PayPal Holdings, Inc.
PYPL- Exchange
- Nasdaq
- Industry
- Services-Business Services, NEC
- SEC CIK
- 0001633917
In the last 90 days, PayPal Holdings, Inc. insiders filed 0 open-market purchases and 5 sales; 1,401 institutions reported holding it in 13F filings for Q2 2026, worth $28.2B in total; 5 superinvestors hold it, including Lindsell Train and Greenlight Capital.
- Currency
- USD
- Source
- SEC XBRL data (10-K, 10-Q, 20-F, 40-F)
- Updated
- Oct 28, 2026, 12:34 PM ET
Revenue flow, FY2025
Where the revenue went in FY2025, from the income statement below. Green is profit; orange is costs, expenses and taxes. Percentages are shares of revenue; hover over a band or a bar for the exact amount.
Income statement
Each column is one fiscal year, newest first.
| Line item | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 |
|---|---|---|---|---|---|
| Period end | Dec 31, 2025 | Dec 31, 2024 | Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 |
| Filing | 10-K | 10-K | 10-K | 10-K | 10-K |
| Reported | Feb 3, 2026 | Feb 4, 2025 | Feb 7, 2024 | Feb 9, 2023 | Feb 1, 2022 |
| Revenue | $33.2B | $31.8B | $29.8B | $27.5B | $25.4B |
| Operating expenses | $27.1B | $26.5B | $24.7B | $23.7B | $21.1B |
| Selling, general and administrative | $1.98B | $2.15B | $2.06B | $2.10B | $2.11B |
| Operating income | $6.07B | $5.33B | $5.03B | $3.84B | $4.26B |
| Interest expense | – | – | $347.0M | $304.0M | $232.0M |
| Income tax | $1.06B | $1.18B | $1.17B | $947.0M | -$70.0M |
| Net income | $5.23B | $4.15B | $4.25B | $2.42B | $4.17B |
| EPS, basic | $5.46 | $4.03 | $3.85 | $2.10 | $3.55 |
| EPS, diluted | $5.41 | $3.99 | $3.84 | $2.09 | $3.52 |
| Weighted shares, basic | 959.0M | 1.03B | 1.10B | 1.15B | 1.17B |
| Weighted shares, diluted | 968.0M | 1.04B | 1.11B | 1.16B | 1.19B |
| Margins and growth | |||||
| Operating margin | 18.3% | 16.7% | 16.9% | 13.9% | 16.8% |
| Net margin | 15.8% | 13.0% | 14.3% | 8.8% | 16.4% |
| Revenue growth, year over year | +4.3% | +6.8% | +8.2% | +8.5% | +18.3% |
| Net income growth, year over year | +26.2% | −2.3% | +75.5% | −42.0% | −0.8% |
Balance sheet
Each column is one fiscal year, newest first.
| Line item | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 |
|---|---|---|---|---|---|
| Period end | Dec 31, 2025 | Dec 31, 2024 | Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 |
| Filing | 10-K | 10-K | 10-K | 10-K | 10-K |
| Reported | Feb 3, 2026 | Feb 4, 2025 | Feb 7, 2024 | Feb 9, 2023 | Feb 1, 2022 |
| Cash and equivalents | $8.05B | $6.56B | $9.08B | $7.78B | $5.20B |
| Short-term investments | $2.37B | $4.26B | $4.98B | $3.09B | $4.30B |
| Accounts receivable | $840.0M | $984.0M | $1.07B | $963.0M | $800.0M |
| Total current assets | $59.8B | $61.1B | $62.6B | $57.5B | $52.6B |
| Property, plant and equipment | $1.70B | $1.51B | $1.49B | $1.73B | $1.91B |
| Goodwill | $10.9B | $10.8B | $11.0B | $11.2B | $11.5B |
| Intangible assets | $208.0M | $326.0M | $537.0M | $788.0M | $1.33B |
| Total assets | $80.2B | $81.6B | $82.2B | $78.7B | $75.8B |
| Accounts payable | $240.0M | $227.0M | $139.0M | $126.0M | $197.0M |
| Total current liabilities | $46.4B | $48.4B | $48.5B | $45.1B | $43.0B |
| Long-term debt | $9.99B | $9.88B | $9.68B | $10.4B | $8.05B |
| Total liabilities | $59.9B | $61.2B | $61.1B | $58.4B | $54.1B |
| Shareholders' equity | $20.3B | $20.4B | $21.1B | $20.3B | $21.7B |
Cash flow statement
Each column is one fiscal year, newest first. Free cash flow is operating cash flow minus capital expenditures.
| Line item | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 |
|---|---|---|---|---|---|
| Period end | Dec 31, 2025 | Dec 31, 2024 | Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 |
| Filing | 10-K | 10-K | 10-K | 10-K | 10-K |
| Reported | Feb 3, 2026 | Feb 4, 2025 | Feb 7, 2024 | Feb 9, 2023 | Feb 1, 2022 |
| Operating cash flow | $6.42B | $7.45B | $4.84B | $5.81B | $6.34B |
| Capital expenditures | $852.0M | $683.0M | $623.0M | $706.0M | $908.0M |
| Free cash flow | $5.56B | $6.77B | $4.22B | $5.11B | $5.43B |
| Depreciation and amortization | $963.0M | $1.03B | $1.07B | $1.32B | $1.26B |
| Stock-based compensation | $1.00B | $1.23B | $1.48B | $1.26B | $1.38B |
| Dividends paid | $130.0M | – | – | – | – |
| Share buybacks | $6.05B | $6.05B | $5.00B | $4.20B | $3.37B |
| Investing cash flow | $797.0M | $1.59B | $752.0M | -$3.42B | -$5.49B |
| Financing cash flow | -$5.96B | -$8.28B | -$2.99B | -$1.11B | -$764.0M |
| Net change in cash | $1.53B | $556.0M | $2.68B | $1.13B | -$11.0M |
| Ratio | |||||
| Stock-based compensation, % of revenue | 3.0% | 3.9% | 5.0% | 4.6% | 5.4% |
Shares outstanding
Common shares outstanding as stated on the cover of each 10-K and 10-Q. The date is the cover date, not the period end; a rising count means dilution.
| Cover date | Shares outstanding | Change in a year | Filing |
|---|---|---|---|
| Oct 21, 2026 | 830.7M | −11.2% | SEC |
| Jul 22, 2026 | 855.5M | −10.5% | SEC |
| Apr 29, 2026 | 882.1M | −9.3% | SEC |
| Jan 28, 2026 | 920.7M | −6.9% | SEC |
| Oct 22, 2025 | 935.7M | −6.7% | SEC |
| Jul 23, 2025 | 955.4M | −6.5% | SEC |
| Apr 23, 2025 | 972.5M | −7.0% | SEC |
| Jan 29, 2025 | 989.2M | −7.7% | SEC |
Notes and known gaps
How these numbers are put together, and what they can't tell you.
- Numbers come from the XBRL data in each period's original 10-K, 10-Q, 20-F or 40-F, or its amendment. They are shown as filed: later filings don't restate earlier periods here.
- Reported is the filing date of the first 8-K with Item 2.02 (results of operations) after the period ended, no later than the 10-Q or 10-K and within 120 days. Companies that release results only in the 10-Q, and foreign companies, which use Form 6-K, have none.
Known gaps
- Foreign companies that file Form 20-F or 40-F have annual statements only: their quarterly results are furnished on Form 6-K, which has no XBRL data.
- EPS and share counts are as reported at the time, not adjusted for later stock splits.
- For ADRs, EPS is per ordinary share, not per ADS (one TSMC ADS is five ordinary shares).
- For banks, revenue may be interest income only, depending on how the bank tags its filings; cost of revenue and gross profit are usually blank.
- Companies with several share classes, such as Berkshire Hathaway, may have no EPS and no cover share count.
- Depreciation and amortization is missing for some companies that report it under their own XBRL tags.