PayPal Holdings vs Block (PYPL vs XYZ)
Side by side from their SEC filings: revenue, margins, growth, returns and valuation, plus short interest, insider activity and institutional ownership.
PayPal Holdings is the larger company by revenue ($33.2B vs $24.2B). Block carries the larger market value ($47.6B vs $42.0B). Block has grown revenue faster over the last 4 fiscal years (+37.0% cumulative vs +30.7%). PayPal Holdings runs the higher operating margin (18.3% vs 7.1%). PayPal Holdings trades at the lower trailing P/E (8.9x vs 62.5x).
About PayPal Holdings
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.
About Block
Block, Inc. develops technology platforms that enable individuals and businesses to manage, move, and grow their money through integrated commerce and financial services. Its main products include the Square ecosystem, which offers payment processing, software, hardware, and financial solutions for sellers, and the Cash App ecosystem, which provides consumers with tools for sending money, banking, investing, and bitcoin transactions. Block also operates TIDAL, a music streaming platform, and develops bitcoin-related hardware and software to support digital asset ownership and security.
Head to head (PYPL FY2025 vs XYZ FY2025)
| Metric | PYPLFY2025 | XYZFY2025 |
|---|---|---|
| Revenue | $33.17B | $24.19B |
| Revenue growth (YoY) | 4.3% | 0.3% |
| Gross margin | — | 42.8% |
| Operating margin | 18.3% | 7.1% |
| Net margin | 15.8% | 5.4% |
| Net income | $5.23B | $1.31B |
| Diluted EPS | $5.41 | $2.10 |
| FCF margin | 16.8% | 10.0% |
| ROE | 25.8% | 5.9% |
| Debt / equity | 0.5× | 0.3× |
| Market cap | $42.03B | $47.61B |
| P/E (TTM) | 8.9× | 62.5× |
Fundamentals are from each company’s SEC filings (PYPL FY2025, XYZ FY2025). P/E and market cap are derived from recent market prices and update daily.
Five-year trend (as reported)
| Revenue | FY2021 | FY2022 | FY2023 | FY2024 | FY2025 |
|---|---|---|---|---|---|
| PYPL | $25.37B | $27.52B | $29.77B | $31.80B | $33.17B |
| XYZ | $17.66B | $17.53B | $21.92B | $24.12B | $24.19B |
Peer standing
These companies are ranked against different peer groups (PayPal Holdings vs 424 Financials companies; Block vs 330 software companies), so each is shown against its own peers rather than on one scale.
PayPal Holdings
PayPal Holdings’s return on equity of 25.8% ranks in the 90th percentile of the 375 Financials companies reporting it.
Block
No standout rankings: Block sits mid-distribution on most reported metrics.
Short interest
| FINRA settlement data | PYPL | XYZ |
|---|---|---|
| Shares sold short | 54.9M | 16.8M |
| Change vs prior settlement | +1.0% | -17.2% |
| Days to cover | 3.05 | 2.47 |
| As of settlement | 2026-06-30 | 2026-06-30 |
Source: FINRA Consolidated Short Interest. FINRA is the owner and source of the FINRA-supplied data; republishing or redistributing it is not permitted. Not presented as a percentage of float. No FINRA endorsement of this product is implied.
Insider activity (last 90 days)
| Form 4 open-market activity | PYPL | XYZ |
|---|---|---|
| Buys | 1 ($254,537) | 0 |
| Sells | 8 ($1.2M) | 47 ($46.2M) |
Open-market purchases and sales reported on SEC Form 4 (grants, exercises and tax withholding excluded). For context, about 16% of covered companies saw any open-market insider buy in a 90-day window.
Held by the same investors
7 tracked 13F managers hold both PayPal Holdings and Block as of their latest quarterly filings: AQR Capital Management, Bridgewater Associates, Citadel Advisors, D. E. Shaw, Gotham Asset Management, Millennium Management, Two Sigma Investments. See which superinvestors hold your own portfolio with the smart money checker.
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Data sourced from SEC EDGAR (public domain). Figures are as-reported and may be unaudited or restated; verify against the source filings before relying on them. Comparisons are descriptive (higher or lower on a reported figure), not a rating or a recommendation. Informational only. Not investment advice.