PayPal Holdings financials
$53.89−0.72%
Close Sep 29, 2026 · split-adjustedRevenue
Net income
Income statement & cash flow
| Fiscal year | FY25 Dec 31 | FY24 Dec 31 | FY23 Dec 31 | FY22 Dec 31 | FY21 Dec 31 | FY20 Dec 31 | FY19 Dec 31 | FY18 Dec 31 | FY17 Dec 31 | FY16 Dec 31 |
|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | $33.17B | $31.80B | $29.77B | $27.52B | $25.37B | $21.45B | $17.77B | $15.45B | $13.09B | $10.84B |
| Gross profit | $33.17B | $31.80B | $29.77B | $13.77B | $14.00B | $11.78B | $9.60B | $8.60B | $7.66B | $6.41B |
| Gross margin | 100.0% | 100.0% | 100.0% | 50.1% | 55.2% | 54.9% | 54.0% | 55.6% | 58.5% | 59.1% |
| Operating income | $6.07B | $5.33B | $5.03B | $3.84B | $4.26B | $3.29B | $2.72B | $2.19B | $2.13B | $1.59B |
| Net income | $5.23B | $4.15B | $4.25B | $2.42B | $4.17B | $4.20B | $2.46B | $2.06B | $1.79B | $1.40B |
| Net margin | 15.8% | 13.0% | 14.3% | 8.8% | 16.4% | 19.6% | 13.8% | 13.3% | 13.7% | 12.9% |
| Diluted EPS | $5.41 | $3.99 | $3.84 | $2.09 | $3.52 | $3.54 | $2.07 | $1.71 | $1.47 | $1.15 |
| EBITDA | $7.36B | $6.79B | $6.02B | $5.36B | $5.59B | $4.62B | $3.70B | $3.28B | $3.06B | $2.31B |
| Operating cash flow | $6.42B | $7.45B | $4.84B | $5.81B | $5.80B | $6.22B | $4.07B | $5.48B | $2.53B | $3.16B |
| Free cash flow | $5.56B | $6.77B | $4.22B | $5.11B | $4.89B | $5.35B | $3.37B | $4.66B | $1.86B | $2.49B |
| Diluted shares | 968.0M | 1,039.0M | 1,107.0M | 1,158.0M | 1,186.0M | 1,187.0M | 1,188.0M | 1,203.0M | 1,221.0M | 1,218.0M |
Balance sheet
| Period end | Dec 31 | Dec 31 | Dec 31 | Dec 31 | Dec 31 | Dec 31 |
|---|---|---|---|---|---|---|
| Cash & equivalents | $8.05B | $6.66B | $9.08B | $7.78B | $5.20B | $4.79B |
| Short-term investments | $2.37B | $4.26B | $4.98B | $3.09B | $4.30B | $8.29B |
| Total debt | $11.58B | $9.88B | $9.68B | $10.42B | $8.05B | $8.94B |
| Total assets | $80.17B | $78.72B | $82.17B | $78.62B | $75.80B | $70.38B |
| Total liabilities | $59.92B | $58.31B | $61.12B | $58.35B | $54.08B | $50.32B |
| Shareholders' equity | $20.26B | $20.42B | $21.05B | $20.27B | $21.73B | $20.06B |
From SEC filings via Massive. Fiscal periods follow the company's own calendar; free cash flow is operating cash flow minus capital expenditure.
Sources: Massive / Polygon daily aggregates (split-adjusted) · SEC filings via Massive · FINRA settlements via Massive · Financial Modeling Prep. Figures are dated where shown; research is informational, not investment advice. Methodology