Financial statements

PayPal Holdings, Inc.

PYPL

The tables show figures PayPal Holdings, Inc. filed with the SEC, in the currency it filed in (USD). A † marks totals or quarters calculated from filed lines. Nothing here is a forecast. By fiscal year · By quarter · What moved

Latest annual figures

PayPal Holdings, Inc.: annual revenue and profit

PayPal Holdings, Inc. reported annual revenue of $33.2bn (USD) for the fiscal year ending 31 Dec 2025.

PayPal Holdings, Inc. reported annual net income of $5.2bn (USD) for the fiscal year ending 31 Dec 2025.

These are annual figures. The company report's headline twelve-month figures use an available twelve-month window from the filings and are missing when none can be calculated.

Read the PYPL company report · Browse PYPL filings on SEC EDGAR

By fiscal year

Fiscal year	Over the period	FY2025	FY2024	FY2023	FY2022	FY2021	FY2020	FY2019	FY2018	FY2017	FY2016
What it earned
RevenueWhat it sold, before any costs	+206%	$33.2bn	$31.8bn	$29.8bn	$27.5bn	$25.4bn	$21.5bn	$17.8bn	$15.5bn	$13.1bn	$10.8bn
Research & developmentSpent on developing products		—	—	—	—	—	—	—	$1.1bn	$953.0m	$834.0m
Restructuring chargesOne-off costs of closing or reorganising		—	$307.0m	$122.0m	$121.0m	$27.0m	$109.0m	$78.0m	$25.0m	—	$0
Operating profitProfit from the business itself	+282%	$6.1bn	$5.3bn	$5.0bn	$3.8bn	$4.3bn	$3.3bn	$2.7bn	$2.2bn	$2.1bn	$1.6bn
InterestPaid to lenders	+14600%	$441.0m	$382.0m	$347.0m	$304.0m	$232.0m	$209.0m	$115.0m	$77.0m	$7.0m	$3.0m
TaxPaid in tax	+360%	$1.1bn	$1.2bn	$1.2bn	$947.0m	-$70.0m	$863.0m	$539.0m	$319.0m	$405.0m	$230.0m
Net incomeWhat was left after everything	+192%	$5.2bn	$4.1bn	$4.2bn	$2.4bn	$4.2bn	$4.2bn	$2.5bn	$2.1bn	$1.8bn	—
Diluted EPSThat profit, per share	+370%	$5.41	$3.99	$3.84	$2.09	$3.52	$3.54	$2.07	$1.71	$1.47	$1.15
What it owns and owes
Cash & equivalentsCash it can spend today	+406%	$8.0bn	$6.6bn	$9.1bn	$7.8bn	$5.2bn	$4.8bn	$7.3bn	$7.6bn	$2.9bn	$1.6bn
Current assetsWhat it owns that turns to cash within a year	+132%	$59.8bn	$61.1bn	$62.6bn	$57.5bn	$52.6bn	$51.0bn	$38.5bn	$33.0bn	$32.6bn	$25.7bn
Total assetsEverything it owns	+142%	$80.2bn	$81.6bn	$82.2bn	$78.7bn	$75.8bn	$70.4bn	$51.3bn	$43.3bn	$40.8bn	$33.1bn
Current liabilitiesWhat it owes within a year	+175%	$46.4bn	$48.4bn	$48.5bn	$45.1bn	$43.0bn	$38.4bn	$26.9bn	$25.9bn	$22.9bn	$16.9bn
Total liabilitiesEverything it owes	+226%	$59.9bn	$61.2bn	$61.1bn	$58.4bn	$54.1bn	$50.3bn	$34.4bn	$27.9bn	$24.8bn	$18.4bn
Long-term debtBorrowing due later		$10.0bn	$9.9bn	$9.7bn	$10.4bn	$8.0bn	$8.9bn	$5.0bn	$0	—	—
Total debtBoth kinds of borrowing together		$10.0bn^†	$9.9bn^†	$9.7bn^†	$10.4bn^†	$8.0bn^†	$8.9bn^†	$5.0bn^†	$0^†	—	—
Shareholders’ equityWhat would be left for owners if it paid off everything	+38%	$20.3bn	$20.4bn	$21.1bn	$20.3bn	$21.7bn	$20.0bn	$16.9bn	$15.4bn	$16.0bn	$14.7bn
Where the cash went
Cash from operationsCash the business itself brought in	+103%	$6.4bn	$7.5bn	$4.8bn	$5.8bn	$6.3bn	$5.9bn	$4.6bn	$5.5bn	$2.5bn	$3.2bn
Cash from investingCash spent on or raised from investments		$797.0m	$1.6bn	$752.0m	-$3.4bn	-$5.5bn	-$16.2bn	-$5.7bn	$840.0m	-$5.4bn	-$5.0bn
Cash from financingCash raised from or returned to lenders and owners	-392%	-$6.0bn	-$8.3bn	-$3.0bn	-$1.1bn	-$764.0m	$12.5bn	$3.7bn	-$1.3bn	$4.1bn	$2.0bn
Spending on property & equipmentSpent on property and equipment	+27%	$852.0m	$683.0m	$623.0m	$706.0m	$908.0m	$866.0m	$704.0m	$823.0m	$667.0m	$669.0m
Depreciation & amortisationWear on what it owns, counted as a cost	+33%	$963.0m	$1.0bn	$1.1bn	$1.3bn	$1.3bn	$1.2bn	$912.0m	$776.0m	$805.0m	$724.0m
Debt raisedBorrowed during the period	+47%	$2.6bn	$1.5bn	$1.5bn	$3.5bn	$272.0m	$7.0bn	$5.5bn	$2.1bn	$1.8bn	—
Debt repaidPaid back during the period	+10162%	$2.2bn	$1.7bn	$1.1bn	$1.7bn	$361.0m	$3.0bn	$2.5bn	$1.1bn	$980.0m	$21.0m
AcquisitionsSpent buying other businesses		—	—	$0	$0	$2.8bn	$3.6bn	$70.0m	$2.1bn	$323.0m	$19.0m

† Worked out by us, not filed on its own. Total debt combines filed long-term debt with current debt when reported separately.

By quarter

Quarter ending	Over the period	31 Mar 2026	31 Dec 2025	30 Sept 2025	30 Jun 2025	31 Mar 2025	31 Dec 2024	30 Sept 2024	30 Jun 2024	31 Mar 2024	31 Dec 2023	30 Sept 2023	30 Jun 2023
What it earned
RevenueWhat it sold, before any costs	+15%	$8.4bn	$8.7bn^†	$8.4bn	$8.3bn	$7.8bn	$8.4bn^†	$7.8bn	$7.9bn	$7.7bn	$8.0bn^†	$7.4bn	$7.3bn
Restructuring chargesOne-off costs of closing or reorganising		—	—	—	—	$39.0m	$13.0m^†	$36.0m	$83.0m	$175.0m	$2.0m^†	$3.0m	$0
Operating profitProfit from the business itself	+31%	$1.5bn	$1.5bn^†	$1.5bn	$1.5bn	$1.5bn	$1.4bn^†	$1.4bn	$1.3bn	$1.2bn	$1.7bn^†	$1.2bn	$1.1bn
InterestPaid to lenders	+28%	$111.0m	$111.0m^†	$113.0m	$114.0m	$103.0m	$97.0m^†	$106.0m	$93.0m	$86.0m	$87.0m^†	$86.0m	$87.0m
TaxPaid in tax	+2%	$280.0m	$190.0m^†	$285.0m	$268.0m	$316.0m	$289.0m^†	$301.0m	$271.0m	$321.0m	$391.0m^†	$221.0m	$274.0m
Net incomeWhat was left after everything	+8%	$1.1bn	$1.4bn^†	$1.2bn	$1.3bn	$1.3bn	$1.1bn^†	$1.0bn	$1.1bn	$888.0m	$1.4bn^†	$1.0bn	$1.0bn
Diluted EPSThat profit, per share	+32%	$1.21	$1.53^†	$1.30	$1.29	$1.29	$1.10^†	$0.99	$1.08	$0.83	$1.29^†	$0.93	$0.92
What it owns and owes
Cash & equivalentsCash it can spend today	+27%	$7.0bn	$8.0bn	$9.0bn	$6.7bn	$7.4bn	$6.6bn	$7.3bn	$7.7bn	$9.7bn	$9.1bn	$6.8bn	$5.5bn
Current assetsWhat it owns that turns to cash within a year	+11%	$60.0bn	$59.8bn	$60.2bn	$59.9bn	$60.6bn	$61.1bn	$62.7bn	$63.0bn	$63.7bn	$62.6bn	$56.6bn	$54.1bn
Total assetsEverything it owns	+8%	$80.5bn	$80.2bn	$79.8bn	$79.8bn	$81.3bn	$81.6bn	$83.5bn	$84.0bn	$83.3bn	$82.2bn	$76.4bn	$74.6bn
Current liabilitiesWhat it owes within a year	+14%	$47.6bn	$46.4bn	$44.9bn	$45.0bn	$46.6bn	$48.4bn	$50.3bn	$50.7bn	$49.8bn	$48.5bn	$43.4bn	$41.8bn
Total liabilitiesEverything it owes	+10%	$60.5bn	$59.9bn	$59.6bn	$59.6bn	$61.0bn	$61.2bn	$63.3bn	$63.4bn	$62.6bn	$61.1bn	$56.7bn	$54.9bn
Long-term debtBorrowing due later	-11%	$9.4bn	$10.0bn	$11.3bn	$11.3bn	$11.4bn	$9.9bn	$10.0bn	$9.7bn	$9.7bn	$9.7bn	$10.6bn	$10.5bn
Total debtBoth kinds of borrowing together	-11%	$9.4bn^†	$10.0bn^†	$11.3bn^†	$11.3bn^†	$11.4bn^†	$9.9bn^†	$10.0bn^†	$9.7bn^†	$9.7bn^†	$9.7bn^†	$10.6bn^†	$10.5bn^†
Shareholders’ equityWhat would be left for owners if it paid off everything	+2%	$20.0bn	$20.3bn	$20.2bn	$20.2bn	$20.3bn	$20.4bn	$20.2bn	$20.6bn	$20.7bn	$21.1bn	$19.7bn	$19.7bn
Where the cash went
Cash from operationsCash the business itself brought in		$1.1bn	$2.4bn^†	$2.0bn^†	$898.0m^†	$1.2bn	$2.4bn^†	$1.6bn^†	$1.5bn^†	$1.9bn	$2.6bn^†	$1.3bn^†	-$200.0m^†
Cash from investingCash spent on or raised from investments	-235%	-$2.1bn	-$298.0m^†	$4.8bn^†	-$20.0m^†	-$3.7bn	$2.5bn^†	$2.8bn^†	-$4.6bn^†	$980.0m	-$534.0m^†	-$307.0m^†	$1.6bn^†
Cash from financingCash raised from or returned to lenders and owners		-$559.0m	-$1.9bn^†	-$1.8bn^†	-$3.2bn^†	$994.0m	-$3.6bn^†	-$2.5bn^†	$200.0m^†	-$2.4bn	$3.0bn^†	$61.0m^†	-$3.4bn^†
Spending on property & equipmentSpent on property and equipment	+54%	$231.0m	$194.0m^†	$256.0m^†	$206.0m^†	$196.0m	$203.0m^†	$169.0m^†	$157.0m^†	$154.0m	$145.0m^†	$158.0m^†	$150.0m^†
Depreciation & amortisationWear on what it owns, counted as a cost	-12%	$238.0m	$234.0m^†	$245.0m^†	$239.0m^†	$245.0m	$249.0m^†	$255.0m^†	$263.0m^†	$265.0m	$263.0m^†	$270.0m^†	$269.0m^†
Debt raisedBorrowed during the period	+44%	$930.0m	$400.0m^†	$746.0m^†	$0^†	$1.5bn	$0^†	$132.0m^†	$1.3bn^†	$115.0m	$699.0m^†	$109.0m^†	$648.0m^†
Debt repaidPaid back during the period	-1%	$932.0m	$201.0m^†	$747.0m^†	$1.2bn^†	$0	$1.3bn^†	$0^†	$52.0m^†	$359.0m	$111.0m^†	$0^†	$937.0m^†
AcquisitionsSpent buying other businesses		$122.0m	—	—	—	$0	—	—	—	—	—	—	—

† Worked out by us, not filed on its own. Total debt combines filed long-term debt with current debt when reported separately. For other marked lines, the company reports from the start of its year, so the quarter is one running total less the one before it.

What moved

The largest movements in the tables above, with what else moved alongside them. Anything filed near a movement is listed as having been filed near it — that is a date, not a cause.

Revenue rose in each of the last 9 fiscal years

By the numbersOver the same period: operating profit rose 13.9% to $6.1bn.

Also filed around then

17 Nov 2025 — a new direct financial obligation
14 Nov 2025 — a new direct financial obligation
3 Feb 2026 — departure or appointment of an officer or director
17 Nov 2025 — entry into a material agreement

Total debt fell in each of the last 4 quarters

By the numbersOver the same period: cash from operations fell 52.4% to $1.1bn, debt repaid rose 363.7% to $932.0m, debt raised rose 132.5% to $930.0m, spending on property & equipment rose 19.1% to $231.0m.

Also filed around then

17 Nov 2025 — a new direct financial obligation
30 Apr 2026 — departure or appointment of an officer or director
25 Mar 2026 — departure or appointment of an officer or director
3 Feb 2026 — departure or appointment of an officer or director

Shareholders’ equity fell in each of the last 2 fiscal years

By the numbersOver the same period: net income rose 26.2% to $5.2bn, total debt rose 1.1% to $10.0bn.

Also filed around then

17 Nov 2025 — a new direct financial obligation
14 Nov 2025 — a new direct financial obligation
3 Feb 2026 — departure or appointment of an officer or director
17 Nov 2025 — entry into a material agreement

Where this came from

Prices: licensed end-of-day data from Tiingo.
Figures: as filed with the SEC (XBRL facts), for the period ending 2026-03-31.
Calculated figures marked †: total debt combines filed long-term debt with current debt when reported separately; some quarters subtract the prior running total from the latest one.
Built 12 Sept 2026. Reports are rebuilt every night while readers are reading them.