PayPal (PYPL) Financials

$65.84 -0.48 (-0.72%)

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

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

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

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

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

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

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

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

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

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

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

Frequently Asked Questions About PayPal's Financials

When does PayPal's financial year end?

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

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 4/30/2025 by MarketBeat.com Staff

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PayPal (PYPL) Financials

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PayPal (PYPL) Financials

Annual Income Statements for PayPal

Quarterly Income Statements for PayPal

Annual Cash Flow Statements for PayPal

Quarterly Cash Flow Statements for PayPal

Annual Balance Sheets for PayPal

Quarterly Balance Sheets for PayPal

Annual Metrics and Ratios for PayPal

Quarterly Metrics and Ratios for PayPal

Frequently Asked Questions About PayPal's Financials

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