Saturday 17 October 2026
Export PYPL’s income statement to Excel — free account
PayPal Holdings, Inc.
PYPL Financial Credit Services
PayPal Holdings, Inc.’s revenue for fiscal 2025 (year ended December 2025) was $33.2 billion, up 4.32% from fiscal 2024. In the quarter to June 2026, revenue grew 4.75%, EPS fell 3.08%, free cash flow grew 157.7% and total debt rose 18.6%, each against the same quarter a year earlier. Member of the S&P 500 and Nasdaq 100; revenue growth for ten consecutive years; insiders bought in the last twelve months.
56.70
0.46
−0.80%
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| Dec '16 | Dec '17 | Dec '18 | Dec '19 | Dec '20 | Dec '21 | Dec '22 | Dec '23 | Dec '24 | Dec '25 | |
|---|---|---|---|---|---|---|---|---|---|---|
P/E ratio |
34.70 | 49.23 | 48.33 | 51.76 | 65.42 | 52.97 | 35.35 | 15.92 | 21.18 | 10.69 |
Piotroski F-Score |
6 | 8 | 7 | 7 | 6 | 5 | 6 | 8 | 6 | 8 |
P/S ratio |
4.49 | 6.78 | 6.44 | 7.15 | 12.80 | 8.73 | 3.13 | 2.28 | 2.76 | 1.69 |
P/FCF ratio |
19.57 | 47.66 | 21.37 | 37.53 | 50.19 | 45.24 | 16.84 | 15.89 | 12.98 | 10.06 |
P/Operating CF |
52.77 | (604.28) | 88.03 | 164.07 | 160.47 | 181.47 | 54.10 | 25.93 | 36.69 | 23.48 |
P/B ratio |
3.31 | 5.55 | 6.47 | 7.50 | 13.69 | 10.19 | 4.25 | 3.22 | 4.30 | 2.76 |
Price to Tangible BV |
4.66 | 7.73 | 12.03 | 12.78 | 27.81 | 24.76 | 10.40 | 7.14 | 9.49 | 6.10 |
EV/Sales |
4.03 | 6.35 | 5.85 | 6.83 | 12.62 | 8.71 | 3.13 | 2.13 | 2.73 | 1.72 |
EV/EBITDA |
18.93 | 28.35 | 30.46 | 33.41 | 60.45 | 39.48 | 16.95 | 11.09 | 14.43 | 8.23 |
EV/Operating CF |
13.85 | 32.85 | 16.51 | 29.80 | 43.53 | 38.14 | 14.83 | 13.12 | 11.67 | 8.91 |
EV/FCF |
17.57 | 44.60 | 19.41 | 35.85 | 49.46 | 45.17 | 16.86 | 14.90 | 12.84 | 10.27 |
Quick Ratio |
1.16 | 1.06 | 1.14 | 1.25 | 1.22 | 1.08 | 1.07 | 1.12 | 1.09 | 1.07 |
Current Ratio |
1.52 | 1.43 | 1.27 | 1.43 | 1.33 | 1.22 | 1.28 | 1.29 | 1.28 | 1.29 |
Net Debt/EBITDA |
(2.15) | (1.94) | (3.07) | (1.60) | (0.93) | (0.26) | (0.09) | (0.76) | (0.17) | (0.06) |
Debt/Assets |
0.00% | 0.00% | 0.00% | 9.67% | 12.70% | 10.62% | 13.25% | 11.78% | 12.55% | 12.46% |
Debt/Equity |
0.00 | 0.00 | 0.00 | 0.29 | 0.45 | 0.37 | 0.51 | 0.46 | 0.48 | 0.49 |
Asset Turnover |
0.35 | 0.35 | 0.37 | 0.38 | 0.35 | 0.35 | 0.36 | 0.37 | 0.40 | 0.42 |
Operating CF/Net income |
2.25 | 1.41 | 2.66 | 1.66 | 1.48 | 1.39 | 2.40 | 1.14 | 1.80 | 1.23 |
Capex/Depreciation |
(0.92) | (0.83) | (1.06) | (0.75) | (0.63) | (0.67) | (0.56) | (0.82) | (0.98) | (0.96) |
| 9.84% | 11.69% | 13.11% | 15.22% | 22.72% | 19.95% | 11.52% | 20.55% | 20.00% | 25.73% | |
| 4.52% | 4.86% | 4.89% | 5.20% | 6.90% | 5.70% | 3.13% | 5.28% | 5.16% | 6.59% | |
ROIC |
10.18% | 12.91% | 21.85% | 15.26% | 12.91% | 13.14% | 12.10% | 18.85% | 17.18% | 19.12% |
Return on Tangible Assets |
13.55% | 15.87% | 23.42% | 18.53% | 29.27% | 36.40% | 17.10% | 27.23% | 29.15% | 34.85% |
Average Days of Receivables |
490.74 | 516.39 | 481.32 | 471.59 | 578.36 | 531.45 | 493.78 | 490.46 | 443.72 | 429.55 |
Research and Development Expense of Revenue |
7.69% | 13.29% | 11.85% | 11.73% | 12.31% | 11.97% | 11.82% | 9.99% | 9.37% | 9.35% |
Selling, General and Administrative Expense of Revenue |
18.42% | 18.33% | 18.48% | 17.51% | 18.32% | 17.97% | 15.83% | 12.99% | 13.05% | 12.85% |
Intangible Assets out of Total Assets |
0.13 | 0.11 | 0.16 | 0.14 | 0.14 | 0.17 | 0.15 | 0.14 | 0.14 | 0.14 |
Share Based Compensation of Revenue |
4.04% | 5.60% | 5.52% | 5.74% | 6.41% | 5.42% | 4.58% | 4.95% | 3.87% | 3.02% |
Graham Net Nets |
0.15 | 0.09 | 0.05 | 0.03 | 0.00 | (0.01) | (0.01) | 0.02 | 0.00 | 0.00 |
Graham Number |
17.81 | 21.18 | 22.56 | 26.04 | 37.12 | 38.50 | 28.88 | 40.71 | 42.42 | 50.94 |
Earnings Yield |
2.88% | 2.03% | 2.07% | 1.93% | 1.53% | 1.89% | 2.83% | 6.28% | 4.72% | 9.35% |
Free Cash Flow Yield |
5.11% | 2.10% | 4.68% | 2.66% | 1.99% | 2.21% | 5.94% | 6.29% | 7.71% | 9.94% |
Revenue per Share |
8.96 | 10.88 | 13.05 | 15.14 | 18.29 | 21.61 | 23.85 | 26.99 | 30.90 | 34.59 |
Operating CF per Share |
2.61 | 2.10 | 4.63 | 3.47 | 5.30 | 4.94 | 5.04 | 4.39 | 7.24 | 6.69 |
Capex per Share |
(0.55) | (0.55) | (0.69) | (0.59) | (0.64) | (0.77) | (0.61) | (0.52) | (0.66) | (0.89) |
Free Cash Flow per Share |
2.06 | 1.55 | 3.94 | 2.88 | 4.67 | 4.17 | 4.43 | 3.87 | 6.58 | 5.81 |
Cash per Share |
4.11 | 4.73 | 7.69 | 9.17 | 11.15 | 8.09 | 9.42 | 12.75 | 10.62 | 10.87 |
Shareholders Equity per Share |
12.16 | 13.30 | 12.99 | 14.42 | 17.10 | 18.51 | 17.57 | 19.09 | 19.84 | 21.12 |
Interest Debt per Share |
0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
Book value per Share |
12.16 | 13.30 | 12.99 | 14.42 | 17.10 | 18.51 | 17.57 | 19.09 | 19.84 | 21.12 |
Free Cash Flow |
2,489.00 | 1,864.00 | 4,660.00 | 3,384.00 | 5,473.00 | 4,894.00 | 5,112.00 | 4,265.00 | 6,768.00 | 5,567.00 |
Working Capital |
8,855.00 | 9,782.00 | 7,059.00 | 11,576.00 | 12,548.00 | 9,545.00 | 12,416.00 | 14,103.00 | 12,716.00 | 13,316.00 |
Capital Expenditures |
(669.00) | (667.00) | (820.00) | (687.00) | (746.00) | (903.00) | (701.00) | (578.00) | (682.00) | (849.00) |
Net Current Asset Value |
7,342.00 | 7,865.00 | 5,017.00 | 4,091.00 | 679.00 | (1,502.00) | (926.00) | 1,454.00 | (102.00) | (158.00) |
EV/EBIT |
27.57 | 39.09 | 41.23 | 44.61 | 82.31 | 51.87 | 22.46 | 12.64 | 16.32 | 9.42 |
Capex to Sales |
0.06 | 0.05 | 0.05 | 0.04 | 0.03 | 0.04 | 0.03 | 0.02 | 0.02 | 0.03 |
Price to Operating Income |
30.71 | 41.76 | 45.38 | 46.71 | 83.53 | 51.95 | 22.43 | 13.48 | 16.49 | 9.23 |
| Other line items | ||||||||||
Depreciation/Fixed assets |
0.49 | 0.53 | 0.45 | 0.54 | 0.66 | 0.70 | 0.72 | 0.47 | 0.46 | 0.52 |
Cash ROIC |
12.64% | 8.59% | 19.02% | 10.36% | 13.00% | 12.46% | 12.30% | 9.52% | 16.42% | 13.69% |
Accounts Receivable Turnover |
0.80 | 0.79 | 0.79 | 0.82 | 0.75 | 0.72 | 0.74 | 0.77 | 0.81 | 0.85 |
Accounts Payable Turnover |
33.83 | 29.82 | 30.71 | 38.15 | 47.33 | 59.91 | 98.24 | 135.74 | 103.32 | 83.13 |
Inventory Turnover |
0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
Average Days of Payables |
12.29 | 14.01 | 12.41 | 8.65 | 8.03 | 5.35 | 2.90 | 2.82 | 4.38 | 4.51 |
Days of Inventory on Hand |
0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
Average Receivables |
13,487.50 | 16,551.00 | 19,450.00 | 21,668.50 | 28,478.50 | 35,468.00 | 37,084.00 | 38,615.50 | 39,329.50 | 38,846.50 |
Average Payables |
168.50 | 224.50 | 269.00 | 256.50 | 242.00 | 224.50 | 161.50 | 132.50 | 183.00 | 233.50 |
Average Assets |
30,992.00 | 36,938.50 | 42,053.00 | 47,332.50 | 60,856.00 | 73,091.00 | 77,213.50 | 80,395.00 | 80,445.50 | 79,449.00 |
Average Common Equity |
14,235.50 | 15,353.00 | 15,690.00 | 16,157.50 | 18,496.00 | 20,895.00 | 21,000.50 | 20,662.50 | 20,734.00 | 20,336.50 |
Columns are period end dates