PayPal Holdings PYPL · USD
Information Technology · IT Services · US listing · 🇺🇸 United States
S&P 500Nasdaq-100
60.05
+1.37%
Close of 9 Nov 2026, in USD
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At a glance
Figures in USD, from our data supplier.
Revenue
$33.17bn
FY2016FY2025
Net income
$5.23bn
FY2016FY2025
Free cash flow
$5.56bn
FY2016FY2025
Shareholders' equity
$20.26bn
FY2016FY2025
Income statement
Fiscal years
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | $33.17bn | $31.80bn | $29.77bn | $27.52bn | $25.37bn | $21.45bn | $17.77bn | $15.45bn | $13.09bn | $10.84bn |
| Gross profit | $15.46bn | $14.66bn | $13.70bn | $13.77bn | $14.00bn | $11.78bn | $9.60bn | $8.60bn | $7.66bn | $6.41bn |
| Research and development | $3.10bn | $2.98bn | $2.97bn | $3.25bn | $3.04bn | $2.64bn | $2.08bn | $1.07bn | $953.0m | $834.0m |
| Operating income | $6.07bn | $5.33bn | $5.03bn | $3.84bn | $4.26bn | $3.41bn | $2.72bn | $2.19bn | $2.13bn | $1.59bn |
| Net income | $5.23bn | $4.15bn | $4.25bn | $2.42bn | $4.17bn | $4.20bn | $2.46bn | $2.06bn | $1.79bn | $1.40bn |
| Diluted earnings per share | 5.57 | 4.09 | 3.92 | 2.09 | 3.51 | 3.59 | 2.07 | 1.72 | 1.46 | 1.15 |
Balance sheet
At each fiscal year end
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Total assets | $80.17bn | $81.61bn | $82.17bn | $78.72bn | $75.80bn | $70.38bn | $51.33bn | $43.33bn | $40.77bn | $33.10bn |
| Cash and short-term investments | $10.42bn | $10.82bn | $14.06bn | $10.85bn | $9.50bn | $13.08bn | $10.76bn | $9.11bn | $5.70bn | $4.97bn |
| Total liabilities | $59.92bn | $61.19bn | $61.12bn | $58.44bn | $54.08bn | $50.32bn | $34.40bn | $27.95bn | $24.78bn | $18.39bn |
| Debt | $11.40bn | $11.09bn | $10.93bn | $10.84bn | $9.05bn | $8.94bn | $4.96bn | $2.00bn | $1.00bn | — |
| Shareholders' equity | $20.26bn | $20.42bn | $21.05bn | $20.27bn | $21.73bn | $20.06bn | $16.93bn | $15.39bn | $15.99bn | $14.71bn |
| Shares outstanding | 939m | 1,014m | 1,084m | 1,158m | 1,187m | 1,172m | 1,187m | 1,196m | 1,228m | 1,216m |
Cash flow
Fiscal years
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Cash from operations | $6.42bn | $7.45bn | $4.84bn | $5.81bn | $5.80bn | $6.22bn | $4.56bn | $5.48bn | $2.53bn | $3.16bn |
| Capital spending | −$852.0m | −$683.0m | −$623.0m | −$706.0m | −$908.0m | −$866.0m | −$704.0m | −$823.0m | −$667.0m | −$669.0m |
| Free cash flow | $5.56bn | $6.77bn | $4.22bn | $5.11bn | $4.89bn | $5.35bn | $3.86bn | $4.66bn | $1.86bn | $2.49bn |
| Dividends paid | −$130.0m | — | −$1.53bn | −$3.48bn | −$4.61bn | −$5.02bn | −$4.29bn | −$2.08bn | — | — |
Latest quarters
By quarter end
| Jun 2026 | Mar 2026 | Dec 2025 | Sept 2025 | Jun 2025 | Mar 2025 | Dec 2024 | Sept 2024 | |
|---|---|---|---|---|---|---|---|---|
| Revenue | $8.68bn | $8.35bn | $8.68bn | $8.42bn | $8.29bn | $7.79bn | $8.37bn | $7.85bn |
| Gross profit | $3.90bn | $3.81bn | $4.03bn | $3.87bn | $3.84bn | $3.72bn | $3.94bn | $3.65bn |
| Operating income | $1.89bn | $1.49bn | $1.51bn | $1.52bn | $1.50bn | $1.53bn | $1.44bn | $1.39bn |
| Net income | $1.10bn | $1.11bn | $1.44bn | $1.25bn | $1.26bn | $1.29bn | $1.12bn | $1.01bn |
| Diluted earnings per share | 1.23 | 1.24 | 1.53 | 1.33 | 1.34 | 1.37 | 1.11 | 1.00 |
| Cash from operations | $1.98bn | $1.13bn | $2.38bn | $1.97bn | $898.0m | $1.16bn | $2.39bn | $1.61bn |
| Capital spending | −$208.0m | −$231.0m | −$194.0m | −$256.0m | −$206.0m | −$196.0m | −$203.0m | −$169.0m |
| Free cash flow | $1.77bn | $903.0m | $2.19bn | $1.72bn | $692.0m | $964.0m | $2.19bn | $1.45bn |
| Total assets | $82.74bn | $80.55bn | $80.17bn | $79.80bn | $79.78bn | $81.27bn | $81.61bn | $83.51bn |
| Cash and short-term investments | $11.26bn | $9.34bn | $10.42bn | $10.76bn | $10.01bn | $11.21bn | $10.82bn | $11.92bn |
| Debt | $13.55bn | $9.41bn | $9.99bn | $11.28bn | $11.30bn | $11.42bn | $9.88bn | $12.58bn |
| Shareholders' equity | $19.82bn | $20.02bn | $20.26bn | $20.20bn | $20.20bn | $20.25bn | $20.42bn | $20.17bn |
Financial ratios
Data as of 20 Sept 2026
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | |
|---|---|---|---|---|---|---|
| Gross margin | 46.6% | 46.1% | 46.0% | 50.1% | 55.2% | 54.9% |
| Operating margin | 18.3% | 16.7% | 16.9% | 13.9% | 16.8% | 15.9% |
| Net margin | 15.8% | 13.0% | 14.3% | 8.8% | 16.4% | 19.6% |
| Return on equity | 25.8% | 20.3% | 20.2% | 11.9% | 19.2% | 20.9% |
| Return on assets | 6.5% | 5.1% | 5.2% | 3.1% | 5.5% | 6.0% |
| Free cash flow yield | 14.8% | 15.3% | 9.6% | 10.7% | 10.8% | 11.5% |
| Revenue growth | 4.3% | 6.8% | 8.2% | 8.5% | 18.3% | 20.7% |
| Earnings growth | 26.2% | -2.3% | 75.5% | -42.0% | -0.8% | 70.9% |
| Current ratio | 1.29x | 1.26x | 1.29x | 1.28x | 1.22x | 1.33x |
| Debt to equity | 0.49x | 0.48x | 0.53x | 0.52x | 0.38x | 0.45x |
| Equity ratio | 25.3% | 25.0% | 25.6% | 25.8% | 28.7% | 28.5% |
| Interest coverage | 13.75x | 13.94x | 14.49x | 12.62x | 18.37x | 16.32x |
| R&D as a share of sales | 9.4% | 9.4% | 10.0% | 11.8% | 12.0% | 12.3% |
| Buybacks as a share of market value | 7.4% | 6.5% | 6.4% | 2.4% | -1.3% | 1.3% |
Growth per year
Compound annual rate
| 3 years | 5 years | 10 years | |
|---|---|---|---|
| Revenue | 6.4% | 9.1% | 13.6% |
| Operating income | 16.5% | 12.2% | 15.3% |
| Net income | 29.3% | 4.5% | 15.6% |
Average margins
Over each period
| 1 year | 3 years | 5 years | 10 years | |
|---|---|---|---|---|
| Gross margin | 46.4% | 47.1% | 49.3% | 51.6% |
| Operating margin | 17.5% | 16.6% | 16.5% | 16.1% |
| Net margin | 14.4% | 13.1% | 14.4% | 14.2% |
Valuation history
At each fiscal year end
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Price to earnings | 10.5 | 20.9 | 15.7 | 34.1 | 53.7 | 65.3 | 52.2 | 48.9 | 50.4 | 34.3 |
| Price to sales | 1.6 | 2.7 | 2.2 | 3.0 | 8.8 | 12.8 | 7.2 | 6.5 | 6.9 | 4.4 |
Market value over time
31 Oct 2016 to 18 Sept 2026, in USD
$50.58bn$47.22bn
Share price return
Finished calendar years
| 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Return | -30% | 36% | -9% | -62% | -23% | 119% | 32% | 11% | 86% | 14% |
Dividends and splits
Per share, in the currency the company pays
Paid for 1 years. Last went ex-dividend on 4 Dec 2026.
| FY2026 | FY2025 | |
|---|---|---|
| Paid in the year | 0.56 | 0.14 |
Sources and methodology
- Data on this tab
- Our data supplier
- Chart on the Overview
- TradingView
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