Gabrielle Rabinovitch | Head of Investor Relations |
Dan Schulman | President and Chief Executive Officer |
John Rainey | Chief Financial Officer |
Bill Ready | EVP, Chief Operating Officer |
James Fossett | Morgan Stanley |
George Mihalos | Cowen |
Heath Terry | Goldman Sachs |
Darrin Peller | Wolfe Research |
David Togut | Evercore ISI |
Tien-tsin | JPMorgan |
Good day, ladies and gentlemen and welcome to PayPal's Second Quarter 2018 Earnings Conference Call. At this time, all participants are in a listen-only mode. Later, we will conduct the question-and-answer session and instructions will follow at that time. [Operator Instructions] As a reminder, this conference call is being recorded. I would now like to introduce your host for today's call, Ms.