The provided text is an excerpt from PayPal Holdings, Inc.'s Quarterly Report on Form 10-Q for the period ended June 30, 2024, submitted to the United States Securities and Exchange Commission. This report primarily outlines PayPal's financial performance and condition during the second quarter of 2024, detailing key metrics such as net revenues, net income, and cash flows. The report also includes notes to the condensed consolidated financial statements, which provide additional information on significant accounting policies, revenue recognition, derivative instruments, and other aspects of the company's financial operations.