PayPal Holdings, Inc. (PYPL) CEO Daniel Schulman on Q2 2020 Results - Earnings Call Transcript

Jul. 29, 2020 11:34 PM ETPayPal Holdings, Inc. (PYPL)
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PayPal Holdings, Inc. (NASDAQ:PYPL) Q2 2020 Earnings Conference Call July 29, 2020 5:00 PM ET

Company Participants

Gabrielle Rabinovitch - VP, IR

Daniel Schulman - President, CEO & Director

John Rainey - CFO & EVP, Global Customer Operations

Conference Call Participants

Tien-Tsin Huang - JPMorgan Chase & Co.

Heath Terry - Goldman Sachs Group

Lisa Ellis - MoffettNathanson

Darrin Peller - Wolfe Research

Bob Napoli - William Blair & Company

David Togut - Evercore ISI

James Faucette - Morgan Stanley


Good afternoon. My name is Gabriel, and I will be your conference operator today. At this time, I'd like to welcome everyone to PayPal's Q2 2020 Earnings Call. [Operator Instructions]. Ms. Gabrielle Rabinovitch, please go ahead.

Gabrielle Rabinovitch

Thank you, Gabriel. Good afternoon, and thank you for joining us. Welcome to PayPal Holdings earnings conference call for the second 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.

Please note that we are taking this call from separate locations. We appreciate your patience as we adjust to these new logistics. 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.

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 third quarter and full year as well as the impact of our acquisitions. Our actual results may differ materially

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