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PayPal Holdings, Inc. (PYPL) CEO Dan Schulman on Q1 2020 Results - Earnings Call Transcript

May 07, 2020 12:41 AM ETPayPal Holdings, Inc. (PYPL)
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PayPal Holdings, Inc. (NASDAQ:PYPL) Q1 2020 Earnings Conference Call May 6, 2020 5:00 PM ET

Company Participants

Gabrielle Rabinovitch - Investor Relations

Dan Schulman - President and Chief Executive Officer

John Rainey - Chief Financial Officer and Executive Vice President-Global Customer Operations

Conference Call Participants

Heath Terry - Goldman Sachs

Tien Tsin Huang - JPMorgan

Harshita Rawat - Bernstein

Bryan Keane - Deutsche Bank

Ashwin Shirvaikar - Citi

Jason Kupferberg - Bank of America Merrill Lynch

George Mihalos - Cowen & Co.

David Togut - Evercore ISI

Lisa Ellis - MoffettNathanson


Ladies and gentlemen, thank you for standing by. And welcome to PayPal’s First Quarter 2020 Earnings Conference Call. At this time, all participants are in a listen-only mode. After speaker the presentation, there will be a question-and-answer session. [Operator Instructions] Please be advised that today’s conference is being recorded.

I would now like to introduce your host for today’s call, Ms. Gabrielle Rabinovitch, Head of Investor Relations. Please go ahead.

Gabrielle Rabinovitch

Thank you, Shorie. Good afternoon and thank you for joining us. Welcome to PayPal Holdings earnings conference call for the first quarter of 2020. 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.

Due to the length of our prepared comments today, we plan to allow for additional time for questions. 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 the Investor Relations section of our website. We will discuss some non-GAAP measures in talking about our company's performance. You can find the reconciliation of these non-GAAP measures to the most directly comparable GAAP measures in the presentation accompanying this conference call. We will also discuss April 2020 results, which are

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