Subtext

PayPal Holdings, Inc. PYPL

SectorFinancials
Transcripts37
Date range2016-04-27 – 2025-04-29
Calls charted37

Sentiment timeline

Net Loughran-McDonald sentiment per call (×1000), earliest → latest.

-27-14+0+14+272016 Q12017 Q22018 Q32019 Q42021 Q12022 Q22023 Q32024 Q42016 Q1 · Overall: +15.62016 Q2 · Overall: +14.92016 Q3 · Overall: +12.32016 Q4 · Overall: +10.92017 Q1 · Overall: +15.82017 Q2 · Overall: +13.82017 Q3 · Overall: +7.52017 Q4 · Overall: +8.92018 Q1 · Overall: +10.92018 Q2 · Overall: +11.52018 Q3 · Overall: +14.42018 Q4 · Overall: +11.52019 Q1 · Overall: +8.12019 Q2 · Overall: +9.92019 Q3 · Overall: +10.82019 Q4 · Overall: +13.92020 Q1 · Overall: +0.72020 Q2 · Overall: +9.72020 Q3 · Overall: +10.52020 Q4 · Overall: +9.32021 Q1 · Overall: +9.42021 Q2 · Overall: +9.12021 Q3 · Overall: +5.22021 Q4 · Overall: +8.12022 Q1 · Overall: +8.22022 Q2 · Overall: +16.62022 Q3 · Overall: +15.12022 Q4 · Overall: +11.52023 Q1 · Overall: +14.52023 Q2 · Overall: +14.42023 Q3 · Overall: +17.22023 Q4 · Overall: +20.02024 Q1 · Overall: +13.92024 Q2 · Overall: +23.82024 Q3 · Overall: +20.12024 Q4 · Overall: +18.12025 Q1 · Overall: +18.0
Overall

CEO vs CFO

Average sentiment of each executive's remarks per call. Divergence is a signal.

-41-21+0+21+412016 Q12017 Q22018 Q32019 Q42021 Q12022 Q22023 Q32024 Q42016 Q1 · CEO: +25.52016 Q2 · CEO: +22.32016 Q3 · CEO: +17.72016 Q4 · CEO: +19.22017 Q1 · CEO: +20.02017 Q2 · CEO: +18.42017 Q3 · CEO: +12.22017 Q4 · CEO: +15.02018 Q1 · CEO: +20.32018 Q2 · CEO: +17.02018 Q3 · CEO: +17.62018 Q4 · CEO: +18.92019 Q1 · CEO: +13.12019 Q2 · CEO: +16.32019 Q3 · CEO: +17.72019 Q4 · CEO: +19.22020 Q1 · CEO: +4.82020 Q2 · CEO: +13.32020 Q3 · CEO: +14.22020 Q4 · CEO: +14.52021 Q1 · CEO: +14.52021 Q2 · CEO: +12.32021 Q3 · CEO: +8.92021 Q4 · CEO: +13.52022 Q1 · CEO: +16.92022 Q2 · CEO: +19.62022 Q3 · CEO: +18.52022 Q4 · CEO: +9.82023 Q1 · CEO: +18.32023 Q2 · CEO: +26.92023 Q3 · CEO: +26.12023 Q4 · CEO: +32.72024 Q1 · CEO: +36.12024 Q3 · CEO: +28.52016 Q1 · CFO: +5.32016 Q2 · CFO: +8.92016 Q3 · CFO: +10.92016 Q4 · CFO: +4.22017 Q1 · CFO: +16.72017 Q2 · CFO: +11.32017 Q3 · CFO: +6.12017 Q4 · CFO: +3.22018 Q1 · CFO: +2.02018 Q2 · CFO: +3.42018 Q3 · CFO: +13.72018 Q4 · CFO: +8.52019 Q1 · CFO: +3.92019 Q2 · CFO: +9.02019 Q3 · CFO: +9.52019 Q4 · CFO: +10.12020 Q1 · CFO: +5.22020 Q2 · CFO: +7.12020 Q3 · CFO: +9.42020 Q4 · CFO: +6.82021 Q1 · CFO: +6.52021 Q2 · CFO: +8.72021 Q3 · CFO: +5.32021 Q4 · CFO: +7.12022 Q1 · CFO: -13.12022 Q3 · CFO: +13.02022 Q4 · CFO: +16.42023 Q1 · CFO: +12.52023 Q2 · CFO: +5.42023 Q3 · CFO: +3.62023 Q4 · CFO: +7.62024 Q1 · CFO: +23.22024 Q2 · CFO: +27.12024 Q3 · CFO: +15.72024 Q4 · CFO: +20.72025 Q1 · CFO: +30.3
CEOCFO

Prepared remarks vs Q&A

Scripted tone vs unscripted answers. The gap is information.

-52-26+0+26+522016 Q12017 Q22018 Q32019 Q42021 Q12022 Q22023 Q32024 Q42016 Q1 · Prepared remarks: +23.22016 Q2 · Prepared remarks: +20.92016 Q3 · Prepared remarks: +18.02016 Q4 · Prepared remarks: +14.92017 Q1 · Prepared remarks: +22.62017 Q2 · Prepared remarks: +18.02017 Q3 · Prepared remarks: +12.52017 Q4 · Prepared remarks: +12.82018 Q1 · Prepared remarks: +12.72018 Q2 · Prepared remarks: +10.32018 Q3 · Prepared remarks: +15.92018 Q4 · Prepared remarks: +15.62019 Q1 · Prepared remarks: +6.52019 Q2 · Prepared remarks: +11.52019 Q3 · Prepared remarks: +15.32019 Q4 · Prepared remarks: +14.42020 Q1 · Prepared remarks: +4.32020 Q2 · Prepared remarks: +12.02020 Q3 · Prepared remarks: +11.92020 Q4 · Prepared remarks: +13.02021 Q1 · Prepared remarks: +13.02021 Q2 · Prepared remarks: +8.82021 Q3 · Prepared remarks: +6.32021 Q4 · Prepared remarks: +9.72022 Q1 · Prepared remarks: +18.02022 Q2 · Prepared remarks: +20.42022 Q3 · Prepared remarks: +19.02022 Q4 · Prepared remarks: +15.42023 Q1 · Prepared remarks: +21.22023 Q2 · Prepared remarks: +11.52023 Q3 · Prepared remarks: +17.72023 Q4 · Prepared remarks: +21.32024 Q1 · Prepared remarks: +45.22024 Q2 · Prepared remarks: +31.52024 Q3 · Prepared remarks: +23.22024 Q4 · Prepared remarks: +21.52025 Q1 · Prepared remarks: +23.62016 Q1 · Q&A responses: +12.52016 Q2 · Q&A responses: +11.32016 Q3 · Q&A responses: +10.82016 Q4 · Q&A responses: +10.42017 Q1 · Q&A responses: +13.92017 Q2 · Q&A responses: +14.72017 Q3 · Q&A responses: +6.92017 Q4 · Q&A responses: +8.32018 Q1 · Q&A responses: +11.22018 Q2 · Q&A responses: +14.42018 Q3 · Q&A responses: +16.12018 Q4 · Q&A responses: +10.52019 Q1 · Q&A responses: +12.32019 Q2 · Q&A responses: +12.72019 Q3 · Q&A responses: +11.32019 Q4 · Q&A responses: +15.62020 Q1 · Q&A responses: +0.42020 Q2 · Q&A responses: +9.02020 Q3 · Q&A responses: +11.12020 Q4 · Q&A responses: +7.92021 Q1 · Q&A responses: +8.22021 Q2 · Q&A responses: +11.52021 Q3 · Q&A responses: +7.52021 Q4 · Q&A responses: +8.42022 Q1 · Q&A responses: +4.92022 Q2 · Q&A responses: +16.42022 Q3 · Q&A responses: +12.22022 Q4 · Q&A responses: +8.42023 Q1 · Q&A responses: +12.72023 Q2 · Q&A responses: +20.22023 Q3 · Q&A responses: +22.82023 Q4 · Q&A responses: +26.42024 Q1 · Q&A responses: +28.12024 Q2 · Q&A responses: +21.02024 Q3 · Q&A responses: +22.12024 Q4 · Q&A responses: +19.62025 Q1 · Q&A responses: +18.6
Prepared remarksQ&A responses

Tone vs forward expectations

Management tone next to Wall Street's forward-looking numbers (glopardo): the 12-month forward EPS estimate and the forward P/E per call.

Forward EPS estimate

$1.24$3.56$5.882016 Q12017 Q22018 Q32019 Q42021 Q12022 Q22023 Q32024 Q42016 Q1: $1.562016 Q2: $1.622016 Q3: $1.672016 Q4: $1.722017 Q1: $1.802017 Q2: $1.952017 Q3: $2.112017 Q4: $2.272018 Q1: $2.402018 Q2: $2.582018 Q3: $2.712018 Q4: $2.882019 Q1: $3.032019 Q2: $3.252019 Q3: $3.432019 Q4: $3.502020 Q1: $3.612020 Q2: $3.722020 Q3: $4.342020 Q4: $4.532021 Q1: $4.862021 Q2: $5.302021 Q3: $5.562021 Q4: $5.272022 Q1: $4.942022 Q2: $4.372022 Q3: $4.572022 Q4: $4.772023 Q1: $5.072023 Q2: $5.302023 Q3: $5.472023 Q4: $5.542024 Q1: $5.192024 Q2: $4.482024 Q3: $4.75

Forward P/E

7.8931.4755.052016 Q12017 Q22018 Q32019 Q42021 Q12022 Q22023 Q32024 Q42016 Q1: 25.582016 Q2: 22.672016 Q3: 23.932016 Q4: 22.992017 Q1: 23.552017 Q2: 26.622017 Q3: 29.442017 Q4: 32.642018 Q1: 34.682018 Q2: 33.112018 Q3: 32.902018 Q4: 29.182019 Q1: 32.782019 Q2: 35.992019 Q3: 30.812019 Q4: 30.812020 Q1: 25.342020 Q2: 44.042020 Q3: 41.642020 Q4: 50.822021 Q1: 51.802021 Q2: 50.672021 Q3: 50.822021 Q4: 36.182022 Q1: 21.842022 Q2: 17.372022 Q3: 21.382022 Q4: 15.232023 Q1: 14.592023 Q2: 12.002023 Q3: 11.492023 Q4: 11.142024 Q1: 12.032024 Q2: 13.202024 Q3: 15.41

Divergence watch ⚑

Quarters where tone and the forward EPS estimate moved opposite ways.

  • 2016 Q3 tone ↓ -2.7 fwd EPS ↑ +0.04 Tone cooled even as the forward EPS estimate rose.
  • 2017 Q3 tone ↓ -6.3 fwd EPS ↑ +0.16 Tone cooled even as the forward EPS estimate rose.
  • 2018 Q4 tone ↓ -2.9 fwd EPS ↑ +0.17 Tone cooled even as the forward EPS estimate rose.
  • 2019 Q1 tone ↓ -3.5 fwd EPS ↑ +0.15 Tone cooled even as the forward EPS estimate rose.
  • 2020 Q1 tone ↓ -13.2 fwd EPS ↑ +0.11 Tone cooled even as the forward EPS estimate rose.
  • 2021 Q3 tone ↓ -3.9 fwd EPS ↑ +0.25 Tone cooled even as the forward EPS estimate rose.
  • 2021 Q4 tone ↑ +2.9 fwd EPS ↓ -0.29 Tone rose while the forward EPS estimate was cut.
  • 2022 Q2 tone ↑ +8.4 fwd EPS ↓ -0.58 Tone rose while the forward EPS estimate was cut.
  • 2022 Q4 tone ↓ -3.5 fwd EPS ↑ +0.20 Tone cooled even as the forward EPS estimate rose.
  • 2024 Q2 tone ↑ +9.9 fwd EPS ↓ -0.71 Tone rose while the forward EPS estimate was cut.
  • 2024 Q3 tone ↓ -3.8 fwd EPS ↑ +0.26 Tone cooled even as the forward EPS estimate rose.

Recent transcripts

CallDateSentiment ×1000Fwd EPSFwd P/E
2025 Q12025-04-29+18.0——View →
2024 Q42025-02-04+18.1——View →
2024 Q32024-10-29+20.1$4.7515.4View →
2024 Q22024-07-30+23.8$4.4813.2View →
2024 Q12024-04-30+13.9$5.1912.0View →
2023 Q42024-02-07+20.0$5.5411.1View →
2023 Q32023-11-01+17.2$5.4711.5View →
2023 Q22023-08-02+14.4$5.3012.0View →