PayPal Holdings, Inc. (PYPL) CEO Daniel Schulman on Q1 2022 Results - Earnings Call Transcript

PayPal Holdings, Inc. (NASDAQ:PYPL) Q1 2022 Earnings Conference Call April 27, 2022 5:00 PM ET

Company Participants

Gabrielle Rabinovitch - SVP, Corporate Finance & IR

Daniel Schulman - President, CEO & Director

John Rainey - CFO & EVP, Global Customer Operations

Conference Call Participants

Lisa Ellis - MoffettNathanson

Tien-Tsin Huang - JPMorgan Chase & Co.

Darrin Peller - Wolfe Research

Jason Kupferberg - Bank of America Merrill Lynch

Michael Ng - Goldman Sachs Group

Bryan Keane - Deutsche Bank

David Togut - Evercore ISI

Ramsey El-Assal - Barclays Bank

Operator

Good morning, afternoon, evening. My name is Chris, and I will be your conference operator today. At this time, I would like to welcome everyone to the PayPal Holdings Earnings Conference Call for the First Quarter 2022. [Operator Instructions]. I would now like to introduce your host for today's call, Ms. Gabrielle Rabinovitch, Senior Vice President, Corporate Finance and Investor Relations. Please go ahead.

Gabrielle Rabinovitch

Thank you, Chris. Good afternoon, and thank you for joining us. Welcome to PayPal's earnings conference call for the first quarter of 2022. Joining me today on the call are Dan Schulman, our President and CEO; and John Rainey, our Chief Financial Officer and EVP, Global Customer Operations. We're providing a slide presentation to accompany our commentary. This conference call is also being webcast, and both the presentation and call are available on our Investor Relations website.

In discussing our company's performance, we will refer to some non-GAAP measures. You can find the reconciliation of these non-GAAP measures to the most directly comparable GAAP measures in the presentation accompanying this conference call.

Management will make forward-looking statements that are based on our current expectations, forecasts and assumptions and involve risks and uncertainties. These statements include our guidance for the second quarter and full year 2022 and our medium-term outlook. Our actual results may differ materially from these statements. You can find more information about risks, uncertainties and other factors that could affect our results in our most recent annual report on Form 10-K and quarterly report on Form 10-Q filed with the SEC and available on our Investor Relations website. You should not place undue reliance on any forward-looking statements. All information in this presentation is as of today's date, April 27, 2022. We expressly disclaim any obligation to update this information.