ 1,241 ACCUMULATED OTHER COMPREHENSIVE INCOME (LOSS) The following table summarizes the changes in accumulated balances of other comprehensive income (loss) for the three months ended September 30, 2024: Unrealized Gains (Losses) on Cash Flow Hedges Unrealized Gains (Losses) on Available-for-sale Debt Securities Foreign Currency Translation Adjustment (“CTA”) Net Investment Hedges CTA Gains (Losses) Estimated Tax (Expense) Benefit Total (In millions) Beginning balance $ 43 $ (36) $ (999) $ 390 $ (91) $ (693) Other comprehensive income (loss) before reclassifications (160) 60 275 (149) 28 54 Less: Amount of net gain (loss) reclassified from accumulated other comprehensive income (loss) (“AOCI”) (12) — — — — (12) Net current period other comprehensive income (loss) (148) 60 275 (149) 28 66 Ending balance $ (105) $ 24 $ (724) $ 241 $ (63) $ (627) The following table summarizes the changes in accumulated balances of other comprehensive income (loss) for the three months ended September 30, 2023: Unrealized Gains (Losses) on Cash Flow Hedges Unrealized Gains (Losses) on Available-for-sale Debt Securities Foreign CTA Net Investment Hedges CTA Gains (Losses) Estimated Tax (Expense) Benefit Total (In millions) Beginning balance $ (23) $ (403) $ (811) $ 195 $ 46 $ (996) Other comprehensive income (loss) before reclassifications 116 110 (70) 35 (40) 151 Less: Amount of net gain (loss) reclassified from AOCI 7 — — — — 7 Net current period other comprehensive income (loss) 109 110 (70) 35 (40) 144 Ending balance $ 86 $ (293) $ (881) $ 230 $ 6 $ (852) The following table summarizes the changes in accumulated balances of other comprehensive income (loss) for the nine months ended September 30, 2024: Unrealized Gains (Losses) on Cash Flow Hedges Unrealized Gains (Losses) on Available-for-sale Debt Securities Foreign CTA Net Investment Hedges CTA Gains (Losses) Estimated Tax (Expense) Benefit Total (In millions) Beginning balance $ (56) $ (134) $ (731) $ 191 $ (16) $ (746) Other comprehensive income (loss) before reclassifications (39) 117 7 50 (47) 88 Less: Amount of net gain (loss) reclassified from AOCI 10 (41) — — — (31) Net current period other comprehensive income (loss) (49) 158 7 50 (47) 119 Ending balance $ (105) $ 24 $ (724) $ 241 $ (63) $ (627) The following table summarizes the changes in accumulated balances of other comprehensive income (loss) for the nine months ended September 30, 2023: Unrealized Gains (Losses) on Cash Flow Hedges Unrealized Gains (Losses) on Available-for-sale Debt Securities Foreign CTA Net Investment Hedges CTA Gains (Losses) Estimated Tax (Expense) Benefit Total (In millions) Beginning balance $ 111 $ (591) $ (575) $ (1) $ 128 $ (928) Other comprehensive income (loss) before reclassifications 92 273 (306) 231 (122) 168 Less: Amount of net gain (loss) reclassified from AOCI 117 (25) — — — 92 Net current period other comprehensive income (loss) (25) 298 (306) 231 (122) 76 Ending balance $ 86 $ (293) $ (881) $ 230 $ 6 $ (852) The following table provides details about reclassifications out of AOCI for the periods presented below: Details about AOCI Components Amount of Gains (Losses) Reclassified from AOCI Affected Line Item in the Statements of Income (Loss) Three Months Ended September 30, Nine Months Ended September 30, 2024 2023 2024 2023 (In millions) Net gains (losses) on cash flow hedges — foreign currency exchange contracts $ (12) $ 7 $ 10 $ 117 Net revenues Net gains (losses) on investments — — (41) (23) Net revenues Net gains (losses) on investments — — — (2) Other income (expense), net (12) 7 (31) 92 Income before income taxes — — — — Income tax expense Total reclassifications for the period $ (12) $ 7 $ (31) $ 92 Net income (loss) OTHER INCOME (EXPENSE), NET The following table reconciles the components of other income (expense), net for the periods presented below: Three Months Ended September 30, Nine Months Ended September 30, 2024 2023 2024 2023 (In millions) Interest income $ 183 $ 124 $ 514 $ 348 Interest expense (106) (86) (285) (260) Net gains (losses) on strategic investments (171) 24 (226) 205 Other 14 11 32 25 Other income (expense), net $ (80) $ 73 $ 35 $ 318

CASH AND CASH EQUIVALENTS, FUND

CASH AND CASH EQUIVALENTS, FUNDS RECEIVABLE AND CUSTOMER ACCOUNTS, AND INVESTMENTS	9 Months Ended
	Sep. 30, 2024
Investments, Debt and Equity Securities [Abstract]
CASH AND CASH EQUIVALENTS, FUNDS RECEIVABLE AND CUSTOMER ACCOUNTS, AND INVESTMENTS	CASH AND CASH EQUIVALENTS, FUNDS RECEIVABLE AND CUSTOMER ACCOUNTS, AND INVESTMENTS The following table summarizes the assets underlying our cash and cash equivalents, funds receivable and customer accounts, short-term investments, and long-term investments as of September 30, 2024 and December 31, 2023: September 30, December 31, (In millions) Cash and cash equivalents (1) $ 7,272 $ 9,081 Funds receivable and customer accounts: Cash and cash equivalents (2) $ 14,161 $ 12,750 Time deposits 108 82 Available-for-sale debt securities 14,776 15,708 Funds receivable 10,137 10,395 Total funds receivable and customer accounts $ 39,182 $ 38,935 Short-term investments: Time deposits $ 186 $ 128 Available-for-sale debt securities 4,360 4,848 Restricted cash 1 3 Strategic investments 100 — Total short-term investments $ 4,647 $ 4,979 Long-term investments: Time deposits $ 15 $ 45 Available-for-sale debt securities 2,660 1,391 Strategic investments 1,607 1,837 Total long-term investments $ 4,282 $ 3,273 (1) Includes $70 million and $777 million of available-for-sale debt securities with original maturities of three months or less as of September 30, 2024 and December 31, 2023, respectively. (2) Includes $49 million and $399 million of available-for-sale debt securities with original maturities of three months or less as of September 30, 2024 and December 31, 2023, respectively. As of September 30, 2024 and December 31, 2023, the estimated fair value of our available-for-sale debt securities included within cash and cash equivalents, funds receivable and customer accounts, short-term investments, and long-term investments was as follows: September 30, 2024 (1) Gross Gross Gross Estimated (In millions) Cash and cash equivalents: Commercial paper $ 70 $ — $ — $ 70 Funds receivable and customer accounts: U.S. government and agency securities 6,376 10 (4) 6,382 Foreign government and agency securities 74 — — 74 Corporate debt securities 380 — — 380 Mortgage-backed and asset-backed securities 3,389 12 (2) 3,399 Municipal securities 645 2 — 647 Commercial paper 3,467 2 — 3,469 Short-term investments: U.S. government and agency securities 337 — (4) 333 Foreign government and agency securities 24 — — 24 Corporate debt securities 1,196 — (2) 1,194 Mortgage-backed and asset-backed securities 767 5 (1) 771 Commercial paper 2,037 1 — 2,038 Long-term investments: U.S. government and agency securities 235 — — 235 Foreign government and agency securities 184 1 (1) 184 Corporate debt securities 1,564 5 (1) 1,568 Mortgage-backed and asset-backed securities 672 1 — 673 Total available-for-sale debt securities (2) $ 21,417 $ 39 $ (15) $ 21,441 (1) “—” Denotes gross unrealized gain or unrealized loss of less than $1 million in a given position. (2) Excludes foreign currency denominated available-for-sale debt securities accounted for under the fair value option. Refer to “Note 9 — Fair Value Measurement of Assets and Liabilities.” December 31, 2023 (1) Gross Gross Gross Estimated (In millions) Cash and cash equivalents: U.S. government and agency securities $ 428 $ — $ — $ 428 Commercial paper 349 — — 349 Funds receivable and customer accounts: U.S. government and agency securities 8,549 8 (79) 8,478 Foreign government and agency securities 620 — (8) 612 Corporate debt securities 1,507 — (18) 1,489 Asset-backed securities 1,421 4 (2) 1,423 Municipal securities 639 1 (2) 638 Commercial paper 2,846 4 (1) 2,849 Short-term investments: U.S. government and agency securities 632 — (9) 623 Foreign government and agency securities 353 — (6) 347 Corporate debt securities 1,494 1 (13) 1,482 Asset-backed securities 719 3 (4) 718 Commercial paper 1,678 1 (1) 1,678 Long-term investments: U.S. government and agency securities 188 — (8) 180 Foreign government and agency securities 33 — (1) 32 Corporate debt securities 424 — (6) 418 Asset-backed securities 759 2 — 761 Total available-for-sale debt securities (2) $ 22,639 $ 24 $ (158) $ 22,505 (1) “—” Denotes gross unrealized gain or unrealized loss of less than $1 million in a given position. (2) Excludes foreign currency denominated available-for-sale debt securities accounted for under the fair value option. Refer to “Note 9 — Fair Value Measurement of Assets and Liabilities.” Gross amortized cost and estimated fair value balances exclude accrued interest receivable on available-for-sale debt securities, which totaled $159 million and $101 million at September 30, 2024 and December 31, 2023, respectively, and were included in other current assets As of September 30, 2024 and December 31, 2023, the gross unrealized losses and estimated fair value of our available-for-sale debt securities included within cash and cash equivalents, funds receivable and customer accounts, short-term investments, and long-term investments for which an allowance for credit losses was not deemed necessary in the current period, aggregated by the length of time those individual securities have been in a continuous loss position, was as follows: September 30, 2024 (1) Less than 12 months 12 months or longer Total Fair Value Gross Fair Value Gross Fair Value Gross (In millions) Cash and cash equivalents: Commercial paper $ 20 $ — $ — $ — $ 20 $ — Funds receivable and customer accounts: U.S. government and agency securities 2,507 (1) 840 (3) 3,347 (4) Foreign government and agency securities 74 — — — 74 — Corporate debt securities 120 — 50 — 170 — Mortgage-backed and asset-backed securities 899 (1) 4 (1) 903 (2) Municipal securities 61 — 36 — 97 — Commercial paper 674 — — — 674 — Short-term investments: U.S. government and agency securities — — 333 (4) 333 (4) Corporate debt securities 386 — 174 (2) 560 (2) Mortgage-backed and asset-backed securities 187 — 50 (1) 237 (1) Commercial paper 697 — — — 697 — Long-term investments: U.S. government and agency securities 235 — — — 235 — Foreign government and agency securities 30 — 34 (1) 64 (1) Corporate debt securities 525 (1) 9 — 534 (1) Mortgage-backed and asset-backed securities 348 — — — 348 — Total available-for-sale debt securities $ 6,763 $ (3) $ 1,530 $ (12) $ 8,293 $ (15) (1) “—” Denotes gross unrealized loss or fair value of less than $1 million in a given position. December 31, 2023 (1) Less than 12 months 12 months or longer Total Fair Value Gross Fair Value Gross Fair Value Gross (In millions) Cash and cash equivalents: Commercial paper $ 349 $ — $ — $ — $ 349 $ — Funds receivable and customer accounts: U.S. government and agency securities 2,626 (8) 3,917 (71) 6,543 (79) Foreign government and agency securities 36 — 451 (8) 487 (8) Corporate debt securities 100 — 1,364 (18) 1,464 (18) Asset-backed securities 253 — 473 (2) 726 (2) Municipal securities 196 (1) 156 (1) 352 (2) Commercial paper 1,088 (1) — — 1,088 (1) Short-term investments: U.S. government and agency securities — — 296 (9) 296 (9) Foreign government and agency securities — — 347 (6) 347 (6) Corporate debt securities 194 — 797 (13) 991 (13) Asset-backed securities 131 — 144 (4) 275 (4) Commercial paper 737 (1) — — 737 (1) Long-term investments: U.S. government and agency securities — — 180 (8) 180 (8) Foreign government and agency securities — — 32 (1) 32 (1) Corporate debt securities 120 — 120 (6) 240 (6) Asset-backed securities 109 — 195 — 304 — Total available-for-sale debt securities $ 5,939 $ (11) $ 8,472 $ (147) $ 14,411 $ (158) (1) “—” Denotes gross unrealized loss or fair value of less than $1 million in a given position. Unrealized losses have not been recognized into income as we neither intend to sell, nor anticipate that it is more likely than not that we will be required to sell, the securities before recovery of their amortized cost basis. The decline in fair value was due primarily to changes in market interest rates, rather than credit losses. We will continue to monitor the performance of the investment portfolio and assess whether impairment due to expected credit losses has occurred. During the three months ended September 30, 2024, we received $7.2 billion in proceeds from the sale and maturity of available-for-sale debt securities, and incurred gross realized gains and losses which were de minimis. During the nine months ended September 30, 2024, we received $27.4 billion in proceeds from the sale and maturity of available-for-sale debt securities, and incurred gross realized losses of $43 million and gains which were de minimis. During the three months ended September 30, 2023, we received $5.6 billion in proceeds from the sale and maturity of available-for-sale debt securities, and incurred gross realized gains and losses which were de minimis. During the nine months ended September 30, 2023, we received $17.0 billion in proceeds from the sale and maturity of available-for-sale debt securities, and incurred gross realized losses of $25 million and gains which were de minimis. Gross realized gains and losses were determined using the specific identification method. Our available-for-sale debt securities included within cash and cash equivalents, funds receivable and customer accounts, short-term investments, and long-term investments classified by date of contractual maturity were as follows: September 30, 2024 Amortized Cost Fair Value (In millions) One year or less $ 11,806 $ 11,804 After one year through five years 5,879 5,900 After five years through ten years 3,130 3,135 After ten years 602 602 Total $ 21,417 $ 21,441 Actual maturities may differ from contractual maturities as certain securities may be prepaid. Supplemental cash flow information related to investments Non-cash investing transactions that are not reflected in the condensed consolidated statement of cash flows for the nine months ended September 30, 2024 include the purchase of investments of $75 million that have not yet settled. STRATEGIC INVESTMENTS Our strategic investments include marketable equity securities, which are publicly traded, and non-marketable equity securities, which are primarily investments in privately held companies. Our marketable equity securities have readily determinable fair values and are recorded as long-term investments on our condensed consolidated balance sheets at fair value with changes in fair value recorded in other income (expense), net on our condensed consolidated statements of income (loss). Marketable equity securities totaled $17 million and $24 million as of September 30, 2024 and December 31, 2023, respectively. Our non-marketable equity securities are recorded as short-term and long-term investments on our condensed consolidated balance sheets. The carrying value of our non-marketable equity securities totaled $1.7 billion and $1.8 billion as of September 30, 2024 and December 31, 2023, respectively. As of September 30, 2024 and December 31, 2023, we had non-marketable equity securities of $208 million and $182 million, respectively, for which we have the ability to exercise significant influence, but not control, over the investee. We account for these equity securities using the equity method of accounting. The remaining non-marketable equity securities do not have a readily determinable fair value and we measure these equity investments at cost minus impairment, if any, and adjust for changes resulting from observable price changes in orderly transactions for an identical or similar investment in the same issuer (the “Measurement Alternative”). All gains and losses on these investments, realized and unrealized, and our share of earnings or losses from investments accounted for using the equity method are recognized in other income (expense), net on our condensed consolidated statements of income (loss). Measurement Alternative adjustments The adjustments to the carrying value of our non-marketable equity securities accounted for under the Measurement Alternative in the three and nine months ended September 30, 2024 and 2023 were as follows: Three Months Ended September 30, Nine Months Ended September 30, 2024 2023 2024 2023 (In millions) Carrying amount, beginning of period $ 1,635 $ 1,691 $ 1,631 $ 1,687 Adjustments related to non-marketable equity securities: Net additions (1) 20 4 85 30 Gross unrealized gains 2 — 5 23 Gross unrealized losses and impairments (175) (15) (239) (60) Carrying amount, end of period $ 1,482 $ 1,680 $ 1,482 $ 1,680 (1) Net additions include purchases, reductions due to sales of securities, and reclassifications when the Measurement Alternative is subsequently elected or no longer applies. The following table summarizes the cumulative gross unrealized gains and cumulative gross unrealized losses and impairment related to non-marketable equity securities accounted for under the Measurement Alternative held at September 30, 2024 and December 31, 2023, respectively: September 30, December 31, (In millions) Cumulative gross unrealized gains $ 1,172 $ 1,168 Cumulative gross unrealized losses and impairments $ (521) $ (283) Unrealized gains (losses) on strategic investments, excluding those accounted for using the equity method The following table summarizes the net unrealized gains (losses) on marketable and non-marketable equity securities, excluding those accounted for using the equity method, held at September 30, 2024 and 2023, respectively: Three Months Ended September 30, Nine Months Ended September 30, 2024 2023 2024 2023 (In millions) Net unrealized gains (losses) $ (171) $ 13 $ (242) $ 200

FAIR VALUE MEASUREMENT OF ASSET

FAIR VALUE MEASUREMENT OF ASSETS AND LIABILITIES	9 Months Ended
	Sep. 30, 2024
Fair Value Disclosures [Abstract]
FAIR VALUE MEASUREMENT OF ASSETS AND LIABILITIES	FAIR VALUE MEASUREMENT OF ASSETS AND LIABILITIES FINANCIAL ASSETS AND LIABILITIES MEASURED AND RECORDED AT FAIR VALUE ON A RECURRING BASIS The following tables summarize our financial assets and liabilities measured at fair value on a recurring basis as of September 30, 2024 and December 31, 2023: September 30, 2024 Quoted Prices in Active Markets for Identical Assets (Level 1) Significant Other (In millions) Assets: Cash and cash equivalents (1) Commercial paper $ 70 $ — $ 70 Short-term investments (2) : U.S. government and agency securities 333 — 333 Foreign government and agency securities 24 — 24 Corporate debt securities 1,194 — 1,194 Mortgage-backed and asset-backed securities 771 — 771 Commercial paper 2,038 — 2,038 Total short-term investments 4,360 — 4,360 Funds receivable and customer accounts (3) : U.S. government and agency securities 6,382 — 6,382 Foreign government and agency securities 398 — 398 Corporate debt securities 530 — 530 Mortgage-backed and asset-backed securities 3,399 — 3,399 Municipal securities 647 — 647 Commercial paper 3,469 — 3,469 Total funds receivable and customer accounts 14,825 — 14,825 Derivatives (4) 214 — 214 Crypto asset safeguarding asset (4) 2,167 — 2,167 Long-term investments (2),(5) : U.S. government and agency securities 235 — 235 Foreign government and agency securities 184 — 184 Corporate debt securities 1,568 — 1,568 Mortgage-backed and asset-backed securities 673 — 673 Marketable equity securities 17 17 — Total long-term investments 2,677 17 2,660 Total financial assets $ 24,313 $ 17 $ 24,296 Liabilities: Derivatives (4) $ 161 $ — $ 161 Crypto asset safeguarding liability (4) 2,167 — 2,167 Total financial liabilities $ 2,328 $ — $ 2,328 (1) Excludes cash of $7.2 billion not measured and recorded at fair value. (2) Excludes restricted cash of $1 million and time deposits of $201 million not measured and recorded at fair value. (3) Excludes cash, time deposits, and funds receivable of $24.4 billion underlying funds receivable and customer accounts not measured and recorded at fair value. (4) Derivative assets and liabilities are included within “prepaid expenses and other current assets” and “other assets” and “accrued expenses and other current liabilities” and “other long-term liabilities,” respectively, on our condensed consolidated balance sheets. Crypto safeguarding asset and associated liability are recorded within “prepaid expenses and other current assets” and “accrued expenses and other current liabilities,” respectively, on our condensed consolidated balance sheets. (5) Excludes non-marketable equity securities of $1.7 billion measured using the Measurement Alternative or equity method accounting. December 31, 2023 Quoted Prices in Active Markets for Identical Assets (Level 1) Significant Other Observable Inputs (Level 2) (In millions) Assets: Cash and cash equivalents (1) U.S. government and agency securities $ 428 $ — $ 428 Commercial paper 349 — 349 Money market fund 160 160 — Total cash and cash equivalents 937 160 777 Short-term investments (2) : U.S. government and agency securities 623 — 623 Foreign government and agency securities 347 — 347 Corporate debt securities 1,482 — 1,482 Asset-backed securities 718 — 718 Commercial paper 1,678 — 1,678 Total short-term investments 4,848 — 4,848 Funds receivable and customer accounts (3) : U.S. government and agency securities 8,478 — 8,478 Foreign government and agency securities 1,118 — 1,118 Corporate debt securities 1,601 — 1,601 Asset-backed securities 1,423 — 1,423 Municipal securities 638 — 638 Commercial paper 2,849 — 2,849 Total funds receivable and customer accounts 16,107 — 16,107 Derivatives (4) 141 — 141 Crypto asset safeguarding asset (4) 1,241 — 1,241 Long-term investments (2), (5) : U.S. government and agency securities 180 — 180 Foreign government and agency securities 32 — 32 Corporate debt securities 418 — 418 Asset-backed securities 761 — 761 Marketable equity securities 24 24 — Total long-term investments 1,415 24 1,391 Total financial assets $ 24,689 $ 184 $ 24,505 Liabilities: Derivatives (4) $ 131 $ — $ 131 Crypto asset safeguarding liability (4) 1,241 — 1,241 Total financial liabilities $ 1,372 $ — $ 1,372 (1) Excludes cash of $8.1 billion not measured and recorded at fair value. (2) Excludes restricted cash of $3 million and time deposits of $173 million not measured and recorded at fair value. (3) Excludes cash, time deposits, and funds receivable of $22.8 billion underlying funds receivable and customer accounts not measured and recorded at fair value. (4) Derivative assets and liabilities are included within “prepaid expenses and other current assets” and “other assets” and “accrued expenses and other current liabilities” and “other long-term liabilities,” respectively, on our condensed consolidated balance sheets. Crypto safeguarding asset and associated liability are recorded within “prepaid expenses and other current assets” and “accrued expenses and other current liabilities,” respectively, on our condensed consolidated balance sheets. (5) Excludes non-marketable equity securities of $1.8 billion measured using the Measurement Alternative or equity method accounting. Our financial assets classified within Level 1 are valued using quoted prices for identical assets in active markets. There are no active markets for our crypto asset safeguarding liability or the corresponding safeguarding asset. Accordingly, we have valued the asset and liability using quoted prices on the active exchange that we have identified as the principal market for the underlying crypto assets (Level 2). All other financial assets and liabilities are valued using quoted prices for identical instruments in less active markets, readily available pricing sources for comparable instruments, or models using market observable inputs (Level 2). A majority of our derivative instruments are valued using pricing models that take into account the contract terms as well as multiple observable inputs where applicable, such as currency rates, interest rate yield curves, option volatility, and equity prices (Level 2). As of September 30, 2024 and December 31, 2023, we did not have any assets or liabilities requiring measurement at fair value on a recurring basis with significant unobservable inputs that would require a high level of judgment to determine fair value (Level 3). We elect to account for available-for-sale debt securities denominated in currencies other than the functional currency of our subsidiaries under the fair value option. Election of the fair value option allows us to recognize any gains and losses from fair value changes on such investments in other income (expense), net on the condensed consolidated statements of income (loss) to significantly reduce the accounting asymmetry that would otherwise arise when recognizing the corresponding foreign exchange gains and losses relating to customer liabilities. The following table summarizes the estimated fair value and amortized cost of our available-for-sale debt securities under the fair value option as of September 30, 2024 and December 31, 2023: September 30, 2024 December 31, 2023 Amortized Cost Fair Value Amortized Cost Fair Value (In millions) (In millions) Funds receivable and customer accounts $ 478 $ 474 $ 625 $ 618 The following table summarizes the gains (losses) from fair value changes recognized in other income (expense), net related to the available-for-sale debt securities under the fair value option for the three and nine months ended September 30, 2024 and 2023: Three Months Ended September 30, Nine Months Ended September 30, 2024 2023 2024 2023 (In millions) Funds receivable and customer accounts $ 23 $ (5) $ 8 $ 6 ASSETS MEASURED AND RECORDED AT FAIR VALUE ON A NON-RECURRING BASIS The following tables summarize our assets held as of September 30, 2024 and December 31, 2023 for which a non-recurring fair value measurement was recorded during the nine months ended September 30, 2024 and the year ended December 31, 2023, respectively: September 30, 2024 Significant Other Observable Inputs (Level 2) Significant Other Unobservable Inputs (Level 3) (In millions) Loans and interest receivable, held for sale $ 471 $ 471 $ — Non-marketable equity securities measured using the Measurement Alternative (1) 473 94 379 Total $ 944 $ 565 $ 379 (1) Excludes non-marketable equity securities of $1.0 billion accounted for under the Measurement Alternative for which no observable price changes occurred during the nine months ended September 30, 2024. December 31, 2023 Significant Other Observable Inputs (Level 2) Significant Other Unobservable Inputs (Level 3) (In millions) Loans and interest receivable, held for sale (1) $ 563 $ — $ 563 Non-marketable equity investments measured using the Measurement Alternative (2) 440 131 309 Other assets (3) 112 112 — Total $ 1,115 $ 243 $ 872 (1) As of December 31, 2023, loans and interest receivable, held for sale were valued using a price-based model. The price was the significant unobservable input and was determined based upon certain loan and risk classifications of the portfolio. Low, high and weighted average prices were all $0.99, measured in relation to $1.00 par. (2) Excludes non-marketable equity securities of $1.2 billion accounted for under the Measurement Alternative for which no observable price changes occurred during the year ended December 31, 2023. (3) Consists of ROU lease assets recorded at fair value pursuant to impairment charges that occurred during the year ended December 31, 2023. Beginning with the first quarter of 2024, we measure loans and interest receivable, held for sale using observable inputs, such as the most recent executed prices for comparable loans sold to the global investment firm. Accordingly, loans and interest receivable, held for sale are classified within Level 2 in the fair value hierarchy. Refer to “Note 11—Loans and interest receivable” for additional information on loans and interest receivable, held for sale. We measure the non-marketable equity securities accounted for under the Measurement Alternative at cost minus impairment, if any, adjusted for observable price changes in orderly transactions for an identical or similar investment in the same issuer. Non-marketable equity securities that have been remeasured during the period based on observable price changes are classified within Level 2 in the fair value hierarchy because we estimate the fair value based on valuation methods which only include significant inputs that are observable, such as the observable transaction price at the transaction date. The fair value of non-marketable equity securities are classified within Level 3 when we estimate fair value using significant unobservable inputs such as when we remeasure due to impairment and use discount rates, forecasted cash flows, and market data of comparable companies, among others. We evaluate ROU assets related to leases for indicators of impairment whenever events or changes in circumstances indicate that the carrying amount of an ROU asset may not be recoverable. Impairment losses on ROU lease assets related to office operating leases are calculated using estimated rental income per square foot derived from observable market data, and the impaired asset is classified within Level 2 in the fair value hierarchy. FINANCIAL ASSETS AND LIABILITIES NOT MEASURED AND RECORDED AT FAIR VALUE

DERIVATIVE INSTRUMENTS

DERIVATIVE INSTRUMENTS	9 Months Ended
	Sep. 30, 2024
Derivative Instruments and Hedging Activities Disclosure [Abstract]
DERIVATIVE INSTRUMENTS	DERIVATIVE INSTRUMENTS SUMMARY OF DERIVATIVE INSTRUMENTS Our primary objective in holding derivatives is to reduce the volatility of earnings and cash flows associated with changes in foreign currency exchange rates. Our derivatives expose us to credit risk to the extent that our counterparties may be unable to meet the terms of the arrangement. We seek to mitigate such risk by limiting our counterparties to, and by spreading the risk across, major financial institutions and by entering into collateral security arrangements. In addition, the potential risk of loss with any one counterparty resulting from this type of credit risk is monitored on an ongoing basis. We do not use any derivative instruments for trading or speculative purposes. Cash flow hedges We have significant international revenues and expenses denominated in foreign currencies, which subjects us to foreign currency exchange risk. We have a foreign currency exposure management program in which we designate certain foreign currency exchange contracts, generally with maturities of 12 months or less, to reduce the volatility of cash flows primarily related to forecasted revenues and expenses denominated in certain foreign currencies. The objective of these foreign currency exchange contracts is to help mitigate the risk that the U.S. dollar-equivalent cash flows are adversely affected by changes in the applicable U.S. dollar/foreign currency exchange rate. These derivative instruments are designated as cash flow hedges and accordingly, the derivative’s gain or loss is initially reported as a component of AOCI and subsequently reclassified into revenue or applicable expense line item in the condensed consolidated statements of income (loss) in the same period the forecasted transaction affects earnings. We evaluate the effectiveness of our foreign currency exchange contracts on a quarterly basis by comparing the critical terms of the derivative instruments with the critical terms of the forecasted cash flows of the hedged item; if the critical terms are the same, we conclude the hedge will be perfectly effective. We do not exclude any component of the changes in fair value of the derivative instruments from the assessment of hedge effectiveness. We report cash flows arising from derivative instruments consistent with the classification of cash flows from the underlying hedged items that these derivatives are hedging. Accordingly, the cash flows associated with derivatives designated as cash flow hedges are classified in cash flows from operating activities on our condensed consolidated statements of cash flows. As of September 30, 2024, we estimated that $106 million of net derivative losses related to our cash flow hedges included in AOCI are expected to be reclassified into earnings within the next 12 months. During the three and nine months ended September 30, 2024 and 2023, we did not discontinue any cash flow hedges because it was probable that the original forecasted transaction would not occur and as such, did not reclassify any gains or losses to earnings prior to the occurrence of the hedged transaction. If we elect to discontinue our cash flow hedges and it is probable that the original forecasted transaction will occur, we continue to report the derivative’s gain or loss in AOCI until the forecasted transaction affects earnings, at which point we also reclassify it into earnings. Gains and losses on derivatives held after we discontinue our cash flow hedges and on derivative instruments that are not designated as cash flow hedges are recorded in the same financial statement line item to which the derivative relates. Net investment hedges We use forward foreign currency exchange contracts to reduce the foreign currency exchange risk related to our investment in certain foreign subsidiaries. These derivatives are designated as net investment hedges and accordingly, the gains and losses on the portion of the derivatives included in the assessment of hedge effectiveness is recorded in AOCI as part of foreign currency translation. We exclude forward points from the assessment of hedge effectiveness and recognize them in other income (expense), net on a straight-line basis over the life of the hedge. The accumulated gains and losses associated with these instruments will remain in AOCI until the foreign subsidiaries are sold or substantially liquidated, at which point they will be reclassified into earnings. The cash flows associated with derivatives designated as a net investment hedge are classified in cash flows from investing activities on our condensed consolidated statements of cash flows. We have not reclassified any gains or losses related to net investment hedges from AOCI into earnings for any of the periods presented. Foreign currency exchange contracts not designated as hedging instruments We have a foreign currency exposure management program in which we use foreign currency exchange contracts to offset the foreign currency exchange risk of our assets and liabilities denominated in currencies other than the functional currency of our subsidiaries. These contracts are not designated as hedging instruments and reduce, but do not entirely eliminate, the impact of foreign currency exchange rate movements on our assets and liabilities. The gains and losses due to remeasurement of certain foreign currency denominated monetary assets and liabilities are recorded in other income (expense), net, which are offset by the gains and losses on these foreign currency exchange contracts. The cash flows associated with our non-designated derivatives used to hedge foreign currency denominated monetary assets and liabilities are classified in cash flows from operating activities on our condensed consolidated statements of cash flows. FAIR VALUE OF DERIVATIVE CONTRACTS The fair value of our outstanding derivative instruments as of September 30, 2024 and December 31, 2023 was as follows: Balance Sheet Location September 30, December 31, (In millions) Derivative Assets: Foreign currency exchange contracts designated as hedging instruments Other current assets $ 42 $ 7 Foreign currency exchange contracts designated as hedging instruments Other assets (non-current) 152 77 Foreign currency exchange contracts not designated as hedging instruments Other current assets 20 57 Total derivative assets $ 214 $ 141 Derivative Liabilities: Foreign currency exchange contracts designated as hedging instruments Other current liabilities $ 111 $ 64 Foreign currency exchange contracts not designated as hedging instruments Other current liabilities 50 67 Total derivative liabilities $ 161 $ 131 MASTER NETTING AGREEMENTS - RIGHTS OF SET-OFF Under master netting agreements with certain counterparties to our derivative contracts, repurchase agreements, and reverse repurchase agreements, subject to applicable requirements, we are allowed to net settle transactions of the same type with a single net amount payable by one party to the other. PayPal has not elected to offset for balance sheet presentation and we present the derivative assets, derivative liabilities, repurchase agreements and reverse repurchase agreements on a gross basis on our condensed consolidated balance sheets. Rights of set-off associated with our derivative contracts represented a potential offset to both assets and liabilities of $19 million as of September 30, 2024 and $38 million as of December 31, 2023. We have entered into collateral security arrangements with certain counterparties that provide for collateral to be received or posted when the net fair value of certain financial instruments fluctuates from contractually established thresholds. Receivables related to cash collateral posted and payables related to cash collateral received are recognized in other current assets and other current liabilities, respectively, on our condensed consolidated balance sheets. The following table provides the collateral posted and received: September 30, December 31, (In millions) Cash collateral posted $ 138 $ 80 Cash collateral received $ 5 $ 6 Non-cash collateral received (1) $ 109 $ — (1) Non-cash collateral is related to reverse repurchase agreements and is not included in the condensed consolidated balance sheet unless the counterparty defaults. EFFECT OF DERIVATIVE CONTRACTS ON CONDENSED CONSOLIDATED FINANCIAL STATEMENTS The following tables provide the location in the condensed consolidated statements of income (loss) and amount of recognized gains or losses related to our derivative instruments: Three Months Ended September 30, 2024 2023 (In millions) Net revenues Other income (expense), net Net revenues Other income (expense), net Total amounts presented in the condensed consolidated statements of income (loss) in which the effects of cash flow hedges and net investment hedges are recorded $ 7,847 $ (80) $ 7,418 $ 73 Gains (losses) on derivatives in cash flow hedging relationship: Amount of net gains (losses) on foreign currency exchange contracts reclassified from AOCI (12) — 7 — Gains (losses) on derivatives in net investment hedging relationship: Amount of net gains (losses) on foreign currency exchange contracts excluded from the assessment of effectiveness — 20 — 20 Gains (losses) on derivatives not designated as hedging instruments: Amount of net gains (losses) on foreign currency exchange contracts — (177) — 54 Total net gains (losses) $ (12) $ (157) $ 7 $ 74 Nine Months Ended September 30, 2024 2023 (In millions) Net revenues Other income (expense), net Net revenues Other income (expense), net Total amounts presented in the condensed consolidated statements of income (loss) in which the effects of cash flow hedges and net investment hedges are recorded $ 23,431 $ 35 $ 21,745 $ 318 Gains (losses) on derivatives in cash flow hedging relationship: Amount of net gains (losses) on foreign exchange contracts reclassified from AOCI 10 — 117 — Gains (losses) on derivatives in net investment hedging relationship: Amount of net gains (losses) on foreign exchange contracts excluded from the assessment of effectiveness — 61 — 79 Gains (losses) on derivatives not designated as hedging instruments: Amount of net gains (losses) on foreign exchange contracts — (172) — (102) Total net gains (losses) $ 10 $ (111) $ 117 $ (23) The following table provides the amount of pre-tax unrealized gains or losses included in the assessment of hedge effectiveness related to our derivative instruments designated as hedging instruments that are recognized in other comprehensive income (loss): Three Months Ended September 30, Nine Months Ended September 30, 2024 2023 2024 2023 (In millions) Unrealized net gains (losses) on foreign exchange contracts designated as cash flow hedges $ (160) $ 116 $ (39) $ 92 Unrealized net gains (losses) on foreign exchange contracts designated as net investment hedges (149) 35 50 231 Total unrealized net gains (losses) recognized from derivative contracts designated as hedging instruments in the condensed consolidated statements of comprehensive income (loss) $ (309) $ 151 $ 11 $ 323 NOTIONAL AMOUNTS OF DERIVATIVE CONTRACTS Derivative transactions are measured in terms of the notional amount; however, this amount is not recorded on the balance sheet and is not, when viewed in isolation, a meaningful measure of the risk profile of the derivative instruments. The notional amount is generally not exchanged, but is used only as the underlying basis on which the value of foreign currency exchange payments under these contracts is determined. The following table provides the notional amounts of our outstanding derivatives: September 30, December 31, (In millions) Foreign exchange contracts designated as hedging instruments $ 6,921 $ 6,767 Foreign exchange contracts not designated as hedging instruments 11,754 14,025 Total $ 18,675 $ 20,792

LOANS AND INTEREST RECEIVABLE

LOANS AND INTEREST RECEIVABLE	9 Months Ended
	Sep. 30, 2024
Receivables [Abstract]
LOANS AND INTEREST RECEIVABLE	LOANS AND INTEREST RECEIVABLE LOANS AND INTEREST RECEIVABLE, HELD FOR SALE In June 2023, we entered into a multi-year agreement with a global investment firm to sell up to €40 billion of our eligible consumer installment receivables portfolio, including a forward-flow arrangement for the sale of future originations. Loans and interest receivable, held for sale are recorded at the lower of cost or fair value, determined on an aggregate basis, with valuation changes and any associated charge-offs recorded in restructuring and other on our condensed consolidated statements of income (loss). During the nine months ended September 30, 2023, we reclassified approximately $1.2 billion of eligible consumer installment receivables from loans and interest receivable, net to loans and interest receivable, held for sale. As of September 30, 2024 and December 31, 2023, loans and interest receivable, held for sale was $471 million and $563 million, respectively. During the nine months ended September 30, 2024, we sold $14.7 billion of loans and interest receivable in connection with this agreement. LOANS AND INTEREST RECEIVABLE, NET Consumer receivables We offer revolving and installment credit products as a funding option for consumers in certain checkout transactions on our payments platform. Our revolving credit product consists of PayPal Credit in the U.K., which is made available to consumers as a funding source in their PayPal wallet once they are approved for credit. Additionally, we offer installment credit products at the time of checkout in various markets, including the U.S., several markets across Europe, Australia, and Japan. We offer non interest-bearing installment credit products in these markets as well as interest-bearing installment credit products in the U.S. and Germany. We purchase receivables related to interest-bearing installment loans extended to U.S. consumers by an independent chartered financial institution (“partner institution”) and are responsible for the servicing functions related to that portfolio. During the nine months ended September 30, 2024 and 2023, we purchased approximately $390 million and $643 million in consumer receivables, respectively. As of September 30, 2024 and December 31, 2023, the outstanding balance of consumer receivables, which consisted of revolving and installment loans and interest receivable, was $5.1 billion and $4.8 billion, respectively, net of the participation interest sold to the partner institution of $16 million and $14 million, respectively. We closely monitor the credit quality of our consumer receivables to evaluate and manage our related exposure to credit risk. Credit risk management begins with initial underwriting and continues through the full repayment of a loan. To assess a consumer who requests a loan, we use, among other indicators, internally developed risk models using detailed information from external sources, such as credit bureaus where available, and internal data, including the consumer’s prior repayment history with our credit products where available. We use delinquency status and trends to assist in making (or, for interest-bearing installment loans in the U.S., to assist the partner institution in making) new and ongoing credit decisions, to adjust our models, to plan our collection practices and strategies, and in determining our allowance for consumer loans and interest receivable. Consumer receivables delinquency and allowance The following tables present the delinquency status and gross charge-offs of consumer loans and interest receivable by year of origination. The amounts are based on the number of days past the billing date for revolving loans or contractual repayment date for installment loans. The “current” category represents balances that are within 29 days of the billing date or contractual repayment date, as applicable. September 30, 2024 (In millions, except percentages) Revolving Loans Installment Loans Amortized Cost Basis 2024 2023 2022 2021 2020 Total Percent Consumer loans and interest receivable: Current $ 2,447 $ 1,895 $ 480 $ 79 $ — $ — $ 4,901 95.9% 30 - 59 Days 27 41 13 2 — — 83 1.6% 60 - 89 Days 18 17 6 1 — — 42 0.8% 90 - 179 Days 41 33 10 3 — — 87 1.7% Total $ 2,533 $ 1,986 $ 509 $ 85 $ — $ — $ 5,113 100% Gross charge-offs for the nine months ended September 30, 2024 $ 104 $ 11 $ 119 $ 13 $ 1 $ — $ 248 December 31, 2023 (In millions, except percentages) Revolving Loans Installment Loans Amortized Cost Basis 2023 2022 2021 2020 2019 Total Percent Consumer loans and interest receivable: Current $ 2,225 $ 2,045 $ 289 $ — $ — $ — $ 4,559 95.4% 30 - 59 Days 27 34 4 1 — — 66 1.4% 60 - 89 Days 20 26 4 — — — 50 1.0% 90 - 179 Days 41 55 8 1 — — 105 2.2% Total $ 2,313 $ 2,160 $ 305 $ 2 $ — $ — $ 4,780 100% Gross charge-offs for the year ended December 31, 2023 $ 125 $ 101 $ 140 $ 5 $ — $ — $ 371 The following table summarizes the activity in the allowance for consumer loans and interest receivable for the nine months ended September 30, 2024 and 2023: September 30, 2024 September 30, 2023 Consumer Loans Receivable Interest Receivable Total Allowance Consumer Loans Receivable Interest Receivable Total Allowance (1) (In millions) Beginning balance $ 357 $ 23 $ 380 $ 322 $ 25 $ 347 Changes in allowance due to reclassification of loans and interest receivable to or from held for sale — — — (33) — (33) Provisions 175 5 180 271 20 291 Charge-offs (230) (18) (248) (250) (22) (272) Recoveries 35 — 35 29 — 29 Other (2) 9 1 10 (5) — (5) Ending balance $ 346 $ 11 $ 357 $ 334 $ 23 $ 357 (1) Beginning balances, provisions and charge-offs include amounts related to loans and interest receivable prior to their reclassification to loan and interest receivable, held for sale. (2) Includes amounts related to foreign currency remeasurement. The provision for the nine months ended September 30, 2024 for our consumer receivable portfolio was primarily attributable to loan originations during the period for installment loans in Japan and revolving loans in the U.K. Charge-offs for the nine months ended September 30, 2024 were lower than the same period of the prior year due to improvement of the credit quality of the portfolio. The provision for current expected credit losses relating to our consumer receivable portfolio is recognized in transaction and credit losses on our condensed consolidated statements of income (loss). The provision for interest receivable for interest earned on our consumer receivable portfolio is recognized in revenues from other value added services as a reduction to revenue. Loans receivable continue to accrue interest until they are charged off. We charge off consumer receivable balances in the month in which a customer’s balance becomes 180 days past the billing date or contractual repayment date, except for the U.S. consumer interest-bearing installment receivables, which are charged off 120 days past the contractual repayment date. Accounts in bankruptcy are charged off within 60 days after receipt of notification of bankruptcy. Charge-offs are recorded as a reduction to our allowance for loans and interest receivable and subsequent recoveries, if any, are recorded as an increase to the allowance for loans and interest receivable. Merchant receivables We offer access to merchant finance products for certain small and medium-sized businesses through our PayPal Working Capital (“PPWC”) and PayPal Business Loan (“PPBL”) products, which we collectively refer to as our merchant finance offerings. We purchase receivables related to credit extended to U.S. merchants by a partner institution and are responsible for the servicing functions related to that portfolio. During the nine months ended September 30, 2024 and 2023, we purchased approximately $1.2 billion and $1.3 billion in merchant receivables, respectively. As of September 30, 2024 and December 31, 2023, the total outstanding balance in our pool of merchant loans, advances, and interest and fees receivable was $1.4 billion, and $1.2 billion, net of the participation interest sold to the partner institution of $47 million and $44 million, respectively. Through our PPWC product, merchants can borrow a certain percentage of their annual payment volume processed by PayPal and are charged a fixed fee for the loan or advance based on the overall credit assessment of the merchant. Loans and advances are repaid through a fixed percentage of the merchant’s future payment volume that PayPal processes. Through our PPBL product, we provide merchants access to short-term business financing for a fixed fee based on an evaluation of the applying business as well as the business owner. PPBL repayments are collected through periodic payments until the balance has been satisfied. The interest or fee is fixed at the time the loan or advance is extended and is recognized as deferred revenue in accrued expenses and other current liabilities on our condensed consolidated balance sheets. The fixed interest or fee is amortized into revenues from other value added services based on the amount repaid over the repayment period. We estimate the repayment period for PPWC based on the merchant’s payment processing history with PayPal. For PPWC, there is a general requirement that at least 10% of the original amount of the loan or advance plus the fixed fee must be repaid every 90 days. We calculate the repayment rate of the merchant’s future payment volume so that repayment of the loan or advance and fixed fee is expected to generally occur within 9 to 12 months from the date of the loan or advance. On a monthly basis, we recalculate the repayment period based on the repayment activity on the receivable. As such, actual repayment periods are dependent on actual merchant payment processing volumes. For PPBL, we receive fixed periodic payments over the contractual term of the loan, which generally ranges from 3 to 12 months. We actively monitor receivables with repayment periods greater than the original expected or contractual repayment period, as well as the credit quality of our merchant loans and advances that we extend or purchase, so that we can evaluate, quantify, and manage our credit risk exposure. To assess a merchant seeking a loan or advance, we use, among other indicators, risk models developed internally which utilize information obtained from multiple internal and external data sources to predict the likelihood of timely and satisfactory repayment by the merchant of the loan or advance amount and the related interest or fee. Primary drivers of the models include the merchant’s annual payment volume, payment processing history with PayPal, prior repayment history with PayPal’s credit products where available, information sourced from consumer and business credit bureau reports, and other information obtained during the application process. We use delinquency status and trends to assist in making (or, in the U.S., to assist the partner institution in making) ongoing credit decisions, to adjust our internal models, to plan our collection strategies, and in determining our allowance for these loans, advances, and interest and fees receivable. Merchant receivables delinquency and allowance The following tables present the delinquency status and gross charge-offs of merchant loans, advances, and interest and fees receivable by year of origination. The amounts are based on the number of days past the expected or contractual repayment date for amounts outstanding. The “current” category represents balances that are within 29 days of the expected repayment date or contractual repayment date, as applicable. September 30, 2024 (In millions, except percentages) 2024 2023 2022 2021 2020 Prior Total Percent Merchant loans, advances, and interest and fees receivable: Current $ 1,130 $ 66 $ 18 $ 1 $ 11 $ 7 $ 1,233 91.3% 30 - 59 Days 32 17 5 1 — — 55 4.1% 60 - 89 Days 11 9 5 — — — 25 1.8% 90 - 179 Days 11 15 5 — 1 — 32 2.4% 180+ Days — 4 2 — — — 6 0.4% Total $ 1,184 $ 111 $ 35 $ 2 $ 12 $ 7 $ 1,351 100% Gross charge-offs for the nine months ended September 30, 2024 $ 4 $ 78 $ 37 $ 2 $ 5 $ 1 $ 127 December 31, 2023 (In millions, except percentages) 2023 2022 2021 2020 2019 Total Percent Merchant loans, advances, and interest and fees receivable: Current $ 925 $ 74 $ 3 $ 22 $ 14 $ 1,038 87.0% 30 - 59 Days 37 16 2 2 1 58 4.9% 60 - 89 Days 16 12 1 1 1 31 2.5% 90 - 179 Days 27 28 1 1 1 58 4.9% 180+ Days 2 4 1 — 1 8 0.7% Total $ 1,007 $ 134 $ 8 $ 26 $ 18 $ 1,193 100% Gross charge-offs for the year ended December 31, 2023 $ 38 $ 228 $ 14 $ 16 $ 4 $ 300 The following table summarizes the activity in the allowance for merchant loans, advances, and interest and fees receivable for the nine months ended September 30, 2024 and 2023: September 30, 2024 September 30, 2023 Merchant Loans and Advances Interest and Fees Receivable Total Allowance Merchant Loans and Advances Interest and Fees Receivable Total Allowance (In millions) Beginning balance $ 148 $ 12 $ 160 $ 230 $ 18 $ 248 Provisions 50 — 50 135 24 159 Charge-offs (120) (7) (127) (204) (24) (228) Recoveries 21 — 21 19 — 19 Ending balance $ 99 $ 5 $ 104 $ 180 $ 18 $ 198 The provision for the nine months ended September 30, 2024 was primarily attributable to loan originations during the period partially offset by improvement in credit quality of the PPBL portfolio. In the third quarter of 2024, we updated our expected credit loss model for our PPWC portfolio to reflect its current risk characteristics. These changes did not have a material impact on our provision recorded in the period. The decrease in charge-offs for the nine months ended September 30, 2024 compared to the same period of the prior year was due to the decrease in originations in the second half of 2023 and improvement in credit quality of the PPBL portfolio. For merchant loans and advances, the determination of delinquency is based on the current expected or contractual repayment period of the loan or advance and fixed interest or fee payment as compared to the original expected or contractual repayment period. We charge off the receivables outstanding under our PPBL product when the repayments are 180 days past the contractual repayment date. We charge off the receivables outstanding under our PPWC product when the repayments are 180 days past our expectation of repayments and the merchant has not made a payment in the last 60 days, or when the repayments are 360 days past due regardless of whether the merchant has made a payment in the last 60 days. Accounts in bankruptcy are charged off within 60 days after receipt of notification of bankruptcy. The provision for credit losses on merchant loans and advances is recognized in transaction and credit losses on our condensed consolidated statements of income (loss), and the provision for interest and fees receivable is recognized as a reduction of deferred revenue in accrued expenses and other current liabilities on our condensed consolidated balance sheets. Charge-offs are recorded as a reduction to our allowance for loans and interest receivable and subsequent recoveries, if any, are recorded as an increase to the allowance for loans and interest receivable.

DEBT

DEBT	9 Months Ended
	Sep. 30, 2024
Debt Disclosure [Abstract]
DEBT	DEBT FIXED RATE NOTES In May 2024, we issued fixed rate notes with varying maturity dates for an aggregate principal amount of $1.3 billion. Interest on these notes is payable on June 1 and December 1 of each year, beginning on December 1, 2024. In June 2023, May 2022, May 2020, and September 2019, we issued fixed rate notes with varying maturity dates for an aggregate principal amount of ¥90 billion (approximately $633 million as of September 30, 2024), $3.0 billion, $4.0 billion and $5.0 billion, respectively. The notes issued from the May 2024, June 2023, May 2022, May 2020, and September 2019 debt issuances are senior unsecured obligations and are collectively referred to as the “Notes.” We may redeem the Notes in whole, at any time, or in part (except for the June 2023 notes), from time to time, prior to maturity, at their redemption prices. Upon the occurrence of both a change of control of the Company and a downgrade of the Notes below an investment grade rating, we will be required to offer to repurchase each series of Notes at a price equal to 101% of the then outstanding principal amounts, plus accrued and unpaid interest. The Notes are subject to covenants, including limitations on our ability to create liens on our assets, enter into sale and leaseback transactions, and merge or consolidate with another entity, in each case subject to certain exceptions, limitations, and qualifications. Proceeds from the issuance of these Notes may be used for general corporate purposes, which may include funding the repayment or redemption of outstanding debt, share repurchases, ongoing operations, capital expenditures, acquisitions of businesses, assets, or strategic investments. As of September 30, 2024 and December 31, 2023, we had an outstanding aggregate principal amount of $11.9 billion and $10.6 billion, respectively, related to the Notes. The following table summarizes the Notes outstanding: Maturities Effective Interest Rate September 30, December 31, (in millions) September 2019 debt issuance: Fixed-rate 2.400% notes 10/1/2024 2.52% $ 1,250 $ 1,250 Fixed-rate 2.650% notes 10/1/2026 2.78% 1,250 1,250 Fixed-rate 2.850% notes 10/1/2029 2.96% 1,500 1,500 May 2020 debt issuance: Fixed-rate 1.650% notes 6/1/2025 1.78% 1,000 1,000 Fixed-rate 2.300% notes 6/1/2030 2.39% 1,000 1,000 Fixed-rate 3.250% notes 6/1/2050 3.33% 1,000 1,000 May 2022 debt issuance: Fixed-rate 3.900% notes 6/1/2027 4.06% 500 500 Fixed-rate 4.400% notes 6/1/2032 4.53% 1,000 1,000 Fixed-rate 5.050% notes 6/1/2052 5.14% 1,000 1,000 Fixed-rate 5.250% notes 6/1/2062 5.34% 500 500 June 2023 debt issuance (1) : ¥30 billion fixed-rate 0.813% notes 6/9/2025 0.89% 211 213 ¥23 billion fixed-rate 0.972% notes 6/9/2026 1.06% 162 163 ¥37 billion fixed-rate 1.240% notes 6/9/2028 1.31% 260 262 May 2024 debt issuance: Fixed-rate 5.150% notes 6/1/2034 5.35% 850 — Fixed-rate 5.500% notes 6/1/2054 5.66% 400 — Total term debt $ 11,883 $ 10,638 Unamortized premium (discount) and issuance costs, net (80) (68) Less: current portion of term debt (2) (2,460) (1,249) Total carrying amount of term debt $ 9,343 $ 9,321 (1) Principal amounts represent the U.S. dollar equivalent as of September 30, 2024 and December 31, 2023, respectively. (2) The current portion of term debt is included within “accrued expenses and other current liabilities” on our condensed consolidated balance sheets. The effective interest rates for the Notes include interest on the Notes, amortization of debt issuance costs, and amortization of the debt discount. The interest expense recorded for the Notes, including amortization of the debt discount and debt issuance costs, was $100 million and $274 million for the three and nine months ended September 30, 2024, respectively. The interest expense recorded for the Notes, including amortization of the debt discount and debt issuance costs, was $84 million and $250 million for the three and nine months ended September 30, 2023, respectively. CREDIT FACILITIES Paidy credit agreement In February 2022, we entered into a credit agreement (the “Paidy Credit Agreement”) with Paidy as co-borrower, which provided for an unsecured revolving credit facility of ¥60.0 billion, which was modified in September 2022 to increase the borrowing capacity by ¥30.0 billion for a total borrowing capacity of ¥90.0 billion (approximately $633 million as of September 30, 2024). Borrowings under the Paidy Credit Agreement are for use by Paidy for working capital, capital expenditures, and other permitted purposes. Loans under the Paidy Credit Agreement bear interest at the Tokyo Interbank Offered Rate plus a margin (based on our public debt rating) ranging from 0.40% to 0.60%. The Paidy Credit Agreement will terminate and all amounts owed thereunder will be due and payable in February 2027, unless the commitments are terminated earlier. The Paidy Credit Agreement contains customary representations, warranties, affirmative and negative covenants, including a financial covenant, events of default, and indemnification provisions in favor of the lenders. The negative covenants include restrictions regarding the incurrence of liens and subsidiary indebtedness, in each case subject to certain exceptions. The financial covenant requires us to meet a quarterly financial test with respect to a maximum consolidated leverage ratio. As of September 30, 2024 and December 31, 2023, ¥90.0 billion (approximately $633 million) and ¥50.0 billion (approximately $355 million) was drawn down under the Paidy Credit Agreement, respectively, which was recorded in long-term debt on our condensed consolidated balance sheets. At September 30, 2024, no borrowing capacity was available for the purposes permitted by the Paidy Credit Agreement. During the three and nine months ended September 30, 2024 and 2023, the total interest expense and fees we recorded related to the Paidy Credit Agreement were de minimis. Other available facilities As of September 30, 2024 and December 31, 2023, we had short-term borrowings of nil and $359 million, respectively, due to bank overdrafts, which were recorded in accrued expenses and other liabilities on our condensed consolidated balance sheets. The weighted average interest rate on the borrowing was 7.92% as of December 31, 2023. We repaid $400 million of borrowings due to bank overdrafts during the nine months ended September 30, 2024. The total interest expense and fees we recorded related to the borrowings were de minimis. FUTURE PRINCIPAL PAYMENTS As of September 30, 2024, the future principal payments associated with our term debt were as follows (in millions): Remaining 2024 $ 1,250 2025 1,211 2026 1,412 2027 500 2028 260 Thereafter 7,250 Total $ 11,883 Other than as provided above, there were no significant changes to the information disclosed in our 2023 Form 10-K.

COMMITMENTS AND CONTINGENCIES

COMMITMENTS AND CONTINGENCIES	9 Months Ended
	Sep. 30, 2024
Commitments and Contingencies Disclosure [Abstract]
COMMITMENTS AND CONTINGENCIES	COMMITMENTS AND CONTINGENCIES LITIGATION AND REGULATORY MATTERS Overview We are involved in legal and regulatory proceedings on an ongoing basis. Certain of these proceedings are in early stages and may seek an indeterminate amount of damages or penalties or may require us to change or adopt certain business practices. If we believe that a loss arising from such matters is probable and can be reasonably estimated, we accrue the estimated liability in our financial statements at that time. If only a range of estimated losses can be determined, we accrue an amount within the range that, in our judgment, reflects the most likely outcome; if none of the estimates within that range is a better estimate than any other amount, we accrue the low end of the range. For those proceedings in which an unfavorable outcome is reasonably possible but not probable, we have disclosed an estimate of the reasonably possible loss or range of losses or we have concluded that an estimate of the reasonably possible loss or range of losses arising directly from the proceeding (i.e., monetary damages or amounts paid in judgment or settlement) are not material. If we cannot estimate the probable or reasonably possible loss or range of losses arising from a legal proceeding, we have disclosed that fact. In assessing the materiality of a legal proceeding, we evaluate, among other factors, the amount of monetary damages claimed, as well as the potential impact of non-monetary remedies sought by plaintiffs (e.g., injunctive relief) that may require us to change our business practices in a manner that could have a material adverse impact on our business. With respect to the matters disclosed in this Note 13, we are unable to estimate the possible loss or range of losses that could potentially result from the application of such non-monetary remedies. Amounts accrued for legal and regulatory proceedings for which we believe a loss is probable and reasonably estimable were not material as of September 30, 2024. Except as otherwise noted for the proceedings described in this Note 13, we have concluded, based on currently available information, that reasonably possible losses arising directly from the proceedings (i.e., monetary damages or amounts paid in judgment or settlement) in excess of our recorded accruals are also not material. Determining legal reserves or possible losses from such matters involves judgment and may not reflect the full range of uncertainties and unpredictable outcomes. We may be exposed to losses in excess of the amount recorded, and such amounts could be material. If any of our estimates and assumptions change or prove to have been incorrect, it could have a material adverse effect on our business, financial position, results of operations, or cash flows. Regulatory proceedings PayPal Australia Pty Limited (“PPAU”) self-reported a potential violation to the Australian Transaction Reports and Analysis Centre (“AUSTRAC”) on May 22, 2019. This self-reported matter relates to PPAU incorrectly filing required international funds transfer instructions over a period of time under the Anti-Money Laundering and Counter-Terrorism Financing Act 2006 (“AML/CTF Act”). On September 23, 2019, PPAU received a notice from AUSTRAC requiring that PPAU appoint an external auditor (a partner of a firm which is not our independent auditor) to review certain aspects of PPAU’s compliance with its obligations under the AML/CTF Act. The external auditor was appointed on November 1, 2019. AUSTRAC had notified PPAU that its enforcement team was investigating the matters reported upon by the external auditor in its August 31, 2020 final report. As a resolution of this investigation, on March 17, 2023, AUSTRAC’s Chief Executive Officer accepted an enforceable undertaking from PPAU in relation to the self-reported issues. The enforceable undertaking does not include a monetary penalty. The entry into and compliance with the enforceable undertaking will not require a change to our business practices in a manner that could result in a material loss, require significant management time, result in the diversion of significant operational resources, or otherwise adversely affect our business. PPAU is required to deliver an Assurance Action Plan (“AAP”) under the enforceable undertaking to demonstrate that the governance and oversight arrangements following the remedial work completed by PPAU are sustainable and appropriate. The enforceable undertaking requires PPAU to appoint an external auditor. The external auditor was appointed on June 22, 2023 to assess and report on the appropriateness, sustainability and efficacy of the actions to be taken under the AAP. PPAU provided the external auditor’s final report to AUSTRAC on April 16, 2024. The successful completion of the enforceable undertaking is subject to AUSTRAC’s ultimate review and decision based on the external auditor’s final report. We cannot predict the outcome of AUSTRAC’s decision. Any failure to comply with the enforceable undertaking could result in penalties or require us to change our business practices. In February 2022, we received a Civil Investigative Demand (“CID”) from the Federal Trade Commission (“FTC”) related to PayPal’s practices relating to commercial customers that submit charges on behalf of other merchants or sellers, and related activities. The CID requests the production of documents and answers to written questions. We are cooperating with the FTC in connection with this CID. In January 2023, we received notice of an administrative proceeding and a related request for information from the German Federal Cartel Office (“FCO”) related to terms in PayPal (Europe) S.à.r.l. et Cie, S.C.A.’s contractual terms with merchants in Germany prohibiting surcharging and requiring parity presentation of PayPal relative to other payment methods. We are cooperating with the FCO in connection with this proceeding. We have received CIDs from the Consumer Financial Protection Bureau (“CFPB”) related to investigation and error-resolution obligations under Regulation E, the presentment of transactions to linked bank accounts, and related matters. The CIDs request the production of documents and answers to written questions. We are cooperating with the CFPB in connection with these CIDs. On November 1, 2023, we received a subpoena from the U.S. SEC Division of Enforcement relating to PayPal USD stablecoin. The subpoena requests the production of documents. We are cooperating with the SEC in connection with this request. In August 2024, we received a CID from the CFPB related to PayPal Credit. The CID also relates to backup payment options in a digital wallet to pay for goods or services. The CID requests the production of documents and answers to written questions. We are cooperating with the CFPB in connection with this CID. Legal proceedings On October 4, 2022, a putative securities class action captioned Defined Benefit Plan of the Mid-Jersey Trucking Industry and Teamsters Local 701 Pension and Annuity Fund v. PayPal Holdings, Inc., et al. , Case No. 22-cv-5864, was filed in the U.S. District Court for the District of New Jersey. On January 11, 2023, the Court appointed Caisse de dépôt et placement du Québec as lead plaintiff and renamed the action In re PayPal Holdings, Inc. Securities Litigation (“PPH Securities Action”). On March 13, 2023, the lead plaintiff filed an amended and consolidated complaint. The PPH Securities Action asserts claims relating to our public statements with respect to net new active accounts (“NNA”) results and guidance, and the detection of illegitimately created accounts. The PPH Securities Action purports to be brought on behalf of purchasers of the Company’s stock between February 3, 2021 and February 1, 2022 (the “Class Period”), and asserts claims for alleged violations of Section 10(b) of the Exchange Act against the Company, as well as its former Chief Executive Officer, former Chief Strategy, Growth and Data Officer, and former Chief Financial Officer (collectively, the “Individual Defendants,” and together with the Company, “Defendants”), and for alleged violations of Sections 20(a) and 20A of the Exchange Act against the Individual Defendants. The complaint alleges that certain public statements made by Defendants during the Class Period were rendered materially false and misleading (which, allegedly, caused the Company’s stock to trade at artificially inflated prices) by the Defendants’ failure to disclose that, among other things, the Company’s incentive campaigns were susceptible to fraud and led to the creation of illegitimate accounts, which allegedly affected the Company’s NNA results and guidance. The PPH Securities Action seeks unspecified compensatory damages on behalf of the putative class members. Defendants have filed a motion to dismiss the PPH Securities Action, which is fully briefed and pending before the court. On November 2, 2022, a putative shareholder derivative action captioned Shah v. Daniel Schulman, et al. , Case No. 22-cv-1445, was filed in the U.S. District Court for the District of Delaware (the “Shah Action”), purportedly on behalf of the Company. On April 4, 2023, a putative shareholder derivative action captioned Nelson v. Daniel Schulman, et. al. , Case No. 23-cv-01913, was filed in the U.S. District Court for the District of New Jersey (the “Nelson Action”) purportedly on behalf of the Company. The Shah and Nelson Actions are based on the same alleged facts and circumstances as the PPH Securities Action, and name certain of our officers, including our former Chief Executive Officer and former Chief Financial Officer, and members of our Board of Directors, as defendants. The Shah and Nelson Actions allege claims for breach of fiduciary duty, aiding and abetting breach of fiduciary duty, unjust enrichment, waste of corporate assets, gross mismanagement and violations of the Exchange Act, and seek to recover damages on behalf of the Company. The Shah and Nelson Actions have been stayed pending further developments in the PPH Securities Action. On December 20, 2022, a civil lawsuit captioned State of Hawai‘i, by its Office of Consumer Protection, v. PayPal, Inc., and PayPal Holdings, Inc. , Case No. 1CCV-22-0001610, was filed in the Circuit Court of the First Circuit of the State of Hawai‘i (the “Hawai‘i Action”). The Hawai‘i Action asserts claims for unfair and deceptive acts and practices under Hawai‘i Revised Statutes Sections 480-2(a) and 481A-3(a). Plaintiff seeks injunctive relief as well as unspecified penalties and other monetary relief. On July 14, 2023, the court denied Defendants’ motion to dismiss the complaint. Trial is scheduled to begin in October 2025. General matters Other third parties have from time to time claimed, and others may claim in the future, that we have infringed their intellectual property rights. We are subject to patent disputes and expect that we will increasingly be subject to additional patent infringement claims involving various aspects of our business as our products and services continue to expand in scope and complexity. Such claims may be brought directly or indirectly against our companies and/or against our customers (who may be entitled to contractual indemnification under their contracts with us), and we are subject to increased exposure to such claims as a result of our acquisitions, particularly in cases where we are introducing new products or services in connection with such acquisitions. We have in the past been forced to litigate such claims, and we believe that additional lawsuits alleging such claims will be filed against us. Intellectual property claims, whether meritorious or not, are time-consuming and costly to defend and resolve, could require expensive changes in our methods of doing business, or could require us to enter into costly royalty or licensing agreements on unfavorable terms or make substantial payments to settle claims or to satisfy damages awarded by courts. From time to time, we are involved in other disputes or regulatory inquiries that arise in the ordinary course of business, including suits by our consumers (individually or as class actions), merchants or regulators alleging, among other things, improper disclosure of our prices, rules, or policies, that our practices, prices, rules, policies, or user, product, business or merchant agreements violate applicable law, or that we have acted unfairly or not acted in conformity with such prices, rules, policies, or agreements. In addition to these types of disputes and regulatory inquiries, our operations are also subject to regulatory and legal review and challenges that may reflect the increasing global regulatory focus to which the payments industry is subject and, when taken as a whole with other regulatory and legislative action, such actions could result in the imposition of costly new compliance burdens on our business and customers and may lead to increased costs and decreased transaction volume and revenue. Further, the number and significance of these disputes and inquiries are increasing as our business has grown and expanded in scale and scope, including the number of active accounts and payments transactions on our platform, the range and increasing complexity of the products and services that we offer, and our geographical operations. Any claims or regulatory actions against us, whether meritorious or not, could be time consuming, result in costly litigation, settlement payments, damage awards (including statutory damages for certain causes of action in certain jurisdictions), fines, penalties, injunctive relief, or increased costs of doing business through adverse judgment or settlement, require us to change our business practices in expensive ways, require significant amounts of management time, result in the diversion of significant operational resources, or otherwise harm our business. INDEMNIFICATION PROVISIONS Our agreements with eBay governing our separation from eBay provide for specific indemnity and liability obligations for both eBay and us. Disputes between eBay and us have arisen and others may arise in the future, and an adverse outcome in such matters could materially and adversely impact our business, results of operations, and financial condition. In addition, the indemnity rights we have against eBay under the agreements may not be sufficient to protect us, and our indemnity obligations to eBay may be significant. In the ordinary course of business, we include indemnification provisions in certain of our agreements with parties with whom we have commercial relationships. Under these contracts, we generally indemnify, hold harmless, and agree to reimburse the indemnified party for losses suffered or incurred by the indemnified party in connection with claims by any third party with respect to our domain names, trademarks, logos, and other branding elements to the extent that such marks are related to the subject agreement. We have provided an indemnity for other types of third-party claims, which may include indemnities related to intellectual property rights, confidentiality, willful misconduct, data privacy obligations, and certain breach of contract claims, among others. We have also provided an indemnity to our payments processors in the event of card association fines against the processor arising out of conduct by us or our customers. It is not possible to determine the maximum potential loss under these indemnification provisions due to our limited history of prior indemnification claims and the unique facts and circumstances involved in each particular situation. PayPal has participated in the U.S. Government’s Paycheck Protection Program administered by the U.S. Small Business Administration. Loans made under this program were funded by an independent chartered financial institution that we partnered with. We received a fee for providing services in connection with these loans and retained operational and audit risk related to those activities. We have agreed, under certain circumstances, to indemnify the chartered financial institution and its assignee of a portion of these loans in connection with the services provided for loans made under this program. As part of the agreement to sell a portion of our consumer installment receivables portfolio, in certain circumstances such as breaches in loan warranties, we may be required to indemnify the global investment firm that purchased the loans or repurchase the loans. The estimate of the maximum potential amount of future payments we may be required to make is equal to the current outstanding balances of the loans sold; however, the maximum potential amount of the indemnification is not, in our view, representative of the expected future exposure. As of September 30, 2024, the outstanding balances of the loans sold was $2.7 billion. The terms of the indemnification align to the maturities of the loans sold. To date, no significant costs have been incurred, either individually or collectively, in connection with our indemnification provisions. OFF-BALANCE SHEET ARRANGEMENTS As of September 30, 2024 and December 31, 2023, we had no off-balance sheet arrangements that have, or are reasonably likely to have, a current or future material effect on our consolidated financial condition, results of operations, liquidity, capital expenditures, or capital resources. PROTECTION PROGRAMS We provide merchants and consumers with protection programs for certain transactions completed on our payments platform. These programs are intended to protect both merchants and consumers from loss primarily due to fraud and counterparty performance. Our Purchase Protection Program provides protection to consumers for qualifying purchases by reimbursing the consumer for the full amount of the purchase if a purchased item does not arrive or does not match the seller’s description. Our Seller Protection Programs provide protection to merchants against claims that a transaction was not authorized by the buyer or claims that an item was not received by covering the seller for the full amount of the payment on eligible sales. These protection programs are considered assurance-type warranties under applicable accounting standards for which we estimate and record associated costs in transaction and credit losses during the period the payment transaction is completed. At September 30, 2024 and December 31, 2023, the allowance for transaction losses was $89 million and $64 million, respectively. The allowance for negative customer balances was $217 million and $218 million at September 30, 2024 and December 31, 2023, respectively. The following table shows changes in the allowance for transaction losses and negative customer balances related to our protection programs for the three and nine months ended September 30, 2024 and 2023: Three Months Ended September 30, Nine Months Ended September 30, 2024 2023 2024 2023 (in millions) Beginning balance $ 270 $ 346 $ 282 $ 278 Provision 264 329 783 915 Realized losses (281) (417) (876) (970) Recoveries 53 39 117 74 Ending balance $ 306 $ 297 $ 306 $ 297

STOCK REPURCHASE PROGRAMS

STOCK REPURCHASE PROGRAMS	9 Months Ended
	Sep. 30, 2024
Equity [Abstract]
STOCK REPURCHASE PROGRAMS	STOCK REPURCHASE PROGRAMS During the nine months ended September 30, 2024, we repurchased approximately 77 million shares of our common stock for approximately $4.8 billion at an average cost of $62.29, excluding excise tax. These shares were purchased in the open market under our stock repurchase program authorized in June 2022. As of September 30, 2024, a total of approximately $6.1 billion remained available for future repurchases of our common stock under our June 2022 stock repurchase program. The Inflation Reduction Act of 2022 imposed a nondeductible 1% excise tax on the net value of certain stock repurchases made after December 31, 2022. Beginning in the first quarter of 2023, we have reflected the applicable excise tax in treasury stock on our condensed consolidated balance sheets. During the nine months ended September 30, 2024, we recorded $40 million in excise tax within treasury stock on our condensed consolidated balance sheets. The payable associated with the excise tax is a non-cash financing activity which is not reflected on the condensed consolidated statement of cash flows until settled.

STOCK-BASED PLANS

STOCK-BASED PLANS	9 Months Ended
	Sep. 30, 2024
Share-Based Payment Arrangement [Abstract]
STOCK-BASED PLANS	STOCK-BASED PLANS In May 2024, our stockholders approved the authorization of an additional 20 million shares to the Amended and Restated PayPal Holdings, Inc. 2015 Equity Incentive Award Plan. STOCK-BASED COMPENSATION EXPENSE Stock-based compensation expense for our equity incentive plans are measured based on their estimated fair value at the time of grant and recognized over the award’s vesting period. The impact on our results of operations of recording stock-based compensation expense under our equity incentive plans for the three and nine months ended September 30, 2024 and 2023 was as follows: Three Months Ended September 30, Nine Months Ended September 30, 2024 2023 2024 2023 (In millions) Customer support and operations $ 50 $ 79 $ 173 $ 227 Sales and marketing 30 44 108 132 Technology and development 111 156 366 453 General and administrative 81 115 257 315 Restructuring and other 28 — 88 — Total stock-based compensation expense $ 300 $ 394 $ 992 $ 1,127 Capitalized as part of internal use software and website development costs $ 32 $ 14 $ 77 $ 38

INCOME TAXES

INCOME TAXES	9 Months Ended
	Sep. 30, 2024
Income Tax Disclosure [Abstract]
INCOME TAXES	INCOME TAXES Our effective tax rate for both the three and nine months ended September 30, 2024 was 23%. Our effective tax rate for the three and nine months ended September 30, 2023 was 18% and 21%, respectively. The difference between our effective tax rate and the U.S. federal statutory rate of 21% in the periods presented was primarily the result of foreign income taxed at different rates, tax expense related to stock-based compensation and other discrete tax adjustments. Gross unrecognized tax benefits were approximately $2.3 billion and $2.2 billion as of September 30, 2024 and December 31, 2023, respectively. Due to various factors, including uncertainties of the judicial, administrative, and regulatory processes in certain jurisdictions, the timing of the resolution of these unrecognized tax benefits is highly uncertain. It is reasonably possible that within the next twelve months, we may receive additional tax adjustments by various tax authorities or possibly reach resolution of audits in one or more jurisdictions. These adjustments or settlements could result in changes to our unrecognized tax benefits related to positions on prior year tax filings. We also continue to accrue unrecognized tax benefits for certain recurring tax positions.

RESTRUCTURING AND OTHER

RESTRUCTURING AND OTHER	9 Months Ended
	Sep. 30, 2024
Restructuring and Related Activities [Abstract]
RESTRUCTURING AND OTHER	RESTRUCTURING AND OTHER During the first quarter of 2024, management initiated a global workforce reduction intended to streamline operations, focus resources on core strategic priorities, and improve our cost structure. The associated restructuring charges during the three and nine months ended September 30, 2024 were $36 million and $294 million, respectively, and included employee severance and benefits costs and stock-based compensation expense, substantially all of which were accrued for as of September 30, 2024. The following table summarizes the restructuring reserve activity during the nine months ended September 30, 2024: Employee Severance and Benefits Costs (In millions) Accrued liability as of January 1, 2024 $ — Charges (1) 206 Payments (182) Accrued liability as of September 30, 2024 (2) $ 24 (1) Excludes stock-based compensation expense of $88 million. (2) Accrued restructuring liability is included in “accrued expenses and other current liabilities” on our condensed consolidated balance sheets. During the first quarter of 2023, management initiated a global workforce reduction intended to focus resources on core strategic priorities, and improve our cost structure and operating efficiency. The associated restructuring charges during the three and nine months ended September 30, 2023 were $3 million and $120 million, respectively. We primarily incurred employee severance and benefits costs, which were substantially completed by the fourth quarter of 2023. We continue to review our real estate and facility capacity requirements due to our new and evolving work models. We incurred asset impairment charges of nil in the three and nine months ended September 30, 2024 and $18 million and $61 million in the three and nine months ended September 30, 2023, respectively, due to exiting of certain leased properties, which resulted in a reduction of ROU lease assets and related leasehold improvements. Additionally, we recognized a gain of $17 million due to the sale of an owned property and we also incurred a loss of $12 million related to another owned property held for sale in the nine months ended September 30, 2023. During the three and nine months ended September 30, 2024, approximately $28 million and $92 million, respectively, of losses were recorded in restructuring and other, which included net loss on sale of loans and interest receivable previously held for sale and fair value adjustments to measure loans and interest receivable, held for sale, at the lower of cost or fair value. During the three and nine months ended September 30, 2023, approximately $15 million and $49 million, respectively, of losses were recorded in restructuring and other, which included fair value adjustments to measure loans and interest receivable, held for sale, at the lower of cost or fair value.

OVERVIEW AND SUMMARY OF SIGNI_2

OVERVIEW AND SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES (Policies)	9 Months Ended
	Sep. 30, 2024
Organization, Consolidation and Presentation of Financial Statements [Abstract]
Basis of presentation	Basis of presentation and principles of consolidation The accompanying condensed consolidated financial statements include the financial statements of PayPal and our wholly- and majority-owned subsidiaries. All intercompany balances and transactions have been eliminated in consolidation. Investments in entities where we have the ability to exercise significant influence, but not control, over the investee are accounted for using the equity method of accounting. For such investments, our share of the investee’s results of operations is included in other income (expense), net on our condensed consolidated statements of income (loss). Investments in entities where we do not have the ability to exercise significant influence over the investee are accounted for at fair value or cost minus impairment, if any, adjusted for changes resulting from observable price changes, which are included in other income (expense), net on our condensed consolidated statements of income (loss). Our investment balances are included as short-term and long-term investments on our condensed consolidated balance sheets. We determine at the inception of each investment, and re-evaluate if certain events occur, whether an entity in which we have made an investment is considered a variable interest entity (“VIE”). If we determine an investment is in a VIE, we then assess if we are the primary beneficiary, which would require consolidation. As of September 30, 2024 and December 31, 2023, no VIEs qualified for consolidation as the structures of these entities do not provide us with the ability to direct activities that would significantly impact their economic performance. As of September 30, 2024 and December 31, 2023, the carrying value of our investments in nonconsolidated VIEs was $195 million and $175 million, respectively, and is included as non-marketable equity securities applying the equity method of accounting in long-term investments on our condensed consolidated balance sheets. The investments in nonconsolidated VIEs are primarily investments in funds that are limited partnerships or similar structures which are focused on increasing access to capital for underserved communities. Our maximum exposure to loss related to our nonconsolidated VIEs, which represents funded commitments and any future funding commitments, was $246 million as of September 30, 2024 and December 31, 2023. These condensed consolidated financial statements and accompanying notes should be read in conjunction with the audited consolidated financial statements and accompanying notes included in our Annual Report on Form 10-K for the year ended December 31, 2023 (the “2023 Form 10-K”) filed with the United States (“U.S.”) Securities and Exchange Commission (“SEC”) on February 8, 2024. In the opinion of management, these condensed consolidated financial statements reflect all adjustments, consisting only of normal recurring adjustments, which are necessary for a fair statement of the condensed consolidated financial statements for all interim periods presented. Certain amounts for prior periods have been reclassified to conform to the financial statement presentation as of and for the three and nine months ended September 30, 2024.
Principles of consolidation	Basis of presentation and principles of consolidation The accompanying condensed consolidated financial statements include the financial statements of PayPal and our wholly- and majority-owned subsidiaries. All intercompany balances and transactions have been eliminated in consolidation. Investments in entities where we have the ability to exercise significant influence, but not control, over the investee are accounted for using the equity method of accounting. For such investments, our share of the investee’s results of operations is included in other income (expense), net on our condensed consolidated statements of income (loss). Investments in entities where we do not have the ability to exercise significant influence over the investee are accounted for at fair value or cost minus impairment, if any, adjusted for changes resulting from observable price changes, which are included in other income (expense), net on our condensed consolidated statements of income (loss). Our investment balances are included as short-term and long-term investments on our condensed consolidated balance sheets. We determine at the inception of each investment, and re-evaluate if certain events occur, whether an entity in which we have made an investment is considered a variable interest entity (“VIE”). If we determine an investment is in a VIE, we then assess if we are the primary beneficiary, which would require consolidation. As of September 30, 2024 and December 31, 2023, no VIEs qualified for consolidation as the structures of these entities do not provide us with the ability to direct activities that would significantly impact their economic performance. As of September 30, 2024 and December 31, 2023, the carrying value of our investments in nonconsolidated VIEs was $195 million and $175 million, respectively, and is included as non-marketable equity securities applying the equity method of accounting in long-term investments on our condensed consolidated balance sheets. The investments in nonconsolidated VIEs are primarily investments in funds that are limited partnerships or similar structures which are focused on increasing access to capital for underserved communities. Our maximum exposure to loss related to our nonconsolidated VIEs, which represents funded commitments and any future funding commitments, was $246 million as of September 30, 2024 and December 31, 2023. These condensed consolidated financial statements and accompanying notes should be read in conjunction with the audited consolidated financial statements and accompanying notes included in our Annual Report on Form 10-K for the year ended December 31, 2023 (the “2023 Form 10-K”) filed with the United States (“U.S.”) Securities and Exchange Commission (“SEC”) on February 8, 2024. In the opinion of management, these condensed consolidated financial statements reflect all adjustments, consisting only of normal recurring adjustments, which are necessary for a fair statement of the condensed consolidated financial statements for all interim periods presented. Certain amounts for prior periods have been reclassified to conform to the financial statement presentation as of and for the three and nine months ended September 30, 2024.
Use of estimates	Use of estimates The preparation of condensed consolidated financial statements in conformity with U.S. generally accepted accounting principles (“GAAP”) requires management to make estimates and assumptions that affect the reported amounts of assets and liabilities and disclosure of contingent assets and liabilities at the date of the condensed consolidated financial statements and the reported amounts of revenues and expenses during the reporting period. On an ongoing basis, we evaluate our estimates, including those related to provisions for transaction and credit losses, income taxes, loss contingencies, revenue recognition, and the evaluation of strategic investments for impairment. We base our estimates on historical experience and various other assumptions which we believe to be reasonable under the circumstances. Actual results could materially differ from these estimates.
Recent accounting guidance	Recent accounting guidance In November 2023, the Financial Accounting Standards Board (“FASB”) issued Accounting Standards Update (“ASU”) 2023-07, Segment Reporting (Topic 280): Improvements to Reportable Segment Disclosures . The amended guidance requires incremental reportable segment disclosures, primarily about significant segment expenses. The amendments also require entities with a single reportable segment to provide all disclosures required by these amendments, as well as all existing segment disclosures. The amendments will be applied retrospectively to all prior periods presented in the financial statements and is effective for fiscal years beginning after December 15, 2023, and interim periods in fiscal years beginning after December 15, 2024, with early adoption permitted. We will adopt this guidance in the fourth quarter of 2024 and provide additional disclosures as required. In December 2023, the FASB issued ASU 2023-08, Intangibles – Goodwill and Other – Crypto Assets (Subtopic 350-60): Accounting for and Disclosure of Crypto Assets . This amended guidance requires fair value measurement of certain crypto assets each reporting period with the changes in fair value reflected in net income. The amendments also require disclosures of the name, fair value, units held, and cost basis for each significant crypto asset held and annual reconciliations of crypto asset holdings. The new guidance is effective for fiscal years, and interim periods within those fiscal years, beginning after December 15, 2024, with early adoption permitted. We are required to apply these amendments as a cumulative-effect adjustment to retained earnings as of the beginning of the fiscal year in which the guidance is adopted. Based on our current crypto asset holdings and fair value, the adoption of this guidance is not expected to have a material impact on our condensed consolidated financial statements. In December 2023, the FASB issued ASU 2023-09, Income Taxes (Topic 740): Improvements to Income Tax Disclosures . The amended guidance enhances income tax disclosures primarily related to the effective tax rate reconciliation and income taxes paid information. This guidance requires disclosure of specific categories in the effective tax rate reconciliation and additional information on reconciling items meeting a quantitative threshold. In addition, the amended guidance requires disaggregating income taxes paid (net of refunds received) by federal, state, and foreign taxes. It also requires disaggregating individual jurisdictions in which income taxes paid (net of refunds received) is equal to or greater than 5 percent of total income taxes paid (net of refunds received). The amended guidance is effective for fiscal years beginning after December 15, 2024. The guidance can be applied either prospectively or retrospectively. We are evaluating the impact this amended guidance may have on the footnotes to our condensed consolidated financial statements. There are other new accounting pronouncements issued by the FASB that we have adopted or will adopt, as applicable. We do not believe any of these new accounting pronouncements have had, or will have, a material impact on our condensed consolidated financial statements or disclosures.
CRYPTO ASSET SAFEGUARDING LIABILITY AND CORRESPONDING SAFEGUARDING ASSET	CRYPTO ASSET SAFEGUARDING LIABILITY AND CORRESPONDING SAFEGUARDING ASSET We allow our customers in certain markets to buy, hold, sell, convert, receive, and send certain cryptocurrencies as well as use the proceeds from sales of cryptocurrencies to pay for purchases at checkout. These cryptocurrencies consist of Bitcoin, Ethereum, Bitcoin Cash, Litecoin, and PayPal USD stablecoin (collectively, “our customers’ crypto assets”). We engage third parties, which are licensed trust companies, to provide certain custodial services, including holding our customers’ cryptographic key information, securing our customers’ crypto assets, and protecting them from loss or theft, including indemnification against certain types of losses such as theft. Our third-party custodians hold the crypto assets in a custodial account in PayPal’s name for the benefit of PayPal’s customers. We maintain the internal recordkeeping of our customers’ crypto assets, including the amount and type of crypto asset owned by each of our customers in that custodial account. As of September 30, 2024, we utilize two third-party custodians; as such, there is concentration risk in the event these custodians are not able to perform in accordance with our agreements.
DERIVATIVE INSTRUMENTS	DERIVATIVE INSTRUMENTS Our primary objective in holding derivatives is to reduce the volatility of earnings and cash flows associated with changes in foreign currency exchange rates. Our derivatives expose us to credit risk to the extent that our counterparties may be unable to meet the terms of the arrangement. We seek to mitigate such risk by limiting our counterparties to, and by spreading the risk across, major financial institutions and by entering into collateral security arrangements. In addition, the potential risk of loss with any one counterparty resulting from this type of credit risk is monitored on an ongoing basis. We do not use any derivative instruments for trading or speculative purposes. Cash flow hedges We have significant international revenues and expenses denominated in foreign currencies, which subjects us to foreign currency exchange risk. We have a foreign currency exposure management program in which we designate certain foreign currency exchange contracts, generally with maturities of 12 months or less, to reduce the volatility of cash flows primarily related to forecasted revenues and expenses denominated in certain foreign currencies. The objective of these foreign currency exchange contracts is to help mitigate the risk that the U.S. dollar-equivalent cash flows are adversely affected by changes in the applicable U.S. dollar/foreign currency exchange rate. These derivative instruments are designated as cash flow hedges and accordingly, the derivative’s gain or loss is initially reported as a component of AOCI and subsequently reclassified into revenue or applicable expense line item in the condensed consolidated statements of income (loss) in the same period the forecasted transaction affects earnings. We evaluate the effectiveness of our foreign currency exchange contracts on a quarterly basis by comparing the critical terms of the derivative instruments with the critical terms of the forecasted cash flows of the hedged item; if the critical terms are the same, we conclude the hedge will be perfectly effective. We do not exclude any component of the changes in fair value of the derivative instruments from the assessment of hedge effectiveness. We report cash flows arising from derivative instruments consistent with the classification of cash flows from the underlying hedged items that these derivatives are hedging. Accordingly, the cash flows associated with derivatives designated as cash flow hedges are classified in cash flows from operating activities on our condensed consolidated statements of cash flows. As of September 30, 2024, we estimated that $106 million of net derivative losses related to our cash flow hedges included in AOCI are expected to be reclassified into earnings within the next 12 months. During the three and nine months ended September 30, 2024 and 2023, we did not discontinue any cash flow hedges because it was probable that the original forecasted transaction would not occur and as such, did not reclassify any gains or losses to earnings prior to the occurrence of the hedged transaction. If we elect to discontinue our cash flow hedges and it is probable that the original forecasted transaction will occur, we continue to report the derivative’s gain or loss in AOCI until the forecasted transaction affects earnings, at which point we also reclassify it into earnings. Gains and losses on derivatives held after we discontinue our cash flow hedges and on derivative instruments that are not designated as cash flow hedges are recorded in the same financial statement line item to which the derivative relates. Net investment hedges We use forward foreign currency exchange contracts to reduce the foreign currency exchange risk related to our investment in certain foreign subsidiaries. These derivatives are designated as net investment hedges and accordingly, the gains and losses on the portion of the derivatives included in the assessment of hedge effectiveness is recorded in AOCI as part of foreign currency translation. We exclude forward points from the assessment of hedge effectiveness and recognize them in other income (expense), net on a straight-line basis over the life of the hedge. The accumulated gains and losses associated with these instruments will remain in AOCI until the foreign subsidiaries are sold or substantially liquidated, at which point they will be reclassified into earnings. The cash flows associated with derivatives designated as a net investment hedge are classified in cash flows from investing activities on our condensed consolidated statements of cash flows. We have not reclassified any gains or losses related to net investment hedges from AOCI into earnings for any of the periods presented. Foreign currency exchange contracts not designated as hedging instruments We have a foreign currency exposure management program in which we use foreign currency exchange contracts to offset the foreign currency exchange risk of our assets and liabilities denominated in currencies other than the functional currency of our subsidiaries. These contracts are not designated as hedging instruments and reduce, but do not entirely eliminate, the impact of foreign currency exchange rate movements on our assets and liabilities. The gains and losses due to remeasurement of certain foreign currency denominated monetary assets and liabilities are recorded in other income (expense), net, which are offset by the gains and losses on these foreign currency exchange contracts. The cash flows associated with our non-designated derivatives used to hedge foreign currency denominated monetary assets and liabilities are classified in cash flows from operating activities on our condensed consolidated statements of cash flows. MASTER NETTING AGREEMENTS - RIGHTS OF SET-OFF Under master netting agreements with certain counterparties to our derivative contracts, repurchase agreements, and reverse repurchase agreements, subject to applicable requirements, we are allowed to net settle transactions of the same type with a single net amount payable by one party to the other. PayPal has not elected to offset for balance sheet presentation and we present the derivative assets, derivative liabilities, repurchase agreements and reverse repurchase agreements on a gross basis on our condensed consolidated balance sheets. Rights of set-off associated with our derivative contracts represented a potential offset to both assets and liabilities of $19 million as of September 30, 2024 and $38 million as of December 31, 2023.

REVENUE (Tables)

REVENUE (Tables)	9 Months Ended
	Sep. 30, 2024
Revenue from Contract with Customer [Abstract]
Schedule of Disaggregation of Revenue	The following table presents our revenue disaggregated by primary geographical market and category: Three Months Ended September 30, Nine Months Ended September 30, 2024 2023 2024 2023 (In millions) Primary geographical markets U.S. $ 4,518 $ 4,257 $ 13,535 $ 12,614 Other countries (1) 3,329 3,161 9,896 9,131 Total net revenues (2) $ 7,847 $ 7,418 $ 23,431 $ 21,745 Revenue category Transaction revenues $ 7,067 $ 6,654 $ 21,254 $ 19,574 Revenues from other value added services 780 764 2,177 2,171 Total net revenues (2) $ 7,847 $ 7,418 $ 23,431 $ 21,745 (1) No single country included in the other countries category generated more than 10% of total net revenues. (2) Total net revenues include $515 million and $433 million for the three months ended September 30, 2024 and 2023, respectively, and $1.5 billion and $1.3 billion for the nine months ended September 30, 2024 and 2023, respectively, which do not represent revenues recognized in the scope of Accounting Standards Codification Topic 606, Revenue from contracts with customers . Such revenues relate to interest and fees earned on loans and interest receivable, including loans and interest receivable, held for sale, as well as hedging gains or losses, and interest earned on certain assets underlying customer balances.

NET INCOME (LOSS) PER SHARE (Ta

NET INCOME (LOSS) PER SHARE (Tables)	9 Months Ended
	Sep. 30, 2024
Earnings Per Share [Abstract]
Schedule of Computation of Basic and Diluted Net Income (Loss) Per Share	The following table sets forth the computation of basic and diluted net income (loss) per share for the periods indicated: Three Months Ended September 30, Nine Months Ended September 30, 2024 2023 2024 2023 (In millions, except per share amounts) Numerator: Net income (loss) $ 1,010 $ 1,020 $ 3,026 $ 2,844 Denominator: Weighted average shares of common stock - basic 1,015 1,094 1,040 1,111 Dilutive effect of equity incentive awards 9 4 8 4 Weighted average shares of common stock - diluted 1,024 1,098 1,048 1,115 Net income (loss) per share: Basic $ 1.00 $ 0.93 $ 2.91 $ 2.56 Diluted $ 0.99 $ 0.93 $ 2.89 $ 2.55 Common stock equivalents excluded from net income (loss) per diluted share because their effect would have been anti-dilutive or potentially dilutive 8 22 12 20

GOODWILL AND INTANGIBLE ASSETS

GOODWILL AND INTANGIBLE ASSETS (Tables)	9 Months Ended
	Sep. 30, 2024
Goodwill and Intangible Assets Disclosure [Abstract]
Schedule of Goodwill Balances and Adjustments	The following table presents goodwill balances and adjustments to those balances during the nine months ended September 30, 2024: December 31, Goodwill Acquired Adjustments September 30, (In millions) Total goodwill $ 11,026 $ — $ (30) $ 10,996
Schedule of Components of Identifiable Intangible Assets	The components of identifiable intangible assets were as follows: September 30, 2024 December 31, 2023 Gross Carrying Amount Accumulated Amortization Net Carrying Amount Weighted Average Useful Life (Years) Gross Carrying Amount Accumulated Amortization Net Carrying Amount Weighted Average Useful Life (Years) (In millions, except years) Intangible assets: Customer lists and user base $ 1,538 $ (1,232) $ 306 7 $ 1,546 $ (1,140) $ 406 7 Marketing related 386 (359) 27 5 387 (350) 37 5 Developed technology 1,012 (1,012) — 3 1,013 (999) 14 3 All other 435 (375) 60 7 433 (353) 80 7 Intangible assets, net $ 3,371 $ (2,978) $ 393 $ 3,379 $ (2,842) $ 537
Schedule of Expected Future Intangible Asset Amortization	Expected future intangible asset amortization as of September 30, 2024 was as follows (in millions): Fiscal years: Remaining 2024 $ 42 2025 152 2026 95 2027 58 2028 46 Total $ 393

LEASES (Tables)

LEASES (Tables)	9 Months Ended
	Sep. 30, 2024
Leases [Abstract]
Schedule of Components of Lease Expense, Supplemental Cash and Noncash, Balance Sheet Information	The components of lease expense were as follows: Three Months Ended September 30, Nine Months Ended September 30, 2024 2023 2024 2023 (In millions) Operating lease expense $ 41 $ 39 $ 117 $ 119 Sublease income (3) (2) (9) (6) Total lease expense, net (1) $ 38 $ 37 $ 108 $ 113 (1) During the three and nine months ended September 30, 2024, finance lease expense was de minimis. Supplemental cash flow information related to leases during the three and nine months ended September 30, 2024 and 2023 were as follows: Three Months Ended September 30, Nine Months Ended September 30, 2024 2023 2024 2023 (In millions) Cash paid for amounts included in the measurement of lease liabilities: Operating cash flows from operating leases $ 42 $ 45 $ 127 $ 131 Financing cash flows from finance leases $ 40 $ — $ 60 $ — Right-of-use (“ROU”) lease assets obtained in exchange for new operating lease liabilities $ 59 $ (23) $ 336 $ (1) ROU lease assets obtained in exchange for new finance lease liabilities $ 27 $ — $ 82 $ — Other non-cash ROU lease asset activity (1) $ — $ (15) $ — $ (40) (1) ROU lease asset impairment. Refer to “Note 17—Restructuring and Other” for further details.
Schedule of Assets and Liabilities, Lessee	Supplemental balance sheet information related to leases was as follows: September 30, 2024 December 31, 2023 (In millions, except weighted-average figures) Operating leases (1) Finance leases (2) Operating leases (1) Finance leases (2) ROU lease assets $ 631 $ 77 $ 390 $ — Current lease liabilities 135 6 144 — Long-term lease liabilities 664 17 416 — Total lease liabilities $ 799 $ 23 $ 560 $ — Weighted-average remaining lease term 6.0 years 4.6 years 5.0 years — Weighted-average discount rate 4 % 5 % 4 % — % (1) ROU assets for operating leases are included in “ other assets accrued expenses and other current liabilities other long-term liabilities (2) ROU assets for finance leases are included in “property and equipment, net” and lease liabilities for finance leases are included in “ accrued expenses and other current liabilities other long-term liabilities
Schedule of Future Minimum Operating Lease Payments	Future minimum lease payments for our leases as of September 30, 2024 were as follows: Operating leases Finance leases Fiscal years: (In millions) Remaining 2024 $ 35 $ — 2025 172 7 2026 172 6 2027 153 6 2028 102 6 Thereafter 285 — Total $ 919 $ 25 Less: present value discount (120) (2) Lease liability $ 799 $ 23
Finance Lease, Liability, to be Paid, Maturity	Future minimum lease payments for our leases as of September 30, 2024 were as follows: Operating leases Finance leases Fiscal years: (In millions) Remaining 2024 $ 35 $ — 2025 172 7 2026 172 6 2027 153 6 2028 102 6 Thereafter 285 — Total $ 919 $ 25 Less: present value discount (120) (2) Lease liability $ 799 $ 23

OTHER FINANCIAL STATEMENT DET_2

OTHER FINANCIAL STATEMENT DETAILS (Tables)	9 Months Ended
	Sep. 30, 2024
Organization, Consolidation and Presentation of Financial Statements [Abstract]
Schedule of Crypto Asset Safeguarding Liability and Corresponding Safeguarding Asset	The following table summarizes the significant crypto assets we hold for the benefit of our customers and the crypto asset safeguarding liability and corresponding safeguarding asset as of September 30, 2024 and December 31, 2023: September 30, December 31, 2023 (In millions) Bitcoin $ 1,440 $ 741 Ethereum 634 412 Other 93 88 Crypto asset safeguarding liability $ 2,167 $ 1,241 Crypto asset safeguarding asset $ 2,167 $ 1,241
Schedule of Accumulated Other Comprehensive Income (Loss)	The following table summarizes the changes in accumulated balances of other comprehensive income (loss) for the three months ended September 30, 2024: Unrealized Gains (Losses) on Cash Flow Hedges Unrealized Gains (Losses) on Available-for-sale Debt Securities Foreign Currency Translation Adjustment (“CTA”) Net Investment Hedges CTA Gains (Losses) Estimated Tax (Expense) Benefit Total (In millions) Beginning balance $ 43 $ (36) $ (999) $ 390 $ (91) $ (693) Other comprehensive income (loss) before reclassifications (160) 60 275 (149) 28 54 Less: Amount of net gain (loss) reclassified from accumulated other comprehensive income (loss) (“AOCI”) (12) — — — — (12) Net current period other comprehensive income (loss) (148) 60 275 (149) 28 66 Ending balance $ (105) $ 24 $ (724) $ 241 $ (63) $ (627) The following table summarizes the changes in accumulated balances of other comprehensive income (loss) for the three months ended September 30, 2023: Unrealized Gains (Losses) on Cash Flow Hedges Unrealized Gains (Losses) on Available-for-sale Debt Securities Foreign CTA Net Investment Hedges CTA Gains (Losses) Estimated Tax (Expense) Benefit Total (In millions) Beginning balance $ (23) $ (403) $ (811) $ 195 $ 46 $ (996) Other comprehensive income (loss) before reclassifications 116 110 (70) 35 (40) 151 Less: Amount of net gain (loss) reclassified from AOCI 7 — — — — 7 Net current period other comprehensive income (loss) 109 110 (70) 35 (40) 144 Ending balance $ 86 $ (293) $ (881) $ 230 $ 6 $ (852) The following table summarizes the changes in accumulated balances of other comprehensive income (loss) for the nine months ended September 30, 2024: Unrealized Gains (Losses) on Cash Flow Hedges Unrealized Gains (Losses) on Available-for-sale Debt Securities Foreign CTA Net Investment Hedges CTA Gains (Losses) Estimated Tax (Expense) Benefit Total (In millions) Beginning balance $ (56) $ (134) $ (731) $ 191 $ (16) $ (746) Other comprehensive income (loss) before reclassifications (39) 117 7 50 (47) 88 Less: Amount of net gain (loss) reclassified from AOCI 10 (41) — — — (31) Net current period other comprehensive income (loss) (49) 158 7 50 (47) 119 Ending balance $ (105) $ 24 $ (724) $ 241 $ (63) $ (627) The following table summarizes the changes in accumulated balances of other comprehensive income (loss) for the nine months ended September 30, 2023: Unrealized Gains (Losses) on Cash Flow Hedges Unrealized Gains (Losses) on Available-for-sale Debt Securities Foreign CTA Net Investment Hedges CTA Gains (Losses) Estimated Tax (Expense) Benefit Total (In millions) Beginning balance $ 111 $ (591) $ (575) $ (1) $ 128 $ (928) Other comprehensive income (loss) before reclassifications 92 273 (306) 231 (122) 168 Less: Amount of net gain (loss) reclassified from AOCI 117 (25) — — — 92 Net current period other comprehensive income (loss) (25) 298 (306) 231 (122) 76 Ending balance $ 86 $ (293) $ (881) $ 230 $ 6 $ (852)
Schedule of Reclassifications out of AOCI	The following table provides details about reclassifications out of AOCI for the periods presented below: Details about AOCI Components Amount of Gains (Losses) Reclassified from AOCI Affected Line Item in the Statements of Income (Loss) Three Months Ended September 30, Nine Months Ended September 30, 2024 2023 2024 2023 (In millions) Net gains (losses) on cash flow hedges — foreign currency exchange contracts $ (12) $ 7 $ 10 $ 117 Net revenues Net gains (losses) on investments — — (41) (23) Net revenues Net gains (losses) on investments — — — (2) Other income (expense), net (12) 7 (31) 92 Income before income taxes — — — — Income tax expense Total reclassifications for the period $ (12) $ 7 $ (31) $ 92 Net income (loss)
Schedule of Other Income (Expense), Net	The following table reconciles the components of other income (expense), net for the periods presented below: Three Months Ended September 30, Nine Months Ended September 30, 2024 2023 2024 2023 (In millions) Interest income $ 183 $ 124 $ 514 $ 348 Interest expense (106) (86) (285) (260) Net gains (losses) on strategic investments (171) 24 (226) 205 Other 14 11 32 25 Other income (expense), net $ (80) $ 73 $ 35 $ 318

CASH AND CASH EQUIVALENTS, FU_2

CASH AND CASH EQUIVALENTS, FUNDS RECEIVABLE AND CUSTOMER ACCOUNTS, AND INVESTMENTS (Tables)	9 Months Ended
	Sep. 30, 2024
Investments, Debt and Equity Securities [Abstract]
Schedule of Assets Underlying Cash and Cash Equivalents, Funds Receivable and Customer Accounts, Short-term Investments, and Long-term Investments	The following table summarizes the assets underlying our cash and cash equivalents, funds receivable and customer accounts, short-term investments, and long-term investments as of September 30, 2024 and December 31, 2023: September 30, December 31, (In millions) Cash and cash equivalents (1) $ 7,272 $ 9,081 Funds receivable and customer accounts: Cash and cash equivalents (2) $ 14,161 $ 12,750 Time deposits 108 82 Available-for-sale debt securities 14,776 15,708 Funds receivable 10,137 10,395 Total funds receivable and customer accounts $ 39,182 $ 38,935 Short-term investments: Time deposits $ 186 $ 128 Available-for-sale debt securities 4,360 4,848 Restricted cash 1 3 Strategic investments 100 — Total short-term investments $ 4,647 $ 4,979 Long-term investments: Time deposits $ 15 $ 45 Available-for-sale debt securities 2,660 1,391 Strategic investments 1,607 1,837 Total long-term investments $ 4,282 $ 3,273 (1) Includes $70 million and $777 million of available-for-sale debt securities with original maturities of three months or less as of September 30, 2024 and December 31, 2023, respectively. (2) Includes $49 million and $399 million of available-for-sale debt securities with original maturities of three months or less as of September 30, 2024 and December 31, 2023, respectively.
Schedule of Estimated Fair Value of Investments Classified as Available for Sale	As of September 30, 2024 and December 31, 2023, the estimated fair value of our available-for-sale debt securities included within cash and cash equivalents, funds receivable and customer accounts, short-term investments, and long-term investments was as follows: September 30, 2024 (1) Gross Gross Gross Estimated (In millions) Cash and cash equivalents: Commercial paper $ 70 $ — $ — $ 70 Funds receivable and customer accounts: U.S. government and agency securities 6,376 10 (4) 6,382 Foreign government and agency securities 74 — — 74 Corporate debt securities 380 — — 380 Mortgage-backed and asset-backed securities 3,389 12 (2) 3,399 Municipal securities 645 2 — 647 Commercial paper 3,467 2 — 3,469 Short-term investments: U.S. government and agency securities 337 — (4) 333 Foreign government and agency securities 24 — — 24 Corporate debt securities 1,196 — (2) 1,194 Mortgage-backed and asset-backed securities 767 5 (1) 771 Commercial paper 2,037 1 — 2,038 Long-term investments: U.S. government and agency securities 235 — — 235 Foreign government and agency securities 184 1 (1) 184 Corporate debt securities 1,564 5 (1) 1,568 Mortgage-backed and asset-backed securities 672 1 — 673 Total available-for-sale debt securities (2) $ 21,417 $ 39 $ (15) $ 21,441 (1) “—” Denotes gross unrealized gain or unrealized loss of less than $1 million in a given position. (2) Excludes foreign currency denominated available-for-sale debt securities accounted for under the fair value option. Refer to “Note 9 — Fair Value Measurement of Assets and Liabilities.” December 31, 2023 (1) Gross Gross Gross Estimated (In millions) Cash and cash equivalents: U.S. government and agency securities $ 428 $ — $ — $ 428 Commercial paper 349 — — 349 Funds receivable and customer accounts: U.S. government and agency securities 8,549 8 (79) 8,478 Foreign government and agency securities 620 — (8) 612 Corporate debt securities 1,507 — (18) 1,489 Asset-backed securities 1,421 4 (2) 1,423 Municipal securities 639 1 (2) 638 Commercial paper 2,846 4 (1) 2,849 Short-term investments: U.S. government and agency securities 632 — (9) 623 Foreign government and agency securities 353 — (6) 347 Corporate debt securities 1,494 1 (13) 1,482 Asset-backed securities 719 3 (4) 718 Commercial paper 1,678 1 (1) 1,678 Long-term investments: U.S. government and agency securities 188 — (8) 180 Foreign government and agency securities 33 — (1) 32 Corporate debt securities 424 — (6) 418 Asset-backed securities 759 2 — 761 Total available-for-sale debt securities (2) $ 22,639 $ 24 $ (158) $ 22,505 (1) “—” Denotes gross unrealized gain or unrealized loss of less than $1 million in a given position. (2) Excludes foreign currency denominated available-for-sale debt securities accounted for under the fair value option. Refer to “Note 9 — Fair Value Measurement of Assets and Liabilities.”
Debt Securities, Available-for-Sale, Unrealized Loss Position, Fair Value	As of September 30, 2024 and December 31, 2023, the gross unrealized losses and estimated fair value of our available-for-sale debt securities included within cash and cash equivalents, funds receivable and customer accounts, short-term investments, and long-term investments for which an allowance for credit losses was not deemed necessary in the current period, aggregated by the length of time those individual securities have been in a continuous loss position, was as follows: September 30, 2024 (1) Less than 12 months 12 months or longer Total Fair Value Gross Fair Value Gross Fair Value Gross (In millions) Cash and cash equivalents: Commercial paper $ 20 $ — $ — $ — $ 20 $ — Funds receivable and customer accounts: U.S. government and agency securities 2,507 (1) 840 (3) 3,347 (4) Foreign government and agency securities 74 — — — 74 — Corporate debt securities 120 — 50 — 170 — Mortgage-backed and asset-backed securities 899 (1) 4 (1) 903 (2) Municipal securities 61 — 36 — 97 — Commercial paper 674 — — — 674 — Short-term investments: U.S. government and agency securities — — 333 (4) 333 (4) Corporate debt securities 386 — 174 (2) 560 (2) Mortgage-backed and asset-backed securities 187 — 50 (1) 237 (1) Commercial paper 697 — — — 697 — Long-term investments: U.S. government and agency securities 235 — — — 235 — Foreign government and agency securities 30 — 34 (1) 64 (1) Corporate debt securities 525 (1) 9 — 534 (1) Mortgage-backed and asset-backed securities 348 — — — 348 — Total available-for-sale debt securities $ 6,763 $ (3) $ 1,530 $ (12) $ 8,293 $ (15) (1) “—” Denotes gross unrealized loss or fair value of less than $1 million in a given position. December 31, 2023 (1) Less than 12 months 12 months or longer Total Fair Value Gross Fair Value Gross Fair Value Gross (In millions) Cash and cash equivalents: Commercial paper $ 349 $ — $ — $ — $ 349 $ — Funds receivable and customer accounts: U.S. government and agency securities 2,626 (8) 3,917 (71) 6,543 (79) Foreign government and agency securities 36 — 451 (8) 487 (8) Corporate debt securities 100 — 1,364 (18) 1,464 (18) Asset-backed securities 253 — 473 (2) 726 (2) Municipal securities 196 (1) 156 (1) 352 (2) Commercial paper 1,088 (1) — — 1,088 (1) Short-term investments: U.S. government and agency securities — — 296 (9) 296 (9) Foreign government and agency securities — — 347 (6) 347 (6) Corporate debt securities 194 — 797 (13) 991 (13) Asset-backed securities 131 — 144 (4) 275 (4) Commercial paper 737 (1) — — 737 (1) Long-term investments: U.S. government and agency securities — — 180 (8) 180 (8) Foreign government and agency securities — — 32 (1) 32 (1) Corporate debt securities 120 — 120 (6) 240 (6) Asset-backed securities 109 — 195 — 304 — Total available-for-sale debt securities $ 5,939 $ (11) $ 8,472 $ (147) $ 14,411 $ (158) (1) “—” Denotes gross unrealized loss or fair value of less than $1 million in a given position.
Schedule of Estimated Fair Values of Investments Classified as Available for Sale by Contractual Maturity	Our available-for-sale debt securities included within cash and cash equivalents, funds receivable and customer accounts, short-term investments, and long-term investments classified by date of contractual maturity were as follows: September 30, 2024 Amortized Cost Fair Value (In millions) One year or less $ 11,806 $ 11,804 After one year through five years 5,879 5,900 After five years through ten years 3,130 3,135 After ten years 602 602 Total $ 21,417 $ 21,441
Schedule of Carrying Value of our Non-Marketable Equity Securities	The adjustments to the carrying value of our non-marketable equity securities accounted for under the Measurement Alternative in the three and nine months ended September 30, 2024 and 2023 were as follows: Three Months Ended September 30, Nine Months Ended September 30, 2024 2023 2024 2023 (In millions) Carrying amount, beginning of period $ 1,635 $ 1,691 $ 1,631 $ 1,687 Adjustments related to non-marketable equity securities: Net additions (1) 20 4 85 30 Gross unrealized gains 2 — 5 23 Gross unrealized losses and impairments (175) (15) (239) (60) Carrying amount, end of period $ 1,482 $ 1,680 $ 1,482 $ 1,680 (1) Net additions include purchases, reductions due to sales of securities, and reclassifications when the Measurement Alternative is subsequently elected or no longer applies. The following table summarizes the cumulative gross unrealized gains and cumulative gross unrealized losses and impairment related to non-marketable equity securities accounted for under the Measurement Alternative held at September 30, 2024 and December 31, 2023, respectively: September 30, December 31, (In millions) Cumulative gross unrealized gains $ 1,172 $ 1,168 Cumulative gross unrealized losses and impairments $ (521) $ (283)
Schedule of Unrealized Gains (Losses) on Strategic Investments	The following table summarizes the net unrealized gains (losses) on marketable and non-marketable equity securities, excluding those accounted for using the equity method, held at September 30, 2024 and 2023, respectively: Three Months Ended September 30, Nine Months Ended September 30, 2024 2023 2024 2023 (In millions) Net unrealized gains (losses) $ (171) $ 13 $ (242) $ 200

FAIR VALUE MEASUREMENT OF ASS_2

FAIR VALUE MEASUREMENT OF ASSETS AND LIABILITIES (Tables)	9 Months Ended
	Sep. 30, 2024
Fair Value Disclosures [Abstract]
Schedule of Financial Assets and Liabilities Measured at Fair Value on a Recurring Basis	The following tables summarize our financial assets and liabilities measured at fair value on a recurring basis as of September 30, 2024 and December 31, 2023: September 30, 2024 Quoted Prices in Active Markets for Identical Assets (Level 1) Significant Other (In millions) Assets: Cash and cash equivalents (1) Commercial paper $ 70 $ — $ 70 Short-term investments (2) : U.S. government and agency securities 333 — 333 Foreign government and agency securities 24 — 24 Corporate debt securities 1,194 — 1,194 Mortgage-backed and asset-backed securities 771 — 771 Commercial paper 2,038 — 2,038 Total short-term investments 4,360 — 4,360 Funds receivable and customer accounts (3) : U.S. government and agency securities 6,382 — 6,382 Foreign government and agency securities 398 — 398 Corporate debt securities 530 — 530 Mortgage-backed and asset-backed securities 3,399 — 3,399 Municipal securities 647 — 647 Commercial paper 3,469 — 3,469 Total funds receivable and customer accounts 14,825 — 14,825 Derivatives (4) 214 — 214 Crypto asset safeguarding asset (4) 2,167 — 2,167 Long-term investments (2),(5) : U.S. government and agency securities 235 — 235 Foreign government and agency securities 184 — 184 Corporate debt securities 1,568 — 1,568 Mortgage-backed and asset-backed securities 673 — 673 Marketable equity securities 17 17 — Total long-term investments 2,677 17 2,660 Total financial assets $ 24,313 $ 17 $ 24,296 Liabilities: Derivatives (4) $ 161 $ — $ 161 Crypto asset safeguarding liability (4) 2,167 — 2,167 Total financial liabilities $ 2,328 $ — $ 2,328 (1) Excludes cash of $7.2 billion not measured and recorded at fair value. (2) Excludes restricted cash of $1 million and time deposits of $201 million not measured and recorded at fair value. (3) Excludes cash, time deposits, and funds receivable of $24.4 billion underlying funds receivable and customer accounts not measured and recorded at fair value. (4) Derivative assets and liabilities are included within “prepaid expenses and other current assets” and “other assets” and “accrued expenses and other current liabilities” and “other long-term liabilities,” respectively, on our condensed consolidated balance sheets. Crypto safeguarding asset and associated liability are recorded within “prepaid expenses and other current assets” and “accrued expenses and other current liabilities,” respectively, on our condensed consolidated balance sheets. (5) Excludes non-marketable equity securities of $1.7 billion measured using the Measurement Alternative or equity method accounting. December 31, 2023 Quoted Prices in Active Markets for Identical Assets (Level 1) Significant Other Observable Inputs (Level 2) (In millions) Assets: Cash and cash equivalents (1) U.S. government and agency securities $ 428 $ — $ 428 Commercial paper 349 — 349 Money market fund 160 160 — Total cash and cash equivalents 937 160 777 Short-term investments (2) : U.S. government and agency securities 623 — 623 Foreign government and agency securities 347 — 347 Corporate debt securities 1,482 — 1,482 Asset-backed securities 718 — 718 Commercial paper 1,678 — 1,678 Total short-term investments 4,848 — 4,848 Funds receivable and customer accounts (3) : U.S. government and agency securities 8,478 — 8,478 Foreign government and agency securities 1,118 — 1,118 Corporate debt securities 1,601 — 1,601 Asset-backed securities 1,423 — 1,423 Municipal securities 638 — 638 Commercial paper 2,849 — 2,849 Total funds receivable and customer accounts 16,107 — 16,107 Derivatives (4) 141 — 141 Crypto asset safeguarding asset (4) 1,241 — 1,241 Long-term investments (2), (5) : U.S. government and agency securities 180 — 180 Foreign government and agency securities 32 — 32 Corporate debt securities 418 — 418 Asset-backed securities 761 — 761 Marketable equity securities 24 24 — Total long-term investments 1,415 24 1,391 Total financial assets $ 24,689 $ 184 $ 24,505 Liabilities: Derivatives (4) $ 131 $ — $ 131 Crypto asset safeguarding liability (4) 1,241 — 1,241 Total financial liabilities $ 1,372 $ — $ 1,372 (1) Excludes cash of $8.1 billion not measured and recorded at fair value. (2) Excludes restricted cash of $3 million and time deposits of $173 million not measured and recorded at fair value. (3) Excludes cash, time deposits, and funds receivable of $22.8 billion underlying funds receivable and customer accounts not measured and recorded at fair value. (4) Derivative assets and liabilities are included within “prepaid expenses and other current assets” and “other assets” and “accrued expenses and other current liabilities” and “other long-term liabilities,” respectively, on our condensed consolidated balance sheets. Crypto safeguarding asset and associated liability are recorded within “prepaid expenses and other current assets” and “accrued expenses and other current liabilities,” respectively, on our condensed consolidated balance sheets. (5) Excludes non-marketable equity securities of $1.8 billion measured using the Measurement Alternative or equity method accounting.
Schedule of Investments under the Fair Value Option	The following table summarizes the estimated fair value and amortized cost of our available-for-sale debt securities under the fair value option as of September 30, 2024 and December 31, 2023: September 30, 2024 December 31, 2023 Amortized Cost Fair Value Amortized Cost Fair Value (In millions) (In millions) Funds receivable and customer accounts $ 478 $ 474 $ 625 $ 618 The following table summarizes the gains (losses) from fair value changes recognized in other income (expense), net related to the available-for-sale debt securities under the fair value option for the three and nine months ended September 30, 2024 and 2023: Three Months Ended September 30, Nine Months Ended September 30, 2024 2023 2024 2023 (In millions) Funds receivable and customer accounts $ 23 $ (5) $ 8 $ 6
Schedule of Assets and Liabilities Measured at Fair Value on a Non-Recurring Basis	The following tables summarize our assets held as of September 30, 2024 and December 31, 2023 for which a non-recurring fair value measurement was recorded during the nine months ended September 30, 2024 and the year ended December 31, 2023, respectively: September 30, 2024 Significant Other Observable Inputs (Level 2) Significant Other Unobservable Inputs (Level 3) (In millions) Loans and interest receivable, held for sale $ 471 $ 471 $ — Non-marketable equity securities measured using the Measurement Alternative (1) 473 94 379 Total $ 944 $ 565 $ 379 (1) Excludes non-marketable equity securities of $1.0 billion accounted for under the Measurement Alternative for which no observable price changes occurred during the nine months ended September 30, 2024. December 31, 2023 Significant Other Observable Inputs (Level 2) Significant Other Unobservable Inputs (Level 3) (In millions) Loans and interest receivable, held for sale (1) $ 563 $ — $ 563 Non-marketable equity investments measured using the Measurement Alternative (2) 440 131 309 Other assets (3) 112 112 — Total $ 1,115 $ 243 $ 872 (1) As of December 31, 2023, loans and interest receivable, held for sale were valued using a price-based model. The price was the significant unobservable input and was determined based upon certain loan and risk classifications of the portfolio. Low, high and weighted average prices were all $0.99, measured in relation to $1.00 par. (2) Excludes non-marketable equity securities of $1.2 billion accounted for under the Measurement Alternative for which no observable price changes occurred during the year ended December 31, 2023. (3) Consists of ROU lease assets recorded at fair value pursuant to impairment charges that occurred during the year ended December 31, 2023.

DERIVATIVE INSTRUMENTS (Tables)

DERIVATIVE INSTRUMENTS (Tables)	9 Months Ended
	Sep. 30, 2024
Derivative Instruments and Hedging Activities Disclosure [Abstract]
Schedule of Fair Value of Derivative Instruments	The fair value of our outstanding derivative instruments as of September 30, 2024 and December 31, 2023 was as follows: Balance Sheet Location September 30, December 31, (In millions) Derivative Assets: Foreign currency exchange contracts designated as hedging instruments Other current assets $ 42 $ 7 Foreign currency exchange contracts designated as hedging instruments Other assets (non-current) 152 77 Foreign currency exchange contracts not designated as hedging instruments Other current assets 20 57 Total derivative assets $ 214 $ 141 Derivative Liabilities: Foreign currency exchange contracts designated as hedging instruments Other current liabilities $ 111 $ 64 Foreign currency exchange contracts not designated as hedging instruments Other current liabilities 50 67 Total derivative liabilities $ 161 $ 131
Schedule of Offsetting Assets	The following table provides the collateral posted and received: September 30, December 31, (In millions) Cash collateral posted $ 138 $ 80 Cash collateral received $ 5 $ 6 Non-cash collateral received (1) $ 109 $ — (1) Non-cash collateral is related to reverse repurchase agreements and is not included in the condensed consolidated balance sheet unless the counterparty defaults.
Schedule of Gains or Losses Related to Derivative Instruments Designated as Hedging Instruments	The following tables provide the location in the condensed consolidated statements of income (loss) and amount of recognized gains or losses related to our derivative instruments: Three Months Ended September 30, 2024 2023 (In millions) Net revenues Other income (expense), net Net revenues Other income (expense), net Total amounts presented in the condensed consolidated statements of income (loss) in which the effects of cash flow hedges and net investment hedges are recorded $ 7,847 $ (80) $ 7,418 $ 73 Gains (losses) on derivatives in cash flow hedging relationship: Amount of net gains (losses) on foreign currency exchange contracts reclassified from AOCI (12) — 7 — Gains (losses) on derivatives in net investment hedging relationship: Amount of net gains (losses) on foreign currency exchange contracts excluded from the assessment of effectiveness — 20 — 20 Gains (losses) on derivatives not designated as hedging instruments: Amount of net gains (losses) on foreign currency exchange contracts — (177) — 54 Total net gains (losses) $ (12) $ (157) $ 7 $ 74 Nine Months Ended September 30, 2024 2023 (In millions) Net revenues Other income (expense), net Net revenues Other income (expense), net Total amounts presented in the condensed consolidated statements of income (loss) in which the effects of cash flow hedges and net investment hedges are recorded $ 23,431 $ 35 $ 21,745 $ 318 Gains (losses) on derivatives in cash flow hedging relationship: Amount of net gains (losses) on foreign exchange contracts reclassified from AOCI 10 — 117 — Gains (losses) on derivatives in net investment hedging relationship: Amount of net gains (losses) on foreign exchange contracts excluded from the assessment of effectiveness — 61 — 79 Gains (losses) on derivatives not designated as hedging instruments: Amount of net gains (losses) on foreign exchange contracts — (172) — (102) Total net gains (losses) $ 10 $ (111) $ 117 $ (23) The following table provides the amount of pre-tax unrealized gains or losses included in the assessment of hedge effectiveness related to our derivative instruments designated as hedging instruments that are recognized in other comprehensive income (loss): Three Months Ended September 30, Nine Months Ended September 30, 2024 2023 2024 2023 (In millions) Unrealized net gains (losses) on foreign exchange contracts designated as cash flow hedges $ (160) $ 116 $ (39) $ 92 Unrealized net gains (losses) on foreign exchange contracts designated as net investment hedges (149) 35 50 231 Total unrealized net gains (losses) recognized from derivative contracts designated as hedging instruments in the condensed consolidated statements of comprehensive income (loss) $ (309) $ 151 $ 11 $ 323
Schedule of Recognized Gains or Losses related to Derivative Instruments not Designated as Hedging Instruments	The following tables provide the location in the condensed consolidated statements of income (loss) and amount of recognized gains or losses related to our derivative instruments: Three Months Ended September 30, 2024 2023 (In millions) Net revenues Other income (expense), net Net revenues Other income (expense), net Total amounts presented in the condensed consolidated statements of income (loss) in which the effects of cash flow hedges and net investment hedges are recorded $ 7,847 $ (80) $ 7,418 $ 73 Gains (losses) on derivatives in cash flow hedging relationship: Amount of net gains (losses) on foreign currency exchange contracts reclassified from AOCI (12) — 7 — Gains (losses) on derivatives in net investment hedging relationship: Amount of net gains (losses) on foreign currency exchange contracts excluded from the assessment of effectiveness — 20 — 20 Gains (losses) on derivatives not designated as hedging instruments: Amount of net gains (losses) on foreign currency exchange contracts — (177) — 54 Total net gains (losses) $ (12) $ (157) $ 7 $ 74 Nine Months Ended September 30, 2024 2023 (In millions) Net revenues Other income (expense), net Net revenues Other income (expense), net Total amounts presented in the condensed consolidated statements of income (loss) in which the effects of cash flow hedges and net investment hedges are recorded $ 23,431 $ 35 $ 21,745 $ 318 Gains (losses) on derivatives in cash flow hedging relationship: Amount of net gains (losses) on foreign exchange contracts reclassified from AOCI 10 — 117 — Gains (losses) on derivatives in net investment hedging relationship: Amount of net gains (losses) on foreign exchange contracts excluded from the assessment of effectiveness — 61 — 79 Gains (losses) on derivatives not designated as hedging instruments: Amount of net gains (losses) on foreign exchange contracts — (172) — (102) Total net gains (losses) $ 10 $ (111) $ 117 $ (23) The following table provides the amount of pre-tax unrealized gains or losses included in the assessment of hedge effectiveness related to our derivative instruments designated as hedging instruments that are recognized in other comprehensive income (loss): Three Months Ended September 30, Nine Months Ended September 30, 2024 2023 2024 2023 (In millions) Unrealized net gains (losses) on foreign exchange contracts designated as cash flow hedges $ (160) $ 116 $ (39) $ 92 Unrealized net gains (losses) on foreign exchange contracts designated as net investment hedges (149) 35 50 231 Total unrealized net gains (losses) recognized from derivative contracts designated as hedging instruments in the condensed consolidated statements of comprehensive income (loss) $ (309) $ 151 $ 11 $ 323
Schedule of Notional Amounts of Outstanding Derivatives	The following table provides the notional amounts of our outstanding derivatives: September 30, December 31, (In millions) Foreign exchange contracts designated as hedging instruments $ 6,921 $ 6,767 Foreign exchange contracts not designated as hedging instruments 11,754 14,025 Total $ 18,675 $ 20,792
Schedule of Offsetting Liabilities	The following table provides the collateral posted and received: September 30, December 31, (In millions) Cash collateral posted $ 138 $ 80 Cash collateral received $ 5 $ 6 Non-cash collateral received (1) $ 109 $ — (1) Non-cash collateral is related to reverse repurchase agreements and is not included in the condensed consolidated balance sheet unless the counterparty defaults.

LOANS AND INTEREST RECEIVABLE (

LOANS AND INTEREST RECEIVABLE (Tables)	9 Months Ended
	Sep. 30, 2024
Receivables [Abstract]
Schedule of Delinquency Status of Consumer Loans and Interest Receivable by Year of Origination	The following tables present the delinquency status and gross charge-offs of consumer loans and interest receivable by year of origination. The amounts are based on the number of days past the billing date for revolving loans or contractual repayment date for installment loans. The “current” category represents balances that are within 29 days of the billing date or contractual repayment date, as applicable. September 30, 2024 (In millions, except percentages) Revolving Loans Installment Loans Amortized Cost Basis 2024 2023 2022 2021 2020 Total Percent Consumer loans and interest receivable: Current $ 2,447 $ 1,895 $ 480 $ 79 $ — $ — $ 4,901 95.9% 30 - 59 Days 27 41 13 2 — — 83 1.6% 60 - 89 Days 18 17 6 1 — — 42 0.8% 90 - 179 Days 41 33 10 3 — — 87 1.7% Total $ 2,533 $ 1,986 $ 509 $ 85 $ — $ — $ 5,113 100% Gross charge-offs for the nine months ended September 30, 2024 $ 104 $ 11 $ 119 $ 13 $ 1 $ — $ 248 December 31, 2023 (In millions, except percentages) Revolving Loans Installment Loans Amortized Cost Basis 2023 2022 2021 2020 2019 Total Percent Consumer loans and interest receivable: Current $ 2,225 $ 2,045 $ 289 $ — $ — $ — $ 4,559 95.4% 30 - 59 Days 27 34 4 1 — — 66 1.4% 60 - 89 Days 20 26 4 — — — 50 1.0% 90 - 179 Days 41 55 8 1 — — 105 2.2% Total $ 2,313 $ 2,160 $ 305 $ 2 $ — $ — $ 4,780 100% Gross charge-offs for the year ended December 31, 2023 $ 125 $ 101 $ 140 $ 5 $ — $ — $ 371 The following tables present the delinquency status and gross charge-offs of merchant loans, advances, and interest and fees receivable by year of origination. The amounts are based on the number of days past the expected or contractual repayment date for amounts outstanding. The “current” category represents balances that are within 29 days of the expected repayment date or contractual repayment date, as applicable. September 30, 2024 (In millions, except percentages) 2024 2023 2022 2021 2020 Prior Total Percent Merchant loans, advances, and interest and fees receivable: Current $ 1,130 $ 66 $ 18 $ 1 $ 11 $ 7 $ 1,233 91.3% 30 - 59 Days 32 17 5 1 — — 55 4.1% 60 - 89 Days 11 9 5 — — — 25 1.8% 90 - 179 Days 11 15 5 — 1 — 32 2.4% 180+ Days — 4 2 — — — 6 0.4% Total $ 1,184 $ 111 $ 35 $ 2 $ 12 $ 7 $ 1,351 100% Gross charge-offs for the nine months ended September 30, 2024 $ 4 $ 78 $ 37 $ 2 $ 5 $ 1 $ 127 December 31, 2023 (In millions, except percentages) 2023 2022 2021 2020 2019 Total Percent Merchant loans, advances, and interest and fees receivable: Current $ 925 $ 74 $ 3 $ 22 $ 14 $ 1,038 87.0% 30 - 59 Days 37 16 2 2 1 58 4.9% 60 - 89 Days 16 12 1 1 1 31 2.5% 90 - 179 Days 27 28 1 1 1 58 4.9% 180+ Days 2 4 1 — 1 8 0.7% Total $ 1,007 $ 134 $ 8 $ 26 $ 18 $ 1,193 100% Gross charge-offs for the year ended December 31, 2023 $ 38 $ 228 $ 14 $ 16 $ 4 $ 300
Schedule of Allowance for Loans and Interest Receivable	The following table summarizes the activity in the allowance for consumer loans and interest receivable for the nine months ended September 30, 2024 and 2023: September 30, 2024 September 30, 2023 Consumer Loans Receivable Interest Receivable Total Allowance Consumer Loans Receivable Interest Receivable Total Allowance (1) (In millions) Beginning balance $ 357 $ 23 $ 380 $ 322 $ 25 $ 347 Changes in allowance due to reclassification of loans and interest receivable to or from held for sale — — — (33) — (33) Provisions 175 5 180 271 20 291 Charge-offs (230) (18) (248) (250) (22) (272) Recoveries 35 — 35 29 — 29 Other (2) 9 1 10 (5) — (5) Ending balance $ 346 $ 11 $ 357 $ 334 $ 23 $ 357 (1) Beginning balances, provisions and charge-offs include amounts related to loans and interest receivable prior to their reclassification to loan and interest receivable, held for sale. (2) Includes amounts related to foreign currency remeasurement. The following table summarizes the activity in the allowance for merchant loans, advances, and interest and fees receivable for the nine months ended September 30, 2024 and 2023: September 30, 2024 September 30, 2023 Merchant Loans and Advances Interest and Fees Receivable Total Allowance Merchant Loans and Advances Interest and Fees Receivable Total Allowance (In millions) Beginning balance $ 148 $ 12 $ 160 $ 230 $ 18 $ 248 Provisions 50 — 50 135 24 159 Charge-offs (120) (7) (127) (204) (24) (228) Recoveries 21 — 21 19 — 19 Ending balance $ 99 $ 5 $ 104 $ 180 $ 18 $ 198

DEBT (Tables)

DEBT (Tables)	9 Months Ended
	Sep. 30, 2024
Debt Disclosure [Abstract]
Schedule of Outstanding Aggregate Principal Amount Related to the Notes	The following table summarizes the Notes outstanding: Maturities Effective Interest Rate September 30, December 31, (in millions) September 2019 debt issuance: Fixed-rate 2.400% notes 10/1/2024 2.52% $ 1,250 $ 1,250 Fixed-rate 2.650% notes 10/1/2026 2.78% 1,250 1,250 Fixed-rate 2.850% notes 10/1/2029 2.96% 1,500 1,500 May 2020 debt issuance: Fixed-rate 1.650% notes 6/1/2025 1.78% 1,000 1,000 Fixed-rate 2.300% notes 6/1/2030 2.39% 1,000 1,000 Fixed-rate 3.250% notes 6/1/2050 3.33% 1,000 1,000 May 2022 debt issuance: Fixed-rate 3.900% notes 6/1/2027 4.06% 500 500 Fixed-rate 4.400% notes 6/1/2032 4.53% 1,000 1,000 Fixed-rate 5.050% notes 6/1/2052 5.14% 1,000 1,000 Fixed-rate 5.250% notes 6/1/2062 5.34% 500 500 June 2023 debt issuance (1) : ¥30 billion fixed-rate 0.813% notes 6/9/2025 0.89% 211 213 ¥23 billion fixed-rate 0.972% notes 6/9/2026 1.06% 162 163 ¥37 billion fixed-rate 1.240% notes 6/9/2028 1.31% 260 262 May 2024 debt issuance: Fixed-rate 5.150% notes 6/1/2034 5.35% 850 — Fixed-rate 5.500% notes 6/1/2054 5.66% 400 — Total term debt $ 11,883 $ 10,638 Unamortized premium (discount) and issuance costs, net (80) (68) Less: current portion of term debt (2) (2,460) (1,249) Total carrying amount of term debt $ 9,343 $ 9,321 (1) Principal amounts represent the U.S. dollar equivalent as of September 30, 2024 and December 31, 2023, respectively. (2) The current portion of term debt is included within “accrued expenses and other current liabilities” on our condensed consolidated balance sheets.
Schedule of Future Principal Payments Associated with Long Term Debt	As of September 30, 2024, the future principal payments associated with our term debt were as follows (in millions): Remaining 2024 $ 1,250 2025 1,211 2026 1,412 2027 500 2028 260 Thereafter 7,250 Total $ 11,883

COMMITMENTS AND CONTINGENCIES (

COMMITMENTS AND CONTINGENCIES (Tables)	9 Months Ended
	Sep. 30, 2024
Commitments and Contingencies Disclosure [Abstract]
Schedule of Allowance for Transaction Losses and Negative Customer Balances	The following table shows changes in the allowance for transaction losses and negative customer balances related to our protection programs for the three and nine months ended September 30, 2024 and 2023: Three Months Ended September 30, Nine Months Ended September 30, 2024 2023 2024 2023 (in millions) Beginning balance $ 270 $ 346 $ 282 $ 278 Provision 264 329 783 915 Realized losses (281) (417) (876) (970) Recoveries 53 39 117 74 Ending balance $ 306 $ 297 $ 306 $ 297

STOCK-BASED PLANS (Tables)

STOCK-BASED PLANS (Tables)	9 Months Ended
	Sep. 30, 2024
Share-Based Payment Arrangement [Abstract]
Schedule of Stock-Based Compensation Expense	The impact on our results of operations of recording stock-based compensation expense under our equity incentive plans for the three and nine months ended September 30, 2024 and 2023 was as follows: Three Months Ended September 30, Nine Months Ended September 30, 2024 2023 2024 2023 (In millions) Customer support and operations $ 50 $ 79 $ 173 $ 227 Sales and marketing 30 44 108 132 Technology and development 111 156 366 453 General and administrative 81 115 257 315 Restructuring and other 28 — 88 — Total stock-based compensation expense $ 300 $ 394 $ 992 $ 1,127 Capitalized as part of internal use software and website development costs $ 32 $ 14 $ 77 $ 38

RESTRUCTURING AND OTHER (Tables

RESTRUCTURING AND OTHER (Tables)	9 Months Ended
	Sep. 30, 2024
Restructuring and Related Activities [Abstract]
Schedule of Restructuring Reserve Activity	The following table summarizes the restructuring reserve activity during the nine months ended September 30, 2024: Employee Severance and Benefits Costs (In millions) Accrued liability as of January 1, 2024 $ — Charges (1) 206 Payments (182) Accrued liability as of September 30, 2024 (2) $ 24 (1) Excludes stock-based compensation expense of $88 million. (2) Accrued restructuring liability is included in “accrued expenses and other current liabilities” on our condensed consolidated balance sheets.

OVERVIEW AND SUMMARY OF SIGNI_3

OVERVIEW AND SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES (Details) - USD ($) $ in Millions	Sep. 30, 2024	Dec. 31, 2023
Variable Interest Entity [Line Items]
Long-term investments	$ 4,282	$ 3,273
Variable Interest Entity, Not Primary Beneficiary
Variable Interest Entity [Line Items]
Long-term investments	195	175
Variable interest entity, reporting entity involvement, maximum loss exposure, amount	$ 246	$ 246

REVENUE - Additional Informatio

REVENUE - Additional Information (Details)	9 Months Ended
	Sep. 30, 2024 segment classification
Revenue from Contract with Customer [Abstract]
Number of revenue classifications | classification	2
Number of operating segments	1
Number of reportable segments	1

REVENUE - Schedule of Disaggreg

REVENUE - Schedule of Disaggregation of Revenue (Details) - USD ($) $ in Millions	3 Months Ended		9 Months Ended
	Sep. 30, 2024	Sep. 30, 2023	Sep. 30, 2024	Sep. 30, 2023
Disaggregation of Revenue [Line Items]
Net revenues	$ 7,847	$ 7,418	$ 23,431	$ 21,745
Net revenues which do not represent revenues recognized in the scope of ASC Topic 606	515	433	1,500	1,300
Transaction revenues
Disaggregation of Revenue [Line Items]
Net revenues	7,067	6,654	21,254	19,574
Revenues from other value added services
Disaggregation of Revenue [Line Items]
Net revenues	780	764	2,177	2,171
U.S.
Disaggregation of Revenue [Line Items]
Net revenues	4,518	4,257	13,535	12,614
Other countries
Disaggregation of Revenue [Line Items]
Net revenues	$ 3,329	$ 3,161	$ 9,896	$ 9,131

NET INCOME (LOSS) PER SHARE (De

NET INCOME (LOSS) PER SHARE (Details) - USD ($) $ / shares in Units, shares in Millions, $ in Millions	3 Months Ended		9 Months Ended
	Sep. 30, 2024	Sep. 30, 2023	Sep. 30, 2024	Sep. 30, 2023
Numerator:
Net income (loss), basic	$ 1,010	$ 1,020	$ 3,026	$ 2,844
Net income (loss), diluted	$ 1,010	$ 1,020	$ 3,026	$ 2,844
Denominator:
Weighted average shares of common stock - basic (in shares)	1,015	1,094	1,040	1,111
Dilutive effect of equity incentive awards (in shares)	9	4	8	4
Weighted average shares of common stock - diluted (in shares)	1,024	1,098	1,048	1,115
Net income (loss) per share:
Basic (in dollars per share)	$ 1	$ 0.93	$ 2.91	$ 2.56
Diluted (in dollars per share)	$ 0.99	$ 0.93	$ 2.89	$ 2.55
Common stock equivalents excluded from income (loss) per diluted share because their effect would have been anti-dilutive or potentially dilutive (in shares)	8	22	12	20

BUSINESS COMBINATIONS AND DIV_2

BUSINESS COMBINATIONS AND DIVESTITURES (Details) - business	3 Months Ended		9 Months Ended
	Sep. 30, 2024	Sep. 30, 2023	Sep. 30, 2024	Sep. 30, 2023
Business Combination, Asset Acquisition, and Joint Venture Formation [Abstract]
Number of businesses divested	0	0	0	0
Number of businesses acquired	0	0	0	0

GOODWILL AND INTANGIBLE ASSET_2

GOODWILL AND INTANGIBLE ASSETS - Schedule of Goodwill Balances and Adjustments (Details) $ in Millions	9 Months Ended
	Sep. 30, 2024 USD ($)
Total goodwill
Beginning balance	$ 11,026
Goodwill Acquired	0
Adjustments	(30)
Ending balance	$ 10,996

GOODWILL AND INTANGIBLE ASSET_3

GOODWILL AND INTANGIBLE ASSETS - Schedule of Components of Identifiable Intangible Assets (Details) - USD ($) $ in Millions	9 Months Ended	12 Months Ended
	Sep. 30, 2024	Dec. 31, 2023
Finite-Lived Intangible Assets [Line Items]
Gross Carrying Amount	$ 3,371	$ 3,379
Accumulated Amortization	(2,978)	(2,842)
Net Carrying Amount	393	537
Customer lists and user base
Finite-Lived Intangible Assets [Line Items]
Gross Carrying Amount	1,538	1,546
Accumulated Amortization	(1,232)	(1,140)
Net Carrying Amount	$ 306	$ 406
Weighted Average Useful Life (Years)	7 years	7 years
Marketing related
Finite-Lived Intangible Assets [Line Items]
Gross Carrying Amount	$ 386	$ 387
Accumulated Amortization	(359)	(350)
Net Carrying Amount	$ 27	$ 37
Weighted Average Useful Life (Years)	5 years	5 years
Developed technology
Finite-Lived Intangible Assets [Line Items]
Gross Carrying Amount	$ 1,012	$ 1,013
Accumulated Amortization	(1,012)	(999)
Net Carrying Amount	$ 0	$ 14
Weighted Average Useful Life (Years)	3 years	3 years
All other
Finite-Lived Intangible Assets [Line Items]
Gross Carrying Amount	$ 435	$ 433
Accumulated Amortization	(375)	(353)
Net Carrying Amount	$ 60	$ 80
Weighted Average Useful Life (Years)	7 years	7 years

GOODWILL AND INTANGIBLE ASSET_4

GOODWILL AND INTANGIBLE ASSETS - Additional Information (Details) - USD ($) $ in Millions	3 Months Ended		9 Months Ended
	Sep. 30, 2024	Sep. 30, 2023	Sep. 30, 2024	Sep. 30, 2023
Goodwill and Intangible Assets Disclosure [Abstract]
Amortization expense for intangible assets	$ 51	$ 57	$ 159	$ 172

GOODWILL AND INTANGIBLE ASSET_5

GOODWILL AND INTANGIBLE ASSETS - Schedule of Expected Future Intangible Asset Amortization (Details) - USD ($) $ in Millions	Sep. 30, 2024	Dec. 31, 2023
Fiscal years:
Remaining 2024	$ 42
2025	152
2026	95
2027	58
2028	46
Net Carrying Amount	$ 393	$ 537

LEASES - Schedules of Component

LEASES - Schedules of Components of Lease Expense (Details) - USD ($) $ in Millions	3 Months Ended		9 Months Ended
	Sep. 30, 2024	Sep. 30, 2023	Sep. 30, 2024	Sep. 30, 2023
Leases [Abstract]
Operating lease expense	$ 41	$ 39	$ 117	$ 119
Sublease income	(3)	(2)	(9)	(6)
Total lease expense, net	38	37	108	113
Cash paid for amounts included in the measurement of lease liabilities:
Operating cash flows from operating leases	42	45	127	131
Financing cash flows from finance leases	40	0	60	0
Right-of-use (“ROU”) lease assets obtained in exchange for new operating lease liabilities	59	(23)	336	(1)
ROU lease assets obtained in exchange for new finance lease liabilities	27	0	82	0
Other non-cash ROU lease asset activity	$ 0	$ (15)	$ 0	$ (40)

LEASES - Schedule of Lessee Ass

LEASES - Schedule of Lessee Assets and Liabilities (Details) - USD ($) $ in Millions	Sep. 30, 2024	Dec. 31, 2023
Operating leases
ROU lease assets	$ 631	$ 390
Current lease liabilities	135	144
Long-term lease liabilities	664	416
Total lease liabilities	$ 799	$ 560
Weighted-average remaining lease term	6 years	5 years
Weighted-average discount rate	4%	4%
Operating Lease, Right-of-Use Asset, Statement of Financial Position [Extensible Enumeration]	Other assets	Other assets
Operating Lease, Liability, Current, Statement of Financial Position [Extensible Enumeration]	Accrued expenses and other current liabilities	Accrued expenses and other current liabilities
Operating Lease, Liability, Noncurrent, Statement of Financial Position [Extensible Enumeration]	Other long-term liabilities	Other long-term liabilities
Finance leases
ROU lease assets	$ 77	$ 0
Current lease liabilities	6	0
Long-term lease liabilities	17	0
Total lease liabilities	$ 23	$ 0
Weighted-average remaining lease term	4 years 7 months 6 days	0 years
Weighted-average discount rate	5%	0%
Finance Lease, Liability, Current, Statement of Financial Position [Extensible Enumeration]	Accrued expenses and other current liabilities	Accrued expenses and other current liabilities
Finance Lease, Liability, Noncurrent, Statement of Financial Position [Extensible Enumeration]	Other long-term liabilities	Other long-term liabilities

LEASES - Schedule of Future Min

LEASES - Schedule of Future Minimum Operating Lease Payments (Details) - USD ($) $ in Millions	Sep. 30, 2024	Dec. 31, 2023
Operating leases
Remaining 2024	$ 35
2025	172
2026	172
2027	153
2028	102
Thereafter	285
Total	919
Less: present value discount	(120)
Lease liability	799	$ 560
Finance leases
Remaining 2024	0
2025	7
2026	6
2027	6
2028	6
Thereafter	0
Total	25
Less: present value discount	(2)
Lease liability	$ 23	$ 0

OTHER FINANCIAL STATEMENT DET_3

OTHER FINANCIAL STATEMENT DETAILS - Additional Information (Details)	Sep. 30, 2024 custodian
Organization, Consolidation and Presentation of Financial Statements [Abstract]
Number of third-party custodians	2

OTHER FINANCIAL STATEMENT DET_4

OTHER FINANCIAL STATEMENT DETAILS - Schedule of Crypto Asset Safeguarding Liability and Corresponding Asset (Details) - USD ($) $ in Millions	Sep. 30, 2024	Dec. 31, 2023
Schedule of Crypto-asset Safeguarding Asset and Liability [Line Items]
Crypto asset safeguarding liability	$ 2,167	$ 1,241
Crypto asset safeguarding asset	2,167	1,241
Bitcoin
Schedule of Crypto-asset Safeguarding Asset and Liability [Line Items]
Crypto asset safeguarding liability	1,440	741
Crypto asset safeguarding asset	1,440	741
Ethereum
Schedule of Crypto-asset Safeguarding Asset and Liability [Line Items]
Crypto asset safeguarding liability	634	412
Crypto asset safeguarding asset	634	412
Other
Schedule of Crypto-asset Safeguarding Asset and Liability [Line Items]
Crypto asset safeguarding liability	93	88
Crypto asset safeguarding asset	$ 93	$ 88

OTHER FINANCIAL STATEMENT DET_5

OTHER FINANCIAL STATEMENT DETAILS - Schedule of Accumulated Other Comprehensive Income (Loss) (Details) - USD ($) $ in Millions	3 Months Ended		9 Months Ended
	Sep. 30, 2024	Sep. 30, 2023	Sep. 30, 2024	Sep. 30, 2023
Accumulated Balances of Other Comprehensive Income (Loss), Net of Tax
Beginning balance	$ 20,622	$ 19,661	$ 21,051	$ 20,274
Other comprehensive income (loss) before reclassifications	54	151	88	168
Less: Amount of net gain (loss) reclassified from accumulated other comprehensive income (loss) (“AOCI”)	(12)	7	(31)	92
Other comprehensive income (loss), net of tax	66	144	119	76
Ending balance	20,174	19,740	20,174	19,740
Accumulated Other Comprehensive Income (Loss)
Accumulated Balances of Other Comprehensive Income (Loss), Estimated Tax Benefit (Expense)
Beginning balance	(91)	46	(16)	128
Other comprehensive income (loss) before reclassifications	28	(40)	(47)	(122)
Less: Amount of net gain (loss) reclassified from accumulated other comprehensive income (loss) (“AOCI”)	0	0	0	0
Net current period other comprehensive income (loss)	28	(40)	(47)	(122)
Ending balance	(63)	6	(63)	6
Accumulated Balances of Other Comprehensive Income (Loss), Net of Tax
Beginning balance	(693)	(996)	(746)	(928)
Ending balance	(627)	(852)	(627)	(852)
Unrealized Gains (Losses) on Cash Flow Hedges
Accumulated Balances of Other Comprehensive Income (Loss), Before Tax
Beginning balance	43	(23)	(56)	111
Other comprehensive income (loss) before reclassifications	(160)	116	(39)	92
Less: Amount of net gain (loss) reclassified from accumulated other comprehensive income (loss) (“AOCI”)	(12)	7	10	117
Net current period other comprehensive income (loss)	(148)	109	(49)	(25)
Ending balance	(105)	86	(105)	86
Unrealized Gains (Losses) on Available-for-sale Debt Securities
Accumulated Balances of Other Comprehensive Income (Loss), Before Tax
Beginning balance	(36)	(403)	(134)	(591)
Other comprehensive income (loss) before reclassifications	60	110	117	273
Less: Amount of net gain (loss) reclassified from accumulated other comprehensive income (loss) (“AOCI”)	0	0	(41)	(25)
Net current period other comprehensive income (loss)	60	110	158	298
Ending balance	24	(293)	24	(293)
Foreign Currency Translation Adjustment (“CTA”)
Accumulated Balances of Other Comprehensive Income (Loss), Before Tax
Beginning balance	(999)	(811)	(731)	(575)
Other comprehensive income (loss) before reclassifications	275	(70)	7	(306)
Less: Amount of net gain (loss) reclassified from accumulated other comprehensive income (loss) (“AOCI”)	0	0	0	0
Net current period other comprehensive income (loss)	275	(70)	7	(306)
Ending balance	(724)	(881)	(724)	(881)
Net Investment Hedges CTA Gains (Losses)
Accumulated Balances of Other Comprehensive Income (Loss), Before Tax
Beginning balance	390	195	191	(1)
Other comprehensive income (loss) before reclassifications	(149)	35	50	231
Less: Amount of net gain (loss) reclassified from accumulated other comprehensive income (loss) (“AOCI”)	0	0	0	0
Net current period other comprehensive income (loss)	(149)	35	50	231
Ending balance	$ 241	$ 230	$ 241	$ 230

OTHER FINANCIAL STATEMENT DET_6

OTHER FINANCIAL STATEMENT DETAILS - Schedule of Reclassifications out of AOCI (Details) - USD ($) $ in Millions	3 Months Ended						9 Months Ended
	Sep. 30, 2024	Jun. 30, 2024	Mar. 31, 2024	Sep. 30, 2023	Jun. 30, 2023	Mar. 31, 2023	Sep. 30, 2024	Sep. 30, 2023
Reclassification Adjustment out of Accumulated Other Comprehensive Income (Loss) on Derivatives [Line Items]
Net revenues	$ 7,847			$ 7,418			$ 23,431	$ 21,745
Other income (expense), net	(80)			73			35	318
Income before income taxes	1,311			1,241			3,919	3,618
Income tax expense	301			221			893	774
Net income (loss)	1,010	$ 1,128	$ 888	1,020	$ 1,029	$ 795	3,026	2,844
Amount of Gains (Losses) Reclassified from AOCI
Reclassification Adjustment out of Accumulated Other Comprehensive Income (Loss) on Derivatives [Line Items]
Income before income taxes	(12)			7			(31)	92
Income tax expense	0			0			0	0
Net income (loss)	(12)			7			(31)	92
Amount of Gains (Losses) Reclassified from AOCI | Net gains (losses) on cash flow hedges—foreign currency exchange contracts
Reclassification Adjustment out of Accumulated Other Comprehensive Income (Loss) on Derivatives [Line Items]
Net revenues	(12)			7			10	117
Amount of Gains (Losses) Reclassified from AOCI | Net gains (losses) on investments
Reclassification Adjustment out of Accumulated Other Comprehensive Income (Loss) on Derivatives [Line Items]
Net revenues	0			0			(41)	(23)
Other income (expense), net	$ 0			$ 0			$ 0	$ (2)

OTHER FINANCIAL STATEMENT DET_7

OTHER FINANCIAL STATEMENT DETAILS - Schedule of Other Income (Expense), Net (Details) - USD ($) $ in Millions	3 Months Ended		9 Months Ended
	Sep. 30, 2024	Sep. 30, 2023	Sep. 30, 2024	Sep. 30, 2023
Organization, Consolidation and Presentation of Financial Statements [Abstract]
Interest income	$ 183	$ 124	$ 514	$ 348
Interest expense	(106)	(86)	(285)	(260)
Net gains (losses) on strategic investments	(171)	24	(226)	205
Other	14	11	32	25
Other income (expense), net	$ (80)	$ 73	$ 35	$ 318

CASH AND CASH EQUIVALENTS, FU_3

CASH AND CASH EQUIVALENTS, FUNDS RECEIVABLE AND CUSTOMER ACCOUNTS, AND INVESTMENTS - Schedule of Assets Underlying Cash And Cash Equivalents, Funds Receivable and Customer Accounts, Short-term Investments, and Long-term Investments (Details) - USD ($) $ in Millions	Sep. 30, 2024	Dec. 31, 2023	Sep. 30, 2023
Debt Securities, Available-for-sale [Line Items]
Cash and cash equivalents	$ 7,272	$ 9,081	$ 6,816
Funds receivable and customer accounts:
Total funds receivable and customer accounts	39,182	38,935
Short-term investments:
Time deposits	186	128
Available-for-sale debt securities	4,360	4,848
Restricted cash	1	3
Strategic investments	100	0
Total short-term investments	4,647	4,979
Long-term investments:
Time deposits	15	45
Available-for-sale debt securities	2,660	1,391
Strategic investments	1,607	1,837
Total long-term investments	4,282	3,273
Cash and cash equivalents
Short-term investments:
Available-for-sale debt securities	$ 70	$ 777
Cash and cash equivalents | Maximum
Long-term investments:
Debt securities, available for sale, original maturities term	3 months	3 months
Cash and cash equivalents
Funds receivable and customer accounts:
Total funds receivable and customer accounts	$ 14,161	$ 12,750
Short-term investments:
Available-for-sale debt securities	$ 49	$ 399
Cash and cash equivalents | Maximum
Long-term investments:
Debt securities, available for sale, original maturities term	3 months	3 months
Time deposits
Funds receivable and customer accounts:
Total funds receivable and customer accounts	$ 108	$ 82
Available-for-sale debt securities
Funds receivable and customer accounts:
Total funds receivable and customer accounts	14,776	15,708
Funds receivable
Funds receivable and customer accounts:
Total funds receivable and customer accounts	$ 10,137	$ 10,395

CASH AND CASH EQUIVALENTS, FU_4

CASH AND CASH EQUIVALENTS, FUNDS RECEIVABLE AND CUSTOMER ACCOUNTS, AND INVESTMENTS - Schedule of Estimated Fair Value of Investments Classified as Available for Sale (Details) - USD ($) $ in Millions	Sep. 30, 2024	Dec. 31, 2023
Debt Securities, Available-for-sale [Line Items]
Gross Amortized Cost	$ 21,417	$ 22,639
Gross Unrealized Gains	39	24
Gross Unrealized Losses	(15)	(158)
Estimated Fair Value	21,441	22,505
Funds receivable and customer accounts | U.S. government and agency securities
Debt Securities, Available-for-sale [Line Items]
Gross Amortized Cost	6,376	8,549
Gross Unrealized Gains	10	8
Gross Unrealized Losses	(4)	(79)
Estimated Fair Value	6,382	8,478
Funds receivable and customer accounts | Foreign government and agency securities
Debt Securities, Available-for-sale [Line Items]
Gross Amortized Cost	74	620
Gross Unrealized Gains	0	0
Gross Unrealized Losses	0	(8)
Estimated Fair Value	74	612
Funds receivable and customer accounts | Corporate debt securities
Debt Securities, Available-for-sale [Line Items]
Gross Amortized Cost	380	1,507
Gross Unrealized Gains	0	0
Gross Unrealized Losses	0	(18)
Estimated Fair Value	380	1,489
Funds receivable and customer accounts | Mortgage-backed and asset-backed securities
Debt Securities, Available-for-sale [Line Items]
Gross Amortized Cost	3,389	1,421
Gross Unrealized Gains	12	4
Gross Unrealized Losses	(2)	(2)
Estimated Fair Value	3,399	1,423
Funds receivable and customer accounts | Municipal securities
Debt Securities, Available-for-sale [Line Items]
Gross Amortized Cost	645	639
Gross Unrealized Gains	2	1
Gross Unrealized Losses	0	(2)
Estimated Fair Value	647	638
Funds receivable and customer accounts | Commercial paper
Debt Securities, Available-for-sale [Line Items]
Gross Amortized Cost	3,467	2,846
Gross Unrealized Gains	2	4
Gross Unrealized Losses	0	(1)
Estimated Fair Value	3,469	2,849
Short-term investments | U.S. government and agency securities
Debt Securities, Available-for-sale [Line Items]
Gross Amortized Cost	337	632
Gross Unrealized Gains	0	0
Gross Unrealized Losses	(4)	(9)
Estimated Fair Value	333	623
Short-term investments | Foreign government and agency securities
Debt Securities, Available-for-sale [Line Items]
Gross Amortized Cost	24	353
Gross Unrealized Gains	0	0
Gross Unrealized Losses	0	(6)
Estimated Fair Value	24	347
Short-term investments | Corporate debt securities
Debt Securities, Available-for-sale [Line Items]
Gross Amortized Cost	1,196	1,494
Gross Unrealized Gains	0	1
Gross Unrealized Losses	(2)	(13)
Estimated Fair Value	1,194	1,482
Short-term investments | Mortgage-backed and asset-backed securities
Debt Securities, Available-for-sale [Line Items]
Gross Amortized Cost	767	719
Gross Unrealized Gains	5	3
Gross Unrealized Losses	(1)	(4)
Estimated Fair Value	771	718
Short-term investments | Commercial paper
Debt Securities, Available-for-sale [Line Items]
Gross Amortized Cost	2,037	1,678
Gross Unrealized Gains	1	1
Gross Unrealized Losses	0	(1)
Estimated Fair Value	2,038	1,678
Long-term investments: | U.S. government and agency securities
Debt Securities, Available-for-sale [Line Items]
Gross Amortized Cost	235	188
Gross Unrealized Gains	0	0
Gross Unrealized Losses	0	(8)
Estimated Fair Value	235	180
Long-term investments: | Foreign government and agency securities
Debt Securities, Available-for-sale [Line Items]
Gross Amortized Cost	184	33
Gross Unrealized Gains	1	0
Gross Unrealized Losses	(1)	(1)
Estimated Fair Value	184	32
Long-term investments: | Corporate debt securities
Debt Securities, Available-for-sale [Line Items]
Gross Amortized Cost	1,564	424
Gross Unrealized Gains	5	0
Gross Unrealized Losses	(1)	(6)
Estimated Fair Value	1,568	418
Long-term investments: | Mortgage-backed and asset-backed securities
Debt Securities, Available-for-sale [Line Items]
Gross Amortized Cost	672	759
Gross Unrealized Gains	1	2
Gross Unrealized Losses	0	0
Estimated Fair Value	673	761
U.S. government and agency securities
Debt Securities, Available-for-sale [Line Items]
Gross Amortized Cost		428
Gross Unrealized Gains		0
Gross Unrealized Losses		0
Estimated Fair Value		428
Commercial paper
Debt Securities, Available-for-sale [Line Items]
Gross Amortized Cost	70	349
Gross Unrealized Gains	0	0
Gross Unrealized Losses	0	0
Estimated Fair Value	$ 70	$ 349

CASH AND CASH EQUIVALENTS, FU_5

CASH AND CASH EQUIVALENTS, FUNDS RECEIVABLE AND CUSTOMER ACCOUNTS, AND INVESTMENTS - Additional Information (Details) - USD ($) $ in Millions	3 Months Ended		9 Months Ended
	Sep. 30, 2024	Sep. 30, 2023	Sep. 30, 2024	Sep. 30, 2023	Dec. 31, 2023
Investments, Debt and Equity Securities [Abstract]
Accrued interest receivable	$ 159		$ 159		$ 101
Debt Securities, Available-for-Sale, Accrued Interest, after Allowance for Credit Loss, Statement of Financial Position [Extensible Enumeration]	Prepaid expenses and other current assets		Prepaid expenses and other current assets		Prepaid expenses and other current assets
Proceeds from the sale of available-for-sale debt securities	$ 7,200	$ 5,600	$ 27,400	$ 17,000
Gross realized losses on available-for-sale debt securities	$ 0	$ 0	43	$ 25
Non cash investments not yet settled			$ 75

CASH AND CASH EQUIVALENTS, FU_6

CASH AND CASH EQUIVALENTS, FUNDS RECEIVABLE AND CUSTOMER ACCOUNTS, AND INVESTMENTS - Schedule of Available-for-sale Debt Securities in Continuous Loss Position (Details) - USD ($) $ in Millions	Sep. 30, 2024	Dec. 31, 2023
Fair Value
Less than 12 months	$ 6,763	$ 5,939
12 months or longer	1,530	8,472
Total	8,293	14,411
Gross Unrealized Losses
Less than 12 months	(3)	(11)
12 months or longer	(12)	(147)
Total	(15)	(158)
Funds receivable and customer accounts | U.S. government and agency securities
Fair Value
Less than 12 months	2,507	2,626
12 months or longer	840	3,917
Total	3,347	6,543
Gross Unrealized Losses
Less than 12 months	(1)	(8)
12 months or longer	(3)	(71)
Total	(4)	(79)
Funds receivable and customer accounts | Foreign government and agency securities
Fair Value
Less than 12 months	74	36
12 months or longer	0	451
Total	74	487
Gross Unrealized Losses
Less than 12 months	0	0
12 months or longer	0	(8)
Total	0	(8)
Funds receivable and customer accounts | Corporate debt securities
Fair Value
Less than 12 months	120	100
12 months or longer	50	1,364
Total	170	1,464
Gross Unrealized Losses
Less than 12 months	0	0
12 months or longer	0	(18)
Total	0	(18)
Funds receivable and customer accounts | Mortgage-backed and asset-backed securities
Fair Value
Less than 12 months	899	253
12 months or longer	4	473
Total	903	726
Gross Unrealized Losses
Less than 12 months	(1)	0
12 months or longer	(1)	(2)
Total	(2)	(2)
Funds receivable and customer accounts | Municipal securities
Fair Value
Less than 12 months	61	196
12 months or longer	36	156
Total	97	352
Gross Unrealized Losses
Less than 12 months	0	(1)
12 months or longer	0	(1)
Total	0	(2)
Funds receivable and customer accounts | Commercial paper
Fair Value
Less than 12 months	674	1,088
12 months or longer	0	0
Total	674	1,088
Gross Unrealized Losses
Less than 12 months	0	(1)
12 months or longer	0	0
Total	0	(1)
Short-term investments | U.S. government and agency securities
Fair Value
Less than 12 months	0	0
12 months or longer	333	296
Total	333	296
Gross Unrealized Losses
Less than 12 months	0	0
12 months or longer	(4)	(9)
Total	(4)	(9)
Short-term investments | Foreign government and agency securities
Fair Value
Less than 12 months		0
12 months or longer		347
Total		347
Gross Unrealized Losses
Less than 12 months		0
12 months or longer		(6)
Total		(6)
Short-term investments | Corporate debt securities
Fair Value
Less than 12 months	386	194
12 months or longer	174	797
Total	560	991
Gross Unrealized Losses
Less than 12 months	0	0
12 months or longer	(2)	(13)
Total	(2)	(13)
Short-term investments | Mortgage-backed and asset-backed securities
Fair Value
Less than 12 months	187	131
12 months or longer	50	144
Total	237	275
Gross Unrealized Losses
Less than 12 months	0	0
12 months or longer	(1)	(4)
Total	(1)	(4)
Short-term investments | Commercial paper
Fair Value
Less than 12 months	697	737
12 months or longer	0	0
Total	697	737
Gross Unrealized Losses
Less than 12 months	0	(1)
12 months or longer	0	0
Total	0	(1)
Long-term investments: | U.S. government and agency securities
Fair Value
Less than 12 months	235	0
12 months or longer	0	180
Total	235	180
Gross Unrealized Losses
Less than 12 months	0	0
12 months or longer	0	(8)
Total	0	(8)
Long-term investments: | Foreign government and agency securities
Fair Value
Less than 12 months	30	0
12 months or longer	34	32
Total	64	32
Gross Unrealized Losses
Less than 12 months	0	0
12 months or longer	(1)	(1)
Total	(1)	(1)
Long-term investments: | Corporate debt securities
Fair Value
Less than 12 months	525	120
12 months or longer	9	120
Total	534	240
Gross Unrealized Losses
Less than 12 months	(1)	0
12 months or longer	0	(6)
Total	(1)	(6)
Long-term investments: | Mortgage-backed and asset-backed securities
Fair Value
Less than 12 months	348	109
12 months or longer	0	195
Total	348	304
Gross Unrealized Losses
Less than 12 months	0	0
12 months or longer	0	0
Total	0	0
Commercial paper
Fair Value
Less than 12 months	20	349
12 months or longer	0	0
Total	20	349
Gross Unrealized Losses
Less than 12 months	0	0
12 months or longer	0	0
Total	$ 0	$ 0

CASH AND CASH EQUIVALENTS, FU_7

CASH AND CASH EQUIVALENTS, FUNDS RECEIVABLE AND CUSTOMER ACCOUNTS, AND INVESTMENTS - Schedule of Estimated Fair Values of Investments Classified as Available for Sale by Contractual Maturity (Details) - USD ($) $ in Millions	Sep. 30, 2024	Dec. 31, 2023
Amortized Cost
One year or less	$ 11,806
After one year through five years	5,879
After five years through ten years	3,130
After ten years	602
Gross Amortized Cost	21,417	$ 22,639
Fair Value
One year or less	11,804
After one year through five years	5,900
After five years through ten years	3,135
After ten years	602
Fair Value	$ 21,441	$ 22,505

CASH AND CASH EQUIVALENTS, FU_8

CASH AND CASH EQUIVALENTS, FUNDS RECEIVABLE AND CUSTOMER ACCOUNTS, AND INVESTMENTS - Strategic Investments (Details) - USD ($) $ in Millions	Sep. 30, 2024	Dec. 31, 2023
Investments, Debt and Equity Securities [Abstract]
Carrying value of marketable equity securities recorded in long-term investments	$ 17	$ 24
Carrying value of non-marketable equity securities which do not have readily determinable fair value	1,700	1,800
Carrying value of non-marketable equity	$ 208	$ 182

CASH AND CASH EQUIVALENTS, FU_9

CASH AND CASH EQUIVALENTS, FUNDS RECEIVABLE AND CUSTOMER ACCOUNTS, AND INVESTMENTS - Schedule of Adjustments to Carrying Value of Equity Investments (Details) - USD ($) $ in Millions	3 Months Ended		9 Months Ended
	Sep. 30, 2024	Sep. 30, 2023	Sep. 30, 2024	Sep. 30, 2023
Equity Securities without Readily Determinable Fair Value [Roll Forward]
Carrying amount, beginning of period	$ 1,635	$ 1,691	$ 1,631	$ 1,687
Adjustments related to non-marketable equity securities:
Net additions	20	4	85	30
Gross unrealized gains	2	0	5	23
Gross unrealized losses and impairments	(175)	(15)	(239)	(60)
Carrying amount, end of period	$ 1,482	$ 1,680	$ 1,482	$ 1,680

CASH AND CASH EQUIVALENTS, F_10

CASH AND CASH EQUIVALENTS, FUNDS RECEIVABLE AND CUSTOMER ACCOUNTS, AND INVESTMENTS - Schedule of Cumulative Gross Unrealized Gains and Cumulative Gross Unrealized Losses and Impairment Related to Non-marketable Equity Securities (Details) - USD ($) $ in Millions	Sep. 30, 2024	Dec. 31, 2023
Investments, Debt and Equity Securities [Abstract]
Cumulative gross unrealized gains	$ 1,172	$ 1,168
Cumulative gross unrealized losses and impairments	$ (521)	$ (283)

CASH AND CASH EQUIVALENTS, F_11

CASH AND CASH EQUIVALENTS, FUNDS RECEIVABLE AND CUSTOMER ACCOUNTS, AND INVESTMENTS - Schedule of Unrealized Gains (Losses) on Strategic Investments, Excluding Those Accounted for Using the Equity Method (Details) - USD ($) $ in Millions	3 Months Ended		9 Months Ended
	Sep. 30, 2024	Sep. 30, 2023	Sep. 30, 2024	Sep. 30, 2023
Investments, Debt and Equity Securities [Abstract]
Net unrealized gains (losses)	$ (171)	$ 13	$ (242)	$ 200

FAIR VALUE MEASUREMENT OF ASS_3

FAIR VALUE MEASUREMENT OF ASSETS AND LIABILITIES - Schedule of Financial Assets and Liabilities Measured at Fair Value on a Recurring Basis (Details) - USD ($) $ in Millions	Sep. 30, 2024	Dec. 31, 2023
Assets:
Crypto asset safeguarding asset	$ 2,167	$ 1,241
Liabilities:
Crypto asset safeguarding liability	2,167	1,241
Cash	7,200	8,100
Restricted cash	1	3
Time deposits, current and noncurrent	201	173
Carrying value of non-marketable equity securities which do not have readily determinable fair value	1,700	1,800
Cash, time deposits and funds receivable
Assets:
Funds Receivable And Customer Accounts, Fair Value Disclosure	24,400	22,800
Fair value, measurements, recurring basis
Assets:
Cash and cash equivalents		937
Funds Receivable And Customer Accounts, Fair Value Disclosure	14,825	16,107
Derivatives	214	141
Crypto asset safeguarding asset	2,167	1,241
Total financial assets	24,313	24,689
Liabilities:
Derivatives	161	131
Crypto asset safeguarding liability	2,167	1,241
Total financial liabilities	2,328	1,372
Fair value, measurements, recurring basis | U.S. government and agency securities
Assets:
Funds Receivable And Customer Accounts, Fair Value Disclosure	6,382	8,478
Fair value, measurements, recurring basis | Foreign government and agency securities
Assets:
Funds Receivable And Customer Accounts, Fair Value Disclosure	398	1,118
Fair value, measurements, recurring basis | Corporate debt securities
Assets:
Funds Receivable And Customer Accounts, Fair Value Disclosure	530	1,601
Fair value, measurements, recurring basis | Mortgage-backed and asset-backed securities
Assets:
Funds Receivable And Customer Accounts, Fair Value Disclosure	3,399	1,423
Fair value, measurements, recurring basis | Municipal securities
Assets:
Funds Receivable And Customer Accounts, Fair Value Disclosure	647	638
Fair value, measurements, recurring basis | Commercial paper
Assets:
Funds Receivable And Customer Accounts, Fair Value Disclosure	3,469	2,849
Fair value, measurements, recurring basis | Short-term investments
Assets:
Investments	4,360	4,848
Fair value, measurements, recurring basis | Short-term investments | U.S. government and agency securities
Assets:
Investments	333	623
Fair value, measurements, recurring basis | Short-term investments | Foreign government and agency securities
Assets:
Investments	24	347
Fair value, measurements, recurring basis | Short-term investments | Corporate debt securities
Assets:
Investments	1,194	1,482
Fair value, measurements, recurring basis | Short-term investments | Mortgage-backed and asset-backed securities
Assets:
Investments	771	718
Fair value, measurements, recurring basis | Short-term investments | Commercial paper
Assets:
Investments	2,038	1,678
Fair value, measurements, recurring basis | Long-term investments:
Assets:
Investments	2,677	1,415
Fair value, measurements, recurring basis | Long-term investments: | U.S. government and agency securities
Assets:
Investments	235	180
Fair value, measurements, recurring basis | Long-term investments: | Foreign government and agency securities
Assets:
Investments	184	32
Fair value, measurements, recurring basis | Long-term investments: | Corporate debt securities
Assets:
Investments	1,568	418
Fair value, measurements, recurring basis | Long-term investments: | Mortgage-backed and asset-backed securities
Assets:
Investments	673	761
Fair value, measurements, recurring basis | Long-term investments: | Marketable equity securities
Assets:
Investments	17	24
Fair value, measurements, recurring basis | Quoted Prices in Active Markets for Identical Assets (Level 1)
Assets:
Cash and cash equivalents		160
Funds Receivable And Customer Accounts, Fair Value Disclosure	0	0
Derivatives	0	0
Crypto asset safeguarding asset	0	0
Total financial assets	17	184
Liabilities:
Derivatives	0	0
Crypto asset safeguarding liability	0	0
Total financial liabilities	0	0
Fair value, measurements, recurring basis | Quoted Prices in Active Markets for Identical Assets (Level 1) | U.S. government and agency securities
Assets:
Funds Receivable And Customer Accounts, Fair Value Disclosure	0	0
Fair value, measurements, recurring basis | Quoted Prices in Active Markets for Identical Assets (Level 1) | Foreign government and agency securities
Assets:
Funds Receivable And Customer Accounts, Fair Value Disclosure	0	0
Fair value, measurements, recurring basis | Quoted Prices in Active Markets for Identical Assets (Level 1) | Corporate debt securities
Assets:
Funds Receivable And Customer Accounts, Fair Value Disclosure	0	0
Fair value, measurements, recurring basis | Quoted Prices in Active Markets for Identical Assets (Level 1) | Mortgage-backed and asset-backed securities
Assets:
Funds Receivable And Customer Accounts, Fair Value Disclosure	0	0
Fair value, measurements, recurring basis | Quoted Prices in Active Markets for Identical Assets (Level 1) | Municipal securities
Assets:
Funds Receivable And Customer Accounts, Fair Value Disclosure	0	0
Fair value, measurements, recurring basis | Quoted Prices in Active Markets for Identical Assets (Level 1) | Commercial paper
Assets:
Funds Receivable And Customer Accounts, Fair Value Disclosure	0	0
Fair value, measurements, recurring basis | Quoted Prices in Active Markets for Identical Assets (Level 1) | Short-term investments
Assets:
Investments	0	0
Fair value, measurements, recurring basis | Quoted Prices in Active Markets for Identical Assets (Level 1) | Short-term investments | U.S. government and agency securities
Assets:
Investments	0	0
Fair value, measurements, recurring basis | Quoted Prices in Active Markets for Identical Assets (Level 1) | Short-term investments | Foreign government and agency securities
Assets:
Investments	0	0
Fair value, measurements, recurring basis | Quoted Prices in Active Markets for Identical Assets (Level 1) | Short-term investments | Corporate debt securities
Assets:
Investments	0	0
Fair value, measurements, recurring basis | Quoted Prices in Active Markets for Identical Assets (Level 1) | Short-term investments | Mortgage-backed and asset-backed securities
Assets:
Investments	0	0
Fair value, measurements, recurring basis | Quoted Prices in Active Markets for Identical Assets (Level 1) | Short-term investments | Commercial paper
Assets:
Investments	0	0
Fair value, measurements, recurring basis | Quoted Prices in Active Markets for Identical Assets (Level 1) | Long-term investments:
Assets:
Investments	17	24
Fair value, measurements, recurring basis | Quoted Prices in Active Markets for Identical Assets (Level 1) | Long-term investments: | U.S. government and agency securities
Assets:
Investments	0	0
Fair value, measurements, recurring basis | Quoted Prices in Active Markets for Identical Assets (Level 1) | Long-term investments: | Foreign government and agency securities
Assets:
Investments	0	0
Fair value, measurements, recurring basis | Quoted Prices in Active Markets for Identical Assets (Level 1) | Long-term investments: | Corporate debt securities
Assets:
Investments	0	0
Fair value, measurements, recurring basis | Quoted Prices in Active Markets for Identical Assets (Level 1) | Long-term investments: | Mortgage-backed and asset-backed securities
Assets:
Investments	0	0
Fair value, measurements, recurring basis | Quoted Prices in Active Markets for Identical Assets (Level 1) | Long-term investments: | Marketable equity securities
Assets:
Investments	17	24
Fair value, measurements, recurring basis | Significant Other Observable Inputs (Level 2)
Assets:
Cash and cash equivalents		777
Funds Receivable And Customer Accounts, Fair Value Disclosure	14,825	16,107
Derivatives	214	141
Crypto asset safeguarding asset	2,167	1,241
Total financial assets	24,296	24,505
Liabilities:
Derivatives	161	131
Crypto asset safeguarding liability	2,167	1,241
Total financial liabilities	2,328	1,372
Fair value, measurements, recurring basis | Significant Other Observable Inputs (Level 2) | U.S. government and agency securities
Assets:
Funds Receivable And Customer Accounts, Fair Value Disclosure	6,382	8,478
Fair value, measurements, recurring basis | Significant Other Observable Inputs (Level 2) | Foreign government and agency securities
Assets:
Funds Receivable And Customer Accounts, Fair Value Disclosure	398	1,118
Fair value, measurements, recurring basis | Significant Other Observable Inputs (Level 2) | Corporate debt securities
Assets:
Funds Receivable And Customer Accounts, Fair Value Disclosure	530	1,601
Fair value, measurements, recurring basis | Significant Other Observable Inputs (Level 2) | Mortgage-backed and asset-backed securities
Assets:
Funds Receivable And Customer Accounts, Fair Value Disclosure	3,399	1,423
Fair value, measurements, recurring basis | Significant Other Observable Inputs (Level 2) | Municipal securities
Assets:
Funds Receivable And Customer Accounts, Fair Value Disclosure	647	638
Fair value, measurements, recurring basis | Significant Other Observable Inputs (Level 2) | Commercial paper
Assets:
Funds Receivable And Customer Accounts, Fair Value Disclosure	3,469	2,849
Fair value, measurements, recurring basis | Significant Other Observable Inputs (Level 2) | Short-term investments
Assets:
Investments	4,360	4,848
Fair value, measurements, recurring basis | Significant Other Observable Inputs (Level 2) | Short-term investments | U.S. government and agency securities
Assets:
Investments	333	623
Fair value, measurements, recurring basis | Significant Other Observable Inputs (Level 2) | Short-term investments | Foreign government and agency securities
Assets:
Investments	24	347
Fair value, measurements, recurring basis | Significant Other Observable Inputs (Level 2) | Short-term investments | Corporate debt securities
Assets:
Investments	1,194	1,482
Fair value, measurements, recurring basis | Significant Other Observable Inputs (Level 2) | Short-term investments | Mortgage-backed and asset-backed securities
Assets:
Investments	771	718
Fair value, measurements, recurring basis | Significant Other Observable Inputs (Level 2) | Short-term investments | Commercial paper
Assets:
Investments	2,038	1,678
Fair value, measurements, recurring basis | Significant Other Observable Inputs (Level 2) | Long-term investments:
Assets:
Investments	2,660	1,391
Fair value, measurements, recurring basis | Significant Other Observable Inputs (Level 2) | Long-term investments: | U.S. government and agency securities
Assets:
Investments	235	180
Fair value, measurements, recurring basis | Significant Other Observable Inputs (Level 2) | Long-term investments: | Foreign government and agency securities
Assets:
Investments	184	32
Fair value, measurements, recurring basis | Significant Other Observable Inputs (Level 2) | Long-term investments: | Corporate debt securities
Assets:
Investments	1,568	418
Fair value, measurements, recurring basis | Significant Other Observable Inputs (Level 2) | Long-term investments: | Mortgage-backed and asset-backed securities
Assets:
Investments	673	761
Fair value, measurements, recurring basis | Significant Other Observable Inputs (Level 2) | Long-term investments: | Marketable equity securities
Assets:
Investments	0	0
U.S. government and agency securities | Fair value, measurements, recurring basis
Assets:
Cash and cash equivalents		428
U.S. government and agency securities | Fair value, measurements, recurring basis | Quoted Prices in Active Markets for Identical Assets (Level 1)
Assets:
Cash and cash equivalents		0
U.S. government and agency securities | Fair value, measurements, recurring basis | Significant Other Observable Inputs (Level 2)
Assets:
Cash and cash equivalents		428
Commercial paper | Fair value, measurements, recurring basis
Assets:
Cash and cash equivalents	70	349
Commercial paper | Fair value, measurements, recurring basis | Quoted Prices in Active Markets for Identical Assets (Level 1)
Assets:
Cash and cash equivalents	0	0
Commercial paper | Fair value, measurements, recurring basis | Significant Other Observable Inputs (Level 2)
Assets:
Cash and cash equivalents	$ 70	349
Money market fund | Fair value, measurements, recurring basis
Assets:
Cash and cash equivalents		160
Money market fund | Fair value, measurements, recurring basis | Quoted Prices in Active Markets for Identical Assets (Level 1)
Assets:
Cash and cash equivalents		160
Money market fund | Fair value, measurements, recurring basis | Significant Other Observable Inputs (Level 2)
Assets:
Cash and cash equivalents		$ 0

FAIR VALUE MEASUREMENT OF ASS_4

FAIR VALUE MEASUREMENT OF ASSETS AND LIABILITIES - Schedule of Investments under the Fair Value Option (Details) - USD ($) $ in Millions	3 Months Ended		9 Months Ended
	Sep. 30, 2024	Sep. 30, 2023	Sep. 30, 2024	Sep. 30, 2023	Dec. 31, 2023
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items]
Amortized Cost	$ 21,417		$ 21,417		$ 22,639
Fair Value	21,441		21,441		22,505
Fair Value Option, Investments
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items]
Funds receivable and customer accounts	23	$ (5)	8	$ 6
Funds receivable and customer accounts | Fair Value Option, Investments
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items]
Amortized Cost	478		478		625
Fair Value	$ 474		$ 474		$ 618

FAIR VALUE MEASUREMENT OF ASS_5

FAIR VALUE MEASUREMENT OF ASSETS AND LIABILITIES - Schedule of Assets and Liabilities Measured at Fair Value on a Non-Recurring Basis (Details) $ / shares in Units, $ in Millions	Sep. 30, 2024 USD ($)	Jun. 30, 2024 USD ($)	Dec. 31, 2023 USD ($) $ / shares	Sep. 30, 2023 USD ($)	Jun. 30, 2023 USD ($)	Dec. 31, 2022 USD ($)
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Equity securities measured at cost minus impairment	$ 1,482	$ 1,635	$ 1,631	$ 1,680	$ 1,691	$ 1,687
Fair Value, measurements, not on a recurring basis
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Loans and interest receivable, held for sale	471		563
Non-marketable equity securities measured using the Measurement Alternative	473		440
Other assets			112
Total financial assets	944		1,115
Equity securities measured at cost minus impairment	1,000		1,200
Fair Value, measurements, not on a recurring basis | Significant Other Observable Inputs (Level 2)
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Loans and interest receivable, held for sale	471		0
Non-marketable equity securities measured using the Measurement Alternative	94		131
Other assets			112
Total financial assets	565		243
Fair Value, measurements, not on a recurring basis | Significant Other Unobservable Inputs (Level 3)
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Loans and interest receivable, held for sale	0		563
Non-marketable equity securities measured using the Measurement Alternative	379		309
Other assets			0
Total financial assets	$ 379		$ 872
Loan, held-for-sale, par value (in dollars per share) | $ / shares			$ 1
Fair Value, measurements, not on a recurring basis | Significant Other Unobservable Inputs (Level 3) | Minimum
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Loans receivable, held for sale, measurement input			0.99
Fair Value, measurements, not on a recurring basis | Significant Other Unobservable Inputs (Level 3) | Maximum
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Loans receivable, held for sale, measurement input			0.99
Fair Value, measurements, not on a recurring basis | Significant Other Unobservable Inputs (Level 3) | Weighted Average
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Loans receivable, held for sale, measurement input			0.99

FAIR VALUE MEASUREMENT OF ASS_6

FAIR VALUE MEASUREMENT OF ASSETS AND LIABILITIES - Additional Information (Details) - USD ($) $ in Millions	Sep. 30, 2024	Dec. 31, 2023
Carrying Value
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Notes receivable	$ 521	$ 513
Long-term debt (including current portion) in the form of fixed rate notes	11,800	10,600
Fair Value
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Notes receivable	506	474
Long-term debt (including current portion) in the form of fixed rate notes	$ 10,200	$ 10,000

DERIVATIVE INSTRUMENTS - Additi

DERIVATIVE INSTRUMENTS - Additional Information (Details) - USD ($)	3 Months Ended		9 Months Ended
	Sep. 30, 2024	Sep. 30, 2023	Sep. 30, 2024	Sep. 30, 2023	Dec. 31, 2023
Derivative Instruments and Hedging Activities Disclosure [Abstract]
Maximum maturity of foreign currency exchange contracts			12 months
Net derivative losses related to cash flow hedges to be reclassified into earnings within the next 12 months	$ 106,000,000		$ 106,000,000
Net investment hedge CTA gains (losses), reclassifications	0	$ 0	0	$ 0
Derivative asset, offset	19,000,000		19,000,000		$ 38,000,000
Derivative liability, offset	$ 19,000,000		$ 19,000,000		$ 38,000,000

DERIVATIVE INSTRUMENTS - Schedu

DERIVATIVE INSTRUMENTS - Schedule of Fair Value of Derivative Instruments (Details) - USD ($) $ in Millions	Sep. 30, 2024	Dec. 31, 2023
Foreign Exchange Contract
Derivatives, Fair Value [Line Items]
Derivative assets	$ 214	$ 141
Derivative liabilities	$ 161	$ 131
Other current assets
Derivatives, Fair Value [Line Items]
Derivative Asset, Statement of Financial Position [Extensible Enumeration]	Prepaid expenses and other current assets	Prepaid expenses and other current assets
Other current assets | Foreign Exchange Contract | Designated as Hedging Instrument
Derivatives, Fair Value [Line Items]
Derivative assets	$ 42	$ 7
Other current assets | Foreign Exchange Contract | Not Designated as Hedging Instrument
Derivatives, Fair Value [Line Items]
Derivative assets	$ 20	$ 57
Other assets (non-current)
Derivatives, Fair Value [Line Items]
Derivative Asset, Statement of Financial Position [Extensible Enumeration]	Other assets	Other assets
Other assets (non-current) | Foreign Exchange Contract | Designated as Hedging Instrument
Derivatives, Fair Value [Line Items]
Derivative assets	$ 152	$ 77
Other current liabilities
Derivatives, Fair Value [Line Items]
Derivative Liability, Statement of Financial Position [Extensible Enumeration]	Accrued expenses and other current liabilities	Accrued expenses and other current liabilities
Other current liabilities | Foreign Exchange Contract | Designated as Hedging Instrument
Derivatives, Fair Value [Line Items]
Derivative liabilities	$ 111	$ 64
Other current liabilities | Foreign Exchange Contract | Not Designated as Hedging Instrument
Derivatives, Fair Value [Line Items]
Derivative liabilities	$ 50	$ 67

DERIVATIVE INSTRUMENTS - Sche_2

DERIVATIVE INSTRUMENTS - Schedule of Collateral Posted and Received (Details) - USD ($) $ in Millions	Sep. 30, 2024	Dec. 31, 2023
Derivative Instruments and Hedging Activities Disclosure [Abstract]
Cash collateral posted	$ 138	$ 80
Cash collateral received	5	6
Non-cash collateral received	$ 109	$ 0

DERIVATIVE INSTRUMENTS - Sche_3

DERIVATIVE INSTRUMENTS - Schedule of Location in the Condensed Consolidated Statements of Income and Amount of Recognized Gains or Losses Related to Derivative Instruments (Details) - USD ($) $ in Millions	3 Months Ended		9 Months Ended
	Sep. 30, 2024	Sep. 30, 2023	Sep. 30, 2024	Sep. 30, 2023
Derivative Instruments, Gain (Loss) [Line Items]
Net revenues	$ 7,847	$ 7,418	$ 23,431	$ 21,745
Other income (expense), net	$ (80)	$ 73	$ 35	$ 318
Net revenues
Derivative Instruments, Gain (Loss) [Line Items]
Derivative, Gain (Loss), Statement of Income or Comprehensive Income [Extensible Enumeration]	Net revenues	Net revenues	Net revenues	Net revenues
Total net gains (losses)	$ (12)	$ 7	$ 10	$ 117
Net revenues | Foreign Exchange Contract | Designated as Hedging Instrument
Derivative Instruments, Gain (Loss) [Line Items]
Amount of net gains (losses) on foreign currency exchange contracts reclassified from AOCI	(12)	7	10	117
Net revenues | Foreign Exchange Contract | Designated as Hedging Instrument | Net Investment Hedging
Derivative Instruments, Gain (Loss) [Line Items]
Amount of net gains (losses) on foreign exchange contracts excluded from the assessment of effectiveness	0	0	0	0
Net revenues | Foreign Exchange Contract | Not Designated as Hedging Instrument
Derivative Instruments, Gain (Loss) [Line Items]
Total net gains (losses)	$ 0	$ 0	$ 0	$ 0
Other income (expense), net
Derivative Instruments, Gain (Loss) [Line Items]
Derivative, Gain (Loss), Statement of Income or Comprehensive Income [Extensible Enumeration]	Other income (expense), net	Other income (expense), net	Other income (expense), net	Other income (expense), net
Total net gains (losses)	$ (157)	$ 74	$ (111)	$ (23)
Other income (expense), net | Foreign Exchange Contract | Designated as Hedging Instrument
Derivative Instruments, Gain (Loss) [Line Items]
Amount of net gains (losses) on foreign currency exchange contracts reclassified from AOCI	0	0	0	0
Other income (expense), net | Foreign Exchange Contract | Designated as Hedging Instrument | Net Investment Hedging
Derivative Instruments, Gain (Loss) [Line Items]
Amount of net gains (losses) on foreign exchange contracts excluded from the assessment of effectiveness	20	20	61	79
Other income (expense), net | Foreign Exchange Contract | Not Designated as Hedging Instrument
Derivative Instruments, Gain (Loss) [Line Items]
Total net gains (losses)	$ (177)	$ 54	$ (172)	$ (102)

DERIVATIVE INSTRUMENTS - Sche_4

DERIVATIVE INSTRUMENTS - Schedule of Pre-tax Unrealized Gains or Losses Included in the Assessment of Hedge Effectiveness Related To Derivative Instruments Designated as Hedging Instruments That Are Recognized in Other Comprehensive Income (Loss) (Details) - USD ($) $ in Millions	3 Months Ended						9 Months Ended
	Sep. 30, 2024	Jun. 30, 2024	Mar. 31, 2024	Sep. 30, 2023	Jun. 30, 2023	Mar. 31, 2023	Sep. 30, 2024	Sep. 30, 2023
Derivative Instruments, Gain (Loss) [Line Items]
Unrealized net gains (losses) on foreign exchange contracts designated as net investment hedges	$ (149)	$ 100	$ 99	$ 35	$ 169	$ 27	$ 50	$ 231
Foreign Exchange Contract
Derivative Instruments, Gain (Loss) [Line Items]
Unrealized net gains (losses) on foreign exchange contracts designated as cash flow hedges	(160)			116			(39)	92
Unrealized net gains (losses) on foreign exchange contracts designated as net investment hedges	(149)			35			50	231
Total unrealized net gains (losses) recognized from derivative contracts designated as hedging instruments in the condensed consolidated statements of comprehensive income (loss)	$ (309)			$ 151			$ 11	$ 323

DERIVATIVE INSTRUMENTS - Sche_5

DERIVATIVE INSTRUMENTS - Schedule of Notional Amounts of Outstanding Derivatives (Details) - USD ($) $ in Millions	Sep. 30, 2024	Dec. 31, 2023
Derivatives, Fair Value [Line Items]
Notional amounts	$ 18,675	$ 20,792
Foreign Exchange Contract | Designated as Hedging Instrument
Derivatives, Fair Value [Line Items]
Notional amounts	6,921	6,767
Foreign Exchange Contract | Not Designated as Hedging Instrument
Derivatives, Fair Value [Line Items]
Notional amounts	$ 11,754	$ 14,025

LOANS AND INTEREST RECEIVABLE -

LOANS AND INTEREST RECEIVABLE - Loans and Interest Receivable, Held For Sale (Details) $ in Millions, € in Billions	1 Months Ended	9 Months Ended
	Jun. 30, 2023 EUR (€)	Sep. 30, 2024 USD ($)	Sep. 30, 2023 USD ($)	Dec. 31, 2023 USD ($)
Financing Receivable, Allowance for Credit Loss [Line Items]
Loans and interest receivable, held for sale		$ 471		$ 563
Consumer Receivables
Financing Receivable, Allowance for Credit Loss [Line Items]
Loans reclassified to loans and interest receivable, held for sale			$ 1,200
Financing receivable, sale		$ 14,700
Maximum | Consumer Receivables
Financing Receivable, Allowance for Credit Loss [Line Items]
Loans reclassified to loans and interest receivable, held for sale | €	€ 40

LOANS AND INTEREST RECEIVABLE_2

LOANS AND INTEREST RECEIVABLE - Consumer Receivable (Details) - Consumer Receivables - USD ($) $ in Millions	9 Months Ended
	Sep. 30, 2024	Sep. 30, 2023	Dec. 31, 2023
Accounts, Notes, Loans and Financing Receivable [Line Items]
Consumer receivables purchased	$ 390	$ 643
Loans and interest receivable	5,113		$ 4,780
Participation interest sold, value	$ 16		$ 14
Threshold period, write-off of receivables	180 days
Threshold period, write-off of bankrupt accounts	60 days
U.S. Consumer Interest Bearing
Accounts, Notes, Loans and Financing Receivable [Line Items]
Threshold period, write-off of receivables	120 days

LOANS AND INTEREST RECEIVABLE_3

LOANS AND INTEREST RECEIVABLE - Schedule of Delinquency Status of Consumer Loans and Interest Receivable by Year of Origination (Details) - Consumer Receivables - USD ($) $ in Millions	9 Months Ended		12 Months Ended
	Sep. 30, 2024	Sep. 30, 2023	Dec. 31, 2023
Financing Receivable, before Allowance for Credit Loss, by Origination Year [Abstract]
Revolving Loans Amortized Cost Basis	$ 2,533		$ 2,313
Loans, advances, and interest and fees receivable, originated current fiscal year	1,986		2,160
Loans, advances, and interest and fees receivable, originated fiscal year before current fiscal year	509		305
Loans, advances, and interest and fees receivable, originated two years before current fiscal year	85		2
Loans, advances, and interest and fees receivable, originated three years before current fiscal year	0		0
Loans, advances, and interest and fees receivable, originated four years before current fiscal year	0		0
Total	$ 5,113		$ 4,780
Percent	100%		100%
Financing Receivable, Allowance For Credit Loss, Write Off, By Origination Year [Abstract]
Gross charge-offs, Revolving Loans Amortized Cost Basis	$ 104		$ 125
Gross charge-offs, originated current fiscal year	11		101
Gross charge-offs, originated fiscal year before current fiscal year	119		140
Gross charge-offs, originated two years before current fiscal year	13		5
Gross charge-offs, originated three years before current fiscal year	1		0
Gross charge-offs, originated four years before current fiscal year	0		0
Total Gross charge-offs	248	$ 272	371
Current
Financing Receivable, before Allowance for Credit Loss, by Origination Year [Abstract]
Revolving Loans Amortized Cost Basis	2,447		2,225
Loans, advances, and interest and fees receivable, originated current fiscal year	1,895		2,045
Loans, advances, and interest and fees receivable, originated fiscal year before current fiscal year	480		289
Loans, advances, and interest and fees receivable, originated two years before current fiscal year	79		0
Loans, advances, and interest and fees receivable, originated three years before current fiscal year	0		0
Loans, advances, and interest and fees receivable, originated four years before current fiscal year	0		0
Total	$ 4,901		$ 4,559
Percent	95.90%		95.40%
30 - 59 Days
Financing Receivable, before Allowance for Credit Loss, by Origination Year [Abstract]
Revolving Loans Amortized Cost Basis	$ 27		$ 27
Loans, advances, and interest and fees receivable, originated current fiscal year	41		34
Loans, advances, and interest and fees receivable, originated fiscal year before current fiscal year	13		4
Loans, advances, and interest and fees receivable, originated two years before current fiscal year	2		1
Loans, advances, and interest and fees receivable, originated three years before current fiscal year	0		0
Loans, advances, and interest and fees receivable, originated four years before current fiscal year	0		0
Total	$ 83		$ 66
Percent	1.60%		1.40%
60 - 89 Days
Financing Receivable, before Allowance for Credit Loss, by Origination Year [Abstract]
Revolving Loans Amortized Cost Basis	$ 18		$ 20
Loans, advances, and interest and fees receivable, originated current fiscal year	17		26
Loans, advances, and interest and fees receivable, originated fiscal year before current fiscal year	6		4
Loans, advances, and interest and fees receivable, originated two years before current fiscal year	1		0
Loans, advances, and interest and fees receivable, originated three years before current fiscal year	0		0
Loans, advances, and interest and fees receivable, originated four years before current fiscal year	0		0
Total	$ 42		$ 50
Percent	0.80%		1%
90 - 179 Days
Financing Receivable, before Allowance for Credit Loss, by Origination Year [Abstract]
Revolving Loans Amortized Cost Basis	$ 41		$ 41
Loans, advances, and interest and fees receivable, originated current fiscal year	33		55
Loans, advances, and interest and fees receivable, originated fiscal year before current fiscal year	10		8
Loans, advances, and interest and fees receivable, originated two years before current fiscal year	3		1
Loans, advances, and interest and fees receivable, originated three years before current fiscal year	0		0
Loans, advances, and interest and fees receivable, originated four years before current fiscal year	0		0
Total	$ 87		$ 105
Percent	1.70%		2.20%

LOANS AND INTEREST RECEIVABLE_4

LOANS AND INTEREST RECEIVABLE - Schedule of Allowance for Consumer Loans and Interest Receivable (Details) - Consumer Loans Receivable - USD ($) $ in Millions	9 Months Ended		12 Months Ended
	Sep. 30, 2024	Sep. 30, 2023	Dec. 31, 2023
Allowance for loans and interest receivable
Beginning balance	$ 380	$ 347	$ 347
Changes in allowance due to reclassification of loans and interest receivable to or from held for sale	0	(33)
Provisions	180	291
Charge-offs	(248)	(272)	(371)
Recoveries	35	29
Other	10	(5)
Ending balance	357	357	380
Consumer Loans Receivable
Allowance for loans and interest receivable
Beginning balance	357	322	322
Changes in allowance due to reclassification of loans and interest receivable to or from held for sale	0	(33)
Provisions	175	271
Charge-offs	(230)	(250)
Recoveries	35	29
Other	9	(5)
Ending balance	346	334	357
Interest Receivable
Allowance for loans and interest receivable
Beginning balance	23	25	25
Changes in allowance due to reclassification of loans and interest receivable to or from held for sale	0	0
Provisions	5	20
Charge-offs	(18)	(22)
Recoveries	0	0
Other	1	0
Ending balance	$ 11	$ 23	$ 23

LOANS AND INTEREST RECEIVABLE_5

LOANS AND INTEREST RECEIVABLE - Merchant Receivables (Details) - Merchant Receivables - USD ($) $ in Millions	9 Months Ended
	Sep. 30, 2024	Sep. 30, 2023	Dec. 31, 2023
Accounts, Notes, Loans and Financing Receivable [Line Items]
Merchant receivables purchased	$ 1,200	$ 1,300
Loans and interest receivable	1,351		$ 1,193
Participation interest sold, value	$ 47		$ 44
Threshold period, write-off of bankrupt accounts	60 days
PayPal Working Capital Products
Accounts, Notes, Loans and Financing Receivable [Line Items]
Required percentage of original loan payments, repayment period	90 days
Period past expected period of repayment	180 days
Threshold period, write-off of receivables, nonpayment	60 days
Threshold period two, write-off of receivables	360 days
PayPal Working Capital Products | Minimum
Accounts, Notes, Loans and Financing Receivable [Line Items]
Required percentage of original loan payments every 90 days	10%
Expected period of repayment	9 months
PayPal Working Capital Products | Maximum
Accounts, Notes, Loans and Financing Receivable [Line Items]
Expected period of repayment	12 months
PayPal Business Loans
Accounts, Notes, Loans and Financing Receivable [Line Items]
Threshold period, write-off of receivables	180 days
PayPal Business Loans | Minimum
Accounts, Notes, Loans and Financing Receivable [Line Items]
Expected period of repayment	3 months
PayPal Business Loans | Maximum
Accounts, Notes, Loans and Financing Receivable [Line Items]
Expected period of repayment	12 months

LOANS AND INTEREST RECEIVABLE_6

LOANS AND INTEREST RECEIVABLE - Schedule of Delinquency Status of Merchant Loans, Advances, and Interest and Fees Receivable by Year of Origination (Details) - Merchant Receivables - USD ($) $ in Millions	9 Months Ended		12 Months Ended
	Sep. 30, 2024	Sep. 30, 2023	Dec. 31, 2023
Financing Receivable, before Allowance for Credit Loss, by Origination Year [Abstract]
Loans, advances, and interest and fees receivable, originated current fiscal year	$ 1,184		$ 1,007
Loans, advances, and interest and fees receivable, originated fiscal year before current fiscal year	111		134
Loans, advances, and interest and fees receivable, originated two years before current fiscal year	35		8
Loans, advances, and interest and fees receivable, originated three years before current fiscal year	2		26
Loans, advances, and interest and fees receivable, originated four years before current fiscal year	12		18
Loans, advances, and interest and fees receivable, originated five years before current fiscal year	7
Total	$ 1,351		$ 1,193
Percent	100%		100%
Financing Receivable, Allowance For Credit Loss, Write Off, By Origination Year [Abstract]
Gross charge-offs, originated current fiscal year	$ 4		$ 38
Gross charge-offs, originated fiscal year before current fiscal year	78		228
Gross charge-offs, originated two years before current fiscal year	37		14
Gross charge-offs, originated three years before current fiscal year	2		16
Gross charge-offs, originated four years before current fiscal year	5		4
Gross charge-offs, originated five years before current fiscal year	1
Total	127	$ 228	300
Current
Financing Receivable, before Allowance for Credit Loss, by Origination Year [Abstract]
Loans, advances, and interest and fees receivable, originated current fiscal year	1,130		925
Loans, advances, and interest and fees receivable, originated fiscal year before current fiscal year	66		74
Loans, advances, and interest and fees receivable, originated two years before current fiscal year	18		3
Loans, advances, and interest and fees receivable, originated three years before current fiscal year	1		22
Loans, advances, and interest and fees receivable, originated four years before current fiscal year	11		14
Loans, advances, and interest and fees receivable, originated five years before current fiscal year	7
Total	$ 1,233		$ 1,038
Percent	91.30%		87%
30 - 59 Days
Financing Receivable, before Allowance for Credit Loss, by Origination Year [Abstract]
Loans, advances, and interest and fees receivable, originated current fiscal year	$ 32		$ 37
Loans, advances, and interest and fees receivable, originated fiscal year before current fiscal year	17		16
Loans, advances, and interest and fees receivable, originated two years before current fiscal year	5		2
Loans, advances, and interest and fees receivable, originated three years before current fiscal year	1		2
Loans, advances, and interest and fees receivable, originated four years before current fiscal year	0		1
Loans, advances, and interest and fees receivable, originated five years before current fiscal year	0
Total	$ 55		$ 58
Percent	4.10%		4.90%
60 - 89 Days
Financing Receivable, before Allowance for Credit Loss, by Origination Year [Abstract]
Loans, advances, and interest and fees receivable, originated current fiscal year	$ 11		$ 16
Loans, advances, and interest and fees receivable, originated fiscal year before current fiscal year	9		12
Loans, advances, and interest and fees receivable, originated two years before current fiscal year	5		1
Loans, advances, and interest and fees receivable, originated three years before current fiscal year	0		1
Loans, advances, and interest and fees receivable, originated four years before current fiscal year	0		1
Loans, advances, and interest and fees receivable, originated five years before current fiscal year	0
Total	$ 25		$ 31
Percent	1.80%		2.50%
90 - 179 Days
Financing Receivable, before Allowance for Credit Loss, by Origination Year [Abstract]
Loans, advances, and interest and fees receivable, originated current fiscal year	$ 11		$ 27
Loans, advances, and interest and fees receivable, originated fiscal year before current fiscal year	15		28
Loans, advances, and interest and fees receivable, originated two years before current fiscal year	5		1
Loans, advances, and interest and fees receivable, originated three years before current fiscal year	0		1
Loans, advances, and interest and fees receivable, originated four years before current fiscal year	1		1
Loans, advances, and interest and fees receivable, originated five years before current fiscal year	0
Total	$ 32		$ 58
Percent	2.40%		4.90%
180+ Days
Financing Receivable, before Allowance for Credit Loss, by Origination Year [Abstract]
Loans, advances, and interest and fees receivable, originated current fiscal year	$ 0		$ 2
Loans, advances, and interest and fees receivable, originated fiscal year before current fiscal year	4		4
Loans, advances, and interest and fees receivable, originated two years before current fiscal year	2		1
Loans, advances, and interest and fees receivable, originated three years before current fiscal year	0		0
Loans, advances, and interest and fees receivable, originated four years before current fiscal year	0		1
Loans, advances, and interest and fees receivable, originated five years before current fiscal year	0
Total	$ 6		$ 8
Percent	0.40%		0.70%

LOANS AND INTEREST RECEIVABLE_7

LOANS AND INTEREST RECEIVABLE - Schedule of Allowance for Merchant Loans, Advances, and Interest and Fees Receivable (Details) - Merchant Receivables - USD ($) $ in Millions	9 Months Ended		12 Months Ended
	Sep. 30, 2024	Sep. 30, 2023	Dec. 31, 2023
Allowance for loans and interest receivable
Beginning balance	$ 160	$ 248	$ 248
Provisions	50	159
Charge-offs	(127)	(228)	(300)
Recoveries	21	19
Ending balance	104	198	160
Merchant Loans and Advances
Allowance for loans and interest receivable
Beginning balance	148	230	230
Provisions	50	135
Charge-offs	(120)	(204)
Recoveries	21	19
Ending balance	99	180	148
Interest and Fees Receivable
Allowance for loans and interest receivable
Beginning balance	12	18	18
Provisions	0	24
Charge-offs	(7)	(24)
Recoveries	0	0
Ending balance	$ 5	$ 18	$ 12

DEBT - Fixed Rate Notes (Detail

DEBT - Fixed Rate Notes (Details)	1 Months Ended					3 Months Ended		9 Months Ended
	May 31, 2024 USD ($)	Jun. 30, 2023 JPY (¥)	May 31, 2022 USD ($)	May 31, 2020 USD ($)	Sep. 30, 2019 USD ($)	Sep. 30, 2024 USD ($)	Sep. 30, 2023 USD ($)	Sep. 30, 2024 USD ($)	Sep. 30, 2023 USD ($)	Dec. 31, 2023 USD ($)
Debt Instrument [Line Items]
Outstanding aggregate principal amount						$ 11,883,000,000		$ 11,883,000,000
Senior Notes
Debt Instrument [Line Items]
Outstanding aggregate principal amount						11,883,000,000		11,883,000,000		$ 10,638,000,000
Interest expense and fees						100,000,000	$ 84,000,000	274,000,000	$ 250,000,000
Fixed-Rate Notes Issued May 2024 | Senior Notes
Debt Instrument [Line Items]
Face amount	$ 1,300,000,000
Redemption price (in percent)	101%
Fixed-Rate Notes Issued June 2023 | Senior Notes
Debt Instrument [Line Items]
Face amount		¥ 90,000,000,000				$ 633,000,000		$ 633,000,000
Redemption price (in percent)		101%
Fixed-Rate Notes Issued May 2022 | Senior Notes
Debt Instrument [Line Items]
Face amount			$ 3,000,000,000
Redemption price (in percent)			101%
Fixed-rate Notes Issued May 2020 | Senior Notes
Debt Instrument [Line Items]
Face amount				$ 4,000,000,000
Redemption price (in percent)				101%
Fixed-rate Notes Issued September 2019 | Senior Notes
Debt Instrument [Line Items]
Face amount					$ 5,000,000,000
Redemption price (in percent)					101%

DEBT - Schedule of Outstanding

DEBT - Schedule of Outstanding Aggregate Principal Amount Related to the Notes (Details) $ in Millions	Sep. 30, 2024 USD ($)	Sep. 30, 2024 JPY (¥)	Dec. 31, 2023 USD ($)
Debt Instrument [Line Items]
Outstanding aggregate principal amount	$ 11,883
Total carrying amount of term debt	9,976		$ 9,676
Senior Notes
Debt Instrument [Line Items]
Outstanding aggregate principal amount	11,883		10,638
Unamortized premium (discount) and issuance costs, net	(80)		(68)
Less: current portion of term debt	(2,460)		(1,249)
Total carrying amount of term debt	$ 9,343		9,321
Senior Notes | Fixed-rate 2.400% notes
Debt Instrument [Line Items]
Interest rate	2.40%	2.40%
Effective Interest Rate	2.52%	2.52%
Outstanding aggregate principal amount	$ 1,250		1,250
Senior Notes | Fixed-rate 2.650% notes
Debt Instrument [Line Items]
Interest rate	2.65%	2.65%
Effective Interest Rate	2.78%	2.78%
Outstanding aggregate principal amount	$ 1,250		1,250
Senior Notes | Fixed-rate 2.850% notes
Debt Instrument [Line Items]
Interest rate	2.85%	2.85%
Effective Interest Rate	2.96%	2.96%
Outstanding aggregate principal amount	$ 1,500		1,500
Senior Notes | Fixed-rate 1.650% notes
Debt Instrument [Line Items]
Interest rate	1.65%	1.65%
Effective Interest Rate	1.78%	1.78%
Outstanding aggregate principal amount	$ 1,000		1,000
Senior Notes | Fixed-rate 2.300% notes
Debt Instrument [Line Items]
Interest rate	2.30%	2.30%
Effective Interest Rate	2.39%	2.39%
Outstanding aggregate principal amount	$ 1,000		1,000
Senior Notes | Fixed-rate 3.250% notes
Debt Instrument [Line Items]
Interest rate	3.25%	3.25%
Effective Interest Rate	3.33%	3.33%
Outstanding aggregate principal amount	$ 1,000		1,000
Senior Notes | Fixed-rate 3.900% notes
Debt Instrument [Line Items]
Interest rate	3.90%	3.90%
Effective Interest Rate	4.06%	4.06%
Outstanding aggregate principal amount	$ 500		500
Senior Notes | Fixed-rate 4.400% notes
Debt Instrument [Line Items]
Interest rate	4.40%	4.40%
Effective Interest Rate	4.53%	4.53%
Outstanding aggregate principal amount	$ 1,000		1,000
Senior Notes | Fixed-rate 5.050% notes
Debt Instrument [Line Items]
Interest rate	5.05%	5.05%
Effective Interest Rate	5.14%	5.14%
Outstanding aggregate principal amount	$ 1,000		1,000
Senior Notes | Fixed-rate 5.250% notes
Debt Instrument [Line Items]
Interest rate	5.25%	5.25%
Effective Interest Rate	5.34%	5.34%
Outstanding aggregate principal amount	$ 500		500
Senior Notes | ¥30 billion fixed-rate 0.813% notes
Debt Instrument [Line Items]
Face amount | ¥		¥ 30,000,000,000
Interest rate	0.813%	0.813%
Effective Interest Rate	0.89%	0.89%
Outstanding aggregate principal amount	$ 211		213
Senior Notes | ¥23 billion fixed-rate 0.972% notes
Debt Instrument [Line Items]
Face amount | ¥		¥ 23,000,000,000
Interest rate	0.972%	0.972%
Effective Interest Rate	1.06%	1.06%
Outstanding aggregate principal amount	$ 162		163
Senior Notes | ¥37 billion fixed-rate 1.240% notes
Debt Instrument [Line Items]
Face amount | ¥		¥ 37,000,000,000
Interest rate	1.24%	1.24%
Effective Interest Rate	1.31%	1.31%
Outstanding aggregate principal amount	$ 260		262
Senior Notes | Fixed-rate 5.150% notes
Debt Instrument [Line Items]
Interest rate	5.15%	5.15%
Effective Interest Rate	5.35%	5.35%
Outstanding aggregate principal amount	$ 850		0
Senior Notes | Fixed-rate 5.500% notes
Debt Instrument [Line Items]
Interest rate	5.50%	5.50%
Effective Interest Rate	5.66%	5.66%
Outstanding aggregate principal amount	$ 400		$ 0

DEBT - Paidy Revolving Credit F

DEBT - Paidy Revolving Credit Facility (Details) - Revolving Credit Facility - Paidy Credit Agreement - Unsecured Debt	1 Months Ended
	Sep. 30, 2022 JPY (¥)	Feb. 28, 2022 JPY (¥)	Sep. 30, 2024 JPY (¥)	Sep. 30, 2024 USD ($)	Dec. 31, 2023 JPY (¥)	Dec. 31, 2023 USD ($)
Line of Credit Facility [Line Items]
Maximum borrowing capacity		¥ 60,000,000,000	¥ 90,000,000,000	$ 633,000,000
Increase to the borrowing capacity	¥ 30,000,000,000
Borrowings outstanding			90,000,000,000	633,000,000	¥ 50,000,000,000	$ 355,000,000
Remaining borrowing capacity			¥ 0	$ 0
Minimum
Line of Credit Facility [Line Items]
Basis spread on variable rate		0.40%
Maximum
Line of Credit Facility [Line Items]
Basis spread on variable rate		0.60%

DEBT - Other Available Faciliti

DEBT - Other Available Facilities (Details) - Bank Overdrafts - USD ($) $ in Millions	9 Months Ended
	Sep. 30, 2024	Dec. 31, 2023
Line of Credit Facility [Line Items]
Borrowings outstanding	$ 0	$ 359
Weighted average interest rate		7.92%
Repayments of short-term debt	$ 400

DEBT - Schedule of Future Princ

DEBT - Schedule of Future Principal Payments (Details) $ in Millions	Sep. 30, 2024 USD ($)
Future Principal Payments
Remaining 2024	$ 1,250
2025	1,211
2026	1,412
2027	500
2028	260
Thereafter	7,250
Total	$ 11,883

COMMITMENTS AND CONTINGENCIES -

COMMITMENTS AND CONTINGENCIES - Additional Information (Details) $ in Millions	Sep. 30, 2024 USD ($)	Dec. 31, 2023 USD ($)	Apr. 04, 2023 action	Mar. 13, 2023 action	Dec. 20, 2022 action	Nov. 02, 2022 action
Other Commitments [Line Items]
Allowance for transaction losses | $	$ 89	$ 64
Allowance for negative customer balances | $	217	$ 218
Consumer Receivables
Other Commitments [Line Items]
Financing receivable, sold, indemnification amount | $	$ 2,700
Pending Litigation | In re PayPal Holdings, Inc. Securities Litigation
Other Commitments [Line Items]
Number of pending claims				1
Pending Litigation | Shah v. Daniel Schulman, et al.
Other Commitments [Line Items]
Number of pending claims						1
Pending Litigation | Nelson v. Daniel Schulman, et al.
Other Commitments [Line Items]
Number of pending claims			1
Pending Litigation | State of Hawai‘i, v. PayPal, Inc.
Other Commitments [Line Items]
Number of pending claims					1

COMMITMENTS AND CONTINGENCIES_2

COMMITMENTS AND CONTINGENCIES - Schedule of Allowance for Transaction Losses and Negative Customer Balances (Details) - Protection Programs - USD ($) $ in Millions	3 Months Ended		9 Months Ended
	Sep. 30, 2024	Sep. 30, 2023	Sep. 30, 2024	Sep. 30, 2023
Loss Contingency Accrual
Beginning balance	$ 270	$ 346	$ 282	$ 278
Provision	264	329	783	915
Realized losses	(281)	(417)	(876)	(970)
Recoveries	53	39	117	74
Ending balance	$ 306	$ 297	$ 306	$ 297

STOCK REPURCHASE PROGRAMS (Deta

STOCK REPURCHASE PROGRAMS (Details) - USD ($) $ / shares in Units, shares in Millions, $ in Millions	9 Months Ended
	Sep. 30, 2024	Sep. 30, 2023
Equity, Class of Treasury Stock [Line Items]
Cash paid for shares repurchased	$ 4,778	$ 4,395
Inflation Reduction Act, excise tax	$ 40
June 2022 Stock Repurchase Program
Equity, Class of Treasury Stock [Line Items]
Repurchases of shares of common stock, shares repurchased (in shares)	77
Cash paid for shares repurchased	$ 4,800
Average cost per share, excluding excise tax (in dollars per share)	$ 62.29
Remaining amount authorized for future repurchase of common stock	$ 6,100

STOCK-BASED PLANS - Additional

STOCK-BASED PLANS - Additional Information (Details) shares in Millions	1 Months Ended
	May 31, 2024 shares
Equity Incentive Award Plan 2015
Share-based Payment Arrangement, Expensed and Capitalized, Amount [Line Items]
Additional shares authorized (in shares)	20

STOCK-BASED PLANS - Schedule of

STOCK-BASED PLANS - Schedule of Stock-Based Compensation Expense (Details) - USD ($) $ in Millions	3 Months Ended		9 Months Ended
	Sep. 30, 2024	Sep. 30, 2023	Sep. 30, 2024	Sep. 30, 2023
Share-based Payment Arrangement, Expensed and Capitalized, Amount [Line Items]
Total stock-based compensation expense	$ 300	$ 394	$ 992	$ 1,127
Capitalized as part of internal use software and website development costs	32	14	77	38
Customer support and operations
Share-based Payment Arrangement, Expensed and Capitalized, Amount [Line Items]
Total stock-based compensation expense	50	79	173	227
Sales and marketing
Share-based Payment Arrangement, Expensed and Capitalized, Amount [Line Items]
Total stock-based compensation expense	30	44	108	132
Technology and development
Share-based Payment Arrangement, Expensed and Capitalized, Amount [Line Items]
Total stock-based compensation expense	111	156	366	453
General and administrative
Share-based Payment Arrangement, Expensed and Capitalized, Amount [Line Items]
Total stock-based compensation expense	81	115	257	315
Restructuring and other
Share-based Payment Arrangement, Expensed and Capitalized, Amount [Line Items]
Total stock-based compensation expense	$ 28	$ 0	$ 88	$ 0

INCOME TAXES (Details)

INCOME TAXES (Details) - USD ($) $ in Billions	3 Months Ended		9 Months Ended
	Sep. 30, 2024	Sep. 30, 2023	Sep. 30, 2024	Sep. 30, 2023	Dec. 31, 2023
Income Tax Disclosure [Abstract]
Effective income tax rate, percentage	23%	18%	23%	21%
Unrecognized tax benefits	$ 2.3		$ 2.3		$ 2.2

RESTRUCTURING AND OTHER - Addit

RESTRUCTURING AND OTHER - Additional Information (Details) - USD ($) $ in Millions	3 Months Ended		9 Months Ended
	Sep. 30, 2024	Sep. 30, 2023	Sep. 30, 2024	Sep. 30, 2023
Restructuring Cost and Reserve [Line Items]
Restructuring expenses	$ 36	$ 3	$ 294	$ 120
Asset impairment charges	0	18	0	61
Loss on designation as held for sale				12
Loss on sale of loans, held for sale	$ 28	$ 15	$ 92	49
Owned Property
Restructuring Cost and Reserve [Line Items]
Gain (loss) on sale of properties				$ 17

RESTRUCTURING AND OTHER - Sched

RESTRUCTURING AND OTHER - Schedule of Restructuring Reserve Activity (Details) - USD ($) $ in Millions	3 Months Ended		9 Months Ended
	Sep. 30, 2024	Sep. 30, 2023	Sep. 30, 2024	Sep. 30, 2023
Employee Severance and Benefits Costs
Charges	$ 36	$ 3	$ 294	$ 120
Total stock-based compensation expense	300	394	992	1,127
Restructuring and other
Employee Severance and Benefits Costs
Total stock-based compensation expense	28	$ 0	88	$ 0
Employee Severance and Benefits Costs
Employee Severance and Benefits Costs
Accrued liability, beginning of period			0
Charges			206
Payments			(182)
Accrued liability, ending of period	$ 24		$ 24