PayPal

Financials Transaction & Payment Processing Services San Jose, California Last filing Feb 3, 2026 · FY2025

                    Revenue
                    FY2025
                
$33.2B
                    3y CAGR +6.4%
                    
                    P14
                    
                    +4.3%
                    
                    Net income
                    FY2025
                
$5.2B
                    Net margin +15.8%
                    
                    P14
                    
                    +26.2%
                    
                    Total assets
                    FY2025
                
$80.2B
                    ROA +6.5%
                    
                    P81
                    
                    -1.8%
                    
                    Operating cash flow
                    FY2025
                
$6.4B
                    FCF margin +16.8%
                    
                    P18
                    
                    -13.9%

13 yrs · FY2013–FY2025 9 filed · 0 derived · 0 blank

1Y 3Y 5Y 10Y

Dollars % of revenue % of assets YoY % CAGR

Each cell as a share of that year’s total assets.

Balance Sheet

Assets, liabilities, and equity

27 accounts · 10 years

Total assets $80.2B

Total liabilities $59.9B

Shareholders equity $20.3B

Account	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016
Assets
Cash and Cash Equivalents	10.0%	8.0%	11.1%	9.9%	6.9%	6.8%	14.3%	17.5%	7.1%	4.8%
Short Term Investments	3.0%	5.2%	6.1%	3.9%	5.7%	11.8%	6.6%	3.5%	6.9%	10.2%
Accounts Receivable	48.7%	47.4%	48.7%	47.4%	48.7%	48.3%	44.7%	47.0%	45.4%	44.0%
Prepaid Expenses	2.3%	5.7%	3.1%	2.4%	1.7%	1.6%	1.6%	2.2%	1.7%	2.5%
Other Current Assets	10.6%	8.5%	7.3%	9.4%	6.4%	3.9%	7.7%	5.8%	18.9%	16.2%
Total Current Assets	74.5%	74.9%	76.1%	73.1%	69.4%	72.5%	75.0%	76.1%	80.1%	77.7%
Property,Plant and Equipment	2.1%	1.8%	1.8%	2.2%	2.5%	2.6%	3.3%	4.0%	3.7%	4.5%
Goodwill	13.6%	13.3%	13.4%	14.2%	15.1%	13.0%	12.1%	14.5%	10.6%	12.3%
Intangible Assets	0.3%	0.4%	0.7%	1.0%	1.8%	1.5%	1.5%	1.9%	0.4%	0.6%
Long Term Investments	5.4%	5.6%	4.0%	6.4%	9.0%	8.7%	5.6%	2.2%	4.8%	4.6%
Other Noncurrent Assets	4.1%	4.0%	4.0%	3.1%	2.3%	1.9%	2.5%	1.3%	0.3%	0.2%
Total Assets	100.0%	100.0%	100.0%	100.0%	100.0%	100.0%	100.0%	100.0%	100.0%	100.0%
Liabilities
Accounts Payable	0.3%	0.3%	0.2%	0.2%	0.3%	0.4%	0.5%	0.6%	0.6%	0.6%
Accrued Liabilities	7.5%	10.4%	7.8%	6.2%	5.3%	3.9%	4.2%	4.8%	4.6%	4.6%
Other Current Liabilities	50.1%	48.6%	51.0%	51.0%	51.2%	50.3%	47.8%	49.8%	48.4%	45.8%
Total Current Liabilities	57.9%	59.3%	59.0%	57.3%	56.8%	54.6%	52.4%	59.8%	56.1%	51.0%
Long Term Debt	12.5%	12.1%	11.8%	13.2%	10.6%	12.7%	9.7%	0.0%	—	—
Other Noncurrent Liabilities	4.3%	3.6%	3.6%	—	—	—	—	—	—	4.6%
Total Liabilities	74.7%	75.0%	74.4%	74.2%	71.3%	71.5%	67.0%	64.5%	60.8%	55.6%
Equity
Preferred Stock	0.0%	0.0%	0.0%	0.0%	0.0%	0.0%	0.0%	0.0%	—	—
Common Stock	0.0%	0.0%	0.0%	0.0%	0.0%	0.0%	0.0%	0.0%	0.0%	0.0%
Additional Paid In Capital	26.9%	25.4%	23.9%	23.3%	22.7%	23.6%	30.4%	34.5%	35.1%	41.0%
Retained Earnings	40.5%	33.5%	28.2%	24.1%	21.8%	17.6%	16.3%	13.6%	9.4%	6.3%
Treasury Stock	41.3%	33.2%	25.6%	20.4%	15.7%	12.1%	13.4%	12.7%	4.9%	3.0%
Accumulated Other Comprehensive Income	-0.8%	-0.7%	-0.9%	-1.2%	-0.2%	-0.7%	-0.3%	0.2%	-0.3%	0.2%
Total Stockholders Equity	25.3%	25.0%	25.6%	25.8%	28.7%	28.4%	32.9%	35.5%	39.2%	44.4%
Total Liabilitiesand Equity	100.0%	100.0%	100.0%	100.0%	100.0%	100.0%	100.0%	100.0%	100.0%	100.0%

Income Statement

Revenue, expense, and profitability

13 accounts · 10 years

Revenue $33.2B

Operating income $6.1B

Net income $5.2B

Account	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016
IncomeStatement
Revenues Total Revenue	41.4%	39.0%	36.2%	35.0%	33.5%	30.5%	34.6%	35.7%	32.1%	32.8%
Expenses Research and Development	3.9%	3.7%	3.6%	4.1%	4.0%	3.8%	4.1%	4.2%	4.3%	2.5%
Expenses Selling,General and Administrative	7.4%	7.2%	7.0%	8.2%	8.8%	8.1%	9.2%	9.8%	9.0%	9.9%
Expenses Other Operating Expenses	22.5%	21.5%	19.5%	17.7%	15.1%	13.9%	16.1%	16.5%	13.6%	13.4%
Expenses Operating Expenses	33.8%	32.4%	30.1%	30.1%	27.8%	25.8%	29.3%	30.6%	26.9%	28.0%
Other Income Expense Operating Income	7.6%	6.5%	6.1%	4.9%	5.6%	4.7%	5.3%	5.1%	5.2%	4.8%
Income Tax Income Tax Expense	1.3%	1.4%	1.4%	1.2%	-0.1%	1.2%	1.1%	0.7%	1.0%	0.7%
net Income Other Items Below Tax	0.3%	0.0%	0.5%	-0.6%	-0.2%	2.5%	0.5%	0.4%	—	—
net Income net Income	6.5%	5.1%	5.2%	3.1%	5.5%	6.0%	4.8%	4.7%	4.4%	4.2%
net Income Comprehensive Income	6.4%	5.3%	5.4%	2.1%	6.0%	5.5%	4.3%	5.3%	3.9%	4.4%
Earnings Per Share Basic Eps	0.0%	0.0%	0.0%	0.0%	0.0%	0.0%	0.0%	0.0%	0.0%	0.0%
Earnings Per Share Diluted Eps	0.0%	0.0%	0.0%	0.0%	0.0%	0.0%	0.0%	0.0%	0.0%	0.0%
Earnings Per Share Weighted Average Shares Diluted	1.2%	1.3%	1.3%	1.5%	1.6%	1.7%	2.3%	2.8%	3.0%	3.7%

Cash Flow Statement

Operating, investing, and financing flows

23 accounts · 10 years

Operating cash flow $6.4B

Investing cash flow $797.0M

Financing cash flow $-6.0B

Account	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016
CashFlow
Operating Activities net Income	6.5%	5.1%	5.2%	3.1%	5.5%	6.0%	4.8%	4.7%	4.4%	4.2%
Operating Activities Depreciation and Amortization	1.2%	1.3%	1.3%	1.7%	1.7%	1.7%	1.8%	1.8%	2.0%	2.2%
Operating Activities Stock Based Compensation	1.2%	1.5%	1.8%	1.6%	1.8%	2.0%	2.0%	2.0%	1.8%	1.3%
Operating Activities Deferred Income Taxes	0.3%	0.3%	-0.8%	-1.0%	-0.6%	0.2%	-0.5%	-0.4%	-3.2%	0.2%
Operating Activities Changes In Operating Assets and Liabilities	-47.1%	-30.7%	-15.6%	-0.6%	-2.2%	-0.8%	-2.1%	1.4%	-1.4%	-1.5%
Operating Activities Other Non Cash Items	45.9%	31.7%	14.0%	2.6%	1.5%	-0.2%	2.0%	3.1%	2.6%	3.1%
Operating Activities net Cash From Operating Activities	8.0%	9.1%	5.9%	7.4%	7.6%	8.8%	7.9%	12.6%	6.2%	9.5%
Investing Activities Capital Expenditures	-1.1%	-0.8%	-0.8%	-0.9%	-1.2%	-1.2%	-1.4%	-1.9%	-1.6%	-2.0%
Investing Activities Business Acquisitions	0.0%	0.0%	0.6%	0.0%	-3.6%	-5.1%	-0.1%	-4.9%	-0.8%	-0.1%
Investing Activities Purchases of Investments	-25.7%	-32.6%	-26.8%	-25.7%	-52.9%	-59.0%	-54.3%	-51.7%	-47.6%	-63.6%
Investing Activities Proceeds From Sale of Investments	29.0%	33.5%	29.6%	29.7%	52.4%	43.9%	48.5%	50.5%	45.2%	55.7%
Investing Activities Other Investing Activities	-1.2%	2.1%	-1.7%	-7.4%	-1.4%	-2.1%	-3.8%	9.8%	-8.3%	-5.1%
Investing Activities net Cash From Investing Activities	1.0%	2.1%	0.9%	-4.2%	-6.8%	-23.5%	-11.2%	1.9%	-13.1%	-15.1%
Financing Activities Proceeds From Debt	7.0%	2.7%	1.9%	4.4%	0.4%	9.9%	10.7%	4.8%	2.0%	-0.1%
Financing Activities Repayment of Debt	-6.4%	-2.8%	-1.3%	-2.1%	-0.5%	-4.3%	-4.9%	-2.6%	—	—
Financing Activities Repurchase of Common Stock	-7.5%	-7.4%	-6.1%	-5.3%	-4.5%	-2.3%	-2.7%	-8.1%	-2.5%	-3.0%
Financing Activities Dividends Paid	-0.2%	0.0%	0.0%	—	—	—	—	—	—	—
Financing Activities Proceeds From Stock Issuance	0.1%	0.1%	0.2%	0.2%	0.2%	0.2%	0.3%	0.3%	0.4%	0.3%
Financing Activities Tax Withholding On Stock Based Compensation	-0.5%	-0.4%	-0.3%	-0.4%	-1.4%	-0.7%	-1.0%	-1.0%	-0.4%	-0.4%
Financing Activities Other Financing Activities	0.0%	-2.3%	2.0%	1.8%	5.0%	14.9%	5.9%	3.7%	10.5%	9.3%
Financing Activities net Cash From Financing Activities	-7.4%	-10.1%	-3.6%	-1.5%	-0.7%	17.7%	8.2%	-2.9%	10.0%	6.2%
Cash Reconciliation Effect of Exchange Rate On Cash	0.3%	-0.3%	0.1%	-0.2%	-0.1%	0.2%	-0.0%	-0.3%	0.1%	0.0%
Cash Reconciliation net Change In Cash	1.9%	0.8%	3.3%	1.4%	-0.0%	3.3%	4.9%	11.4%	3.2%	0.6%

Key Ratios

Margins, returns, liquidity, leverage, efficiency

Computed at import · 10 years

Ratio	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016
Profitability
Gross margin	—	—	—	—	—	—	—	—	—	—
Operating margin	+18.3%	+16.7%	+16.9%	+13.9%	+16.8%	+15.3%	+15.3%	+14.2%	+16.2%	+14.6%
Net margin	+15.8%	+13.0%	+14.3%	+8.8%	+16.4%	+19.6%	+13.8%	+13.3%	+13.7%	+12.9%
FCF margin	+16.8%	+21.3%	+14.2%	+18.6%	+19.3%	+25.0%	+18.9%	+30.1%	+14.2%	+23.0%
Growth
Revenue CAGR (3y)	+6.4%	+7.8%	+11.5%	+15.7%	+18.0%	+17.9%	+17.9%	+18.7%	+17.7%	+17.2%
Returns
ROE	+25.8%	+20.3%	+20.2%	+11.9%	+19.2%	+21.0%	+14.6%	+13.4%	+11.2%	+9.5%
ROA	+6.5%	+5.1%	+5.2%	+3.1%	+5.5%	+6.0%	+4.8%	+4.7%	+4.4%	+4.2%
ROIC	+27.3%	+22.4%	+23.2%	+16.7%	+17.3%	+13.6%	+18.8%	+22.4%	+12.3%	—
Liquidity
Current ratio	1.29x	1.26x	1.29x	1.28x	1.22x	1.33x	1.43x	1.27x	1.43x	1.52x
Quick ratio	1.01x	0.93x	1.01x	1.00x	0.98x	1.01x	1.13x	1.08x	0.94x	0.96x
Leverage
D/E	2.96x	3.00x	2.90x	2.88x	2.49x	2.51x	2.04x	1.82x	1.55x	1.25x
Interest coverage	—	—	—	—	—	—	—	—	—	—
Efficiency
Asset turnover	0.41x	0.39x	0.36x	0.35x	0.33x	0.30x	0.35x	0.36x	0.32x	0.33x
Cash conversion cycle	—	—	—	—	—	—	—	—	—	—

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