PayPal Holdings PYPL
Public, NASDAQ, reports in USD. Founded 1998.
Theme: Internet.
P2P Payment Processor.
2025-08-01 — Venmo + mature Paypal
Financials millions, USD
| Period | Revenue | Growth % | Gross margin % | R&D % | Operating income | Operating margin % | Net income | EPS (diluted) | Rule of 40 | basis |
|---|---|---|---|---|---|---|---|---|---|---|
| 2025 | 33.2bn USD | 4.3 % | 46.6 % | 9.4 % | 6.4bn USD | 19.3 % | 5.2bn USD | 5.41 | 23.6 | |
| 2024 | 31.8bn USD | 6.8 % | 40.5 % | 9.4 % | 5.9bn USD | 18.4 % | 4.5bn USD | 3.99 | 25.2 | |
| 2023 | 29.8bn USD | 8.2 % | 51.7 % | 10.0 % | 5.0m USD | 0.0 % | 4.2bn USD | 3.84 | 8.2 | |
| 2022 | 27.5bn USD | – | 50.1 % | 11.8 % | 4.0bn USD | 14.7 % | 2.4bn USD | 2.09 | – | |
| 2026-Q2 | 8.7bn USD | 4.8 % | 44.9 % | 9.8 % | 1.5bn USD | 17.7 % | 1.1bn USD | 1.25 | 22.5 | |
| 2026-Q1 | 8.4bn USD | – | 45.6 % | 9.5 % | 1.6bn USD | 18.7 % | 1.1bn USD | 1.21 | – | |
| 2025-Q4 | 8.7bn USD | – | 46.5 % | 9.3 % | 1.6bn USD | 18.3 % | 1.4bn USD | 1.53 | – | |
| 2025-Q3 | 8.4bn USD | – | 46.0 % | 9.5 % | 1.6bn USD | 18.9 % | 1.2bn USD | 1.30 | – | |
| 2025-Q2 | 8.3bn USD | – | 46.4 % | 9.3 % | 1.6bn USD | 19.5 % | 1.3bn USD | 1.29 | – |
Sources
- 2025: 2025_10-K_Summary_2026-07-10.xlsx
- 2024: 2025_10-K_Summary_2026-07-10.xlsx
- 2023: 2025_10-K_Summary_2026-07-10.xlsx
- 2022: 2025_10-K_Summary_2026-07-10.xlsx
- 2026-Q2: yfinance
- 2026-Q1: yfinance
- 2025-Q4: yfinance
- 2025-Q3: yfinance
- 2025-Q2: yfinance
Latest quarter 2026-Q2, ended 2026-06-30, vs 2025-Q2
| 2026-Q2 | 2025-Q2 | change | |
|---|---|---|---|
| Revenue | 8.7bn USD | 8.3bn USD | +394m (+5 %) |
| Op. margin | 17.7 % | 19.5 % | -1.8 pts |
| FCF | 1.8bn USD | 692m USD | +1.1bn (+157 %) |
| Op. income | 1.5bn USD | ||
| Net income | 1.1bn USD | ||
| EPS (diluted) | 1.25 | -3.1 % |
Cash flow millions, USD
| Period | Cash from operations | Capex | Free cash flow | FCF margin % | CFO / net income % | NOPAT | Unlevered FCF | Levered FCF | Net change in cash |
|---|---|---|---|---|---|---|---|---|---|
| 2025 | 6.4bn USD | 852m USD | 5.6bn USD | 16.8 % | 122.6 % | 5.3bn USD | 4.4bn USD | 6.0bn USD | 1.3bn USD |
| 2024 | 7.5bn USD | 683m USD | 6.8bn USD | 21.3 % | 163.9 % | 4.6bn USD | 4.3bn USD | 6.7bn USD | 863m USD |
| 2023 | 4.8bn USD | 623m USD | 4.2bn USD | 14.2 % | 114.1 % | 3.9m USD | -861m USD | 4.7bn USD | 2.6bn USD |
| 2022 | 5.8bn USD | 706m USD | 5.1bn USD | 18.6 % | 240.3 % | 2.9bn USD | 3.1bn USD | 6.9bn USD | 1.3bn USD |
NOPAT = op. income × (1 − effective tax rate); UFCF = NOPAT + D&A + ΔNWC − capex; LFCF = FCF + net debt issued.
Quotes
| Price | 53.92 USD | 2026-09-15 | |
|---|---|---|---|
| Market cap | 46.1bn USD | 2026-09-15 | |
| 52w high | 79.21 USD | 2026-09-15 | |
| 52w low | 38.46 USD | 2026-09-15 | |
| Off 52w high % | -31.9 % | ||
| P/S | 1.4 | ||
| Lifetime CAGR | 13.4 % |
Notes
- 2025-08-01 opinion Venmo + mature Paypal