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Nasdaq · Financials

PayPal Holdings, Inc. (PYPL)

As-reported financials and SEC filings for PayPal Holdings, Inc. The latest annual period is FY2025. The latest reported quarter is Q1 FY2026. Financial statements come straight from the company’s EDGAR filings; valuation figures such as P/E and market cap use market data.

About PayPal Holdings, Inc.

PayPal Holdings, Inc. operates a global digital payments platform that connects consumers and merchants in approximately 200 markets. It provides consumers with digital wallets, payment solutions, and financial management tools, including the ability to shop, send and receive money, and use credit products like buy now, pay later. For merchants, PayPal offers online and in-person payment processing, checkout solutions, business financing, and risk management services to help grow their businesses.

Snapshot

Revenue
$33.17B
Revenue growth (YoY)
4.3%
Net income
$5.23B
Diluted EPS
$5.41
Gross margin
—
Operating margin
18.3%
Net margin
15.8%
FCF margin
16.8%
ROE
25.8%
net income / fiscal-year-end equity
P/E
10.8×
trailing when available, otherwise FY EPS
Market cap
$48.78B
Long-term debt / equity
0.49×
non-current term debt only

Fundamentals are from SEC filings for FY2025, the latest annual period (ended December 31, 2025). P/E and market cap are derived from stored market prices, last retrieved on a rolling basis and typically within the past week.

What changed at PayPal Holdings

  • Revenue grew 4.3% to $33.2B in FY2025, slower than the 6.8% the year before.
  • Operating margin is 18.3% in FY2025, +1.5 pp against 16.8% in FY2021.
  • Most recent quarter Q1 FY2026: revenue $8.4B, up 7.2% from Q1 FY2025.
  • Free cash flow was $5.6B in FY2025, 16.8% of revenue.
  • Net income rose 26.2% to $5.2B in FY2025.

Computed from the as-reported figures in the statements below. A change we cannot state from filed figures is left out rather than estimated.

Peer comparison

Where PayPal Holdings’s fundamentals sit among the 425 Financials companies. Each figure is ranked only against peers that report it, from lowest (left) to highest (right).

Operating margin18.3%
55th percentile of 141
Net margin15.8%
51st percentile of 372
FCF margin16.8%
46th percentile of 266
Revenue growth (YoY)+4.3%
28th percentile of 419
ROE25.8%
90th percentile of 374
P/E10.8×
35th percentile of 308
Long-term debt / equity0.49×
61st percentile of 192
Short interest2.26d
27th percentile of 418

PayPal Holdings’s return on equity of 25.8% ranks in the 90th percentile of the 374 Financials companies reporting it.

No reported insider purchases (code P) in the last 90 days; 11 insider sales totaling $848,121. For context, about 15% of companies in the universe saw any reported insider purchase (code P) in the same window. Browse insider activity →

Percentiles describe where a figure sits among sector peers reporting it (100th = highest). They are position within a peer group, not a rating, and not investment advice. Short interest ranking uses days to cover from FINRA Consolidated Short Interest data; FINRA is the owner and source of that data, included at no additional charge.

Institutional ownership

Held by 7 of the superinvestors we track (plus 6 quant / multi-strat books), based on each investor’s most recent 13F; periods vary by investor (newest: Q2 2026).

Conviction investors
7
+6 quant / multi-strat
Initiated / added
7
1 new, 6 added
Reduced / exited
3
3 trimmed, 0 exited
Combined position
$808.9M
reported long value
InvestorAs ofPosition valueSharesChange
Citadel AdvisorsquantQ2 2026$187.0M4.3MReduced
AQR Capital ManagementquantQ2 2026$173.5M4.0MReduced
Yacktman Asset ManagementQ2 2026$100.1M2.3MAdded
Gotham Asset ManagementQ2 2026$66.4M1.5MAdded
Greenlight CapitalQ2 2026$61.5M1.4MNew
D. E. ShawquantQ2 2026$57.1M1.3MAdded
Coatue ManagementQ2 2026$53.7M1.2MHeld
Renaissance TechnologiesquantQ2 2026$52.7M1.2MAdded
Millennium ManagementquantQ2 2026$36.2M837.9KAdded
Chou Associates ManagementQ2 2026$7.2M167.4KHeld
Bridgewater AssociatesQ2 2026$7.2M166.0KAdded
Two Sigma InvestmentsquantQ2 2026$5.5M127.8KReduced
Southeastern Asset ManagementQ2 2026$969,95222.5KHeld

From quarterly Form 13F filings, which can be up to 45 days delayed. Long US-listed positions only: excludes short positions, options, cash, bonds, and non-US holdings, so this is not a manager’s complete portfolio. Counts are of the investors we track, not all institutions. Not investment advice.

Recent insider activity

Non-derivative buys and sells (codes P/S) reported by officers, directors and 10% owners on SEC Form 4.

Buys (90d)
0
code P
Bought (90d)
—
code P value
Sells (90d)
11
$848K
Reported activity
Net selling
by $ value, 90d
Trade dateInsiderTypeSharesPriceValue
2026-09-03
filed 2026-09-08
Frank KellerPres., Checkout Sol. & PayPalSell2.4K$54.68$133K
2026-09-03
filed 2026-09-08
Suzan KereerePresident, Global MarketsSell1.3K$56.69$73K
2026-09-03
filed 2026-09-08
Frank KellerPres., Checkout Sol. & PayPalSell1.2K$56.71$67K
2026-09-03
filed 2026-09-08
Suzan KereerePresident, Global MarketsSell1.1K$54.53$60K
2026-09-03
filed 2026-09-08
Frank KellerPres., Checkout Sol. & PayPalSell1.0K$55.74$56K
2026-09-03
filed 2026-09-08
Suzan KereerePresident, Global MarketsSell995$55.79$56K
2026-09-03
filed 2026-09-08
Chris NataliSVP, Chief Accounting OfficerSell552$54.80$30K
2026-08-18
filed 2026-08-19
Suzan KereerePresident, Global MarketsSell3.4K$60.86$205K
2026-08-18
filed 2026-08-19
Suzan KereerePresident, Global MarketsSell800$61.41$49K
2026-07-29
filed 2026-07-30
Chris NataliSVP, Chief Accounting OfficerSell1.3K$58.10$78K
2026-07-29
filed 2026-07-30
Frank KellerPres., Checkout Sol. & PayPalSell732$58.10$43K
2026-06-15
filed 2026-06-16
Jamie S. MillerChief Fin & Op OfficerBuy6.1K$41.53$255K

Reported non-derivative purchases and sales (codes P/S), which may be open-market or private. Excludes option exercises, grants, and shares withheld for taxes. Dates shown are the trade date; a Form 4 can be filed days to years later. A sale can be routine (e.g. a pre-set 10b5-1 plan), so read individual transactions in context. From SEC Form 4. Not investment advice.

Short interest

Total shares sold short as of each twice-monthly FINRA settlement. Rising short interest means more investors are positioned against the stock; days to cover estimates how many trading days of average volume that position represents.

Shares short
29.9M
settled 2026-09-30
Change vs prior
+2.0%
vs previous settlement
Days to cover
2.26
at avg daily volume
Avg daily volume
13.3M
FINRA reported
SettlementShares shortChangeDays to cover
2026-09-3029.9M+2.0%2.26
2026-09-1529.3M-12.1%2.70
2026-08-3133.4M-1.1%2.55
2026-08-1433.7M-15.6%3.63
2026-07-3139.9M-27.1%2.34
2026-07-1554.8M-0.3%2.73
2026-06-3054.9M+1.0%3.05
2026-06-1554.3M+9.7%3.38

Source: FINRA Consolidated Short Interest. FINRA is the owner and source of the FINRA-supplied data, which is included at no additional charge for your own personal or professional use; republishing or redistributing it is not permitted. Settlement dates are shown; FINRA publishes each settlement about nine business days later, so the latest figure can be two to four weeks old. Not presented as a percentage of float. No FINRA endorsement of this product is implied. Not investment advice.

Income statement (as reported)

 FY2025FY2024FY2023FY2022FY2021
Revenue$33.17B$31.80B$29.77B$27.52B$25.37B
Gross profit—————
Operating income$6.07B$5.33B$5.03B$3.84B$4.26B
Pre-tax income———$3.37B$4.10B
Net income$5.23B$4.15B$4.25B$2.42B$4.17B
Diluted EPS$5.41$3.99$3.84$2.09$3.52

Figures as reported to the SEC. Underlined values link to the filing they came from; dotted values are calculated by us from reported figures (free cash flow is operating cash flow minus capital expenditures, which can differ from a company’s own definition); “adj” means restated for a stock split (tap or hover a figure to see how it was calculated or what was filed). Diluted EPS includes discontinued operations where a company reports them. Cash & Equivalents excludes short-term investments and may include restricted cash where that is the figure the company tags. Full details: where the numbers come from.

Balance sheet (as reported)

Figures as reported to the SEC. Underlined values link to the filing they came from; dotted values are calculated by us from reported figures (free cash flow is operating cash flow minus capital expenditures, which can differ from a company’s own definition); “adj” means restated for a stock split (tap or hover a figure to see how it was calculated or what was filed). Diluted EPS includes discontinued operations where a company reports them. Cash & Equivalents excludes short-term investments and may include restricted cash where that is the figure the company tags. Full details: where the numbers come from.

Cash flow (as reported)

 FY2025FY2024FY2023FY2022FY2021
Operating cash flow$6.42B$7.45B$4.84B$5.81B$5.80B
Capital expenditure$852.0M$683.0M$623.0M$706.0M$908.0M
Free cash flow

Figures as reported to the SEC. Underlined values link to the filing they came from; dotted values are calculated by us from reported figures (free cash flow is operating cash flow minus capital expenditures, which can differ from a company’s own definition); “adj” means restated for a stock split (tap or hover a figure to see how it was calculated or what was filed). Diluted EPS includes discontinued operations where a company reports them. Cash & Equivalents excludes short-term investments and may include restricted cash where that is the figure the company tags. Full details: where the numbers come from.

Quarterly trend

QuarterRevenueRevenue YoYNet incomeDiluted EPS
Q1 FY2026$8.35B7.2%$1.11B$1.21
Q4 FY20253.7%
Q3 FY2025$8.42B7.3%$1.25B$1.30
Q2 FY2025$8.29B5.1%$1.26B$1.29
Q1 FY2025$7.79B1.2%$1.29B$1.29
Q4 FY20244.2%
Q3 FY2024$7.85B5.8%$1.01B$0.99
Q2 FY2024$7.88B8.2%$1.13B$1.08

Latest 8 quarters, from company XBRL filings on SEC EDGAR. A dotted underline marks a fourth-quarter figure we calculated from the full year and the first nine months. Revenue YoY is our calculation too: each quarter against the same quarter a year earlier.

Company facts

ExchangeNasdaq
SectorFinancials
SIC industryServices-Business Services, NEC
Latest annual periodFY2025 (ended December 31, 2025)
Latest reported quarterQ1 FY2026 (ended March 31, 2026)
Oldest indexed filing2017
SEC CIK1633917

Selected SEC filings

10-K2026-02-03
View on EDGAR →
10-K2025-02-04
View on EDGAR →
10-Q2026-07-28
View on EDGAR →
10-Q2026-05-05
View on EDGAR →
10-Q2025-10-28
View on EDGAR →
10-Q2025-07-29
View on EDGAR →
8-K2026-07-28
View on EDGAR →
8-K2026-05-21
View on EDGAR →

Largest Financials peers

All Financials companies →

PYPL head to head

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Data sourced from SEC EDGAR. Figures are as-reported and may be unaudited or restated; verify against the source filing before relying on them. Informational only. Not investment advice.