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MARKETS / NASDAQ / PYPL
NASDAQ · SERVICES-BUSINESS SERVICES, NEC · LARGE CAP

PayPal Holdings, Inc. PYPL

13 fiscal years on record · USD · FY2025 reported · SEC filings only
$33.2B
▲ 4.3% YoY
$5.2B
▲ 26.2% YoY
$5.6B
▼ 17.8% YoY
In brief

What this company does

PayPal operates a two-sided payments network that connects consumers and merchants across approximately 200 markets. As of December 31, 2025 it had 439 million active accounts. In 2025 the company processed $1.79 trillion of total payment volume and 25.4 billion payment transactions. It employed approximately 23,800 people globally as of December 31, 2025. Revenues come primarily from fees charged for completing payment transactions and other payment-related services, typically based on the volume of activity processed on its payments platform. For consumers it provides digital wallets and other solutions to shop and pay with PayPal and Venmo, online and in-person, to manage their finances, including buying and selling cryptocurrencies, and to send and receive money between friends and family. For large enterprises and small and medium businesses it provides online branded checkout solutions, including PayPal and Venmo, online unbranded payments processing, buy now, pay later solutions, in-person point of sale solutions, business financing, payouts capabilities and risk tools. Its principal executive offices are in San Jose, California.

Written from the business description in PayPal Holdings, Inc.'s annual report to the U.S. Securities and Exchange Commission, filed 3 February 2026. Every sentence was checked against that document before publication.

Growth
USD 33.2B
Revenue, FY2025 · full 13-year series below
Revenue $B Net income $B
FY2025 · Revenue 33.2 · Net income 5.2
20B2013201520172019202120232025
Compound annual growth
+6.4%
+9.1%
+13.6%
+29.3%
+4.5%
+15.6%
+37.3%
+8.9%
+18.4%
+14.4%
+32.3%
3 yrs
5 yrs
10 yrs
15 yrs

Revenue compounded at +9.1% a year over five years — but profit grew slower: net income at +4.5%, earnings per share at +8.9%.

The share count fell from 1.17B to 0.92B — the buyback concentrates the same profit into fewer slices.

Compound annual rates per period — left blank where that exact year isn't on file, the series crosses a loss, or (per-share rows) a split falls inside the window.

Profitability
16 cents
of every revenue dollar became profit
Operating margin Net margin
FY2025 · Operating 18.3% · Net 15.8%
5%10%15%2013201520172019202120232025
ROE
FY2025 · ROE 25.7%
10%20%2013201520172019202120232025

Each USD of equity produced 26 cents of profit this year.

Cash & shareholders
USD 6.1B
returned in FY2025 · dividends + net buybacks
Free cash flow $B
FY2025 · FCF 5.6
2.5B5.0B2013201520172019202120232025
Net buybacks $B Dividends $B
FY2025 · Dividends 0.1 · Net buybacks 5.9
2.5B5.0B2014201620182020202220242025

USD 130.0M in dividends and USD 5.9B in buybacks — 116% of the year's profit, so the payout drew on cash built up earlier.

Total assetsUSD 80.2B
EquityUSD 20.3B
CashUSD 8.0B
Gross debtUSD 10.0B
Net debtUSD 1.9B
Current ratio1.29×

Net debt stands at 10% of equity.

The 13-year record
13 fiscal years
Every figure from documents filed with the SEC · USD
row low → row highnegative
Metric 2025202420232022202120202019201820172016201520142013
Revenue $B33.231.829.827.525.421.517.815.513.110.89.28.06.7
Operating income $B6.15.35.03.84.33.32.72.22.11.61.51.31.1
EBITDA $B7.06.46.15.25.54.53.63.02.92.32.11.81.5
Income tax $B1.11.21.20.9−0.10.90.50.30.40.20.30.80.1
Net income $B5.24.14.22.44.24.22.52.11.81.41.20.41.0
Free cash flow $B5.66.84.25.14.95.43.44.71.92.51.81.71.6
EPS, diluted $5.413.993.842.093.523.542.071.711.471.151.000.340.78
Dividend / sh $0.14············
Payout %200··········
ROE %25.720.020.511.520.022.815.213.111.79.811.25.412.9
Shares out B0.920.991.071.141.171.171.171.171.201.211.221.22·

Slide the table for earlier years · "·" marks a figure not available in our data for that year.

Compare

This company against its peers

Provenance
Company facts, as filed
How we verify · 0 failures in 50 reconciliationsAUDITED

Reconciled in 13 of 19 fiscal years. 26 checks could not be computed.

EPS recomputationBalance-sheet identityGross profitBalance-sheet liquiditymoeda_consistente0 failures
ActivityServices-Business Services, NEC
Listed onNASDAQ
Incorporated innot stated in the filings
Fiscal year endsDecember 31
Data on record since2013

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