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PayPal Holdings Inc (PYPL) Financial History

20 years of revenue, earnings, cash-flow and balance-sheet history from public filings.

FINANCIAL SERVICES · Transaction & Payment Processing Services · DATA UPDATED 2026-09-13

PayPal Holdings Inc (PYPL) operates in the Transaction & Payment Processing Services industry and is headquartered in San Jose, United States with about 23,800 employees. Its market capitalization is roughly $45 billion. In the fiscal year ended 2025-12-31, PYPL reported $33.2B in revenue and $5.2B in net income.

PayPal Holdings, Inc. operates a technology platform that enables digital payments for merchants and consumers worldwide.

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PYPL Revenue & Earnings History — Annual Income Statement

Income statementTTM → 2026-06-302025-12-312024-12-312023-12-312022-12-312021-12-312020-12-312019-12-312018-12-312017-12-312016-12-312015-12-312014-12-312013-12-312012-12-31
Total Revenue$34.1B$33.2B$31.8B$29.8B$27.5B$25.4B$21.5B$17.8B$15.5B$13.1B$10.8B$9.2B$8.0B$6.7B$5.7B
Operating Income (EBIT)$6.4B$6.1B$5.3B$5.0B$3.8B$4.3B$3.3B$2.7B$2.2B$2.1B$1.6B$1.5B$1.3B$1.1B$880M
Operating Margin %18.8%18.3%16.8%16.9%13.9%16.8%15.3%15.3%14.2%16.2%14.6%15.8%15.8%16.2%15.5%
Net Income$4.9B$5.2B$4.1B$4.2B$2.4B$4.2B$4.2B$2.5B$2.1B$1.8B$1.4B$1.2B$419M$955M$778M
Net Margin %14.4%15.8%13.0%14.3%8.8%16.4%19.6%13.8%13.3%13.7%12.9%13.3%5.2%14.2%13.7%
EBITDA$7.5B$7.7B$6.7B$6.8B$5.0B$5.6B$6.5B$4.0B$3.2B$3.0B$2.4B$2.1B$1.8B$1.5B$1.3B
Earnings Per Share (EPS)$5.24$5.41$3.99$3.84$2.09$3.52$3.54$2.07$1.71$1.47$1.15$1.00$0.33$0.78$0.65
Shares Outstanding (M)901M968M1,039M1,107M1,158M1,186M1,187M1,188M1,203M1,221M1,218M1,229M1,262M1,229M1,188M

USD; $M / $B as marked. Newest period first. Source: public company filings (via Yahoo Finance aggregation).

PYPL Quarterly Revenue & Earnings — Last 8 Quarters

Quarterly income statement2026-06-302026-03-312025-12-312025-09-302025-06-302025-03-312024-12-312024-09-30
Total Revenue$8.7B$8.4B$8.7B$8.4B$8.3B$7.8B$8.4B$7.8B
Operating Income (EBIT)$1.9B$1.5B$1.5B$1.5B$1.5B$1.5B$1.4B$1.4B
Operating Margin %21.8%17.8%17.4%18.1%18.1%19.6%17.2%17.7%
Net Income$1.1B$1.1B$1.4B$1.2B$1.3B$1.3B$1.1B$1.0B
Net Margin %12.7%13.3%16.6%14.8%15.2%16.5%13.4%12.9%
EBITDA$1.9B$1.7B$2.0B$1.9B$1.9B$2.0B$1.8B$1.7B
Earnings Per Share (EPS)$1.23$1.21$1.53$1.28$1.29$1.29$1.11$0.99
Shares Outstanding (M)901M920M939M978M977M999M1,014M1,024M

USD; $M / $B as marked. Newest period first. Source: public company filings (via Yahoo Finance aggregation).

PYPL Free Cash Flow History

Cash flowTTM → 2026-06-302025-12-312024-12-312023-12-312022-12-312021-12-312020-12-312019-12-312018-12-312017-12-312016-12-312015-12-312014-12-312013-12-312012-12-31
Cash from Operations (CFO)$7.5B$6.4B$7.5B$4.8B$5.8B$5.8B$6.2B$4.6B$5.5B$2.5B$3.2B$2.5B$2.2B$2.0B$1.6B
Capital Expenditures (CapEx)$889M$852M$683M$623M$706M$908M$866M$704M$823M$667M$669M$722M$492M$391M$511M
Free Cash Flow (FCF)$6.6B$5.6B$6.8B$4.2B$5.1B$4.9B$5.4B$3.9B$4.7B$1.9B$2.5B$1.8B$1.7B$1.6B$1.1B
FCF Margin %19.3%16.8%21.3%14.2%18.6%19.3%24.9%21.7%30.2%14.2%23.0%19.7%21.5%23.8%18.6%
Dividends Paid$130M$0M$1.5B$3.5B$4.6B$5.0B$4.3B$2.1B$0M$0M$0M$0M$0M$0M

USD; $M / $B as marked. Newest period first. Source: public company filings (via Yahoo Finance aggregation).

PYPL Quarterly Free Cash Flow — Last 8 Quarters

Quarterly cash flow2026-06-302026-03-312025-12-312025-09-302025-06-302025-03-312024-12-312024-09-30
Cash from Operations (CFO)$2.0B$1.1B$2.4B$2.0B$898M$1.2B$2.4B$1.6B
Capital Expenditures (CapEx)$208M$231M$194M$256M$206M$196M$203M$169M
Free Cash Flow (FCF)$1.8B$903M$2.2B$1.7B$692M$964M$2.2B$1.4B
FCF Margin %20.4%10.8%25.2%20.4%8.3%12.4%26.2%18.4%
Dividends Paid$122M$130M$130M$0M$0M

USD; $M / $B as marked. Newest period first. Source: public company filings (via Yahoo Finance aggregation).

PYPL Balance Sheet History

Balance sheet2026-06-302025-12-312024-12-312023-12-312022-12-312021-12-312020-12-312019-12-312018-12-312017-12-312016-12-312015-12-312014-12-312013-12-31
Total Assets$82.7B$80.2B$81.6B$82.2B$78.7B$75.8B$70.4B$51.3B$43.3B$40.8B$33.1B$28.9B$21.9B$19.2B
Cash & Cash Equivalents$8.3B$8.0B$6.6B$9.1B$7.8B$5.2B$4.8B$7.3B$7.6B$2.9B$1.6B$1.4B$2.2B$1.6B
Total Liabilities$62.9B$59.9B$61.2B$61.1B$58.4B$54.1B$50.3B$34.4B$27.9B$24.8B$18.4B$15.1B$13.7B$11.8B
Total Debt (Short + Long-Term)$13.5B$10.0B$9.9B$11.1B$10.6B$8.2B$9.1B$5.1B$2.0B$1.0B$0M$0M$1.1B$1.1B
Total Shareholders' Equity$19.8B$20.3B$20.4B$21.1B$20.3B$21.7B$20.1B$16.9B$15.4B$16.0B$14.7B$13.8B$8.2B$7.4B

USD; $M / $B as marked. Newest period first. Source: public company filings (via Yahoo Finance aggregation).

Quarterly statements, profitability ratios, price history, insider activity and institutional holders are in the interactive PYPL viewer.

PYPL Metric Deep Dives

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