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
Net revenues			23,846	22,869	21,454	20,299	19,218	18,262
Net revenues growth			24.1%	25.2%	20.7%	19.1%	17.6%	14.9%
Operating expenses:
Transaction expense			9,151	8,470	7,934	7,517	7,196	6,980
Transaction and credit losses			1,152	1,423	1,741	1,756	1,752	1,630
Customer support and operations			1,995	1,897	1,778	1,709	1,650	1,626
Sales and marketing			2,306	2,092	1,861	1,656	1,501	1,443
Technology and development			2,893	2,778	2,642	2,468	2,327	2,179
General and administrative			2,118	2,108	2,070	1,973	1,871	1,778
Restructuring and other charges			59	105			47
Total operating expenses			19,737	18,936	18,165	17,174	16,373	15,663
Operating income			4,109	3,933	3,289	3,125	2,845	2,599
Operating margin			17.2%	17.2%	15.3%	15.4%	14.8%	14.2%
Other income (expense), net			1,122	1,741	1,776	935	555	-55
Income before income taxes			5,231	5,674	5,065	4,060	3,400	2,544
Income tax expense (benefit)			362	459	863	918	817	668
Net income (loss)			4,869	5,215	4,202	3,142	2,583	1,876

Net income (loss) per share:
Basic (in dollars per share)			$4.15	$4.44	$3.57	$2.67	$2.19	$1.59
Diluted (in dollars per share)			$4.10	$4.39	$3.54	$2.65	$2.18	$1.58

Weighted average shares:
Basic (in shares)			1,173	1,173	1,173	1,173	1,174	1,174
Diluted (in shares)			1,188	1,188	1,187	1,187	1,186	1,187