# PayPal Holdings, Inc. (PYPL) MD&A by fiscal year

Verbatim Item 7 Management's Discussion and Analysis sections from PayPal Holdings, Inc.'s 10-K filings, one page per fiscal year. Extracted from SEC filings with the same bounded parser for every year. Filer text, not grepcent analysis or investment advice.

- [FY 2025 MD&A](/company/PYPL/mda/fy2025/): filed 2026-02-03; accession 0001633917-26-000024 (https://www.sec.gov/Archives/edgar/data/1633917/000163391726000024/pypl-20251231.htm); latest 10-K
- [FY 2024 MD&A](/company/PYPL/mda/fy2024/): filed 2025-02-04; accession 0001633917-25-000019 (https://www.sec.gov/Archives/edgar/data/1633917/000163391725000019/pypl-20241231.htm)
- [FY 2023 MD&A](/company/PYPL/mda/fy2023/): filed 2024-02-08; accession 0001633917-24-000024 (https://www.sec.gov/Archives/edgar/data/1633917/000163391724000024/pypl-20231231.htm)
- [FY 2022 MD&A](/company/PYPL/mda/fy2022/): filed 2023-02-10; accession 0001633917-23-000033 (https://www.sec.gov/Archives/edgar/data/1633917/000163391723000033/pypl-20221231.htm)
- [FY 2021 MD&A](/company/PYPL/mda/fy2021/): filed 2022-02-03; accession 0001633917-22-000027 (https://www.sec.gov/Archives/edgar/data/1633917/000163391722000027/pypl-20211231.htm)

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