In June 2025, our stockholders approved the authorization of an additional 15 million shares to the Amended and Restated PayPal Holdings, Inc. 2015 Equity Incentive Award Plan.

Stock-based compensation expense is measured based on the estimated fair value of shares at the time of grant and recognized over the award’s vesting period.

The following table summarizes the impact of stock-based compensation expense on our results of operations for the three and six months ended June 30, 2025 and 2024:


	Three Months Ended June 30,				Six Months Ended June 30,
	2025		2024		2025		2024
	(In millions)
Customer support and operations	$	53	$	55	$	104	$	123
Sales and marketing	34		38		67		78
Technology and development	136		108		247		255
General and administrative	83		89		155		176
Restructuring and other	—		22		—		60
Total stock-based compensation expense	$	306	$	312	$	573	$	692
Capitalized as part of internal use software and website development costs	$	33	$	33	$	68	$	45