PYPL
$56.17+0.21%
as of close, Oct 13, 2026
☾ AH $56.17 +0.21%
PYPL financial statements
The full income statement, balance sheet, and cash-flow statement for PayPal Holdings Inc. (PYPL), plus valuation ratios — straight from SEC filings. Switch between annual, quarterly, and trailing-twelve-month figures, pick how far back to look, and flip the time order. Every line has a trend sparkline.
Shares outstanding (point-in-time)
2024-06 1.02B2024-09 1.00B2024-12 989.2M2025-03 972.5M2025-06 955.4M2025-09 935.7M2025-12 920.7M2026-03 882.1M2026-06 855.5M-16.3% over 8 periods
SEC-filed end-of-period counts (cover pages and balance sheets, split-adjusted) — the series realized buyback yield is computed from. The weighted-average share lines in the statements below lag these by design: an average over the year sits near the midpoint of an ongoing buyback.
As-reported fiscal years.
| Line item | Trend | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 |
|---|---|---|---|---|---|---|
| Income Statement | as ofDec 31 ’25 | as ofDec 31 ’24 | as ofDec 31 ’23 | as ofDec 31 ’22 | as ofDec 31 ’21 | |
| Revenue | 33.2B+4.3% | 31.8B+6.8% | 29.8B+8.2% | 27.5B+8.5% | 25.4B+18.3% | |
| 27.1B+2.4% | 26.5B+7.0% | 24.7B+4.5% | 23.7B+12.2% | 21.1B+16.2% | ||
| Selling, general & administrative | 1.98B-7.8% | 2.15B+4.3% | 2.06B-1.9% | 2.10B-0.7% | 2.11B+2.1% | |
| General & administrative | 1.98B-7.8% | 2.15B+4.3% | 2.06B-1.9% | 2.10B-0.7% | 2.11B+2.1% | |
| Selling & marketing | 2.28B+14.1% | 2.00B+10.6% | 1.81B-19.8% | 2.26B-7.7% | 2.44B+31.4% | |
| Restructuring | — | 307M+151.6% | 122M+0.8% | 121M+348.1% | 27.0M-75.2% | |
| Amortization of intangibles | 175M-15.5% | 207M-8.4% | 226M-52.0% | 471M+6.3% | 443M-1.8% | |
| Operating income | 6.07B+13.9% | 5.33B+5.9% | 5.03B+31.0% | 3.84B-10.0% | 4.26B+29.6% | |
| Interest expense | 441M+15.4% | 382M+10.1% | 347M+14.1% | 304M+31.0% | 232M+11.0% | |
| Other non-operating income | -11.0M-222.2% | 9.00M-81.6% | 49.0M+232.4% | -37.0M-8.8% | -34.0M-100.0% | |
| Gain (loss) on equity securities | 168M+162.2% | -270M-110.9% | -128M-262.0% | 79.0M+271.7% | -46.0M-102.9% | |
| Pre-tax income | — | — | — | 3.37B-17.9% | 4.10B-19.1% | |
| Income tax | 1.06B-10.4% | 1.18B+1.5% | 1.17B+23.0% | 947M+1452.9% | -70.0M-108.1% | |
| 5.23B+26.2% | 4.15B-2.3% | 4.25B+75.5% | 2.42B-42.0% | 4.17B-0.8% | ||
| Net income to common | 5.23B+26.2% | 4.15B-2.3% | 4.25B+75.5% | 2.42B-42.0% | 4.17B-0.8% | |
| $5.41+35.6% | $3.99+3.9% | $3.84+83.7% | $2.09-40.6% | $3.52-0.6% | ||
| EPS (basic) | $5.46+35.5% | $4.03+4.7% | $3.85+83.3% | $2.10-40.8% | $3.55-0.8% | |
| Weighted-avg shares (basic) | 959M-6.8% | 1.03B-6.7% | 1.10B-4.4% | 1.15B-1.7% | 1.17B+0.1% | |
| Weighted-avg shares (diluted) | 968M-6.8% | 1.04B-6.1% | 1.11B-4.4% | 1.16B-2.4% | 1.19B-0.1% | |
| Dividends per share | $0.14 | — | — | — | — | |
| Balance Sheet | as ofDec 31 ’25 | as ofDec 31 ’24 | as ofDec 31 ’23 | as ofDec 31 ’22 | as ofDec 31 ’21 | |
| 59.8B+2.7% | 58.2B-7.0% | 62.6B+9.0% | 57.4B+9.2% | 52.6B+3.1% | ||
| Cash & equivalents | 8.05B+20.8% | 6.66B-26.6% | 9.08B+16.8% | 7.78B+49.6% | 5.20B+8.4% | |
| Short-term investments | 2.37B-44.3% | 4.26B-14.4% | 4.98B+61.0% | 3.09B-28.1% | 4.30B-48.1% | |
| Accounts receivable | 840M-14.6% | 984M-8.0% | 1.07B+11.0% | 963M+20.4% | 800M+38.6% | |
| Prepaid expenses | 1.83B+9.8% | 1.66B-33.7% | 2.51B+32.2% | 1.90B+47.5% | 1.29B+12.1% | |
| 80.2B+1.8% | 78.7B-4.2% | 82.2B+4.5% | 78.6B+3.7% | 75.8B+7.7% | ||
| Property, plant & equipment | 1.70B+12.7% | 1.51B+1.3% | 1.49B-14.0% | 1.73B-9.4% | 1.91B+5.6% | |
| Operating lease right-of-use | 539M-10.0% | 599M+53.6% | 390M-32.1% | 574M-12.9% | 659M-6.8% | |
| Goodwill | 10.9B+0.2% | 10.8B-1.7% | 11.0B-1.6% | 11.2B-2.1% | 11.5B+25.4% | |
| Intangible assets | 208M-36.2% | 326M-39.3% | 537M-31.9% | 788M-40.8% | 1.33B+27.1% | |
| Long-term investments | 4.33B-5.5% | 4.58B+40.0% | 3.27B-34.8% | 5.02B-26.2% | 6.80B+11.6% | |
| Other non-current assets | 3.31B+1.4% | 3.27B-0.2% | 3.27B+33.3% | 2.46B+41.3% | 1.74B+33.1% | |
| 46.4B+2.1% | 45.5B-6.1% | 48.5B+7.7% | 45.0B+4.6% | 43.0B+11.9% | ||
| Accounts payable | 240M+5.7% | 227M+63.3% | 139M+10.3% | 126M-36.0% | 197M-21.8% | |
| Accrued liabilities | 4.41B-21.2% | 5.59B-12.5% | 6.39B+31.3% | 4.87B+29.6% | 3.75B+41.8% | |
| Short-term & current debt | 1.60B | — | — | — | — | |
| Current lease liability | 148M+9.6% | 135M-6.3% | 144M-4.6% | 151M+6.3% | 142M-1.4% | |
| Finance lease liability (current) | 7.00M+40.0% | 5.00M | 0.00 | — | — | |
| 59.9B+2.8% | 58.3B-4.6% | 61.1B+4.7% | 58.4B+7.9% | 54.1B+7.5% | ||
| Long-term debt | 9.99B+1.1% | 9.88B+2.1% | 9.68B-7.1% | 10.4B+29.4% | 8.05B-10.0% | |
| Non-current lease liability | 548M-12.9% | 629M+51.2% | 416M-26.9% | 569M-8.2% | 620M-3.4% | |
| Operating lease liability (total) | 696M-8.9% | 764M+36.4% | 560M-22.2% | 720M-5.5% | 762M-3.1% | |
| Finance lease liability (total) | 17.0M-26.1% | 23.0M | 0.00 | — | — | |
| Finance lease liability | 10.0M-44.4% | 18.0M | 0.00 | — | — | |
| Other non-current liabilities | 3.49B+18.6% | 2.94B-1.1% | 2.97B+1.6% | 2.92B | — | |
| 20.3B-0.8% | 20.4B-3.0% | 21.1B+3.8% | 20.3B-6.7% | 21.7B+8.5% | ||
| Preferred stock | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | |
| Common stock | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | |
| Additional paid-in capital | 21.6B+4.2% | 20.7B+5.4% | 19.6B+7.2% | 18.3B+6.5% | 17.2B+3.4% | |
| Retained earnings | 32.5B+18.7% | 27.3B+17.9% | 23.2B+22.4% | 19.0B+14.6% | 16.5B+33.7% | |
| Treasury stock | 33.1B+22.3% | 27.1B+28.7% | 21.0B+30.9% | 16.1B+35.3% | 11.9B+39.6% | |
| Accumulated other comprehensive income | -658M-19.6% | -550M+26.3% | -746M+19.6% | -928M-582.4% | -136M+71.9% | |
| Non-controlling interest | — | — | — | — | 0.00-100.0% | |
| Total equity incl. non-controlling | — | — | 21.1B+3.8% | 20.3B-6.7% | 21.7B+8.3% | |
| Total liabilities & equity | 80.2B+1.8% | 78.7B-4.2% | 82.2B+4.5% | 78.6B+3.7% | 75.8B+7.7% | |
| Common shares outstanding | 920M-7.4% | 993M-7.4% | 1.07B-5.6% | 1.14B-2.7% | 1.17B-0.3% | |
| Shares outstanding (cover) | 921M-6.9% | 989M-7.7% | 1.07B-5.3% | 1.13B-2.9% | 1.17B-0.5% | |
| Cash Flow | as ofDec 31 ’25 | as ofDec 31 ’24 | as ofDec 31 ’23 | as ofDec 31 ’22 | as ofDec 31 ’21 | |
| 6.42B-13.9% | 7.45B+53.8% | 4.84B-16.7% | 5.81B+0.3% | 5.80B-6.8% | ||
| Depreciation & amortization | 963M-6.7% | 1.03B-3.7% | 1.07B-18.6% | 1.32B+4.1% | 1.26B+6.4% | |
| Intangible amortization | 175M-15.5% | 207M-8.4% | 226M-52.0% | 471M+6.3% | 443M-1.8% | |
| Share-based compensation | 1.00B-18.5% | 1.23B-16.6% | 1.48B+17.0% | 1.26B-8.4% | 1.38B+0.0% | |
| Deferred income taxes | 217M-6.1% | 231M+134.6% | -668M+17.6% | -811M-68.3% | -482M-392.1% | |
| Change in receivables | -144M-69.4% | -85.0M-174.6% | 114M-30.1% | 163M-26.6% | 222M+122.0% | |
| 797M-52.8% | 1.69B+124.6% | 752M+122.6% | -3.33B+35.4% | -5.15B+68.9% | ||
| Capital expenditure | 852M+24.7% | 683M+9.6% | 623M-11.8% | 706M-22.2% | 908M+4.8% | |
| Free cash flow | 5.56B-17.8% | 6.77B+60.4% | 4.22B-17.4% | 5.11B+4.5% | 4.89B-8.7% | |
| Acquisitions | 0.00 | 0.00 | 0.00 | 0.00-100.0% | 2.76B-23.4% | |
| Purchases of investments | 20.4B-22.2% | 26.2B+19.2% | 22.0B+8.7% | 20.2B-49.6% | 40.1B-3.4% | |
| Proceeds from sale of PP&E | 3.00M+200.0% | 1.00M-97.8% | 45.0M+800.0% | 5.00M+0.0% | 5.00M-95.8% | |
| Other investing activities | 21.0M+108.1% | -259M-201.2% | -86.0M+54.0% | -187M | 0.00 | |
| -5.96B+28.0% | -8.28B-176.5% | -2.99B-148.8% | -1.20B-116.0% | -557M-104.5% | ||
| Long-term debt issued | 2.64B+70.6% | 1.55B+1.2% | 1.53B-56.0% | 3.48B+1177.6% | 272M-96.1% | |
| Long-term debt repaid | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | |
| Common stock issued | 117M+23.2% | 95.0M-25.2% | 127M-11.2% | 143M-11.7% | 162M+18.2% | |
| Common stock repurchased | 6.05B+0.1% | 6.05B+20.9% | 5.00B+19.1% | 4.20B+24.5% | 3.37B+106.3% | |
| Dividends paid | 130M | 0.00 | 0.00 | 0.00 | 0.00 | |
| Other financing activities | -6.00M+90.0% | -60.0M | 0.00-100.0% | 1.00M | 0.00+100.0% | |
| FX effect on cash | 273M+231.9% | -207M-372.4% | 76.0M+149.0% | -155M-52.0% | -102M-160.4% | |
| Net change in cash | 1.53B+132.9% | 656M-75.5% | 2.68B+137.6% | 1.13B+10345.5% | -11.0M-100.5% | |
| Interest paid | 406M+10.9% | 366M+10.6% | 331M+18.2% | 280M+21.2% | 231M+21.6% | |
| Income taxes paid | 1.10B+7.0% | 1.03B-51.5% | 2.12B+141.2% | 878M+85.2% | 474M-16.1% | |
| Valuation Ratios | as ofDec 31 ’25 | as ofDec 31 ’24 | as ofDec 31 ’23 | as ofDec 31 ’22 | as ofDec 31 ’21 | |
| Market cap | 53.7B-36.3% | 84.4B+27.5% | 66.2B-18.5% | 81.2B-63.0% | 220B-19.9% | |
| P/E | 10.3×-49.6% | 20.4×+15.8% | 17.6×-50.2% | 35.3×-33.0% | 52.7×-19.3% | |
| P/S | 1.6×-39.0% | 2.7×+16.8% | 2.3×-24.3% | 3.0×-65.3% | 8.7×-32.3% | |
| P/B | 2.7×-35.8% | 4.1×+23.3% | 3.4×-16.3% | 4.0×-60.4% | 10.1×-26.2% | |
| P/FCF | 9.7×-22.6% | 12.5×-40.0% | 20.8×+19.9% | 17.3×-61.4% | 44.9×-12.3% | |
| Earnings yield | 9.7%+98.2% | 4.9%-13.6% | 5.7%+100.8% | 2.8%+49.2% | 1.9%+23.9% | |
| FCF yield | 10.4%+29.2% | 8.0%+66.7% | 4.8%-16.6% | 5.8%+159.1% | 2.2%+14.0% | |
| Dividend yield | 0.24% | — | — | — | — | |
| Source filing | 10-K | 10-K | 10-K | 10-K | 10-K |
About this data
Source: PYPL’s SEC filings (10-K / 10-Q). Annual columns are as-reported fiscal years; quarterly columns are as-reported fiscal quarters (Q4 derived as full-year minus the first three quarters where a company doesn’t file a standalone Q4); TTM (quarterly) rolls the trailing four quarters at every quarter end, TTM (yearly) samples that one year apart; balance-sheet rows show the period-end balance. Valuation ratios are sampled as of each period end. View all PYPL filings on SEC EDGAR → Not investment advice.