PayPal Holdings, Inc. PYPL

Industrials SIC 7389 - Services-Business Services, NEC NAICS Administrative and Support and Waste Management and Remediation Services › Administrative and Support Services derived Nasdaq

At PayPal Holdings, Inc., our mission is to revolutionize commerce globally. Our products are designed to enable digital payments and simplify commerce experiences for consumers and merchants to make selling, shopping, and sending and receiving money simple, personalized, and secure, whether online or in-person.

We operate a global, two-sided network at scale that connects consumers and merchants with 439 million active accounts across approximately 200 markets as of December 31, 2025.

•Consumers: We provide consumers with digital wallets and other solutions that allow them to shop and pay with PayPal and Venmo—both online and in-person—manage their finances (including saving and buying and selling cryptocurrencies), and send and receive money between friends and family. When shopping, we offer consumers flexibility in how they pay, which may include a bank account, a PayPal or Venmo account balance, PayPal-branded consumer credit and debit products, other credit and debit cards, certain cryptocurrencies, or other stored value products such as gift cards, and eligible rewards.

Last close 57.02 2026-10-23
Market cap $50.30B 2026-03-31 share count
52-week range 38.46 - 79.22

Valuation FY2025 figures against the last close

P/S1.5x
P/E10.5x
P/FCF9.0x
EV/EBITDA7.1x
Dividend yield0.3%
Diluted EPS5.41

Where the revenue comes from as reported in the latest 10-K

Revenue by geography

  • U.S.
  • Other Countries
Revenue by geography, 2 categories over 3 years. The same figures are in the table below. FY2025 U.S., FY2025: 18.9B (56.9%) 57% U.S. Other Countries, FY2025: 14.3B (43.1%) 43% Other Countries FY2024 U.S., FY2024: 18.3B (57.4%) 57% Other Countries, FY2024: 13.5B (42.6%) 43% FY2023 U.S., FY2023: 17.3B (58.0%) 58% Other Countries, FY2023: 12.5B (42.0%) 42%
Region FY2025FY2024FY2023
U.S. $18.87B $18.27B $17.25B
Other Countries $14.30B $13.53B $12.52B

As the company reported it, from the “REVENUE - Schedule of Disaggregation of Revenue (Details)” note of its latest 10-K. Every figure here has been checked against the total revenue the same filing reported. Regions are the filer's own and are not mapped onto a standard list — one company's “Americas” and another's “United States” are different areas, and making them look comparable would mean making at least one of them wrong. Slices under 1% are folded into “Other”.

Annual financial statements

Income statement

Fiscal year FY2025FY2024FY2023FY2022FY2021FY2020FY2019FY2018FY2017FY2016
Revenue $33.17B$31.80B$29.77B$27.52B$25.37B$21.45B$17.77B$15.45B$13.09B$10.84B
R&D ———————$1.07B$953.0M$834.0M
SG&A $1.98B$2.15B$2.06B$2.10B$2.11B$2.07B$1.71B$1.54B$1.26B$1.15B
Total operating expenses $27.11B$26.47B$24.74B$23.68B$21.11B$18.16B$15.05B$13.26B$10.97B$9.26B
Operating income $6.07B$5.33B$5.03B$3.84B$4.26B$3.29B$2.72B$2.19B$2.13B$1.59B
Interest expense $441.0M$382.0M$347.0M$304.0M$232.0M$209.0M$115.0M$77.0M$7.0M$3.0M
Pre-tax income $6.29B$5.33B$5.41B$3.37B$4.10B$5.07B$3.00B$2.38B$2.20B$1.63B
Income tax $1.06B$1.18B$1.17B$947.0M$70.0M$863.0M$539.0M$319.0M$405.0M$230.0M
Net income $5.23B$4.15B$4.25B$2.42B$4.17B$4.20B$2.46B$2.06B$1.79B$1.40B
EPS, basic 5.464.033.852.103.553.582.091.741.491.16
EPS, diluted 5.413.993.842.093.523.542.071.711.471.15
Shares, diluted (wtd. avg.) 968.0M1.04B1.11B1.16B1.19B1.19B1.19B1.20B1.22B1.22B

Balance sheet

Fiscal year FY2025FY2024FY2023FY2022FY2021FY2020FY2019FY2018FY2017FY2016
Cash and equivalents $8.05B$6.66B$9.08B$19.16B$18.03B$18.04B$15.74B$13.23B$8.29B$6.12B
Short-term investments $2.37B$4.26B$4.98B$3.09B$4.30B$8.29B$3.41B$1.53B$2.81B$3.38B
Receivables $840.0M$984.0M$1.07B$963.0M$800.0M$577.0M$435.0M$313.0M$283.0M$214.0M
Total current assets $59.76B$58.21B$62.57B$57.42B$52.57B$50.99B$38.49B$32.96B$32.65B$25.73B
Property, plant and equipment $1.70B$1.51B$1.49B$1.73B$1.91B$1.81B$1.69B$1.72B$1.53B$1.48B
Goodwill $10.86B$10.84B$11.03B$11.21B$11.45B$9.13B$6.21B$6.28B$4.0M$4.06B
Other intangibles $208.0M$326.0M$537.0M$788.0M$1.33B$1.05B$778.0M$825.0M$168.0M$211.0M
Total assets $80.17B$78.72B$82.17B$78.62B$75.80B$70.38B$51.33B$43.33B$40.77B$33.10B
Accounts payable $240.0M$227.0M$139.0M$126.0M$197.0M$252.0M$232.0M$281.0M$257.0M$192.0M
Short-term debt ——————$0$2.00B——
Total current liabilities $46.44B$45.49B$48.47B$45.01B$43.03B$38.45B$26.92B$25.90B$22.86B$16.88B
Long-term debt $9.99B$9.88B$9.68B$10.42B$8.05B$8.94B$4.96B$0——
Total liabilities $59.92B$58.31B$61.12B$58.35B$54.08B$50.32B$34.40B$27.95B$24.78B$18.39B
Retained earnings $32.47B$27.35B$23.20B$18.95B$16.54B$12.37B$8.34B$5.88B$3.82B$2.07B
Total equity $20.26B$20.42B$21.05B$20.27B$21.73B$20.06B$16.93B$15.39B$15.99B$14.71B

Cash flow

Fiscal year FY2025FY2024FY2023FY2022FY2021FY2020FY2019FY2018FY2017FY2016
Operating cash flow $6.42B$7.45B$4.84B$5.81B$5.80B$6.22B$4.07B$5.48B$2.53B$3.16B
Depreciation and amortisation $963.0M$1.03B$1.07B$1.32B$1.26B$1.19B$912.0M$776.0M$805.0M$724.0M
Stock-based compensation $1.00B$1.23B$1.48B$1.26B$1.38B$1.38B$1.02B$853.0M$733.0M$438.0M
Capital expenditure $852.0M$683.0M$623.0M$706.0M$908.0M$866.0M$704.0M$823.0M$667.0M$669.0M
Investing cash flow $797.0M$1.69B$752.0M-$3.33B-$5.15B-$16.55B-$5.74B$821.0M-$4.49B-$5.90B
Financing cash flow -$5.96B-$8.28B-$2.99B-$1.20B-$557.0M$12.45B$4.19B-$1.24B$4.08B$2.04B
Dividends paid $130.0M$0$0———————
Buybacks $6.05B$6.05B$5.00B$4.20B$3.37B$1.64B$1.41B$3.52B$1.01B$995.0M

Figures as tagged in each year's own filing, in US dollars. A year restated by a later filing shows the restated figure. Capital expenditure, dividends and buybacks are cash out, shown positive. A line the filer does not report is not listed. Latest from accession 0001193125-26-145721.

Plot the figures US dollars

Income statement Revenue Cost of revenue Gross profit R&D SG&A Total operating expenses Operating income Interest expense Pre-tax income Income tax Net income EPS, basic EPS, diluted Shares, diluted (wtd. avg.)
Balance sheet Cash and equivalents Short-term investments Receivables Inventory Total current assets Property, plant and equipment Goodwill Other intangibles Total assets Accounts payable Short-term debt Total current liabilities Long-term debt Total liabilities Retained earnings Total equity
Cash flow Operating cash flow Depreciation and amortisation Stock-based compensation Capital expenditure Investing cash flow Financing cash flow Dividends paid Buybacks
  • Revenue
  • Gross profit
  • Net income
Revenue, Gross profit, Net income by fiscal year, in US dollars The same figures are in the table below this chart. 0 10B 20B 30B 40B Revenue, FY2016: 10.8B Net income, FY2016: 1.4B Revenue, FY2017: 13.1B Net income, FY2017: 1.8B Revenue, FY2018: 15.5B Net income, FY2018: 2.1B Revenue, FY2019: 17.8B Net income, FY2019: 2.5B Revenue, FY2020: 21.5B Net income, FY2020: 4.2B Revenue, FY2021: 25.4B Net income, FY2021: 4.2B Revenue, FY2022: 27.5B Net income, FY2022: 2.4B Revenue, FY2023: 29.8B Net income, FY2023: 4.2B Revenue, FY2024: 31.8B Net income, FY2024: 4.1B Revenue, FY2025: 33.2B Net income, FY2025: 5.2B FY2016 FY2017 FY2018 FY2019 FY2020 FY2021 FY2022 FY2023 FY2024 FY2025
Fiscal year FY2016FY2017FY2018FY2019FY2020FY2021FY2022FY2023FY2024FY2025
Revenue $10.84B $13.09B $15.45B $17.77B $21.45B $25.37B $27.52B $29.77B $31.80B $33.17B
Gross profit — — — — — — — — — —
Net income $1.40B $1.79B $2.06B $2.46B $4.20B $4.17B $2.42B $4.25B $4.15B $5.23B

Recent filings and events

  • Results announced The quarterly or annual earnings release. Arrives four times a year from almost every company here. Item 2.02
  • Officer or director change Someone at the top arrived or left. The item covers everything from a board retirement to a chief executive being removed, and only the filing itself says which. Item 5.02
  • Shareholder vote The results of the annual meeting or a special vote. Item 5.07
  • Other event The catch-all. The company chose to disclose something that fits no other item, so the content is whatever it says it is. Item 8.01
  • Results announced Item 2.02
  • Officer or director change Item 5.02
  • Regulation FD disclosure Something the company told the market and had to tell everyone at once - usually a slide deck or a press release. Item 7.01
  • Officer or director change Item 5.02
  • Annual report filed A new 10-K. The figures and the business description on this site come from it. Form 10-K
  • Results announced Item 2.02
  • Officer or director change Item 5.02
  • Regulation FD disclosure Item 7.01

Item numbers are Form 8-K's own, and a filing date is up to four business days after the thing it reports. The same feed across the whole market.

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