PYPL Financials PayPal

13 years of revenue, profit, cash flow and balance-sheet history through FY2025, from SEC filings — with a computed, factual read of the trend. Updated 28 h ago Overview →

Growth & profitability

Revenue has grown 9.1% per year over the past 5 years.
Net income has grown slower than revenue (4.5% vs 9.1% per year).
Operating margin has expanded, at 18.3% in the latest year.
Free cash flow has grown 0.8% per year over the past 5 years.

Financial health

Total debt ($10.0B) exceeds cash ($8.0B); net debt is $1.9B.
Total debt has grown slower than revenue (2.2% vs 9.1% per year).
Operating income covered interest expense 14× in the latest year.
Total debt is 1.4× EBITDA.

Shareholder returns

Dividends have been paid for 1 consecutive year, consuming 2.5% of earnings and 2.3% of free cash flow.

Revenue & net income

RevenueNet income

Margins (gross / operating / net)

GrossOperatingNet

Free cash flow (CFO − capex)

Free cash flow

Cash vs total debt

CashTotal debt

Cash flow: operating / investing / financing

OperatingInvestingFinancing

Key annual figures

FY	Revenue	Net income	Gross M	Op M	FCF	Total debt	Cash
2025	$33.2B	$5.2B	0.0%	18.3%	$5.6B	$10.0B	$8.0B
2024	$31.8B	$4.1B	0.0%	16.7%	$6.8B	$9.9B	$6.7B
2023	$29.8B	$4.2B	0.0%	16.9%	$4.2B	$9.7B	$9.1B
2022	$27.5B	$2.4B	0.0%	13.9%	$5.1B	$10.4B	$7.8B
2021	$25.4B	$4.2B	0.0%	16.8%	$4.9B	$8.0B	$5.2B
2020	$21.5B	$4.2B	0.0%	15.3%	$5.4B	$8.9B	$4.8B
2019	$17.8B	$2.5B	0.0%	15.3%	$3.4B	$5.0B	$7.3B
2018	$15.5B	$2.1B	0.0%	14.2%	$4.7B	$0	$7.6B
2017	—	$1.8B	—	—	$1.9B	—	$2.9B
2016	—	$1.4B	—	—	$2.5B	—	$1.6B
2015	—	$1.2B	—	—	$1.8B	—	$1.4B
2014	—	$419M	—	—	$1.7B	—	$2.2B
2013	—	$955M	—	—	$1.6B	—	$1.6B

Revenue & net income

RevenueNet income

Margins (gross / operating / net)

GrossOperatingNet

Free cash flow (CFO − capex, quarterly)

Free cash flow

Cash vs total debt

CashTotal debt

Cash flow: operating / investing / financing

OperatingInvestingFinancing

Key quarterly figures

Quarter	Revenue	Net income	Gross M	Op M	FCF	Total debt	Cash
Mar '26	$8.4B	$1.1B	0.0%	17.8%	$903M	$10.9B	$7.0B
Dec '25	$8.7B	$1.4B	0.0%	17.4%	$2.2B	$10.0B	$8.0B
Sep '25	$8.4B	$1.2B	0.0%	18.1%	$1.7B	$11.3B	$9.0B
Jun '25	$8.3B	$1.3B	0.0%	18.1%	$692M	$11.3B	$6.7B
Mar '25	$7.8B	$1.3B	0.0%	19.6%	$964M	$11.4B	$7.6B
Dec '24	$8.4B	$1.1B	0.0%	17.2%	$2.2B	$9.9B	$6.7B
Sep '24	$7.8B	$1.0B	0.0%	17.7%	$1.4B	$10.0B	$7.4B
Jun '24	$7.9B	$1.1B	0.0%	16.8%	$1.4B	$9.7B	$7.8B
Mar '24	$7.7B	$888M	0.0%	15.2%	$1.8B	$9.7B	$9.7B
Dec '23	$8.0B	$1.4B	0.0%	21.5%	$2.5B	$9.7B	$9.1B
Sep '23	$7.4B	$1.0B	0.0%	15.7%	$1.1B	$10.6B	$6.8B
Jun '23	$7.3B	$1.0B	0.0%	15.5%	-$350M	$10.5B	$5.5B
Mar '23	$7.0B	$795M	0.0%	14.2%	$1.0B	$10.5B	$7.1B
Dec '22	$7.4B	$921M	0.0%	16.8%	$1.4B	$10.4B	$7.8B
Sep '22	$6.8B	$1.3B	0.0%	16.3%	$1.6B	$10.2B	$6.7B
Jun '22	$6.8B	-$341M	0.0%	11.2%	$1.1B	$10.2B	$4.6B
Mar '22	$6.5B	$509M	0.0%	11.0%	$1.0B	$8.2B	$4.9B
Dec '21	$6.9B	$801M	0.0%	15.2%	$1.0B	$8.0B	$5.2B
Sep '21	$6.2B	$1.1B	0.0%	16.9%	$1.3B	$7.9B	$7.8B
Jun '21	$6.2B	$1.2B	0.0%	18.1%	$1.1B	$8.9B	$5.7B

Valuation over time

How the market has priced PYPL against its own fundamentals since 2023-03 — each month-end's share price set against the most recent annual filing, so the multiple moves as price runs ahead of (or behind) earnings. Split-adjusted.

The price-to-earnings ratio has fallen from 27.7× (Mar '23) to 7.1× (Jun '26).
The price-to-sales ratio has fallen from 2.4× (Mar '23) to 1.1× (Jun '26).
The dividend yield has risen from 0.3% (Dec '25) to 0.3% (Jun '26).

Price / earnings (P/E)

P/E

Price / sales (P/S)

P/S

Dividend yield (%)

Dividend yield %

Frequently asked questions

Is PYPL growing its revenue and profit?

Over the past 5 years, PayPal's revenue has grown 9.1% per year, and net income grown 4.5% per year. These are computed facts, not advice.

How much debt does PYPL have?

As of FY2025, PayPal reported $10.0B of total debt against $8.0B of cash; operating income covered interest expense 14×.

What is PYPL's profit margin?

In FY2025, gross margin was —, operating margin 18.3%, and net margin 15.8%.

What is PYPL's P/E ratio?

As of Jun '26, PayPal traded at a price-to-earnings ratio of about 7.1× (market cap ÷ latest annual net income). The valuation charts above show how its P/E, P/S and dividend yield have moved with the share price. These are computed facts, not advice.

Where does this data come from?

All figures are extracted from the company’s SEC EDGAR/XBRL filings — 10-K annual reports and 10-Q quarterly reports (use the Annual / Quarterly toggle). Quarterly figures are derived from the as-filed statements (year-to-date amounts are differenced into discrete quarters). Growth rates and ratios are computed by tradmap; nothing here is investment advice.

Source: SEC EDGAR / XBRL (10-K + 10-Q filings) · prices EOD (Databento), corporate-action-adjusted · growth rates, valuation multiples & ratios computed by tradmap. Valuation uses each month-end price against the latest annual filing. Informational only — not investment advice.