PayPal

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

                    Revenue
                    FY2025
                
$33.2B
                    3y CAGR +6.4%
                    
                    P20
                    
                    +4.3%
                    
                    Net income
                    FY2025
                
$5.2B
                    Net margin +15.8%
                    
                    P30
                    
                    +26.2%
                    
                    Total assets
                    FY2025
                
$80.2B
                    ROA +6.5%
                    
                    P81
                    
                    -1.8%
                    
                    Operating cash flow
                    FY2025
                
$6.4B
                    FCF margin +16.8%
                    
                    P29
                    
                    -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 revenue.

Balance Sheet

Assets, liabilities, and equity

31 accounts · 5 years

Total assets $80.2B

Total liabilities $59.9B

Shareholders equity $20.3B

Account	2025	2024	2023	2022	2021
Assets
Cash and Cash Equivalents	24.3%	20.6%	30.5%	28.3%	20.5%
Short Term Investments	7.2%	13.4%	16.7%	11.2%	17.0%
Accounts Receivable	2.5%	3.1%	3.6%	3.5%	3.2%
Prepaid Expenses	5.5%	14.6%	8.4%	6.9%	5.1%
Other Current Assets	10.0%	10.3%	11.0%	8.9%	6.8%
Total Current Assets	180.1%	192.1%	210.2%	209.0%	207.2%
Property,Plant and Equipment	5.1%	4.7%	5.0%	6.3%	7.5%
Operating Lease Assets	1.6%	1.9%	1.3%	2.1%	2.6%
Goodwill	32.8%	34.1%	37.0%	40.7%	45.1%
Intangible Assets	0.6%	1.0%	1.8%	2.9%	5.3%
Long Term Investments	13.1%	14.4%	11.0%	18.2%	26.8%
Other Noncurrent Assets	10.0%	10.3%	11.0%	8.9%	6.8%
Total Assets	241.7%	256.7%	276.0%	286.1%	298.8%
Liabilities
Accounts Payable	0.7%	0.7%	0.5%	0.5%	0.8%
Accrued Liabilities	18.1%	26.7%	21.5%	14.7%	14.8%
Current Portion of Long Term Debt	30.1%	31.1%	32.5%	37.9%	31.7%
Operating Lease Liabilities	0.4%	0.4%	0.5%	0.5%	0.6%
Other Current Liabilities	10.5%	9.2%	10.0%	—	—
Total Current Liabilities	140.0%	152.1%	162.8%	163.9%	169.6%
Long Term Debt	30.1%	31.1%	32.5%	37.9%	31.7%
Operating Lease Liabilities Noncurrent	1.7%	2.0%	1.4%	2.1%	2.4%
Other Noncurrent Liabilities	10.5%	9.2%	10.0%	—	—
Total Liabilities	180.6%	192.5%	205.3%	212.4%	213.1%
Equity
Preferred Stock	0.0%	0.0%	0.0%	0.0%	0.0%
Common Stock	0.0%	0.0%	0.0%	0.0%	0.0%
Additional Paid In Capital	65.1%	65.1%	66.0%	66.6%	67.8%
Retained Earnings	97.9%	86.0%	77.9%	68.9%	65.2%
Treasury Stock	99.9%	85.2%	70.7%	58.4%	46.8%
Accumulated Other Comprehensive Income	-2.0%	-1.7%	-2.5%	-3.4%	-0.5%
Total Stockholders Equity	61.1%	64.2%	70.7%	73.7%	85.6%
Total Liabilitiesand Equity	241.7%	256.7%	276.0%	286.1%	298.8%

Income Statement

Revenue, expense, and profitability

16 accounts · 5 years

Revenue $33.2B

Operating income $6.1B

Net income $5.2B

Account	2025	2024	2023	2022	2021
IncomeStatement
Revenues Total Revenue	100.0%	100.0%	100.0%	100.0%	100.0%
Expenses Selling,General and Administrative	6.0%	6.8%	6.9%	7.6%	8.3%
Expenses Depreciation and Amortization	2.9%	3.2%	3.6%	4.8%	5.0%
Expenses Share Based Compensation	3.0%	3.9%	5.0%	4.6%	5.4%
Expenses Operating Expenses	81.7%	83.3%	83.1%	86.1%	83.2%
Other Income Expense Operating Income	18.3%	16.7%	16.9%	13.9%	16.8%
Other Income Expense Interest Income	1.6%	2.1%	1.6%	0.6%	0.2%
Other Income Expense Other Income/expense	-0.0%	0.0%	0.2%	-0.1%	-0.1%
Other Income Expense Income Before Tax	4.4%	3.0%	3.3%	12.2%	16.2%
Income Tax Income Tax Expense	3.2%	3.7%	3.9%	3.4%	-0.3%
net Income net Income	15.8%	13.0%	14.3%	8.8%	16.4%
net Income Comprehensive Income	15.4%	13.7%	14.9%	5.9%	17.8%
Earnings Per Share Basic Eps	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%
Earnings Per Share Weighted Average Shares Basic	2.9%	3.2%	3.7%	4.2%	4.6%
Earnings Per Share Weighted Average Shares Diluted	2.9%	3.3%	3.7%	4.2%	4.7%

Cash Flow Statement

Operating, investing, and financing flows

23 accounts · 5 years

Operating cash flow $6.4B

Investing cash flow $797.0M

Financing cash flow $-6.0B

Account	2025	2024	2023	2022	2021
CashFlow
Operating Activities net Income	15.8%	13.0%	14.3%	8.8%	16.4%
Operating Activities Depreciation and Amortization	2.9%	3.2%	3.6%	4.8%	5.0%
Operating Activities Stock Based Compensation	3.0%	3.9%	5.0%	4.6%	5.4%
Operating Activities Deferred Income Taxes	0.7%	0.7%	-2.2%	-2.9%	-1.9%
Operating Activities Changes In Operating Assets and Liabilities	-0.4%	-0.3%	0.4%	0.6%	0.9%
Operating Activities Other Non Cash Items	0.9%	0.0%	0.3%	-1.0%	-0.1%
Operating Activities net Cash From Operating Activities	19.3%	23.4%	16.3%	21.1%	22.8%
Investing Activities Capital Expenditures	2.6%	2.1%	2.1%	2.6%	3.6%
Investing Activities Purchases of Investments	61.5%	82.4%	73.8%	73.5%	158.1%
Investing Activities Other Investing Activities	0.1%	-0.8%	-0.3%	-0.7%	0.0%
Investing Activities net Cash From Investing Activities	2.4%	5.3%	2.5%	-12.1%	-20.3%
Financing Activities Proceeds From Debt	7.9%	4.9%	5.1%	12.6%	1.1%
Financing Activities Repayment of Debt	6.5%	5.2%	3.5%	6.1%	1.4%
Financing Activities Repurchase of Common Stock	18.2%	19.0%	16.8%	15.3%	13.3%
Financing Activities Dividends Paid	0.4%	0.0%	0.0%	—	—
Financing Activities Proceeds From Stock Issuance	0.4%	0.3%	0.4%	0.5%	0.6%
Financing Activities Tax Withholding On Stock Based Compensation	1.2%	1.1%	0.9%	1.2%	4.1%
Financing Activities Other Financing Activities	-0.0%	-0.2%	0.0%	0.0%	0.0%
Financing Activities net Cash From Financing Activities	-18.0%	-26.0%	-10.1%	-4.4%	-2.2%
Cash Reconciliation Effect of Exchange Rate On Cash	0.8%	-0.7%	0.3%	-0.6%	-0.4%
Cash Reconciliation net Change In Cash	4.6%	2.1%	9.0%	4.1%	-0.0%
Cash Reconciliation Cash At Beginning of Period	72.4%	70.7%	73.3%	69.6%	71.1%
Cash Reconciliation Cash At End of Period	72.4%	70.7%	73.3%	69.6%	71.1%

Key Ratios

Margins, returns, liquidity, leverage, efficiency

Computed at import · 5 years

Ratio	2025	2024	2023	2022	2021
Profitability
Gross margin	—	—	—	—	—
Operating margin	+18.3%	+16.7%	+16.9%	+13.9%	+16.8%
Net margin	+15.8%	+13.0%	+14.3%	+8.8%	+16.4%
FCF margin	+16.8%	+21.3%	+14.2%	+18.6%	+19.3%
Growth
Revenue CAGR (3y)	+6.4%	+7.8%	+11.5%	+15.7%	+18.0%
Returns
ROE	+25.8%	+20.3%	+20.2%	+11.9%	+19.2%
ROA	+6.5%	+5.1%	+5.2%	+3.1%	+5.5%
ROIC	+5.1%	+0.0%	+0.0%	+8.3%	+13.1%
Liquidity
Current ratio	1.29x	1.26x	1.29x	1.28x	1.22x
Quick ratio	0.19x	0.16x	0.21x	0.19x	0.14x
Leverage
D/E	2.96x	3.00x	2.90x	2.88x	2.49x
Interest coverage	—	—	14.49x	12.62x	18.37x
Efficiency
Asset turnover	0.41x	0.39x	0.36x	0.35x	0.33x
Cash conversion cycle	—	—	—	—	—

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