PayPal Holdings Inc.'s income statement, balance sheet and cash flow statement as filed with the SEC (10-K and 10-Q), with the latest fiscal years and quarters. In its latest fiscal year (Dec 31, 2025 · FY), PayPal Holdings Inc. reported revenue of $33.2B (+4.3% year on year) and net income of $5.2B (+26.2% year on year).
| Line item | Dec 31, 2025 · FY | Dec 31, 2024 · FY | Dec 31, 2023 · FY | Dec 31, 2022 · FY |
|---|---|---|---|---|
| Net revenues | $33.2B | $31.8B | $29.8B | $27.5B |
| Transaction expense | $16.0B | $15.7B | $14.4B | $12.2B |
| Transaction and credit losses | $1.7B | $1.4B | $1.7B | $1.6B |
| Customer support and operations | $1.7B | $1.8B | $1.9B | $2.1B |
| Sales and marketing | $2.3B | $2.0B | $1.8B | $2.3B |
| Technology and development | $3.1B | $3.0B | $3.0B | $3.3B |
| General and administrative | $2.0B | $2.1B | $2.1B | $2.1B |
| Restructuring and other | $331.0M | $438.0M | ($84.0M) | — |
| Total operating expenses | $27.1B | $26.5B | $24.7B | $23.7B |
| Operating income | $6.1B | $5.3B | $5.0B | $3.8B |
| Other income (expense), net | $227.0M | $4.0M | $383.0M | ($471.0M) |
| Income before income taxes | $6.3B | $5.3B | $5.4B | $3.4B |
| Income tax expense | $1.1B | $1.2B | $1.2B | $947.0M |
| Net income (loss) | $5.2B | $4.1B | $4.2B | $2.4B |
| Basic (in dollars per share) | $5.46 | $4.03 | $3.85 | $2.10 |
| Diluted (in dollars per share) | $5.41 | $3.99 | $3.84 | $2.09 |
| Basic (in shares) | 959.0M | 1.0B | 1.1B | 1.2B |
| Diluted (in shares) | 968.0M | 1.0B | 1.1B | 1.2B |
| Line item | Jun 30, 2026 · Q2 | Mar 31, 2026 · Q1 | Sep 30, 2025 · Q3 | Jun 30, 2025 · Q2 |
|---|---|---|---|---|
| Net revenues | $8.7B | $8.4B | $8.4B | $8.3B |
| Transaction expense | $4.4B | $4.2B | $4.1B | $4.0B |
| Transaction and credit losses | $397.0M | $378.0M | $483.0M | $476.0M |
| Customer support and operations | $462.0M | $446.0M | $447.0M | $413.0M |
| Sales and marketing | $546.0M | $518.0M | $521.0M | $583.0M |
| Technology and development | $849.0M | $793.0M | $801.0M | $767.0M |
| General and administrative | $503.0M | $491.0M | $513.0M | $461.0M |
| Restructuring and other | $113.0M | $74.0M | $69.0M | $116.0M |
| Total operating expenses | $7.3B | $6.9B | $6.9B | $6.8B |
| Operating income | $1.4B | $1.5B | $1.5B | $1.5B |
| Other income (expense), net | ($117.0M) | ($95.0M) | $13.0M | $25.0M |
| Income before income taxes | $1.3B | $1.4B | $1.5B | $1.5B |
| Income tax expense | $206.0M | $280.0M | $285.0M | $268.0M |
| Net income (loss) | $1.1B | $1.1B | $1.2B | $1.3B |
| Basic (in dollars per share) | $1.26 | $1.22 | $1.31 | $1.30 |
| Diluted (in dollars per share) | $1.25 | $1.21 | $1.30 | $1.29 |
| Basic (in shares) | 877.0M | 913.0M | 950.0M | 969.0M |
| Diluted (in shares) | 882.0M | 920.0M | 960.0M | 977.0M |
| Line item | Dec 31, 2025 · FY | Dec 31, 2024 · FY | Dec 31, 2023 · FY | Dec 31, 2022 · FY |
|---|---|---|---|---|
| Cash and cash equivalents | $8.0B | $6.6B | $9.1B | $7.8B |
| Short-term investments | $2.4B | $4.3B | $5.0B | $3.1B |
| Accounts receivable, net | $840.0M | $984.0M | $1.1B | $963.0M |
| Loans and interest receivable, held for sale | $1.7B | $541.0M | $563.0M | — |
| Loans and interest receivable, net of allowances of $539 and $461 as of December 31, 2025 and 2024, respectively | $6.7B | $6.4B | $5.4B | $7.4B |
| Funds receivable and customer accounts | $38.2B | $37.7B | $38.9B | $36.4B |
| Prepaid expenses and other current assets | $1.8B | $4.7B | $2.5B | $1.9B |
| Total current assets | $59.8B | $61.1B | $62.6B | $57.5B |
| Long-term investments | $4.3B | $4.6B | $3.3B | $5.0B |
| Property and equipment, net | $1.7B | $1.5B | $1.5B | $1.7B |
| Goodwill | $10.9B | $10.8B | $11.0B | $11.2B |
| Intangible assets, net | $208.0M | $326.0M | $537.0M | $788.0M |
| Other assets | $3.3B | $3.3B | $3.3B | $2.5B |
| Total assets | $80.2B | $81.6B | $82.2B | $78.7B |
| Accounts payable | $240.0M | $227.0M | $139.0M | $126.0M |
| Funds payable and amounts due to customers | $40.2B | $39.7B | $41.9B | $40.1B |
| Accrued expenses and other current liabilities | $6.0B | $8.5B | $6.4B | $4.1B |
| Total current liabilities | $46.4B | $48.4B | $48.5B | $45.1B |
| Other long-term liabilities | $3.5B | $2.9B | $3.0B | — |
| Long-term debt | $10.0B | $9.9B | $9.7B | $10.4B |
| Total liabilities | $59.9B | $61.2B | $61.1B | $58.4B |
| Common stock, $0.0001 par value; 4,000 shares authorized; 920 and 993 shares outstanding as of December 31, 2025 and 2024, respectively | 0 | 0 | 0 | 0 |
| Preferred stock, $0.0001 par value; 100 shares authorized, unissued | 0 | 0 | 0 | 0 |
| Treasury stock at cost, 423 and 337 shares as of December 31, 2025 and 2024, respectively | -33.1B | -27.1B | -21.0B | -16.1B |
| Additional paid-in-capital | $21.6B | $20.7B | $19.6B | $18.3B |
| Retained earnings | $32.5B | $27.3B | $23.2B | $19.0B |
| Accumulated other comprehensive income (loss) | ($658.0M) | ($550.0M) | ($746.0M) | ($928.0M) |
| Total equity | $20.3B | $20.4B | $21.1B | $20.3B |
| Total liabilities and equity | $80.2B | $81.6B | $82.2B | $78.7B |
| Line item | Jun 30, 2026 | Mar 31, 2026 | Sep 30, 2025 | Jun 30, 2025 |
|---|---|---|---|---|
| Cash and cash equivalents | $8.3B | $7.0B | $9.0B | $6.7B |
| Short-term investments | $3.0B | $2.4B | $1.8B | $3.3B |
| Accounts receivable, net | $763.0M | $843.0M | $973.0M | $1.1B |
| Loans and interest receivable, held for sale | $1.9B | $1.8B | $1.4B | $817.0M |
| Loans and interest receivable, net of allowances of $533 and $539 as of June 30, 2026 and December 31, 2025, respectively | $6.8B | $6.7B | $6.4B | $6.9B |
| Funds receivable and customer accounts | $39.7B | $39.5B | $38.7B | $38.9B |
| Prepaid expenses and other current assets | $1.8B | $1.8B | $2.0B | $2.1B |
| Total current assets | $62.3B | $60.0B | $60.2B | $59.9B |
| Long-term investments | $4.0B | $4.1B | $3.6B | $3.6B |
| Property and equipment, net | $1.7B | $1.7B | $1.7B | $1.6B |
| Goodwill | $10.9B | $10.9B | $10.9B | $11.0B |
| Intangible assets, net | $178.0M | $206.0M | $226.0M | $271.0M |
| Other assets | $3.5B | $3.6B | $3.2B | $3.4B |
| Total assets | $82.7B | $80.5B | $79.8B | $79.8B |
| Accounts payable | $208.0M | $162.0M | $208.0M | $221.0M |
| Funds payable and amounts due to customers | $41.7B | $41.5B | $40.7B | $40.9B |
| Short-term debt | $2.5B | — | — | — |
| Accrued expenses and other current liabilities | $4.0B | $6.0B | $4.0B | $3.9B |
| Total current liabilities | $48.4B | $47.6B | $44.9B | $45.0B |
| Other long-term liabilities | $3.6B | $3.5B | $3.4B | $3.2B |
| Long-term debt | $10.9B | $9.4B | $11.3B | $11.3B |
| Total liabilities | $62.9B | $60.5B | $59.6B | $59.6B |
| Common stock, $0.0001 par value; 4,000 shares authorized; 862 and 920 shares outstanding as of June 30, 2026 and December 31, 2025, respectively | 0 | 0 | 0 | 0 |
| Preferred stock, $0.0001 par value; 100 shares authorized, unissued | 0 | 0 | 0 | 0 |
| Treasury stock at cost, 490 and 423 shares as of June 30, 2026 and December 31, 2025, respectively | -36.2B | -34.7B | -31.6B | -30.1B |
| Additional paid-in-capital | $22.1B | $21.7B | $21.4B | $21.1B |
| Retained earnings | $34.4B | $33.5B | $31.2B | $29.9B |
| Accumulated other comprehensive income (loss) | ($503.0M) | ($513.0M) | ($700.0M) | ($739.0M) |
| Total equity | $19.8B | $20.0B | $20.2B | $20.2B |
| Total liabilities and equity | $82.7B | $80.5B | $79.8B | $79.8B |
| Line item | Dec 31, 2025 · FY | Dec 31, 2024 · FY | Dec 31, 2023 · FY | Dec 31, 2022 · FY |
|---|---|---|---|---|
| Net income (loss) | $5.2B | $4.1B | $4.2B | $2.4B |
| Transaction and credit losses | $1.7B | $1.4B | $1.7B | $1.6B |
| Depreciation and amortization | $963.0M | $1.0B | $1.1B | $1.3B |
| Stock-based compensation | $1.0B | $1.2B | $1.5B | $1.3B |
| Deferred income taxes | $217.0M | $231.0M | ($668.0M) | ($811.0M) |
| Net (gains) losses on strategic investments | ($162.0M) | $285.0M | ($201.0M) | $304.0M |
| Gain on divestiture of business, excluding transaction costs | $0 | $0 | ($356.0M) | — |
| Accretion of discounts on investments, net of amortization of premiums | ($83.0M) | ($335.0M) | ($367.0M) | — |
| Adjustments to loans and interest receivable, held for sale | $193.0M | $125.0M | $53.0M | — |
| Other | ($287.0M) | ($3.0M) | ($104.0M) | $205.0M |
| Originations of loans receivable, held for sale | ($36.7B) | ($24.5B) | ($11.5B) | — |
| Proceeds from repayments and sales of loans receivable, originally classified as held for sale | $35.4B | $24.4B | $10.8B | — |
| Accounts receivable | $144.0M | $85.0M | ($114.0M) | ($163.0M) |
| Transaction loss allowance for cash losses, net | ($1.3B) | ($1.1B) | ($1.2B) | ($1.2B) |
| Other current assets and non-current assets | ($493.0M) | ($8.0M) | $203.0M | $118.0M |
| Accounts payable | $4.0M | $83.0M | $7.0M | ($35.0M) |
| Other current liabilities and non-current liabilities | $599.0M | $413.0M | ($222.0M) | $483.0M |
| Net cash provided by operating activities | $6.4B | $7.5B | $4.8B | $5.8B |
| Purchases of reverse repurchase agreements | ($201.0M) | ($424.0M) | — | — |
| Maturities of reverse repurchase agreements | $288.0M | $337.0M | — | — |
| Purchases of property and equipment | ($852.0M) | ($683.0M) | ($623.0M) | ($706.0M) |
| Proceeds from sales of property and equipment | $3.0M | $1.0M | $45.0M | $5.0M |
| Purchases and originations of loans receivable | ($20.2B) | ($21.8B) | ($25.2B) | ($28.2B) |
| Proceeds from repayments and sales of loans receivable, originally classified as held for investment | $19.7B | $20.3B | $26.7B | — |
| Purchases of investments | ($20.4B) | ($26.2B) | ($22.0B) | ($20.2B) |
| Maturities and sales of investments | $22.9B | $27.0B | $24.3B | $23.4B |
| Proceeds from divestiture of business, net of cash divested | $0 | $0 | $466.0M | — |
| Funds receivable | ($303.0M) | $2.9B | ($2.9B) | ($2.8B) |
| Collateral posted related to derivative instruments, net | ($149.0M) | $73.0M | ($56.0M) | ($19.0M) |
| Other | ($21.0M) | $159.0M | $86.0M | $187.0M |
| Net cash provided by investing activities | $797.0M | $1.6B | $752.0M | ($3.4B) |
| Borrowings from repurchase agreements | $2.9B | $656.0M | — | — |
| Repayments of repurchase agreements | ($2.9B) | ($656.0M) | — | — |
| Proceeds from issuance of common stock | $117.0M | $95.0M | $127.0M | $143.0M |
| Purchases of treasury stock | ($6.1B) | ($6.0B) | ($5.0B) | ($4.2B) |
| Tax withholdings related to net share settlements of equity awards | ($383.0M) | ($351.0M) | ($257.0M) | ($336.0M) |
| Borrowings under financing arrangements | $2.6B | $1.5B | $1.5B | $3.5B |
| Repayments under financing arrangements | ($2.2B) | ($1.7B) | ($1.1B) | ($1.7B) |
| Funds payable and amounts due to customers | $174.0M | ($2.0B) | $1.9B | $1.5B |
| Collateral received related to derivative instruments and reverse repurchase agreements, net | ($160.0M) | $156.0M | — | — |
| Payments of dividends to stockholders | ($130.0M) | — | — | — |
| Other | ($6.0M) | ($60.0M) | $0 | $1.0M |
| Net cash used in financing activities | ($6.0B) | ($8.3B) | ($3.0B) | ($1.1B) |
| Effect of exchange rate changes on cash, cash equivalents, and restricted cash | $273.0M | ($207.0M) | $76.0M | ($155.0M) |
| Net change in cash, cash equivalents, and restricted cash | $1.5B | $556.0M | $2.7B | $1.1B |
| Line item | Jun 30, 2026 · YTD | Mar 31, 2026 · Q1 | Sep 30, 2025 · YTD | Jun 30, 2025 · YTD |
|---|---|---|---|---|
| Net income (loss) | $2.2B | $1.1B | $3.8B | $2.5B |
| Transaction and credit losses | $775.0M | $378.0M | $1.3B | $847.0M |
| Depreciation and amortization | $484.0M | $238.0M | $729.0M | $484.0M |
| Stock-based compensation | $534.0M | $259.0M | $792.0M | $535.0M |
| Deferred income taxes | ($175.0M) | ($290.0M) | $93.0M | ($89.0M) |
| Net (gains) losses on strategic investments | $175.0M | $101.0M | ($69.0M) | ($59.0M) |
| Accretion of discounts on investments, net of amortization of premiums | ($19.0M) | ($8.0M) | ($77.0M) | ($57.0M) |
| Adjustments to loans and interest receivable, held for sale | $126.0M | $61.0M | $122.0M | $52.0M |
| Other | $79.0M | $70.0M | ($245.0M) | ($297.0M) |
| Originations of loans receivable, held for sale | ($23.8B) | ($11.3B) | ($24.0B) | ($14.4B) |
| Proceeds from repayments and sales of loans receivable, originally classified as held for sale | $23.4B | $11.1B | $23.2B | $14.1B |
| Accounts receivable | $78.0M | ($2.0M) | $11.0M | ($115.0M) |
| Transaction loss allowance for cash losses, net | ($602.0M) | ($313.0M) | — | — |
| Other current assets and non-current assets | $57.0M | $249.0M | — | — |
| Accounts payable | $2.0M | ($52.0M) | ($6.0M) | ($50.0M) |
| Other current liabilities and non-current liabilities | ($208.0M) | ($437.0M) | — | — |
| Net cash provided by operating activities | $3.1B | $1.1B | $4.0B | $2.1B |
| Purchases of reverse repurchase agreements | $0 | $0 | ($201.0M) | ($201.0M) |
| Maturities of reverse repurchase agreements | $0 | $0 | $288.0M | $288.0M |
| Purchases of property and equipment | ($439.0M) | ($231.0M) | ($658.0M) | ($402.0M) |
| Proceeds from sales of property and equipment | $19.0M | $8.0M | $3.0M | $3.0M |
| Purchases and originations of loans receivable | ($8.0B) | ($3.9B) | ($15.9B) | ($11.5B) |
| Proceeds from repayments and sales of loans receivable, originally classified as held for investment | $7.6B | $3.8B | $15.9B | $11.2B |
| Purchases of investments | ($13.0B) | ($5.9B) | ($16.0B) | ($11.6B) |
| Maturities and sales of investments | $9.7B | $4.5B | $19.0B | $11.6B |
| Acquisitions, net of cash acquired | ($122.0M) | ($122.0M) | — | — |
| Funds receivable | ($824.0M) | ($352.0M) | ($1.2B) | ($2.8B) |
| Collateral posted related to derivative instruments, net | $136.0M | $110.0M | ($207.0M) | ($316.0M) |
| Other | $0 | — | ($15.0M) | ($15.0M) |
| Net cash used in investing activities | ($5.0B) | ($2.1B) | $1.1B | ($3.7B) |
| Borrowings from repurchase agreements | $0 | — | $2.9B | $405.0M |
| Repayments of repurchase agreements | $0 | — | ($2.9B) | ($405.0M) |
| Proceeds from issuance of common stock | $60.0M | — | $74.0M | $74.0M |
| Purchases of treasury stock | ($3.1B) | ($1.5B) | ($4.6B) | ($3.1B) |
| Tax withholdings related to net share settlements of equity awards | ($185.0M) | ($127.0M) | ($317.0M) | ($249.0M) |
| Borrowings under financing arrangements | $3.5B | $930.0M | $2.2B | $1.5B |
| Repayments under financing arrangements | ($1.7B) | ($932.0M) | ($2.0B) | ($1.2B) |
| Funds payable and amounts due to customers | $1.3B | $1.1B | $663.0M | $913.0M |
| Collateral received related to derivative instruments and reverse repurchase agreements, net | $118.0M | $108.0M | ($155.0M) | ($145.0M) |
| Payments of dividends to stockholders | ($252.0M) | ($130.0M) | — | — |
| Other | ($6.0M) | ($2.0M) | ($6.0M) | ($6.0M) |
| Net cash used in financing activities | ($156.0M) | ($559.0M) | ($4.0B) | ($2.2B) |
| Effect of exchange rate changes on cash, cash equivalents, and restricted cash | ($21.0M) | ($50.0M) | $245.0M | $289.0M |
| Net change in cash, cash equivalents, and restricted cash | ($2.0B) | ($1.6B) | $1.4B | ($3.5B) |
| Cash, cash equivalents, and restricted cash at beginning of period | $24.0B | $24.0B | $22.5B | $22.5B |
PayPal Holdings Inc. score and earnings-call analysis · All covered companies
Figures as reported in SEC filings. General information, not investment advice.