PayPal Holdings, Inc. (PYPL) [Rocket]

In millions, except per share items	Jun-30-22	Mar-31-22	Jun-30-21	Mar-31-21	Dec-31-20	Sep-30-20	Jun-30-20	Mar-31-20
	10-Q	10-Q	10-Q	10-Q	10-K	10-Q	10-Q	10-Q
Revenues:
UNITED STATES	3,863	3,671	3,272	3,063	3,073	2,820	2,651	2,469
Other	2,943	2,812	2,966	2,970	3,043	2,639	2,610	2,149
Total revenues	6,806	6,483	6,238	6,033	6,116	5,459	5,261	4,618
Revenue growth [+]	9.1%	7.5%	18.6%	30.6%	23.3%	24.7%	22.2%	11.9%
UNITED STATES	18.1%	19.8%	23.4%	24.1%	17.9%	21.2%	15.4%	12.9%
Cost of goods sold	3,044	2,817	2,524	2,275	2,330	2,022	1,843	1,739
Gross profit	3,762	3,666	3,714	3,758	3,786	3,437	3,418	2,879
Gross margin	55.3%	56.5%	59.5%	62.3%	61.9%	63.0%	65.0%	62.3%
Selling, general and administrative [+]	1,109	1,201	1,150	1,126	1,174	974	926	857
Sales and marketing	595	594	628	602	605	471	414	371
General and administrative	514	607	522	524	569	503	512	486
Research and development	815	815	746	741	732	674	631	605
Other operating expenses	984	903	690	791	778	812	863	1,019
EBITDA [+]	1,187	1,075	1,444	1,400	1,403	1,275	1,295	691
EBITDA growth	-17.8%	-23.2%	11.5%	102.6%	27.9%	38.0%	38.8%	-7.6%
EBITDA margin	17.4%	16.6%	23.1%	23.2%	22.9%	23.4%	24.6%	15.0%
Depreciation	213	210	206	194	193	184	182	179
EBITA	974	865	1,238	1,206	1,210	1,091	1,113	512
EBITA margin	14.3%	13.3%	19.8%	20.0%	19.8%	20.0%	21.2%	11.1%
Amortization of intangibles	120	118	110	106	108	114	115	114
EBIT [+]	854	747	1,128	1,100	1,102	977	998	398
EBIT growth	-24.3%	-32.1%	13.0%	176.4%	26.7%	40.2%	41.6%	-23.2%
EBIT margin	12.5%	11.5%	18.1%	18.2%	18.0%	17.9%	19.0%	8.6%
Non-recurring items	90	36	1	58	139		47
Interest expense, net [+]	-27	-15	-13	-15	-16	-17	-22	-33
Interest expense	69	59	57	58	59	58	55	37
Interest income	27	15	13	15	16	17	22	33
Other income (expense), net	-283	82	445	-352	368	331	1,150	48
Pre-tax income	439	749	1,528	647	1,288	1,267	2,068	442
Income taxes	390	120	172	-225	292	123	269	179
Tax rate	88.8%	16.0%	11.3%		22.7%	9.7%	13.0%	40.5%
Net income	49	629	1,356	872	1,859	1,144	1,799	263
Net margin	0.7%	9.7%	21.7%	14.5%	30.4%	21.0%	34.2%	5.7%

Basic EPS [+]	$42.31	$0.54	$1.16	$0.74	$1.58	$0.98	$1.53	$0.22
Growth	3563.5%	-27.2%	-24.7%	231.6%	117.9%	137.0%	91.1%	-63.4%
Diluted EPS [+]	$42.31	$0.54	$1.14	$0.73	$1.57	$0.96	$1.52	$0.22
Growth	3600.9%	-26.8%	-24.8%	230.2%	117.9%	136.0%	91.3%	-63.2%

Shares outstanding (basic) [+]	1	1,163	1,174	1,173	1,173	1,172	1,173	1,173
Growth	-99.9%	-0.9%	0.1%	0.0%	-0.1%	-0.3%	-0.2%	0.2%
Shares outstanding (diluted) [+]	1	1,172	1,186	1,190	1,187	1,190	1,184	1,185
Growth	-99.9%	-1.5%	0.2%	0.4%	-0.1%	0.2%	-0.3%	-0.3%

EBIT is a non-GAAP figure that excludes all non-recurring expenses: restructuring costs, asset impairments, IPR&D writeoffs, and other unusual charges.