PayPal (PYPL) Financials

$72.61 +0.29 (+0.40%)

As of 05/20/2025 04:00 PM Eastern

Annual Income Statements for PayPal

This table shows PayPal's income and expenses over time, based on annual financial data. All values are USD millions unless otherwise specified.

Metric	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
Period end date	12/31/2024	12/31/2023	12/31/2022	12/31/2021	12/31/2020	12/31/2019	12/31/2018	12/31/2017	12/31/2016	12/31/2015
Net Income / (Loss) Attributable to Common Shareholders	4,147	4,246	2,419	4,169	4,202	2,459	2,057	1,795	1,401	1,228
Consolidated Net Income / (Loss)	4,147	4,246	2,419	4,169	4,202	2,459	2,057	1,795	1,401	1,228
Net Income / (Loss) Continuing Operations	4,147	4,246	2,419	4,169	4,202	2,459	2,057	1,795	1,401	1,228
Total Pre-Tax Income	5,329	5,411	3,366	4,099	5,065	2,998	2,376	2,200	1,631	1,488
Total Operating Income	5,325	5,028	3,837	4,262	3,289	2,719	2,194	2,127	1,586	1,461
Total Gross Profit	31,797	29,771	27,518	25,371	21,454	17,772	15,451	13,094	10,842	9,248
Total Revenue	31,797	29,771	27,518	25,371	21,454	17,772	15,451	13,094	10,842	9,248
Operating Revenue	31,797	29,771	27,518	25,371	21,454	17,772	15,451	13,094	10,842	9,248
Total Cost of Revenue	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Total Operating Expenses	26,472	24,743	23,681	21,109	18,165	15,053	13,257	10,967	9,256	7,787
Selling, General & Admin Expense	2,147	2,059	2,099	2,114	2,070	1,711	1,850	1,390	1,028	921
Marketing Expense	2,001	1,809	2,257	2,445	1,861	1,401	1,314	1,142	969	937
Research & Development Expense	2,979	2,973	3,253	3,038	2,642	2,085	1,831	1,740	834	792
Other Operating Expenses / (Income)	18,907	17,986	15,865	13,450	11,453	9,785	8,262	6,695	5,701	4,529
Restructuring Charge	438	-	-	-	139	71	-	-	-	-
Total Other Income / (Expense), net	4.00	383	-471	-163	1,776	279	182	73	45	27
Other Income / (Expense), net	4.00	383	-471	-163	1,776	279	182	73	45	27
Income Tax Expense	1,182	1,165	947	-70	863	539	319	405	230	260
Basic Earnings per Share	$4.03	$3.85	$2.10	$3.55	$3.58	$2.09	$1.74	$1.49	$1.16	$1.00
Weighted Average Basic Shares Outstanding	1.03B	1.10B	1.15B	1.17B	1.17B	1.17B	1.18B	1.20B	1.21B	1.22B
Diluted Earnings per Share	$3.99	$3.84	$2.09	$3.52	$3.54	$2.07	$1.71	$1.47	$1.15	$1.00
Weighted Average Diluted Shares Outstanding	1.04B	1.11B	1.16B	1.19B	1.19B	1.19B	1.20B	1.22B	1.22B	1.23B
Weighted Average Basic & Diluted Shares Outstanding	989.24M	1.07B	1.13B	1.17B	1.17B	1.17B	1.17B	1.20B	1.21B	1.22B

This table shows PayPal's income and expenses over time, based on quarterly financial data. All values are USD millions unless otherwise specified.

Metric	Q1 2025	Q4 2024	Q3 2024	Q2 2024	Q1 2024	Q4 2023	Q3 2023	Q2 2023	Q1 2023	Q4 2022	Q3 2022
Period end date	3/31/2025	12/31/2024	9/30/2024	6/30/2024	3/31/2024	12/31/2023	9/30/2023	6/30/2023	3/31/2023	12/31/2022	9/30/2022
Net Income / (Loss) Attributable to Common Shareholders	1,287	1,121	1,010	1,128	888	1,402	1,020	1,029	795	921	1,330
Consolidated Net Income / (Loss)	1,287	1,121	1,010	1,128	888	1,402	1,020	1,029	795	921	1,330
Net Income / (Loss) Continuing Operations	1,287	1,121	1,010	1,128	888	1,402	1,020	1,029	795	921	1,330
Total Pre-Tax Income	1,603	1,410	1,311	1,399	1,209	1,793	1,241	1,303	1,074	1,110	1,578
Total Operating Income	1,530	1,441	1,391	1,325	1,168	1,728	1,168	1,133	999	1,244	1,118
Total Gross Profit	7,791	8,366	7,847	7,885	7,699	8,026	7,418	7,287	7,040	7,383	6,846
Total Revenue	7,791	8,366	7,847	7,885	7,699	8,026	7,418	7,287	7,040	7,383	6,846
Operating Revenue	7,791	8,366	7,847	7,885	7,699	8,026	7,418	7,287	7,040	7,383	6,846
Total Cost of Revenue	0.00	-	0.00	0.00	0.00	-	0.00	0.00	0.00	-	0.00
Total Operating Expenses	6,261	6,925	6,456	6,560	6,531	6,298	6,250	6,154	6,041	6,139	5,728
Selling, General & Admin Expense	503	594	519	570	464	554	507	491	507	515	463
Marketing Expense	488	626	508	446	421	466	442	465	436	524	544
Research & Development Expense	731	773	746	718	742	770	739	743	721	822	801
Other Operating Expenses / (Income)	4,473	4,882	4,620	4,713	4,692	4,819	4,523	4,431	4,213	4,253	3,864
Restructuring Charge	66	-	-	113	212	-	-	-	164	-	56
Total Other Income / (Expense), net	73	-31	-80	74	41	65	73	170	75	-134	460
Other Income / (Expense), net	73	-31	-80	74	41	65	73	170	75	-134	460
Income Tax Expense	316	289	301	271	321	391	221	274	279	189	248
Basic Earnings per Share	$1.31	$1.12	$1.00	$1.08	$0.83	$1.29	$0.93	$0.93	$0.70	$0.80	$1.15
Weighted Average Basic Shares Outstanding	986M	1.03B	1.02B	1.04B	1.06B	1.10B	1.09B	1.11B	1.13B	1.15B	1.15B
Diluted Earnings per Share	$1.29	$1.09	$0.99	$1.08	$0.83	$1.29	$0.93	$0.92	$0.70	$0.80	$1.15
Weighted Average Diluted Shares Outstanding	999M	1.04B	1.02B	1.05B	1.07B	1.11B	1.10B	1.11B	1.13B	1.16B	1.16B
Weighted Average Basic & Diluted Shares Outstanding	972.53M	989.24M	1.00B	1.02B	1.05B	1.07B	1.08B	1.10B	1.12B	1.13B	1.14B

This table details how cash moves in and out of PayPal's business through operations, investing, and financing, using annual figures. All values are USD millions unless otherwise specified.

Metric	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
Period end date	12/31/2024	12/31/2023	12/31/2022	12/31/2021	12/31/2020	12/31/2019	12/31/2018	12/31/2017	12/31/2016	12/31/2015
Net Change in Cash & Equivalents	556	2,678	1,127	91	2,297	2,510	4,948	2,166	-708	-808
Net Cash From Operating Activities	7,450	4,843	5,813	5,797	6,219	4,071	5,480	2,531	3,158	2,546
Net Cash From Continuing Operating Activities	7,450	4,843	5,813	5,797	6,219	4,071	5,480	2,531	3,158	2,546
Net Income / (Loss) Continuing Operations	4,147	4,246	2,419	4,169	4,202	2,459	2,057	1,795	1,401	1,228
Consolidated Net Income / (Loss)	4,147	4,246	2,419	4,169	4,202	2,459	2,057	1,795	1,401	1,228
Depreciation Expense	1,032	1,072	1,317	1,265	1,189	912	776	805	724	608
Amortization Expense	-335	-367	-70	73	-	-	-	-	-	-
Non-Cash Adjustments To Reconcile Net Income	1,802	686	2,182	1,239	130	965	1,153	994	819	596
Changes in Operating Assets and Liabilities, net	804	-794	-35	-949	698	-265	1,494	-1,063	214	114
Net Cash From Investing Activities	1,589	752	-3,328	-5,149	-16,545	-5,742	821	-4,485	-5,904	-8,038
Net Cash From Continuing Investing Activities	1,589	752	-3,328	-5,149	-16,545	-5,742	821	-4,485	-5,904	-8,038
Purchase of Property, Plant & Equipment	-683	-623	-706	-908	-866	-704	-823	-667	-669	-722
Purchase of Investments	-26,209	-21,980	-20,219	-39,780	-41,840	-29,512	-22,381	-20,338	-22,564	-21,870
Sale of Property, Plant & Equipment	1.00	45	5.00	5.00	120	17	3.00	0.00	0.00	26
Divestitures	0.00	466	0.00	0.00	-	-	-	-	-	-
Sale and/or Maturity of Investments	47,571	50,955	48,314	39,698	30,908	24,878	25,019	18,448	18,429	16,148
Other Investing Activities, net	-19,091	-28,111	-30,722	-1,401	-1,258	-351	1,127	-1,605	-1,081	-395
Net Cash From Financing Activities	-8,276	-2,993	-1,203	-557	12,454	4,187	-1,240	4,084	2,038	4,728
Net Cash From Continuing Financing Activities	-8,276	-2,993	-1,203	-557	12,454	4,187	-1,240	4,084	2,038	4,728
Repayment of Debt	-1,721	-1,053	-1,685	-361	-3,052	-2,516	-1,115	-980	-21	-862
Repurchase of Common Equity	-6,047	-5,002	-4,199	-3,373	-1,635	-1,411	-3,520	-1,006	-995	0.00
Issuance of Debt	1,546	1,528	3,475	272	6,966	5,471	2,075	1,800	-	-
Issuance of Common Equity	95	127	143	162	137	138	144	144	109	75
Other Financing Activities, net	-2,149	1,407	1,063	2,743	10,038	2,505	1,176	4,126	2,945	5,515
Other Net Changes in Cash	-207	76	-155	-	169	-	-113	36	0.00	-
Cash Interest Paid	366	331	280	231	190	78	69	6.00	4.00	16
Cash Income Taxes Paid	1,027	2,118	878	474	565	665	328	117	48	216

This table details how cash moves in and out of PayPal's business through operations, investing, and financing, using quarterly figures. All values are USD millions unless otherwise specified.

Metric	Q1 2025	Q4 2024	Q3 2024	Q2 2024	Q1 2024	Q4 2023	Q3 2023	Q2 2023	Q1 2023	Q4 2022	Q3 2022
Period end date	3/31/2025	12/31/2024	9/30/2024	6/30/2024	3/31/2024	12/31/2023	9/30/2023	6/30/2023	3/31/2023	12/31/2022	9/30/2022
Net Change in Cash & Equivalents	-1,409	956	1,987	-2,828	441	5,251	918	-2,029	-1,462	2,179	293
Net Cash From Operating Activities	1,160	2,394	1,614	1,525	1,917	2,614	1,259	-200	1,170	1,591	1,755
Net Cash From Continuing Operating Activities	1,160	2,394	1,614	1,525	1,917	2,614	1,259	-200	1,170	1,591	1,755
Net Income / (Loss) Continuing Operations	1,287	1,121	1,010	1,128	888	1,402	1,020	1,029	795	921	1,330
Consolidated Net Income / (Loss)	1,287	1,121	1,010	1,128	888	1,402	1,020	1,029	795	921	1,330
Depreciation Expense	245	249	255	263	265	263	270	269	270	326	330
Amortization Expense	-30	-45	-93	-122	-75	-102	-103	-93	-69	-	-
Non-Cash Adjustments To Reconcile Net Income	340	-319	615	871	635	500	118	-648	716	-646	317
Changes in Operating Assets and Liabilities, net	-682	1,388	-173	-615	204	551	-46	-757	-542	1,060	-222
Net Cash From Investing Activities	-3,657	2,457	2,799	-4,647	980	-534	-307	1,440	153	-39	1,373
Net Cash From Continuing Investing Activities	-3,657	2,457	2,799	-4,647	980	-534	-307	1,440	153	-39	1,373
Purchase of Property, Plant & Equipment	-196	-203	-169	-157	-154	-145	-158	-150	-170	-158	-182
Purchase of Investments	-5,970	-5,390	-4,815	-8,997	-7,007	-7,005	-4,452	-4,401	-6,122	-3,761	-3,312
Sale of Property, Plant & Equipment	2.00	1.00	-	-	0.00	1.00	4.00	39	1.00	-	-
Sale and/or Maturity of Investments	11,029	11,461	21,869	172	14,069	13,526	26,687	-2,766	13,508	31,544	5,683
Other Investing Activities, net	-8,522	-3,412	-14,086	4,335	-5,928	-7,377	-22,388	8,718	-7,064	-27,664	-816
Net Cash From Financing Activities	994	-3,585	-2,529	200	-2,362	3,000	61	-3,273	-2,781	782	-2,971
Net Cash From Continuing Financing Activities	994	-3,585	-2,529	200	-2,362	3,000	61	-3,273	-2,781	782	-2,971
Repayment of Debt	-2.00	-1,250	-40	-72	-359	-111	-	-937	-5.00	-	-
Repurchase of Common Equity	-1,500	-1,269	-1,776	-1,501	-1,501	-607	-1,434	-1,529	-1,432	-1,010	-939
Issuance of Debt	1,491	-	132	1,299	115	699	109	648	72	129	58
Other Financing Activities, net	1,005	-1,106	-845	419	-617	2,974	1,386	-1,536	-1,417	1,606	-2,090
Other Net Changes in Cash	94	-	-	-	-94	-	-	-	-4.00	-	-
Cash Interest Paid	2.00	198	2.00	164	2.00	164	-	165	2.00	166	114
Cash Income Taxes Paid	95	52	153	739	83	1,060	152	411	495	212	666

This table presents PayPal's assets and liabilities at the end of each period, using annual balance sheet data. All values are USD millions unless otherwise specified.

Metric	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
Period end date	12/31/2024	12/31/2023	12/31/2022	12/31/2021	12/31/2020	12/31/2019	12/31/2018	12/31/2017	12/31/2016	12/31/2015
Total Assets	81,611	82,166	78,624	75,803	70,379	51,333	43,332	40,774	33,103	28,881
Total Current Assets	61,092	62,569	57,424	52,574	50,995	38,495	32,963	32,645	25,733	20,648
Cash & Equivalents	6,561	9,081	7,776	5,197	4,794	7,349	7,575	2,883	1,590	1,393
Short-Term Investments	4,262	4,979	3,092	4,303	8,289	3,412	1,534	2,812	3,385	2,018
Note & Lease Receivable	6,422	5,433	7,431	4,846	2,769	3,972	2,532	1,314	5,348	4,184
Accounts Receivable	38,655	40,004	37,227	36,941	33,995	22,962	20,375	18,525	14,577	12,398
Prepaid Expenses	4,651	2,509	1,898	1,287	1,148	800	947	713	833	655
Other Current Assets	541	563	0.00	-	-	-	-	6,398	0.00	-
Plant, Property, & Equipment, net	1,508	1,488	1,730	1,909	1,807	1,693	1,724	1,528	1,482	1,344
Total Noncurrent Assets	19,011	18,109	19,470	21,320	17,577	11,145	8,645	6,601	5,888	6,889
Long-Term Investments	4,583	3,273	5,018	6,797	6,089	2,863	971	1,961	1,539	2,348
Goodwill	10,837	11,026	11,209	11,454	9,135	6,212	6,284	4,339	4,059	4,069
Intangible Assets	326	537	788	1,332	1,048	778	825	168	211	358
Other Noncurrent Operating Assets	3,265	3,273	2,455	1,737	1,305	1,292	565	133	79	114
Total Liabilities & Shareholders' Equity	81,611	82,166	78,624	75,803	70,379	51,333	43,332	40,774	33,103	28,881
Total Liabilities	61,194	61,115	58,350	54,076	50,316	34,404	27,946	24,780	18,391	15,122
Total Current Liabilities	48,376	48,466	45,008	43,029	38,447	26,919	25,904	22,863	16,878	13,617
Accounts Payable	227	139	126	197	252	232	281	257	192	145
Accrued Expenses	8,478	6,392	4,868	3,755	2,648	2,087	2,002	1,781	1,459	1,179
Other Current Liabilities	39,671	41,935	40,014	38,841	35,418	24,527	21,562	19,742	15,163	12,261
Total Noncurrent Liabilities	12,818	12,649	13,342	11,047	11,869	7,485	2,042	1,917	1,513	1,505
Long-Term Debt	9,879	9,676	10,417	8,049	8,939	4,965	0.00	-	-	-
Other Noncurrent Operating Liabilities	2,939	2,973	2,925	-	-	-	-	-	-	-
Commitments & Contingencies	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Total Equity & Noncontrolling Interests	20,417	21,051	20,274	21,727	20,063	16,929	15,386	15,994	14,712	13,759
Total Preferred & Common Equity	20,417	21,051	20,274	21,727	20,019	16,885	15,386	15,994	14,712	13,759
Preferred Stock	0.00	0.00	0.00	0.00	0.00	0.00	0.00	-	-	-
Total Common Equity	20,417	21,051	20,274	21,727	20,019	16,885	15,386	15,994	14,712	13,759
Common Stock	20,705	19,642	18,327	17,208	16,644	15,588	14,939	14,314	13,579	13,100
Retained Earnings	27,347	23,200	18,954	16,535	12,366	8,342	5,880	3,823	2,069	668
Treasury Stock	-27,085	-21,045	-16,079	-11,880	-8,507	-6,872	-5,511	-2,001	-995	0.00
Accumulated Other Comprehensive Income / (Loss)	-550	-746	-928	-136	-484	-173	78	-142	59	-9.00

This table presents PayPal's assets and liabilities at the end of each period, using quarterly balance sheet data. All values are USD millions unless otherwise specified.

Metric	Q1 2025	Q4 2024	Q3 2024	Q2 2024	Q1 2024	Q4 2023	Q3 2023	Q2 2023	Q1 2023	Q4 2022	Q3 2022
Period end date	3/31/2025	12/31/2024	9/30/2024	6/30/2024	3/31/2024	12/31/2023	9/30/2023	6/30/2023	3/31/2023	12/31/2022	9/30/2022
Total Assets	81,274	81,611	83,511	84,016	83,347	82,166	76,440	74,579	77,186	78,624	76,435
Total Current Assets	60,611	61,092	62,673	62,972	63,706	62,569	56,635	54,125	56,560	57,424	55,105
Cash & Equivalents	7,449	6,561	7,272	7,701	9,693	9,081	6,816	5,504	7,101	7,776	6,659
Short-Term Investments	3,762	4,262	4,647	5,915	4,625	4,979	4,731	4,398	3,559	3,092	4,190
Note & Lease Receivable	6,511	6,422	6,003	5,319	5,509	5,433	5,066	7,450	7,495	7,431	6,002
Accounts Receivable	40,287	38,655	40,220	39,714	39,461	40,004	35,629	34,571	36,243	37,227	35,713
Prepaid Expenses	1,888	4,651	4,060	3,954	4,418	2,509	2,228	2,202	2,162	1,898	2,541
Other Current Assets	714	541	471	369	-	563	2,165	-	-	0.00	-
Plant, Property, & Equipment, net	1,537	1,508	1,496	1,459	1,426	1,488	1,529	1,589	1,633	1,730	1,773
Total Noncurrent Assets	19,126	19,011	19,342	19,585	18,215	18,109	18,276	18,865	18,993	19,470	19,557
Long-Term Investments	4,613	4,583	4,282	4,653	3,409	3,273	3,855	4,543	4,632	5,018	5,215
Goodwill	10,910	10,837	10,996	10,816	10,916	11,026	10,935	11,067	11,195	11,209	11,053
Intangible Assets	296	326	393	403	465	537	564	640	730	788	855
Other Noncurrent Operating Assets	3,307	3,265	3,671	3,713	3,425	3,273	2,922	2,615	2,436	2,455	2,434
Total Liabilities & Shareholders' Equity	81,274	81,611	83,511	84,016	83,347	82,166	76,440	74,579	77,186	78,624	76,435
Total Liabilities	61,020	61,194	63,337	63,394	62,645	61,115	56,700	54,918	57,328	58,350	56,171
Total Current Liabilities	46,622	48,376	50,268	50,713	49,846	48,466	43,442	41,754	43,909	45,008	43,228
Accounts Payable	175	227	165	133	108	139	131	137	142	126	114
Accrued Expenses	5,242	8,478	8,921	8,853	8,385	6,392	3,533	3,433	4,164	4,868	4,638
Other Current Liabilities	41,205	39,671	41,182	41,727	41,353	41,935	38,641	37,393	39,026	40,014	37,824
Total Noncurrent Liabilities	14,398	12,818	13,069	12,681	12,799	12,649	13,258	13,164	13,419	13,342	12,943
Long-Term Debt	11,417	9,879	9,976	9,727	9,683	9,676	10,640	10,549	10,481	10,417	10,241
Other Noncurrent Operating Liabilities	2,981	2,939	3,093	2,954	3,116	2,973	-	-	-	2,925	-
Commitments & Contingencies	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Total Equity & Noncontrolling Interests	20,254	20,417	20,174	20,622	20,702	21,051	19,740	19,661	19,858	20,274	20,264
Total Preferred & Common Equity	20,254	20,417	20,174	20,622	20,702	21,051	19,740	19,661	19,858	20,274	20,264
Preferred Stock	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Total Common Equity	20,254	20,417	20,174	20,622	20,702	21,051	19,740	19,661	19,858	20,274	20,264
Common Stock	20,819	20,705	20,426	20,163	19,825	19,642	19,307	18,943	18,529	18,327	17,981
Retained Earnings	28,654	27,347	26,226	25,216	24,088	23,200	21,798	20,778	19,749	18,954	18,033
Treasury Stock	-28,597	-27,085	-25,851	-24,064	-22,552	-21,045	-20,513	-19,064	-17,522	-16,079	-15,069
Accumulated Other Comprehensive Income / (Loss)	-622	-550	-627	-693	-659	-746	-852	-996	-898	-928	-681

This table displays calculated financial ratios and metrics derived from PayPal's official financial filings.

Metric	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
Period end date	12/31/2024	12/31/2023	12/31/2022	12/31/2021	12/31/2020	12/31/2019	12/31/2018	12/31/2017	12/31/2016	12/31/2015
Growth Metrics	-	-	-	-	-	-	-	-	-	-
Revenue Growth	6.81%	8.19%	8.46%	18.26%	20.72%	15.02%	18.00%	20.77%	17.24%	15.24%
EBITDA Growth	-1.47%	32.58%	-15.16%	-13.06%	59.95%	24.05%	4.89%	27.60%	12.36%	17.95%
EBIT Growth	-1.52%	60.75%	-17.88%	-19.07%	68.95%	26.18%	8.00%	34.89%	9.61%	18.00%
NOPAT Growth	5.03%	43.08%	-36.39%	58.86%	22.35%	17.41%	9.45%	27.39%	12.99%	186.17%
Net Income Growth	-2.33%	75.53%	-41.98%	-0.79%	70.88%	19.54%	14.60%	28.12%	14.09%	193.08%
EPS Growth	3.91%	83.73%	-40.63%	-0.57%	71.01%	21.05%	16.33%	27.83%	15.00%	194.12%
Operating Cash Flow Growth	53.83%	-16.69%	0.28%	-6.79%	52.76%	-25.71%	116.52%	-19.85%	24.04%	14.68%
Free Cash Flow Firm Growth	-50.57%	274.19%	108.74%	-41.32%	-7.56%	-67.86%	560.59%	-48.86%	396.81%	93.44%
Invested Capital Growth	11.17%	-9.53%	9.84%	37.12%	18.86%	13.23%	-21.78%	13.91%	2.48%	24.96%
Revenue Q/Q Growth	1.08%	2.21%	1.72%	3.26%	5.69%	4.31%	3.22%	6.19%	4.08%	0.00%
EBITDA Q/Q Growth	-5.34%	4.32%	7.81%	-16.25%	20.85%	4.60%	-5.46%	16.84%	3.33%	0.00%
EBIT Q/Q Growth	-6.71%	14.45%	13.64%	-21.95%	24.75%	5.94%	-6.97%	21.88%	3.23%	0.00%
NOPAT Q/Q Growth	-4.75%	9.04%	-2.48%	10.50%	12.83%	-1.16%	-4.97%	14.77%	1.63%	0.00%
Net Income Q/Q Growth	-6.35%	12.78%	5.22%	-15.52%	33.74%	-3.04%	-1.72%	14.70%	1.67%	0.00%
EPS Q/Q Growth	-4.77%	14.63%	6.09%	-15.38%	33.58%	-2.82%	-0.58%	14.84%	1.77%	0.00%
Operating Cash Flow Q/Q Growth	-2.87%	26.78%	6.82%	-7.82%	17.76%	-8.06%	30.41%	-29.71%	6.58%	3.96%
Free Cash Flow Firm Q/Q Growth	-50.78%	73.83%	188.39%	-81.93%	52.68%	102.46%	6.00%	-39.43%	0.00%	0.00%
Invested Capital Q/Q Growth	6.75%	-10.58%	2.52%	34.87%	-0.38%	0.68%	10.97%	12.59%	5.58%	0.00%
Profitability Metrics	-	-	-	-	-	-	-	-	-	-
Gross Margin	100.00%	100.00%	100.00%	100.00%	100.00%	100.00%	100.00%	100.00%	100.00%	100.00%
EBITDA Margin	18.95%	20.54%	16.76%	21.43%	29.15%	22.00%	20.40%	22.95%	21.72%	22.66%
Operating Margin	16.75%	16.89%	13.94%	16.80%	15.33%	15.30%	14.20%	16.24%	14.63%	15.80%
EBIT Margin	16.76%	18.18%	12.23%	16.16%	23.61%	16.87%	15.38%	16.80%	15.04%	16.09%
Profit (Net Income) Margin	13.04%	14.26%	8.79%	16.43%	19.59%	13.84%	13.31%	13.71%	12.92%	13.28%
Tax Burden Percent	77.82%	78.47%	71.87%	101.71%	82.96%	82.02%	86.57%	81.59%	85.90%	82.53%
Interest Burden Percent	100.00%	100.00%	100.00%	100.00%	100.00%	100.00%	100.00%	100.00%	100.00%	100.00%
Effective Tax Rate	22.18%	21.53%	28.13%	-1.71%	17.04%	17.98%	13.43%	18.41%	14.10%	17.47%
Return on Invested Capital (ROIC)	29.30%	27.98%	19.50%	37.19%	30.15%	28.64%	22.83%	19.79%	16.82%	16.74%
ROIC Less NNEP Spread (ROIC-NNEP)	29.25%	23.40%	24.43%	38.99%	14.55%	25.91%	20.69%	18.89%	16.19%	16.16%
Return on Net Nonoperating Assets (RNNOA)	-9.30%	-7.43%	-7.98%	-17.24%	-7.43%	-13.42%	-9.72%	-8.10%	-6.98%	-5.58%
Return on Equity (ROE)	20.00%	20.55%	11.52%	19.95%	22.72%	15.22%	13.11%	11.69%	9.84%	11.16%
Cash Return on Invested Capital (CROIC)	18.72%	37.99%	10.12%	5.88%	12.91%	16.23%	47.27%	6.79%	14.38%	-5.45%
Operating Return on Assets (OROA)	6.51%	6.73%	4.36%	5.61%	8.32%	6.33%	5.65%	5.96%	5.26%	5.86%
Return on Assets (ROA)	5.06%	5.28%	3.13%	5.70%	6.90%	5.20%	4.89%	4.86%	4.52%	4.83%
Return on Common Equity (ROCE)	20.00%	20.55%	11.52%	19.93%	22.66%	15.20%	13.11%	11.69%	9.84%	11.16%
Return on Equity Simple (ROE_SIMPLE)	20.31%	20.17%	11.93%	19.19%	20.99%	14.56%	13.37%	11.22%	9.52%	8.93%
Net Operating Profit after Tax (NOPAT)	4,144	3,945	2,757	4,335	2,729	2,230	1,899	1,735	1,362	1,206
NOPAT Margin	13.03%	13.25%	10.02%	17.09%	12.72%	12.55%	12.29%	13.25%	12.57%	13.04%
Net Nonoperating Expense Percent (NNEP)	0.05%	4.58%	-4.94%	-1.79%	15.60%	2.73%	2.14%	0.90%	0.63%	0.59%
Return On Investment Capital (ROIC_SIMPLE)	13.68%	12.84%	8.98%	-	-	-	-	-	-	-
Cost of Revenue to Revenue	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
SG&A Expenses to Revenue	6.75%	6.92%	7.63%	8.33%	9.65%	9.63%	11.97%	10.62%	9.48%	9.96%
R&D to Revenue	9.37%	9.99%	11.82%	11.97%	12.31%	11.73%	11.85%	13.29%	7.69%	8.56%
Operating Expenses to Revenue	83.25%	83.11%	86.06%	83.20%	84.67%	84.70%	85.80%	83.76%	85.37%	84.20%
Earnings before Interest and Taxes (EBIT)	5,329	5,411	3,366	4,099	5,065	2,998	2,376	2,200	1,631	1,488
Earnings before Interest, Taxes, Depreciation and Amortization (EBITDA)	6,026	6,116	4,613	5,437	6,254	3,910	3,152	3,005	2,355	2,096
Valuation Ratios	-	-	-	-	-	-	-	-	-	-
Price to Book Value (P/BV)	4.19	3.15	4.00	10.20	13.71	7.52	6.44	5.53	3.24	3.21
Price to Tangible Book Value (P/TBV)	9.25	6.98	9.81	24.78	27.90	12.84	11.97	7.70	4.56	4.74
Price to Revenue (P/Rev)	2.69	2.22	2.95	8.73	12.79	7.15	6.41	6.76	4.39	4.78
Price to Earnings (P/E)	20.63	15.59	33.56	53.15	65.30	51.65	48.17	49.30	33.99	36.01
Dividend Yield	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Earnings Yield	4.85%	6.41%	2.98%	1.88%	1.53%	1.94%	2.08%	2.03%	2.94%	2.78%
Enterprise Value to Invested Capital (EV/IC)	5.38	4.37	5.11	15.83	26.88	14.32	12.46	8.76	5.01	4.81
Enterprise Value to Revenue (EV/Rev)	2.52	1.97	2.75	8.41	12.32	6.66	5.89	6.25	3.79	4.16
Enterprise Value to EBITDA (EV/EBITDA)	13.28	9.57	16.42	39.23	42.25	30.28	28.87	27.23	17.46	18.35
Enterprise Value to EBIT (EV/EBIT)	15.02	10.82	22.50	52.04	52.17	39.49	38.30	37.19	25.21	25.85
Enterprise Value to NOPAT (EV/NOPAT)	19.32	14.84	27.46	49.21	96.83	53.09	47.91	47.15	30.18	31.90
Enterprise Value to Operating Cash Flow (EV/OCF)	10.74	12.09	13.03	36.80	42.49	29.08	16.61	32.33	13.02	15.11
Enterprise Value to Free Cash Flow (EV/FCFF)	30.23	10.93	52.90	311.06	226.10	93.66	23.14	137.43	35.31	0.00
Leverage & Solvency	-	-	-	-	-	-	-	-	-	-
Debt to Equity	0.48	0.46	0.51	0.37	0.45	0.29	0.13	0.06	0.00	0.00
Long-Term Debt to Equity	0.48	0.46	0.51	0.37	0.45	0.29	0.00	0.00	0.00	0.00
Financial Leverage	-0.32	-0.32	-0.33	-0.44	-0.51	-0.52	-0.47	-0.43	-0.43	-0.35
Leverage Ratio	3.95	3.89	3.68	3.50	3.29	2.93	2.68	2.41	2.18	2.31
Compound Leverage Factor	3.95	3.89	3.68	3.50	3.29	2.93	2.68	2.41	2.18	2.31
Debt to Total Capital	32.61%	31.49%	33.94%	27.03%	30.82%	22.68%	11.49%	5.88%	0.00%	0.00%
Short-Term Debt to Total Capital	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	11.49%	5.88%	0.00%	0.00%
Long-Term Debt to Total Capital	32.61%	31.49%	33.94%	27.03%	30.82%	22.68%	0.00%	0.00%	0.00%	0.00%
Preferred Equity to Total Capital	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Noncontrolling Interests to Total Capital	0.00%	0.00%	0.00%	0.00%	0.15%	0.20%	0.00%	0.00%	0.00%	0.00%
Common Equity to Total Capital	67.39%	68.51%	66.06%	72.97%	69.03%	77.12%	88.51%	94.12%	100.00%	100.00%
Debt to EBITDA	1.64	1.58	2.26	1.48	1.43	1.27	0.63	0.33	0.00	0.00
Net Debt to EBITDA	-0.92	-1.25	-1.19	-1.52	-1.64	-2.21	-2.56	-2.22	0.00	0.00
Long-Term Debt to EBITDA	1.64	1.58	2.26	1.48	1.43	1.27	0.00	0.00	0.00	0.00
Debt to NOPAT	2.38	2.45	3.78	1.86	3.28	2.23	1.05	0.58	0.00	0.00
Net Debt to NOPAT	-1.33	-1.94	-1.98	-1.90	-3.75	-3.88	-4.25	-3.84	0.00	0.00
Long-Term Debt to NOPAT	2.38	2.45	3.78	1.86	3.28	2.23	0.00	0.00	0.00	0.00
Altman Z-Score	2.10	1.83	1.85	3.43	4.27	3.25	3.05	3.06	2.45	2.57
Noncontrolling Interest Sharing Ratio	0.00%	0.00%	0.00%	0.11%	0.24%	0.14%	0.00%	0.00%	0.00%	0.00%
Liquidity Ratios	-	-	-	-	-	-	-	-	-	-
Current Ratio	1.26	1.29	1.28	1.22	1.33	1.43	1.27	1.43	1.52	1.52
Quick Ratio	1.16	1.23	1.23	1.19	1.30	1.40	1.24	1.12	1.48	1.47
Cash Flow Metrics	-	-	-	-	-	-	-	-	-	-
Free Cash Flow to Firm (FCFF)	2,648	5,356	1,431	686	1,169	1,264	3,933	595	1,164	-392
Operating Cash Flow to CapEx	1,092.38%	837.89%	829.24%	641.97%	833.65%	592.58%	668.29%	379.46%	472.05%	365.80%
Free Cash Flow to Firm to Interest Expense	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Operating Cash Flow to Interest Expense	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Operating Cash Flow Less CapEx to Interest Expense	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Efficiency Ratios	-	-	-	-	-	-	-	-	-	-
Asset Turnover	0.39	0.37	0.36	0.35	0.35	0.38	0.37	0.35	0.35	0.36
Accounts Receivable Turnover	0.81	0.77	0.74	0.72	0.75	0.82	0.79	0.79	0.80	0.78
Inventory Turnover	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Fixed Asset Turnover	21.23	18.50	15.12	13.66	12.26	10.40	9.50	8.70	7.67	8.16
Accounts Payable Turnover	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Days Sales Outstanding (DSO)	451.47	473.44	491.88	510.26	484.51	445.03	459.47	461.37	454.06	469.06
Days Inventory Outstanding (DIO)	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Days Payable Outstanding (DPO)	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Cash Conversion Cycle (CCC)	451.47	473.44	491.88	510.26	484.51	445.03	459.47	461.37	454.06	469.06
Capital & Investment Metrics	-	-	-	-	-	-	-	-	-	-
Invested Capital	14,890	13,394	14,805	13,479	9,830	8,270	7,304	9,338	8,198	8,000
Invested Capital Turnover	2.25	2.11	1.95	2.18	2.37	2.28	1.86	1.49	1.34	1.28
Increase / (Decrease) in Invested Capital	1,496	-1,411	1,326	3,649	1,560	966	-2,034	1,140	198	1,598
Enterprise Value (EV)	80,040	58,552	75,724	213,320	264,221	118,397	91,006	81,829	41,112	38,466
Market Capitalization	85,567	66,209	81,193	221,568	274,410	127,012	99,088	88,485	47,626	44,225
Book Value per Share	$20.37	$19.53	$17.78	$18.49	$17.09	$14.38	$13.06	$13.31	$12.19	$11.26
Tangible Book Value per Share	$9.23	$8.80	$7.26	$7.61	$8.39	$8.43	$7.02	$9.56	$8.65	$7.64
Total Capital	30,296	30,727	30,691	29,776	29,002	21,894	17,384	16,994	14,712	13,759
Total Debt	9,879	9,676	10,417	8,049	8,939	4,965	1,998	1,000	0.00	0.00
Total Long-Term Debt	9,879	9,676	10,417	8,049	8,939	4,965	0.00	0.00	0.00	0.00
Net Debt	-5,527	-7,657	-5,469	-8,248	-10,233	-8,659	-8,082	-6,656	-6,514	-5,759
Capital Expenditures (CapEx)	682	578	701	903	746	687	820	667	669	696
Debt-free, Cash-free Net Working Capital (DFCFNWC)	1,893	43	1,548	45	-535	815	-52	5,087	3,880	3,620
Debt-free Net Working Capital (DFNWC)	12,716	14,103	12,416	9,545	12,548	11,576	9,057	10,782	8,855	7,031
Net Working Capital (NWC)	12,716	14,103	12,416	9,545	12,548	11,576	7,059	9,782	8,855	7,031
Net Nonoperating Expense (NNE)	-3.11	-301	338	166	-1,473	-229	-158	-60	-39	-22
Net Nonoperating Obligations (NNO)	-5,527	-7,657	-5,469	-8,248	-10,233	-8,659	-8,082	-6,656	-6,514	-5,759
Total Depreciation and Amortization (D&A)	697	705	1,247	1,338	1,189	912	776	805	724	608
Debt-free, Cash-free Net Working Capital to Revenue	5.95%	0.14%	5.63%	0.18%	-2.49%	4.59%	-0.34%	38.85%	35.79%	39.14%
Debt-free Net Working Capital to Revenue	39.99%	47.37%	45.12%	37.62%	58.49%	65.14%	58.62%	82.34%	81.67%	76.03%
Net Working Capital to Revenue	39.99%	47.37%	45.12%	37.62%	58.49%	65.14%	45.69%	74.71%	81.67%	76.03%
Earnings Adjustments	-	-	-	-	-	-	-	-	-	-
Adjusted Basic Earnings per Share	$4.03	$3.85	$2.10	$3.55	$3.58	$2.09	$1.74	$1.49	$1.16	$1.00
Adjusted Weighted Average Basic Shares Outstanding	1.03B	1.10B	1.15B	1.17B	1.17B	1.17B	1.18B	1.20B	1.21B	1.22B
Adjusted Diluted Earnings per Share	$3.99	$3.84	$2.09	$3.52	$3.54	$2.07	$1.71	$1.47	$1.15	$1.00
Adjusted Weighted Average Diluted Shares Outstanding	1.04B	1.11B	1.16B	1.19B	1.19B	1.19B	1.20B	1.22B	1.22B	1.23B
Adjusted Basic & Diluted Earnings per Share	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00
Adjusted Weighted Average Basic & Diluted Shares Outstanding	989.24M	1.07B	1.13B	1.17B	1.17B	1.17B	1.17B	1.20B	1.21B	1.22B
Normalized Net Operating Profit after Tax (NOPAT)	4,485	3,945	2,757	2,983	2,844	2,288	1,899	1,735	1,362	1,206
Normalized NOPAT Margin	14.10%	13.25%	10.02%	11.76%	13.26%	12.88%	12.29%	13.25%	12.57%	13.04%
Pre Tax Income Margin	16.76%	18.18%	12.23%	16.16%	23.61%	16.87%	15.38%	16.80%	15.04%	16.09%
Debt Service Ratios	-	-	-	-	-	-	-	-	-	-
EBIT to Interest Expense	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
NOPAT to Interest Expense	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
EBIT Less CapEx to Interest Expense	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
NOPAT Less CapEx to Interest Expense	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Payout Ratios	-	-	-	-	-	-	-	-	-	-
Dividend Payout Ratio	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Augmented Payout Ratio	145.82%	117.81%	173.58%	80.91%	38.91%	57.38%	171.12%	56.04%	71.02%	0.00%

This table displays calculated financial ratios and metrics derived from PayPal's official financial filings.

Metric	Q1 2025	Q4 2024	Q3 2024	Q2 2024	Q1 2024	Q4 2023	Q3 2023	Q2 2023	Q1 2023	Q4 2022	Q3 2022
Period end date	3/31/2025	12/31/2024	9/30/2024	6/30/2024	3/31/2024	12/31/2023	9/30/2023	6/30/2023	3/31/2023	12/31/2022	9/30/2022
Growth Metrics	-	-	-	-	-	-	-	-	-	-	-
Revenue Growth	1.20%	4.24%	5.78%	8.21%	9.36%	8.71%	8.36%	7.07%	8.59%	6.72%	10.74%
EBITDA Growth	29.95%	-17.40%	4.62%	4.12%	9.73%	36.07%	-26.21%	287.17%	33.23%	39.15%	28.23%
EBIT Growth	32.59%	-21.36%	5.64%	7.37%	12.57%	61.53%	-21.36%	2,559.18%	70.75%	57.22%	35.45%
NOPAT Growth	43.19%	-15.21%	11.63%	19.40%	16.01%	30.90%	1.88%	116.83%	28.53%	-13.36%	-3.17%
Net Income Growth	44.93%	-20.04%	-0.98%	9.62%	11.70%	52.23%	-23.31%	401.76%	56.19%	14.98%	22.36%
EPS Growth	55.42%	-15.50%	6.45%	17.39%	18.57%	61.25%	-19.13%	417.24%	62.79%	17.65%	25.00%
Operating Cash Flow Growth	-39.49%	-8.42%	28.20%	862.50%	63.85%	64.30%	-28.26%	-116.00%	-3.86%	30.41%	15.99%
Free Cash Flow Firm Growth	-160.38%	-112.68%	396.60%	1,087.70%	647.98%	1,040.10%	112.07%	94.78%	84.56%	88.05%	-514.19%
Invested Capital Growth	25.19%	11.17%	-6.87%	-23.37%	-15.88%	-9.53%	3.72%	9.56%	9.71%	9.84%	44.50%
Revenue Q/Q Growth	-6.87%	6.61%	-0.48%	2.42%	-4.07%	8.20%	1.80%	3.51%	-4.65%	7.84%	0.59%
EBITDA Q/Q Growth	12.64%	9.57%	-4.35%	10.08%	-31.96%	38.78%	-4.80%	16.00%	-11.21%	-24.74%	399.48%
EBIT Q/Q Growth	13.69%	7.55%	-6.29%	15.72%	-32.57%	44.48%	-4.76%	21.32%	-3.24%	-29.66%	3,120.41%
NOPAT Q/Q Growth	7.22%	6.91%	0.31%	24.53%	-36.51%	40.75%	7.29%	21.00%	-28.36%	9.54%	117.72%
Net Income Q/Q Growth	14.81%	10.99%	-10.46%	27.03%	-36.66%	37.45%	-0.87%	29.43%	-13.68%	-30.75%	490.03%
EPS Q/Q Growth	18.35%	10.10%	-8.33%	30.12%	-35.66%	38.71%	1.09%	31.43%	-12.50%	-30.43%	496.55%
Operating Cash Flow Q/Q Growth	-51.55%	48.33%	5.84%	-20.45%	-26.66%	107.63%	729.50%	-117.09%	-26.46%	-9.34%	40.40%
Free Cash Flow Firm Q/Q Growth	-459.61%	-116.68%	-55.81%	46.40%	17.55%	553.00%	187.90%	18.78%	-101.66%	91.62%	61.98%
Invested Capital Q/Q Growth	6.43%	6.75%	15.47%	-4.57%	-5.50%	-10.58%	-4.99%	4.77%	1.63%	2.52%	0.36%
Profitability Metrics	-	-	-	-	-	-	-	-	-	-	-
Gross Margin	100.00%	100.00%	100.00%	100.00%	100.00%	100.00%	100.00%	100.00%	100.00%	100.00%	100.00%
EBITDA Margin	23.33%	19.29%	18.77%	19.53%	18.17%	24.35%	18.98%	20.30%	18.11%	19.45%	27.87%
Operating Margin	19.64%	17.22%	17.73%	16.80%	15.17%	21.53%	15.75%	15.55%	14.19%	16.85%	16.33%
EBIT Margin	20.58%	16.85%	16.71%	17.74%	15.70%	22.34%	16.73%	17.88%	15.26%	15.03%	23.05%
Profit (Net Income) Margin	16.52%	13.40%	12.87%	14.31%	11.53%	17.47%	13.75%	14.12%	11.29%	12.47%	19.43%
Tax Burden Percent	80.29%	79.50%	77.04%	80.63%	73.45%	78.19%	82.19%	78.97%	74.02%	82.97%	84.28%
Interest Burden Percent	100.00%	100.00%	100.00%	100.00%	100.00%	100.00%	100.00%	100.00%	100.00%	100.00%	100.00%
Effective Tax Rate	19.71%	20.50%	22.96%	19.37%	26.55%	21.81%	17.81%	21.03%	25.98%	17.03%	15.72%
Return on Invested Capital (ROIC)	35.28%	30.79%	29.70%	30.20%	24.48%	35.55%	25.63%	23.26%	20.51%	27.20%	30.48%
ROIC Less NNEP Spread (ROIC-NNEP)	34.34%	31.16%	30.82%	29.24%	24.01%	34.77%	24.49%	20.36%	19.56%	28.82%	26.15%
Return on Net Nonoperating Assets (RNNOA)	-10.44%	-9.91%	-8.48%	-9.03%	-7.61%	-11.04%	-6.48%	-4.79%	-5.65%	-9.41%	-11.06%
Return on Equity (ROE)	24.84%	20.88%	21.22%	21.17%	16.87%	24.50%	19.15%	18.47%	14.85%	17.79%	19.41%
Cash Return on Invested Capital (CROIC)	9.32%	18.72%	37.19%	56.92%	46.60%	37.99%	20.95%	14.85%	11.10%	10.12%	-13.26%
Operating Return on Assets (OROA)	7.97%	6.54%	6.57%	6.94%	5.95%	8.27%	6.38%	6.70%	5.60%	5.36%	8.26%
Return on Assets (ROA)	6.40%	5.20%	5.06%	5.60%	4.37%	6.47%	5.24%	5.29%	4.14%	4.45%	6.96%
Return on Common Equity (ROCE)	24.84%	20.88%	21.22%	21.17%	16.87%	24.50%	19.15%	18.47%	14.85%	17.79%	19.41%
Return on Equity Simple (ROE_SIMPLE)	22.44%	0.00%	21.95%	21.52%	20.96%	0.00%	19.07%	20.73%	13.62%	0.00%	11.35%
Net Operating Profit after Tax (NOPAT)	1,228	1,146	1,072	1,068	858	1,351	960	895	739	1,032	942
NOPAT Margin	15.77%	13.69%	13.66%	13.55%	11.14%	16.84%	12.94%	12.28%	10.50%	13.98%	13.76%
Net Nonoperating Expense Percent (NNEP)	0.94%	-0.37%	-1.12%	0.96%	0.47%	0.77%	1.13%	2.90%	0.95%	-1.62%	4.33%
Return On Investment Capital (ROIC_SIMPLE)	3.88%	3.78%	-	-	-	4.40%	-	-	-	3.36%	-
Cost of Revenue to Revenue	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
SG&A Expenses to Revenue	6.46%	7.10%	6.61%	7.23%	6.03%	6.90%	6.83%	6.74%	7.20%	6.98%	6.76%
R&D to Revenue	9.38%	9.24%	9.51%	9.11%	9.64%	9.59%	9.96%	10.20%	10.24%	11.13%	11.70%
Operating Expenses to Revenue	80.36%	82.78%	82.27%	83.20%	84.83%	78.47%	84.25%	84.45%	85.81%	83.15%	83.67%
Earnings before Interest and Taxes (EBIT)	1,603	1,410	1,311	1,399	1,209	1,793	1,241	1,303	1,074	1,110	1,578
Earnings before Interest, Taxes, Depreciation and Amortization (EBITDA)	1,818	1,614	1,473	1,540	1,399	1,954	1,408	1,479	1,275	1,436	1,908
Valuation Ratios	-	-	-	-	-	-	-	-	-	-	-
Price to Book Value (P/BV)	3.19	4.19	3.95	2.94	3.49	3.15	3.25	3.79	4.33	4.00	4.91
Price to Tangible Book Value (P/TBV)	7.13	9.25	9.08	6.46	7.75	6.98	7.79	9.36	10.83	9.81	11.91
Price to Revenue (P/Rev)	2.02	2.69	2.54	1.96	2.37	2.22	2.20	2.61	3.06	2.95	3.68
Price to Earnings (P/E)	14.20	20.63	18.02	13.68	16.65	15.59	17.05	18.27	31.76	33.56	43.30
Dividend Yield	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Earnings Yield	7.04%	4.85%	5.55%	7.31%	6.01%	6.41%	5.87%	5.47%	3.15%	2.98%	2.31%
Enterprise Value to Invested Capital (EV/IC)	3.80	5.38	5.27	4.32	5.07	4.37	3.97	4.48	5.39	5.11	6.49
Enterprise Value to Revenue (EV/Rev)	1.89	2.52	2.34	1.68	2.11	1.97	2.04	2.47	2.89	2.75	3.46
Enterprise Value to EBITDA (EV/EBITDA)	9.33	13.28	11.55	8.28	10.29	9.57	10.14	11.27	16.00	16.42	21.90
Enterprise Value to EBIT (EV/EBIT)	10.51	15.02	12.88	9.25	11.57	10.82	12.57	13.93	21.28	22.50	31.64
Enterprise Value to NOPAT (EV/NOPAT)	13.31	19.32	16.91	12.30	15.78	14.84	16.42	19.51	27.70	27.46	33.14
Enterprise Value to Operating Cash Flow (EV/OCF)	8.99	10.74	9.59	7.13	11.48	12.09	15.56	16.35	14.07	13.03	17.22
Enterprise Value to Free Cash Flow (EV/FCFF)	45.27	30.23	13.67	6.58	9.94	10.93	19.29	31.50	50.82	52.90	0.00
Leverage & Solvency	-	-	-	-	-	-	-	-	-	-	-
Debt to Equity	0.56	0.48	0.49	0.47	0.47	0.46	0.54	0.54	0.53	0.51	0.51
Long-Term Debt to Equity	0.56	0.48	0.49	0.47	0.47	0.46	0.54	0.54	0.53	0.51	0.51
Financial Leverage	-0.30	-0.32	-0.28	-0.31	-0.32	-0.32	-0.26	-0.24	-0.29	-0.33	-0.42
Leverage Ratio	4.02	3.95	4.01	3.94	3.96	3.89	3.82	3.87	3.78	3.68	3.56
Compound Leverage Factor	4.02	3.95	4.01	3.94	3.96	3.89	3.82	3.87	3.78	3.68	3.56
Debt to Total Capital	36.05%	32.61%	33.09%	32.05%	31.87%	31.49%	35.02%	34.92%	34.55%	33.94%	33.57%
Short-Term Debt to Total Capital	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Long-Term Debt to Total Capital	36.05%	32.61%	33.09%	32.05%	31.87%	31.49%	35.02%	34.92%	34.55%	33.94%	33.57%
Preferred Equity to Total Capital	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Noncontrolling Interests to Total Capital	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Common Equity to Total Capital	63.95%	67.39%	66.91%	67.95%	68.13%	68.51%	64.98%	65.08%	65.45%	66.06%	66.43%
Debt to EBITDA	1.77	1.64	1.57	1.54	1.55	1.58	1.81	1.69	2.07	2.26	2.39
Net Debt to EBITDA	-0.68	-0.92	-0.98	-1.36	-1.29	-1.25	-0.81	-0.62	-0.95	-1.19	-1.36
Long-Term Debt to EBITDA	1.77	1.64	1.57	1.54	1.55	1.58	1.81	1.69	2.07	2.26	2.39
Debt to NOPAT	2.53	2.38	2.29	2.29	2.38	2.45	2.94	2.92	3.58	3.78	3.62
Net Debt to NOPAT	-0.98	-1.33	-1.43	-2.02	-1.98	-1.94	-1.32	-1.08	-1.64	-1.98	-2.06
Long-Term Debt to NOPAT	2.53	2.38	2.29	2.29	2.38	2.45	2.94	2.92	3.58	3.78	3.62
Altman Z-Score	1.79	1.94	1.80	1.59	1.71	1.69	1.72	1.84	1.86	1.76	2.00
Noncontrolling Interest Sharing Ratio	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Liquidity Ratios	-	-	-	-	-	-	-	-	-	-	-
Current Ratio	1.30	1.26	1.25	1.24	1.28	1.29	1.30	1.30	1.29	1.28	1.27
Quick Ratio	1.24	1.16	1.16	1.16	1.19	1.23	1.20	1.24	1.24	1.23	1.22
Cash Flow Metrics	-	-	-	-	-	-	-	-	-	-	-
Free Cash Flow to Firm (FCFF)	-1,961	-350	2,101	4,753	3,247	2,762	423	-481	-593	-294	-3,505
Operating Cash Flow to CapEx	597.94%	1,185.15%	955.03%	971.34%	1,244.81%	1,815.28%	817.53%	-180.18%	692.31%	1,006.96%	964.29%
Free Cash Flow to Firm to Interest Expense	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Operating Cash Flow to Interest Expense	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Operating Cash Flow Less CapEx to Interest Expense	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Efficiency Ratios	-	-	-	-	-	-	-	-	-	-	-
Asset Turnover	0.39	0.39	0.39	0.39	0.38	0.37	0.38	0.37	0.37	0.36	0.36
Accounts Receivable Turnover	0.80	0.81	0.83	0.84	0.80	0.77	0.82	0.79	0.76	0.74	0.76
Inventory Turnover	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Fixed Asset Turnover	21.52	21.23	20.80	20.36	19.90	18.50	17.64	16.69	16.07	15.12	14.73
Accounts Payable Turnover	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Days Sales Outstanding (DSO)	456.40	451.47	440.04	436.93	454.03	473.44	446.99	464.36	481.94	491.88	482.70
Days Inventory Outstanding (DIO)	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Days Payable Outstanding (DPO)	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Cash Conversion Cycle (CCC)	456.40	451.47	440.04	436.93	454.03	473.44	446.99	464.36	481.94	491.88	482.70
Capital & Investment Metrics	-	-	-	-	-	-	-	-	-	-	-
Invested Capital	15,847	14,890	13,949	12,080	12,658	13,394	14,978	15,765	15,047	14,805	14,441
Invested Capital Turnover	2.24	2.25	2.17	2.23	2.20	2.11	1.98	1.89	1.95	1.95	2.21
Increase / (Decrease) in Invested Capital	3,189	1,496	-1,029	-3,685	-2,389	-1,411	537	1,376	1,332	1,326	4,447
Enterprise Value (EV)	60,141	80,040	73,548	52,160	64,181	58,552	59,429	70,556	81,105	75,724	93,715
Market Capitalization	64,548	85,567	79,773	60,702	72,225	66,209	64,191	74,452	85,916	81,193	99,538
Book Value per Share	$20.47	$20.37	$19.73	$19.71	$19.46	$19.53	$17.98	$17.62	$17.55	$17.78	$17.52
Tangible Book Value per Share	$9.15	$9.23	$8.59	$8.99	$8.76	$8.80	$7.51	$7.13	$7.01	$7.26	$7.23
Total Capital	31,671	30,296	30,150	30,349	30,385	30,727	30,380	30,210	30,339	30,691	30,505
Total Debt	11,417	9,879	9,976	9,727	9,683	9,676	10,640	10,549	10,481	10,417	10,241
Total Long-Term Debt	11,417	9,879	9,976	9,727	9,683	9,676	10,640	10,549	10,481	10,417	10,241
Net Debt	-4,407	-5,527	-6,225	-8,542	-8,044	-7,657	-4,762	-3,896	-4,811	-5,469	-5,823
Capital Expenditures (CapEx)	194	202	169	157	154	144	154	111	169	158	182
Debt-free, Cash-free Net Working Capital (DFCFNWC)	2,778	1,893	486	-1,357	-458	43	1,646	2,469	1,991	1,548	1,028
Debt-free Net Working Capital (DFNWC)	13,989	12,716	12,405	12,259	13,860	14,103	13,193	12,371	12,651	12,416	11,877
Net Working Capital (NWC)	13,989	12,716	12,405	12,259	13,860	14,103	13,193	12,371	12,651	12,416	11,877
Net Nonoperating Expense (NNE)	-59	25	62	-60	-30	-51	-60	-134	-56	111	-388
Net Nonoperating Obligations (NNO)	-4,407	-5,527	-6,225	-8,542	-8,044	-7,657	-4,762	-3,896	-4,811	-5,469	-5,823
Total Depreciation and Amortization (D&A)	215	204	162	141	190	161	167	176	201	326	330
Debt-free, Cash-free Net Working Capital to Revenue	8.71%	5.95%	1.55%	-4.37%	-1.51%	0.14%	5.65%	8.65%	7.09%	5.63%	3.80%
Debt-free Net Working Capital to Revenue	43.87%	39.99%	39.43%	39.51%	45.55%	47.37%	45.29%	43.32%	45.06%	45.12%	43.90%
Net Working Capital to Revenue	43.87%	39.99%	39.43%	39.51%	45.55%	47.37%	45.29%	43.32%	45.06%	45.12%	43.90%
Earnings Adjustments	-	-	-	-	-	-	-	-	-	-	-
Adjusted Basic Earnings per Share	$1.31	$1.12	$1.00	$1.08	$0.83	$1.29	$0.93	$0.93	$0.70	$0.80	$1.15
Adjusted Weighted Average Basic Shares Outstanding	986M	1.03B	1.02B	1.04B	1.06B	1.10B	1.09B	1.11B	1.13B	1.15B	1.15B
Adjusted Diluted Earnings per Share	$1.29	$1.09	$0.99	$1.08	$0.83	$1.29	$0.93	$0.92	$0.70	$0.80	$1.15
Adjusted Weighted Average Diluted Shares Outstanding	999M	1.04B	1.02B	1.05B	1.07B	1.11B	1.10B	1.11B	1.13B	1.16B	1.16B
Adjusted Basic & Diluted Earnings per Share	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00
Adjusted Weighted Average Basic & Diluted Shares Outstanding	972.53M	989.24M	1.00B	1.02B	1.05B	1.07B	1.08B	1.10B	1.12B	1.13B	1.14B
Normalized Net Operating Profit after Tax (NOPAT)	1,281	1,146	1,072	1,159	1,014	1,351	960	895	861	1,032	989
Normalized NOPAT Margin	16.45%	13.69%	13.66%	14.70%	13.17%	16.84%	12.94%	12.28%	12.23%	13.98%	14.45%
Pre Tax Income Margin	20.58%	16.85%	16.71%	17.74%	15.70%	22.34%	16.73%	17.88%	15.26%	15.03%	23.05%
Debt Service Ratios	-	-	-	-	-	-	-	-	-	-	-
EBIT to Interest Expense	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
NOPAT to Interest Expense	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
EBIT Less CapEx to Interest Expense	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
NOPAT Less CapEx to Interest Expense	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Payout Ratios	-	-	-	-	-	-	-	-	-	-	-
Dividend Payout Ratio	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Augmented Payout Ratio	133.00%	145.82%	121.61%	113.63%	116.87%	117.81%	143.56%	120.49%	152.72%	173.58%	203.96%

Frequently Asked Questions About PayPal's Financials

When does PayPal's fiscal year end?

According to the most recent income statement we have on file, PayPal's financial year ends in December. Their financial year 2024 ended on December 31, 2024.

How has PayPal's net income changed over the last 9 years?

PayPal's net income appears to be on an upward trend, with a most recent value of $4.15 billion in 2024, rising from $1.23 billion in 2015. The previous period was $4.25 billion in 2023. View PayPal's forecast to see where analysts expect PayPal to go next.

What is PayPal's operating income?

PayPal's total operating income in 2024 was $5.33 billion, based on the following breakdown:

Total Gross Profit: $31.80 billion
Total Operating Expenses: $26.47 billion

How has PayPal revenue changed over the last 9 years?

Over the last 9 years, PayPal's total revenue changed from $9.25 billion in 2015 to $31.80 billion in 2024, a change of 243.8%.

How much debt does PayPal have?

PayPal's total liabilities were at $61.19 billion at the end of 2024, a 0.1% increase from 2023, and a 304.7% increase since 2015.

How much cash does PayPal have?

In the past 9 years, PayPal's cash and equivalents has ranged from $1.39 billion in 2015 to $9.08 billion in 2023, and is currently $6.56 billion as of their latest financial filing in 2024.

How has PayPal's book value per share changed over the last 9 years?

Over the last 9 years, PayPal's book value per share changed from 11.26 in 2015 to 20.37 in 2024, a change of 80.8%.

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This page (NASDAQ:PYPL) was last updated on 5/21/2025 by MarketBeat.com Staff

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PayPal (PYPL) Financials

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PayPal (PYPL) Financials

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