PayPal Stock PYPL
PayPal stock (PYPL): Quarterly and annual results since 2023 from Quarterly Report and SEC filings: revenue, earnings, balance sheet, cash flow and management guidance, every figure with its source. As of 07/2026, quarterly reporting. Stock analysis by NadirAlpha. PayPal stock (PYPL): listed on Nasdaq, index S&P 500, Nasdaq 100, WKN A14R7U. NadirAlpha has evaluated 44 original documents, cross-checked every figure automatically and linked each to its source; sources as of 07/2026. Revenue Q2 2026: USD 8.7 billion (+5% year on year). Latest reported (Q2 2026): Active accounts, Payment transactions, Payment transactions per active account. Latest reading: Margin compressing, Cash flow inflection, Guidance raised, Strategic pivot.
Margin compressing Cash flow inflection Guidance raised strategy: Strategic pivot
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PayPal Current Status
Where PayPal stands after the report for Q2 2026: what changed in revenue, earnings and outlook, written editorially from the original report. NadirAlpha methodology
Assessment by NadirAlpha, as of Q2 2026.
PayPal reported net revenues of 8,682 million for Q2 2026, up 5% year-over-year on a reported basis and 3% on a currency-neutral basis, supported by total payment volume growth of 10% to $486.4 billion 29 30. GAAP diluted EPS was 1.25, down 3%, and non-GAAP EPS was 1.38, down 1% compared to the prior-year period 30. Active accounts reached 439 million at the end of Q2 2026, an increase of 0.3% year-over-year 30. In April 2026, PayPal announced a strategic reorganization and business simplification, with first-phase implementation already under way during the quarter 29.
Management commentary on the 2026-Q2 results (8-K-EX99.1, 2026-07-28):
“I'm encouraged by the progress we made this quarter. We moved with urgency to sharpen our transformation plan and advance our growth strategies across our three businesses. Branded checkout has further stabilized and we're building on the strong momentum in Venmo and Braintree as well as diversifying our business model through financial services. Based on the strength of our execution and confidence in the trajectory of the business, we're raising our full-year non-GAAP guidance. Our transformation is well underway, and we're executing with discipline on our priorities to deliver durable, profitable growth over the long term.” Enrique Lores, President and CEO 30
Revenue · 2026-Q28,682$m+4.8 % vs. 2025-Q2
Net profit · 2026-Q21,104$m−12.5 % vs. 2025-Q2
EPS · 2026-Q21.25$−3.1 % vs. 2025-Q2
Revenue trend
Guidance
For FY2026, PayPal guides EPS (non-GAAP) ~5.38 $ (raised); EPS (GAAP) Mid-single digit decline (confirmed). 30 For 2026-Q3, PayPal guides EPS (GAAP) Low-single digit decline (initiated); EPS (non-GAAP) Low-single digit decline (initiated). 30
ProfitabilityGAAP operating income was 1,427 million in Q2 2026, down 5%, and non-GAAP operating income was 1,507 million, down 8% from the prior-year quarter 30. Net income was 1,104 million, compared to 1,261 million in Q2 2025 29. Operating cash flow was 1,983 million, up 121% year-over-year, and free cash flow was 1,775 million; the quarter included $44 million in restructuring charges primarily for employee severance related to the reorganization 29.
LeverageCash and cash equivalents were 8,306 million as of June 30, 2026, compared to 8,049 million at December 31, 2025 29. Net debt stood at 5,094 million at the end of the quarter 130. PayPal returned $1.5 billion to stockholders through share repurchases in Q2 2026, with $6.0 billion returned on a trailing twelve-month basis, and the board declared a cash dividend of $0.14 per share payable September 25, 2026 30.
Management viewFirst-phase actions of the strategic reorganization are expected to generate approximately $400 million in run-rate gross savings by year-end 2026 29. PayPal raised its full-year non-GAAP transaction margin dollars and EPS guidance following Q2 results 30. Ongoing product priorities noted during the quarter include branded checkout stabilization, Venmo expansion, and Braintree growth as areas of commercial focus 30.
ChangeOperating margin compressed to 16% in Q2 2026 from 18% in the prior-year quarter, reflecting higher transaction expenses that outpaced revenue growth 29. Other income (expense), net was negative $117 million for Q2 2026, compared to positive $25 million in Q2 2025, driven by losses on strategic investments 29. Transaction margin dollars grew 1% to $3.9 billion in the quarter; excluding interest on customer balances, the growth rate was 3% to $3.6 billion 30.
Risks (current)PayPal faces FTC Civil Investigative Demands regarding commercial customer practices and merchant onboarding due diligence, and a German Federal Cartel Office investigation regarding merchant surcharging restrictions and parity presentation terms 29. Consumer and merchant receivables portfolios are subject to delinquency and charge-off risk, and third-party custodians holding customer cryptocurrency assets present risks including theft, inadequate insurance, operational disruption, and failure to safeguard assets 29. Heightened global regulatory scrutiny of the payments industry covering AML, CFT, privacy, and cybersecurity requirements represents a broader sector-level compliance risk 29.
New this reporting periodIn April 2026, PayPal announced a Strategic Reorganization and Business Simplification targeting at least $1.5 billion in gross annualized run-rate savings over two to three years 29. PayPal issued $2.0 billion in fixed-rate notes in May 2026 with maturities ranging from 2028 to 2036 for general corporate purposes and potential debt repayment 29. Financial services diversification was identified as a planned strategic direction noted in the Q2 2026 earnings context 30.
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PayPal Stock: Key Figures ($m)
The core financial figures of PayPal stock in three views: fiscal years up to FY2026, half-years and quarters up to Q2 2026, in $m, most recent period first. NadirAlpha extracts all values automatically from the filings; errors are possible; please verify decision-relevant figures yourself by clicking through to the linked original. NadirAlpha methodology
All figures serve only to support your own investment decision and are not a recommendation; the company's original reports are authoritative.
Revenue ($m) · annual basis, as reported
Net income ($m) · annual basis, as reported
EPS ($) · annual basis, as reported
Operating cash flow ($m) · annual basis, as reported
Revenue ($m) · quarterly basis, as reported
Net income ($m) · quarterly basis, as reported
EPS ($) · quarterly basis, as reported
Operating cash flow ($m) · quarterly basis, as reported
Cash ($m) · annual basis, as reported
Debt ($m) · annual basis, as reported
Net Debt ($m) · annual basis, as reported
Capex ($m) · annual basis, as reported
FCF ($m) · annual basis, as reported
D&A ($m) · annual basis, as reported
Cash ($m) · quarterly basis, as reported
Debt ($m) · quarterly basis, as reported
Net Debt ($m) · quarterly basis, as reported
Capex ($m) · quarterly basis, as reported
FCF ($m) · quarterly basis, as reported
D&A ($m) · quarterly basis, as reported
Shown: the most recent fiscal years. Full history since FY2016 is on record.
Fiscal years
Amounts in $m · EPS in $ per share · as reported
| Period | Revenue | Op. income | Op. income (adj.) | Net income | EPS ($) | EPS adj. ($) | OCF | Source |
|---|---|---|---|---|---|---|---|---|
| FY2025 | 33,172 | 6,065 | 4,874 | 5,233 | 5.41 | 5.31 | 6,416 | 25 |
| FY2024 | 31,797 | 5,325 | 4,670 | 4,147 | 3.99 | 4.65 | 7,450 | 17 |
| FY2023 | 29,771 | 5,028 | 5,121 | 4,246 | 3.84 | 3.83 | 4,843 | 10 |
Quarters
Amounts in $m · EPS in $ per share · as reported
| Period | Published | Revenue | Op. income | Op. income (adj.) | Net income | EPS ($) | EPS adj. ($) | FCF | Cash | Net Debt | Source |
|---|---|---|---|---|---|---|---|---|---|---|---|
| 2026-Q2* | 2026-07-28 | 8,682 | 1,427 | 1,507 | 1,104 | 1.25 | 1.38 | 1,775 | 8,306 | 5,094 | 130 |
| 2026-Q1* | 2026-05-05 | 8,353 | 1,488 | 1,541 | 1,113 | 1.21 | 1.34 | 903 | 6,977 | 3,899~ | 27 |
| 2025-Q4* | 2026-02-03 | 8,676 | 1,511 | 1,550 | 1,437 | 1.44*≈ | 1.23 | 2,190 | 8,049 | 3,534 | 25 |
| 2025-Q3* | 2025-10-28 | 8,417 | 1,520 | 1,568 | 1,248 | 1.30 | 1.34 | 1,718 | 8,995 | 2,281~ | 124 |
| 2025-Q2* | 2025-07-29 | 8,288 | 1,504 | 140~ | 1,261 | 1.29 | 1.40 | 692 | 6,688 | 4,608~ | 21 |
| 2025-Q1* | 2025-04-29 | 7,791 | 1,530 | 1,616 | 1,287 | 1.29 | 1.33 | 964 | 7,569 | 3,848~ | 19 |
| 2024-Q4* | 2025-02-04 | 8,366 | 1,441 | 1,502 | 1,121 | 1.08*≈ | 1.19 | 2,191 | 6,662 | 3,217~ | 17 |
| 2024-Q3* | 2024-10-29 | 7,847 | 1,391 | 1,477 | 1,010 | 0.99 | 1.20 | 1,445 | 7,372 | 2,604 | 15 |
| 2024-Q2* | 2024-07-30 | 7,885 | 1,325 | 1,460 | 1,128 | 1.08 | 1.19 | 1,368 | 7,801 | 1,926 | 13 |
| 2024-Q1* | 2024-04-30 | 7,699 | 1,168 | 231~ | 888 | 0.83 | 1.08 | 1,763 | 9,693 | -10 | 11 |
| 2023-Q4* | 2024-02-07 | 8,026 | 1,728 | 1,468 | 1,402 | 1.27*≈ | 1.14 | 2,469 | 9,081 | 595 | 9 |
| 2023-Q3* | 2023-11-01 | 7,418 | 1,168 | 1,252 | 1,020 | 0.93 | 0.98 | 1,101 | 6,816 | 3,824 | 7 |
| 2023-Q2* | 2023-08-03 | 7,287 | 1,133 | 1,181 | 1,029 | 0.92 | 0.87 | -350 | 5,504 | 5,045 | 6 |
| 2023-Q1* | 2023-05-09 | 7,040 | 999 | 1,220 | 795 | 0.70 | 0.85 | 1,000 | 7,101 | 3,380 | 4 |
* derived: values with formula provenance (hover); Q4 = FY − 9M · H2 = FY − H1 · EPS via implied shares · net debt = financial debt − cash · FCF = OCF − |capex|.
Columns not reported in this reporting cadence are hidden: EBITDA (adj.) (not reported in any source for these periods).
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PayPal Balance Sheet & Cash Flow ($m)
Balance sheet and cash flow of PayPal up to Q2 2026 in $m: net debt = financial debt minus cash, free cash flow = operating cash flow minus capex, every input sourced. NadirAlpha extracts all values automatically from the filings; errors are possible; please verify decision-relevant figures yourself by clicking through to the linked original. NadirAlpha methodology
Fiscal years
Amounts in $m · as reported
| Period | Published | Cash | Debt | Net Debt | D&A | OCF | Capex | FCF | Source |
|---|---|---|---|---|---|---|---|---|---|
| FY2025 | 2026-02-03 | 8,049 | 11,583 | 3,534 | 963 | 6,416 | 852 | 5,564 | 25 |
| FY2024 | 2025-02-04 | 6,662 | 9,879~ | 3,217~ | 1,032 | 7,450 | 683 | 6,767 | 17 |
| FY2023 | 2024-02-08 | 9,081 | 9,676 | 595 | 1,072 | 4,843 | 623 | 4,220 | 10 |
Quarters
Amounts in $m · as reported
| Period | Published | Cash | Debt | Net Debt | D&A | OCF | Capex | FCF | Source |
|---|---|---|---|---|---|---|---|---|---|
| 2026-Q2 | 2026-07-28 | 8,306 | 13,400 | 5,094 | 246 | 1,983 | 208 | 1,775 | 130 |
| 2026-Q1 | 2026-05-05 | 6,977 | 10,876~ | 3,899~ | 238 | 1,134 | 231 | 903 | 27 |
| 2025-Q4 | 2026-02-03 | 8,049 | 11,583 | 3,534 | 234 | 2,384 | 194 | 2,190 | 25 |
| 2025-Q3 | 2025-10-28 | 8,995 | 11,276~ | 2,281~ | 245 | 1,974 | 256 | 1,718 | 124 |
| 2025-Q2 | 2025-07-29 | 6,688 | 11,296~ | 4,608~ | 239 | 898 | 206 | 692 | 21 |
| 2025-Q1 | 2025-04-29 | 7,569 | 11,417~ | 3,848~ | 245 | 1,160 | 196 | 964 | 19 |
| 2024-Q4 | 2025-02-04 | 6,662 | 9,879~ | 3,217~ | 249 | 2,394 | 203 | 2,191 | 17 |
| 2024-Q3 | 2024-10-29 | 7,372 | 9,976 | 2,604 | 255 | 1,614 | 169 | 1,445 | 15 |
| 2024-Q2 | 2024-07-30 | 7,801 | 9,727 | 1,926 | 263 | 1,525 | 157 | 1,368 | 13 |
| 2024-Q1 | 2024-04-30 | 9,693 | 9,683 | -10 | 265 | 1,917 | 154 | 1,763 | 11 |
| 2023-Q4 | 2024-02-07 | 9,081 | 9,676 | 595 | 263 | 2,614 | 145 | 2,469 | 9 |
| 2023-Q3 | 2023-11-01 | 6,816 | 10,640 | 3,824 | 270 | 1,259 | 158 | 1,101 | 7 |
| 2023-Q2 | 2023-08-03 | 5,504 | 10,549 | 5,045 | 269 | -200 | 150 | -350 | 6 |
| 2023-Q1 | 2023-05-09 | 7,101 | 10,481 | 3,380 | 270 | 1,170 | 170 | 1,000 | 4 |
Debt = long-term + current · Net debt = debt − cash · FCF = OCF − capex.
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PayPal Guidance Tracking (latest per metric/period · 12/39)
What PayPal guided for Q2 2026 and beyond and whether the targets were met; ranges count as met when the actual lies within. NadirAlpha methodology
Actuals: revenue in $m · EPS in $ per share · ratios in %
Direction: confirmedcutinitiatedraised Verdict: beatin linemisspending
| For period | Guided on | Metric | Guided | Actual | Verdict | Direction | Source |
|---|---|---|---|---|---|---|---|
| FY2026 | 2026-07-28 | EPS (non-GAAP) | ~5.38 | – | 30 | ||
| FY2026 | 2026-05-05 | EPS (GAAP) | Mid-single digit decline | – | 30 | ||
| 2026-Q3 | 2026-07-28 | EPS (GAAP) | Low-single digit decline | – | 30 | ||
| 2026-Q3 | 2026-07-28 | EPS (non-GAAP) | Low-single digit decline | – | 30 | ||
| 2026-Q2 | 2026-05-05 | EPS (GAAP) | Mid-single digit decline | 1.25 | – | 28 | |
| 2026-Q2 | 2026-05-05 | EPS (non-GAAP) | ~-9% | 1.38 | 28 | ||
| FY2025 | 2025-07-29 | EPS (GAAP) | 4.9–5.05 | 5.41 | 22 | ||
| FY2025 | 2025-07-29 | EPS (non-GAAP) | 5.15–5.3 | 5.31 | 22 | ||
| 2025-Q3 | 2025-07-29 | EPS (GAAP) | 1.14–1.18 | 1.3 | 22 | ||
| 2025-Q3 | 2025-07-29 | EPS (non-GAAP) | 1.18–1.22 | 1.34 | 22 | ||
| 2025-Q2 | 2025-04-29 | EPS (GAAP) | 1.24–1.26 | 1.29 | 20 | ||
| 2025-Q2 | 2025-04-29 | EPS (non-GAAP) | 1.29–1.31 | 1.4 | 20 | ||
| FY2024 | 2024-10-29 | EPS (GAAP) | 3.92–3.96 | 3.99 | 16 | ||
| FY2024 | 2024-10-29 | EPS (non-GAAP) | High teens growth | 4.65 | – | 16 | |
| 2024-Q4 | 2024-10-29 | EPS (GAAP) | 1.03–1.07 | 1.08 | 16 | ||
| 2024-Q4 | 2024-10-29 | EPS (non-GAAP) | Low to mid-single-digit decrease | 1.19 | – | 16 | |
| 2024-Q3 | 2024-07-30 | EPS (GAAP) | 0.96–0.98 | 0.99 | 14 | ||
| 2024-Q3 | 2024-07-30 | EPS (non-GAAP) | High single-digit | 1.2 | – | 14 | |
| 2024-Q2 | 2024-04-30 | EPS (non-GAAP) | 0.87 | 1.19 | 12 | ||
| 2024-Q2 | 2024-04-30 | Revenue growth (YoY) | 6.5–7% | 8.2 | 12 | ||
| 2024-Q1 | 2024-02-07 | EPS (GAAP) | mid-single digits | 0.83 | – | 9 | |
| 2024-Q1 | 2024-02-07 | EPS (non-GAAP) | mid-single digits | 1.08 | – | 9 | |
| 2024-Q1 | 2024-02-07 | Revenue growth (YoY) | ~6.5% | 9.4 | – | 9 | |
| 2024-Q1 | 2024-02-07 | Net revenues (FXN) | ~7% | – | – | 9 | |
| FY2023 | 2023-11-01 | EPS (GAAP) | ~3.75 | 3.84 | 7 | ||
| FY2023 | 2023-11-01 | EPS (non-GAAP) | ~4.98 | 3.83 | 7 | ||
| FY2023 | 2023-02-09 | Share repurchases as percentage of free cash flow | ~75% | – | – | 1 | |
| 2023-Q4 | 2023-11-01 | EPS (GAAP) | ~1.2 | 1.27 | 7 | ||
| 2023-Q4 | 2023-11-01 | EPS (non-GAAP) | ~1.36 | 1.14 | 7 | ||
| 2023-Q4 | 2023-11-01 | Revenue growth (YoY) | -8–7% | 8.7 | – | 7 | |
| 2023-Q3 | 2023-08-02 | Revenue | ~7,400 | 7,418 | 5 | ||
| 2023-Q3 | 2023-08-02 | EPS (GAAP) | 0.85–0.87 | 0.93 | 5 | ||
| 2023-Q3 | 2023-08-02 | EPS (non-GAAP) | 1.22–1.24 | 0.98 | 5 | ||
| 2023-Q2 | 2023-05-08 | EPS (GAAP) | 0.81–0.83 | 0.92 | 3 | ||
| 2023-Q2 | 2023-05-08 | EPS (non-GAAP) | 1.15–1.17 | 0.87 | 3 | ||
| 2023-Q2 | 2023-05-08 | Revenue growth (YoY) | -8–7.5% | 7.1 | – | 3 | |
| 2023-Q1 | 2023-02-09 | EPS (GAAP) | 0.62–0.64 | 0.7 | 1 | ||
| 2023-Q1 | 2023-02-09 | EPS (non-GAAP) | -25–23% | 0.85 | 1 | ||
| 2023-Q1 | 2023-02-09 | Revenue growth (YoY) | ~7.5% | 8.6 | 1 |
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PayPal Stock: Price & Chart
Interactive price chart of PayPal stock (TradingView) and the trend of key figures from the core tables; the chart loads only after a click and then connects to TradingView. NadirAlpha methodology
Daily candles with news and earnings markers. Loads only on click.
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PayPal Event Timeline
NadirAlpha sorts 40 events of PayPal by quarter, most recent first, each with source number and event type, management quotes as direct quotes at the start of the quarter. NadirAlpha methodology
Overview: one dot per event · click jumps to the period
2026 · 6 events
Margin compressing 2026-07-28
GAAP operating margin compressed to 16% from 18% in the prior-year period, driven by unfavorable transaction expense growth 29
GAAP operating margin compressed to 16% from 18% in the prior-year period, driven by unfavorable transaction expense growth 29
Guidance raised 2026-07-28
Full-year non-GAAP transaction margin dollars and EPS guidance raised after Q2 results 30
Full-year non-GAAP transaction margin dollars and EPS guidance raised after Q2 results 30
Strategic pivot 2026-07-28
Strategic reorganization announced targeting at least $1.5 billion in gross annualized run-rate savings over 2-3 years; first phase actions expected to generate approximately $400 million run-rate savings by year-end 2026 29
Strategic reorganization announced targeting at least $1.5 billion in gross annualized run-rate savings over 2-3 years; first phase actions expected to generate approximately $400 million run-rate savings by year-end 2026 29
Cash flow inflection 2026-07-28
Operating cash flow reached USD 1,983.0 million vs USD 898.0 million in 2025-Q2 (×2.2). 130
Operating cash flow reached USD 1,983.0 million vs USD 898.0 million in 2025-Q2 (×2.2). 130
“I'm energized by the opportunity to improve execution and accelerate PayPal's growth. The company has valuable assets in our brands, technology, and team, and there is significant potential ahead of us. We are taking deliberate steps to sharpen our strategy, simplify our organization, and improve both our growth trajectory and cost structure by focusing our investments where we believe they will have the greatest impact. I am confident in our ability to put the company on a more durable path to long-term growth and shareholder value creation, and we are executing with urgency.” Enrique Lores, President and CEO 28
revenue 2026-05-05
Net revenues grew 7% YoY to USD 8,353 million driven by 11% TPV growth and partner institution revenue, partially offset by unfavorable hedging impact 27
Net revenues grew 7% YoY to USD 8,353 million driven by 11% TPV growth and partner institution revenue, partially offset by unfavorable hedging impact 27
Margin compressing 2026-05-05
GAAP operating margin contracted 182 basis points to 17.8%; non-GAAP operating margin contracted 229 basis points to 18.4% as operating expense growth outpaced revenue 28
GAAP operating margin contracted 182 basis points to 17.8%; non-GAAP operating margin contracted 229 basis points to 18.4% as operating expense growth outpaced revenue 28
2025 · 11 events
“In 2025, PayPal delivered solid performance across multiple areas of the business. We grew revenue, transaction margin dollars, and earnings per share, underscoring the strength of our increasingly diversified platform. At the same time, our execution has not been where it needs to be, particularly in branded checkout. As announced today, the Board's appointment of Enrique Lores as PayPal's next President and CEO reflects a clear commitment to strengthening execution, innovation, and results. We are fully aligned on the path forward as PayPal enters its next chapter of growth.” Jamie Miller, Interim CEO 26
earnings 2026-02-03
Net income increased 26% to 5,233 million for full year 2025, driven by higher operating income, gains on strategic investments, and lower effective tax rate of 17% compared to 22% in 2024 25
Net income increased 26% to 5,233 million for full year 2025, driven by higher operating income, gains on strategic investments, and lower effective tax rate of 17% compared to 22% in 2024 25
Margin expanding 2026-02-03
GAAP operating margin expanded 154 basis points to 18.3% for full year 2025 26
GAAP operating margin expanded 154 basis points to 18.3% for full year 2025 26
“PayPal delivered another strong quarter and we are raising guidance, with broad-based profitable growth across branded experiences, PSP, and Venmo. We have returned the company to growth and are on pace for 6% to 7% transaction margin dollar growth in 2025 when excluding interest on customer balances. We are also building for an agentic future, partnering with leaders such as Google, OpenAI, and Perplexity. This is a stronger company today than we were two years ago. With differentiated competitive advantages, clear strategic direction and building execution momentum, we believe we are exceptionally well-placed to win into the future.” Alex Chriss, President and CEO 24
Operational disruption 2025-10-28
Temporary service disruption in August 2025 caused by a coding error in a system update, primarily impacting customers and partners in Germany, with associated fraudulent transaction activity 23
Temporary service disruption in August 2025 caused by a coding error in a system update, primarily impacting customers and partners in Germany, with associated fraudulent transaction activity 23
Guidance raised 2025-10-28
Full year guidance raised for transaction margin dollars and EPS; free cash flow guidance reaffirmed 24
Full year guidance raised for transaction margin dollars and EPS; free cash flow guidance reaffirmed 24
Strategic pivot 2025-10-28
Board approved initiation of quarterly cash dividend program with first declared dividend of $0.14 per share, representing a targeted 10% payout ratio of non-GAAP net income 24
Board approved initiation of quarterly cash dividend program with first declared dividend of $0.14 per share, representing a targeted 10% payout ratio of non-GAAP net income 24
“PayPal had a strong second quarter. We delivered another quarter of profitable growth, driven by continued strength across many of our strategic initiatives ranging from PayPal and Venmo branded experiences to PSP and value-added services. Based on our momentum, we are raising our full year transaction margin dollar and EPS guidance. I'm proud of our team for leading the industry forward in shaping the future of commerce with innovations like agentic commerce, ads, stablecoins, and PayPal World, which will broaden the reach of our branded experiences globally.” Alex Chriss, President and Chief Executive Officer 22
Revenue accelerating 2025-07-29
Net revenues increased 5% to 8,288 million, driven by 6% TPV growth and higher interest and fee revenue on loans receivable 22
Net revenues increased 5% to 8,288 million, driven by 6% TPV growth and higher interest and fee revenue on loans receivable 22
Strategic pivot 2025-07-29
Q2 2025 restructuring plan initiated to reengineer technology infrastructure, targeting $280 million in annualized cost savings over 18-42 months 21
Q2 2025 restructuring plan initiated to reengineer technology infrastructure, targeting $280 million in annualized cost savings over 18-42 months 21
“PayPal had a great start to the year and our strategy is working. This is our fifth consecutive quarter of profitable growth with progress across branded checkout, PSP, omnichannel, and Venmo. We are transforming into the leading commerce platform connecting consumers and merchants globally. Our foundation is solid and we have multiple ways to win.” Alex Chriss, President and Chief Executive Officer 20
earnings 2025-04-29
GAAP operating income increased 31% to 1,530 million, driven by improved operating leverage from lower transaction expenses and reduced restructuring charges 20
GAAP operating income increased 31% to 1,530 million, driven by improved operating leverage from lower transaction expenses and reduced restructuring charges 20
Guidance confirmed 2025-04-29
Full year 2025 guidance maintained due to uncertainty in the global macro environment 20
Full year 2025 guidance maintained due to uncertainty in the global macro environment 20
2024 · 12 events
“PayPal had a strong finish to a successful 2024 with results that were better than we expected. We set out at the beginning of 2024 to narrow our focus, improve execution, and reposition the business. One year later, I'm proud that we've laid a strong foundation for long-term, profitable growth across the company's most important areas. The improvements we made to branded checkout, peer-to-peer, and Venmo, plus the progress we made on our price-to-value strategy, are beginning to show up in our results. The strong momentum we've created sets us up well for 2025, which is about scaling adoption. I'm excited to share more at our Investor Day later this month.” Alex Chriss, President and CEO 18
earnings 2025-02-04
Q4 free cash flow of USD 2,191 million decreased 11% year-over-year, while full-year free cash flow increased 60% to USD 6,767 million 18
Q4 free cash flow of USD 2,191 million decreased 11% year-over-year, while full-year free cash flow increased 60% to USD 6,767 million 18
revenue 2025-02-04
Q4 net revenues grew 4% to USD 8,366 million, with total payment volume up 7% to $437.8 billion 18
Q4 net revenues grew 4% to USD 8,366 million, with total payment volume up 7% to $437.8 billion 18
Strategic pivot 2025-02-04
Board authorized new $15 billion stock repurchase program; $6.0 billion returned to stockholders via approximately 92 million shares in FY2024 18
Board authorized new $15 billion stock repurchase program; $6.0 billion returned to stockholders via approximately 92 million shares in FY2024 18
“PayPal delivered strong financial and operating results during a highly productive third quarter. We are making solid progress in our transformation as we bring new innovations to market, forge important partnerships with leading commerce players, and drive awareness and engagement through new marketing campaigns. We are raising our full year non-GAAP guidance and are pleased with the strength we are seeing across the business. We've built a solid foundation in this last year that will serve us in the years to come.” Alex Chriss, President and CEO 16
Margin expanding 2024-10-29
GAAP operating margin expanded 198 basis points to 17.7%; non-GAAP operating margin expanded 194 basis points to 18.8% 16
GAAP operating margin expanded 198 basis points to 17.7%; non-GAAP operating margin expanded 194 basis points to 18.8% 16
“PayPal delivered a strong second quarter and first half, and I'm confident we're on the right track. We delivered our best transaction margin dollar growth since 2021, and we are making steady progress on our strategic transformation, while investing in innovation and operating more efficiently. Given the strength of our business, we are raising our 2024 guidance and increasing share repurchases. We are operating from a position of strength, delivering for our customers, and focusing on long-term profitable growth.” Alex Chriss, President and CEO 14
Margin expanding 2024-07-30
Transaction margin dollars grew 8% to $3.6 billion, best performance since 2021; non-GAAP operating income increased 24% to USD 1,460 million 14
Transaction margin dollars grew 8% to $3.6 billion, best performance since 2021; non-GAAP operating income increased 24% to USD 1,460 million 14
Net cash to net debt 2024-07-30
$1.3 billion in fixed rate notes issued in May 2024; net debt moved to USD 1,926 million from near-zero at end of Q1 2024 13
$1.3 billion in fixed rate notes issued in May 2024; net debt moved to USD 1,926 million from near-zero at end of Q1 2024 13
Guidance raised 2024-07-30
Full-year GAAP EPS guidance raised to $3.88 to $3.98; non-GAAP EPS growth guidance raised to low to mid-teens 14
Full-year GAAP EPS guidance raised to $3.88 to $3.98; non-GAAP EPS growth guidance raised to low to mid-teens 14
“We delivered a solid set of results in Q1 and I'm encouraged by the progress the team is making against PayPal's go-forward strategy and in strengthening our foundation. 2024 remains a transition year and we are focused on execution, driving our key strategic initiatives, realizing cost savings, and reinvesting appropriately to position the company for consistent, high-quality profitable growth in the future.” Alex Chriss, President and CEO 12
Strategic pivot 2024-04-30
Global workforce reduction initiated; annualized employee-related cost savings of approximately $560 million expected including stock-based compensation 11
Global workforce reduction initiated; annualized employee-related cost savings of approximately $560 million expected including stock-based compensation 11
Strategic pivot 2024-04-30
$4.8 billion of European consumer installment receivables sold under multi-year agreement to sell up to €40 billion 11
$4.8 billion of European consumer installment receivables sold under multi-year agreement to sell up to €40 billion 11
2023 · 11 events
“I'm pleased with our better-than-expected fourth quarter results, which are a testament to the incredible work of the PayPal team and their strong commitment to delivering more value to our customers each day. We're driving significant transformation across our company and are committed to making the necessary changes to our business to drive profitable growth in the years ahead. We've added key talent to our leadership team, accelerated our innovation velocity and impact, and taken action to realize cost savings that we're reinvesting in our most important initiatives. 2024 is a year focused on execution to position PayPal for long-term success.” Alex Chriss, President and CEO 9
Strategic pivot 2024-02-08
Operations reorganized in late 2023 to align more closely with consumer, small business, and large enterprise customer segments 10
Operations reorganized in late 2023 to align more closely with consumer, small business, and large enterprise customer segments 10
Margin expanding 2024-02-07
GAAP operating margin expanded 468 basis points to 21.5% in Q4 2023; non-GAAP operating margin expanded 39 basis points to 23.3% 9
GAAP operating margin expanded 468 basis points to 21.5% in Q4 2023; non-GAAP operating margin expanded 39 basis points to 23.3% 9
Divestiture 2024-02-07
Happy Returns sale to UPS completed in Q4 2023 with net gain of $339 million 9
Happy Returns sale to UPS completed in Q4 2023 with net gain of $339 million 9
“My first 30 days leading PayPal have confirmed my belief in the company's strong assets and market position. Now, we must harness these strengths and put the weight of the organization behind our most important priorities. In the process, we will become more efficient so we can innovate and execute with higher velocity. The opportunity to drive greater impact for our customers and unlock profitable growth makes it an exciting time to be at PayPal.” Alex Chriss, President and CEO 7
New market 2024-02-08
PYUSD stablecoin launched in August 2023 for PayPal U.S. customers, extended to Venmo customers in September 2023 10
PYUSD stablecoin launched in August 2023 for PayPal U.S. customers, extended to Venmo customers in September 2023 10
Divestiture 2023-11-01
Entered agreement to sell Happy Returns to UPS for approximately $465 million cash, with expected pre-tax gain of $329 million 7
Entered agreement to sell Happy Returns to UPS for approximately $465 million cash, with expected pre-tax gain of $329 million 7
Strategic pivot 2023-11-01
Jamie Miller appointed Chief Financial Officer effective November 6, 2023, with prior experience at GE, Cargill, and EY 7
Jamie Miller appointed Chief Financial Officer effective November 6, 2023, with prior experience at GE, Cargill, and EY 7
“Our second quarter results show continued momentum. We have high confidence that our business is on the right path and we're seeing clear signs that the investments we've made are paying off. Our teams are energized, and I'm confident that we're well positioned to continue to grow our leadership in digital payments.” Dan Schulman, President and CEO 5
earnings 2023-08-03
Net income of 1,029 million in Q2 2023, compared to a net loss of $341 million in Q2 2022 6
Net income of 1,029 million in Q2 2023, compared to a net loss of $341 million in Q2 2022 6
Divestiture 2023-08-02
Multi-year agreement with KKR to sell up to €40 billion of U.K. and European BNPL loan receivables, with approximately $1.8 billion in initial proceeds expected 5
Multi-year agreement with KKR to sell up to €40 billion of U.K. and European BNPL loan receivables, with approximately $1.8 billion in initial proceeds expected 5
“PayPal had a very good start to 2023 and delivered stronger than expected performance in the first quarter. We're working hard to continually improve our already popular checkout and digital wallet experiences, and it is beginning to pay off. We are confident in our momentum and are raising our full-year EPS guidance as a result.” Dan Schulman, President and CEO 3
Strategic pivot 2023-05-09
Global workforce reduction initiated in Q1 2023 with $117 million in restructuring charges, targeting $280 million in annualized employee cost savings 4
Global workforce reduction initiated in Q1 2023 with $117 million in restructuring charges, targeting $280 million in annualized employee cost savings 4
Margin expanding 2023-05-08
GAAP operating margin expanded 322 basis points to 14.2%; non-GAAP operating margin expanded 201 basis points to 22.7% 3
GAAP operating margin expanded 322 basis points to 14.2%; non-GAAP operating margin expanded 201 basis points to 22.7% 3
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PayPal Business Model
The PayPal business model in brief: products, customers and revenue sources as the company itself describes them in its reports. NadirAlpha methodology
PayPal is a technology platform that facilitates digital payments and commerce for consumers and merchants globally. The company earns revenue primarily through transaction fees on payment volume processed across its core PayPal-branded products, the Venmo peer-to-peer and consumer payments app, and the Braintree merchant payment processing service. Additional revenue is generated from interest and fees on consumer credit (PayPal Credit) and merchant financing products, gains on customer stored-value balances, and subscription or service fees across its platform offerings.
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PayPal Stock: Share-Price Drivers
The drivers of PayPal stock from the company's perspective: demand, prices, costs and capacity as the investor relations reports describe them. NadirAlpha methodology
Branded checkout stabilization and Venmo monetization
Management frames branded checkout stabilization alongside Venmo momentum as the core of its payments platform recovery, with revenue reaching USD 8,682 million in 2026-Q2 30
Management frames branded checkout stabilization alongside Venmo momentum as the core of its payments platform recovery, with revenue reaching USD 8,682 million in 2026-Q2 30
Branded checkout stabilization
Checkout flows described as stabilizing as a focus of the platform turnaround 30
Checkout flows described as stabilizing as a focus of the platform turnaround 30
Venmo momentum expansion
Venmo flagged as a growth driver with expanding momentum in 2026-Q2 30
Venmo flagged as a growth driver with expanding momentum in 2026-Q2 30
Braintree unbranded processing
Braintree cited as a growth contributor within payment processing 30
Braintree cited as a growth contributor within payment processing 30
Financial services diversification
Diversification into financial services described as a planned initiative, including a PayPal Bank application submitted in December 2025 30 25
Diversification into financial services described as a planned initiative, including a PayPal Bank application submitted in December 2025 30 25
PayPal USD (PYUSD) stablecoin
PYUSD stablecoin launched in August 2023 and still active, supported by the GENIUS Act federal stablecoin framework from July 2025 27 25
PYUSD stablecoin launched in August 2023 and still active, supported by the GENIUS Act federal stablecoin framework from July 2025 27 25
Capital return via buyback and new dividend
Stock repurchase program authorization active through 2026-Q2 and a new Quarterly Cash Dividend Program initiated in October 2025 29 24
Stock repurchase program authorization active through 2026-Q2 and a new Quarterly Cash Dividend Program initiated in October 2025 29 24
Operating profitability and free cash flow
Adjusted operating income of USD 1,507 million and free cash flow of USD 1,775 million in 2026-Q2 30
Adjusted operating income of USD 1,507 million and free cash flow of USD 1,775 million in 2026-Q2 30
Overall revenue growth pace
Revenue growth characterized as decelerating while guidance was raised 30
Revenue growth characterized as decelerating while guidance was raised 30
Sector trend: Digital payments demand continues to expand on rising transaction volumes, with the mix shifting toward unbranded processing (Braintree) and peer-to-peer (Venmo) while branded checkout stabilizes; transaction-driven revenues remain the dominant revenue base 30 25.
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PayPal Revenue by Type (as of 2026-Q2 · USDm · 4/6)
Revenue of PayPal split by segment or product type exactly as the company itself reports it; segment totals can deviate from group revenue. NadirAlpha methodology
| Segment | Since | Revenue | Growth | Source |
|---|---|---|---|---|
| Period FY2025 (12M) | ||||
| Transaction revenues | FY2025 | 29,798 | – | 25 |
| U.S. | FY2025 | 18,868 | – | 25 |
| Other countries | FY2025 | 14,304 | – | 25 |
| Revenues from other value added services | FY2025 | 3,374 | – | 25 |
| Period 2024-Q1 (3M) | ||||
| U.S. net revenues | 2024-Q1 | 4,467 | 8% | 12 |
| International net revenues | 2024-Q1 | 3,232 | 12% | 12 |
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PayPal Products & announcements (15/28 active+recent)
What PayPal launched, had approved or announced, from the filings up to Q2 2026, each row with the date of first mention. NadirAlpha methodology
Status: LaunchedPlannedStable
| Product/Line | Since | Status | Source |
|---|---|---|---|
| 2026 | |||
| Venmo momentum expansion | 2026-06 | 30 | |
| Financial services diversification | 2026-06 | 30 | |
| Branded checkout stabilization | 2026-06 | 30 | |
| Braintree growth | 2026-06 | 30 | |
| 2025 | |||
| PayPal Bank application submission | 2025-12 | 25 | |
| Dividend payment of $0.14 per share | 2025-12 | 24 | |
| Commercial Paper Program | 2025-11 | 25 | |
| Quarterly Dividend Program (3x) | 2025-10 | 25 | |
| Forward flow arrangements for loans receivable (3x) | 2025-09 | 27 | |
| GENIUS Act federal stablecoin framework | 2025-07 | 25 | |
| Q1 2025 workforce reduction | 2025-03 | 21 | |
| March 2025 debt issuance | 2025-03 | 21 | |
| $15 billion share repurchase authorization | 2025-02 | 18 | |
| 2023 | |||
| PayPal USD (PYUSD) stablecoin (3x) | 2023-08 | 27 | |
| 2022 | |||
| Stock repurchase program (2x) | 2022-06 | 29 | |
| 2024 | |||
| Issuance of fixed rate notes with aggregate principal amount of 1.3 billion | 2024-05 | 15 | |
| Stock-based compensation methodology change in non-GAAP reporting | 2024-02 | 12 | |
| 2023 | |||
| PayPal U.K. Limited FCA authorization | 2023-11 | 10 | |
| PayPal (Europe) received FCA authorizations as electronic money institution and consumer credit firm | 2023-10 | 8 | |
| PayPal Working Capital and PayPal Business Loan portfolio expansion | 2023-09 | 8 | |
| PayPal Pte. Ltd. MAS Major Payment Institution license | 2023-07 | 10 | |
| EU-U.S. Data Privacy Framework effectiveness | 2023-07 | 10 | |
| PayPal Working Capital (PPWC) | 2023-03 | 4 | |
| PayPal Business Loan (PPBL) | 2023-03 | 4 | |
| Consumer installment credit products expansion | 2023-03 | 4 | |
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PayPal Transactions & Events (11)
11 transactions and events of PayPal from the original reports, financing measures and management changes are not listed here, cancelled items in grey. NadirAlpha methodology
Acquisitions · 8Divestitures/exits · 3
Acquisitions by PayPal
| Transaction / stake | Date | Type | Source |
|---|---|---|---|
| 2026 | |||
| Business acquisition | 2026-03 | Completed | 29 |
| 2025 | |||
| Business combination | 2025-06 | Completed | 21 |
| Forward Flow Agreement Extension | 2025 | Announced | 25 |
| 2024 | |||
| Strategic investment portfolio | 2024-09 | Completed | 16 |
| 2023 | |||
| Multi-year agreement to sell up to 40 billion euros of European consumer installment receivables | 2023-06 | Announced | 11 |
| Multi-year agreement for sale of UK and European buy now pay later receivables | 2023-06 | Announced | 10 |
| Fixed rate debt issuance (7×) | 2023-06 | Completed | 19 |
| BNPL receivables sale agreement (9×) | 2023-06 | Announced | 17 |
Divestitures and exits by PayPal
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PayPal Risks (138 since the annual report of 2026-02-03, 342 tracked in total)
NadirAlpha lists 138 active risks of PayPal from the filings, the category as a coloured dot with legend, the wording as a short summary of the filing with no assessment of our own. NadirAlpha methodology
Category: Supply chainFinancialCustomersLegalRegulatoryMacroCyberCompetitionPeopleGeopoliticsTechnologyMarketstrategie
| Risk | Category | Last reported |
|---|---|---|
| PayPal: first mention in 8-K-EX99.1 earnings release of 2026-07-28 (2026-Q2), source 30 | ||
| Supply chain issues and tariffs impacting business operations | = | |
| PayPal: first mention in 10-Q quarterly report of 2026-07-28 (2026-Q2), source 29 | ||
| Consumer and merchant receivables portfolios subject to delinquency and charge-off risk. | = | |
| Third-party custodians hold customer cryptocurrency assets with risks of theft, inadequate insurance, operational disruption, or failure to safeguard assets. | = | |
| Foreign exchange derivative exposure used for cash flow hedging relationships. | = | |
| Third parties attempt to abuse services through fraudulent accounts, stolen identities, account takeovers, and misuse; fraud measures may not effectively prevent new schemes. | = | |
| PayPal Credit and merchant finance products subject to portfolio performance and servicer risks. | = | |
| German Federal Cartel Office investigation regarding merchant surcharging restrictions and parity presentation terms. | = | |
| FTC Civil Investigative Demands regarding commercial customer practices and merchant onboarding due diligence. | = | |
| Excessive payment card fraud losses could prevent accepting cards | = | |
| Heightened global regulatory focus on payments industry including AML, CFT, privacy, cybersecurity. | = | |
| PayPal: first mention in 10-Q quarterly report of 2026-05-05 (2026-Q1), source 27 | ||
| U.K. Financial Conduct Authority competition investigation regarding Visa and Mastercard contractual provisions. | 2026-Q2 2026-07-28 29 | |
| PayPal: first mention in 10-K annual report of 2026-02-03 (FY2025), source 25 | ||
| Complex changing laws on cybersecurity, privacy, data protection, AI | 2026-Q2 2026-07-28 30 | |
| PayPal: first mention in 10-Q quarterly report of 2025-10-28 (2025-Q3), source 23 | ||
| Tariffs, inflation, international conflicts, interest rates may impact consumer spending and increase credit losses. | 2026-Q2 2026-07-28 29 | |
| PayPal: first mention in 10-Q quarterly report of 2024-10-29 (2024-Q3), source 15 | ||
| Significant cybersecurity and data privacy incident risks for global payments platform. | 2026-Q2 2026-07-28 29 | |
| PayPal: first mention in 10-Q quarterly report of 2024-04-30 (2024-Q1), source 11 | ||
| CFPB Civil Investigative Demands regarding Regulation E error-resolution obligations and PayPal Credit practices. | 2026-Q2 2026-07-28 29 | |
| PayPal: first mention in 10-K annual report of 2024-02-08 (FY2023), source 10 | ||
| Significant international operations expose company to foreign currency fluctuations; U.S. dollar strengthening adversely impacts financial results. | 2026-Q2 2026-07-28 29 | |
| PayPal: first mention in 10-Q quarterly report of 2023-11-02 (2023-Q3), source 8 | ||
| Cyberattacks and security vulnerabilities could result in serious harm to reputation, business, and financial condition through unauthorized access, system compromise, and customer data theft. | 2026-Q2 2026-07-28 29 | |
| Cryptocurrency offerings subject to evolving regulatory frameworks; regulatory uncertainty on stablecoins and digital assets may require changes to product offerings and operations. | 2026-Q2 2026-07-28 29 | |
| PayPal: first mention in 8-K-EX99.1 earnings release of 2023-11-01 (2023-Q3), source 7 | ||
| Highly competitive markets subject to rapid technological change | 2026-Q2 2026-07-28 30 | |
| PayPal: first mention in 10-Q quarterly report of 2023-08-03 (2023-Q2), source 6 | ||
| Regularly subject to claims, lawsuits, regulatory investigations, and government inquiries regarding competition, antitrust, privacy, fraud, and other matters. | 2026-Q2 2026-07-28 29 | |
| Merchant bankruptcy exposure through purchase protection and chargebacks | 2026-Q2 2026-07-28 29 | |
| Interest rate movements affect investment portfolio value and customer spending levels; changes could impact credit product delinquencies and loan charge-offs. | 2026-Q2 2026-07-28 29 | |
| Risks related to credit products and ability to realize benefits from receivable sales | 2026-Q2 2026-07-28 30 | |
| PayPal: first mention in 8-K-EX99.1 earnings release of 2023-08-02 (2023-Q2), source 5 | ||
| Ability to detect and prevent fraud, abusive behaviors, illegal activities | 2026-Q2 2026-07-28 30 | |
| Cyberattacks and security vulnerabilities could disrupt operations | 2026-Q2 2026-07-28 30 | |
| Global political, economic, market conditions including inflation, interest rates | 2026-Q2 2026-07-28 30 | |
| PayPal: first mention in 10-Q quarterly report of 2023-05-09 (2023-Q1), source 4 | ||
| PayPal subject to patent disputes and intellectual property infringement claims as product scope expands. | 2026-Q2 2026-07-28 29 | |
| Extensive government regulation subjects business to complex, overlapping, changing rules across banking, payments, lending, data protection, and sanctions; failure to comply could result in significant fines and penalties. | 2026-Q2 2026-07-28 29 | |
| PayPal: first mention in 8-K-EX99.1 earnings release of 2023-05-08 (2023-Q1), source 3 | ||
| Ability to attract, hire, and retain highly talented employees | 2026-Q2 2026-07-28 30 | |
| Extensive government regulation covering payments, lending, consumer protection | 2026-Q2 2026-07-28 30 | |
| PayPal: first mention in 8-K-EX99.1 earnings release of 2026-05-05 (2026-Q1), source 28 | ||
| Effect of global and regional political, economic, market and trade conditions including military conflicts, supply chain issues, tariffs | = | |
| Impact of complex and changing laws and regulations worldwide covering cybersecurity, privacy, data protection, and artificial intelligence | = | |
| PayPal: first mention in 10-Q quarterly report of 2026-05-05 (2026-Q1), source 27 | ||
| Growth in loans receivable increases liquidity needs and dependence on third-party funding sources | = | |
| Third parties attempt fraud through stolen identities, account takeovers, and AI-enhanced schemes | = | |
| Bankruptcy or failure of merchants selling goods in advance creates liability through purchase protection | = | |
| Protection program losses from disputes may exceed recovery from merchants | = | |
| Regular subject to claims, class actions, arbitration, government investigations across multiple legal domains | = | |
| Investigations and enforcement actions inherently expensive, disruptive, uncertain with unpredictable outcomes | = | |
| German FCO administrative proceeding re: PayPal merchant contractual terms prohibiting surcharging; company cooperating | = | |
| FTC issued CIDs in Feb 2022 and Aug 2025 investigating merchant onboarding and deceptive schemes facilitation; company cooperating | = | |
| Fraud detection measures may not be effective against evolving and new fraud schemes | = | |
| Cybersecurity risks increased significantly; despite protective measures, company has experienced and expects to continue experiencing security incidents | = | |
| Strategic investments of $1.8 billion exposed to 10% adverse change of approximately $181 million | = | |
| Significant foreign currency exposure primarily in GBP, EUR, AUD, CAD, INR affects financial results | = | |
| Higher interest rates may reduce customer spending and increase credit delinquencies | = | |
| Reliant on third-party payment processors, partner institutions, and financial institutions; partnership revenue material component | = | |
| U.S. tariff escalation and trade disputes create macroeconomic uncertainty and volatility | = | |
| Global heightened regulatory focus on payments industry: AML, counter-terrorist financing, privacy, cybersecurity, consumer protection compliance burdens | = | |
| PayPal: first mention in 8-K-EX99.1 earnings release of 2026-02-03 (2025-Q4), source 26 | ||
| Cyberattacks and security vulnerabilities impacting platform | = | |
| Risks related to credit products and realization of benefits from agreements | = | |
| PayPal: first mention in 10-K annual report of 2026-02-03 (FY2025), source 25 | ||
| AI-enabled cybersecurity threats, including advanced persistent attacks, becoming increasingly sophisticated | = | |
| Debt covenants restrict operations; covenant breach could accelerate repayment | = | |
| Regulatory non-compliance or loss of confidence in fund management could harm business | = | |
| 2Q 2025 Plan $90-100 million severance; $40-60 million impairment; $110-140 million other costs through 2028 | = | |
| Fraud, account takeover and abusive behaviors could increase losses and reduce customer confidence | = | |
| Growth in loans receivable portfolio increases liquidity needs; reliant on third-party funding sources and forward flow arrangements | = | |
| Platform use for illegal activities exposes PayPal to claims, investigations, litigation | = | |
| Protection program losses may exceed recoveries, impacting profitability | = | |
| CFPB investigations on Regulation E compliance, PayPal Credit, and backup payment options | = | |
| FTC Civil Investigative Demands regarding merchant onboarding and platform facilitation of deceptive schemes | = | |
| Transaction loss rate ranged 0.07 to 0.08 percent of TPV; historical rates not indicative of future results | = | |
| Evolving and uncertain cryptocurrency regulatory landscape, including stablecoin and digital asset requirements | = | |
| Money transmitter licenses in multiple jurisdictions with increasing regulatory requirements and capital standards | = | |
| Pillar Two minimum tax and evolving tax laws may increase effective tax rate | = | |
| Credit rating downgrade could increase borrowing costs and limit capital access | = | |
| Potential downgrade of investment-grade credit rating could increase borrowing costs and interest rates | = | |
| Payment card network rule changes and interchange fee increases could harm competitiveness | = | |
| Share buybacks and dividends reduce liquidity and may increase stock volatility | = | |
| Military or political conflicts and terrorist attacks could disrupt operations and business | = | |
| Economic and trade sanctions requirements create operational complexity in international markets | = | |
| Dependence on payment networks and partner relationships which could be terminated or restricted | = | |
| Methodological challenges and adjustments to key metrics may mislead investors | = | |
| Uncertainty regarding validity of purchased merchant loan receivables under state usury laws | = | |
| Competition for skilled talent, particularly engineers, threatens business continuity | = | |
| Proliferating global privacy and data protection laws create compliance complexity and operational costs | = | |
| Rapid technological change in payments and commerce requires continuous innovation investment | = | |
| PayPal: first mention in 10-Q quarterly report of 2025-10-28 (2025-Q3), source 23 | ||
| State of Hawai'i action alleging unfair and deceptive practices with expected settlement in Q4 2025 | = | |
| PayPal: first mention in 10-Q quarterly report of 2025-07-29 (2025-Q2), source 21 | ||
| Derivative Actions (Shah/Nelson/Spathias) stayed pending PPH Securities Action developments; allege breach of fiduciary duty and violations of Exchange Act | 2026-Q1 2026-05-05 27 | |
| Hawaii consumer protection lawsuit filed alleging unfair and deceptive practices with trial scheduled October 2025 seeking injunctive relief and unspecified damages. | = | |
| AUSTRAC enforceability undertaking with PayPal Australia concluded July 22 2025 regarding AML/CTF Act filing violations with no monetary penalty. | = | |
| Multiple CFPB Civil Investigative Demands received regarding Regulation E compliance error-resolution linked bank account presentment and PayPal Credit backup payment options. | = | |
| German Federal Cartel Office administrative proceeding regarding PayPal merchant contract terms prohibiting surcharging and parity presentation requirements. | = | |
| FTC Civil Investigative Demand received regarding PayPal commercial customer charge practices and related activities. | = | |
| Cybersecurity threats and breaches could damage reputation and operations | FY2025 2026-02-03 25 | |
| Reliance on third-party providers for critical functions including cloud infrastructure | FY2025 2026-02-03 25 | |
| PayPal: first mention in 8-K-EX99.1 earnings release of 2025-04-29 (2025-Q1), source 20 | ||
| Ability to manage regulatory and litigation risks and outcomes of legal and regulatory proceedings | 2026-Q1 2026-05-05 28 | |
| PayPal: first mention in 10-Q quarterly report of 2025-04-29 (2025-Q1), source 19 | ||
| Cryptocurrency custodian failures, bankruptcies or misappropriation could result in customer asset losses | FY2025 2026-02-03 25 | |
| Subject to lawsuits alleging EFTA violations, improper fund holding, and account limitations | 2025-Q3 2025-10-28 23 | |
| Bankruptcy courts have not definitively determined treatment of custodial holdings of digital assets; uncertainty could delay or preclude return of custodied cryptocurrency assets. | = | |
| German Federal Cartel Office administrative proceeding regarding contractual terms prohibiting surcharging and requiring parity presentation | = | |
| Ongoing disputes and regulatory inquiries regarding pricing disclosure, policies, and claims of unfair or non-compliant practices | = | |
| PayPal: first mention in 10-K annual report of 2025-02-04 (FY2024), source 17 | ||
| PYUSD partnership with third-party issuer exposes PayPal to custodian bankruptcy and regulatory risks | 2026-Q1 2026-05-05 27 | |
| Default by banks holding customer funds or investments could cause significant losses | FY2025 2026-02-03 25 | |
| Consumer protection law violations could result in significant damages, fines and penalties | FY2025 2026-02-03 25 | |
| Acquisitions and divestitures carry integration risks and regulatory uncertainties | FY2025 2026-02-03 25 | |
| Business interruptions from system failures, cyberattacks or natural disasters could disrupt service availability | FY2025 2026-02-03 25 | |
| Increasing reliance on higher-cost payment card funding could reduce financial performance | FY2025 2026-02-03 25 | |
| Claims for defamation, libel, hate speech from platform content create liability | FY2025 2026-02-03 25 | |
| Emerging AI regulations from EU and other jurisdictions may limit AI deployment and increase compliance costs | FY2025 2026-02-03 25 | |
| Exposed to patent disputes and expect additional infringement claims as business expands | 2025-Q3 2025-10-28 23 | |
| PayPal: first mention in 10-Q quarterly report of 2024-10-29 (2024-Q3), source 15 | ||
| Anti-money laundering and counter-terrorist financing regulations increase complexity | FY2025 2026-02-03 25 | |
| PayPal: first mention in 10-Q quarterly report of 2024-07-30 (2024-Q2), source 13 | ||
| CFPB issued multiple CIDs re: Regulation E error-resolution obligations, linked account presentment, PayPal Credit, backup payment options; company cooperating | 2026-Q1 2026-05-05 27 | |
| Anti-money laundering and counter-terrorist financing compliance requirements increasing globally | FY2025 2026-02-03 25 | |
| ESG regulatory requirements and stakeholder expectations increase costs and litigation risk | FY2025 2026-02-03 25 | |
| PayPal: first mention in 10-Q quarterly report of 2024-04-30 (2024-Q1), source 11 | ||
| Norfolk Securities Action (Case 5:26-cv-02849-VKD): expands Darcy allegations; class period Feb 8, 2024 to Feb 2, 2026; seeks unspecified compensatory damages | 2026-Q1 2026-05-05 27 | |
| PayPal: first mention in 10-K annual report of 2024-02-08 (FY2023), source 10 | ||
| Credit rating downgrades could increase borrowing costs and access to capital | 2026-Q1 2026-05-05 27 | |
| Complex and changing laws across banking, payments, cryptocurrency, data protection, and AML/CTF globally | 2026-Q1 2026-05-05 27 | |
| Changes in tariffs, trade barriers, sanctions and currency fluctuations could reduce cross-border volumes | FY2025 2026-02-03 25 | |
| Debt obligations limit operational flexibility and may constrain future financing | FY2025 2026-02-03 25 | |
| Regular exposure to multiple concurrent lawsuits, investigations and regulatory proceedings | FY2025 2026-02-03 25 | |
| Ongoing exposure to patent infringement claims across expanding product portfolio | FY2025 2026-02-03 25 | |
| Highly competitive payments industry with larger competitors and rapid market evolution | FY2025 2026-02-03 25 | |
| PayPal: first mention in 8-K-EX99.1 earnings release of 2024-02-07 (2023-Q4), source 9 | ||
| Cyberattacks and security vulnerabilities and associated impacts | 2026-Q1 2026-05-05 28 | |
| Fluctuations in foreign currency exchange rates | 2026-Q1 2026-05-05 28 | |
| Effect of extensive government regulation and oversight covering payments, lending and consumer protection | 2026-Q1 2026-05-05 28 | |
| Impact of proposed or completed acquisitions, divestitures, strategic investments, or entries into new businesses or markets | 2026-Q1 2026-05-05 28 | |
| PayPal: first mention in 10-Q quarterly report of 2023-11-02 (2023-Q3), source 8 | ||
| State of Hawai'i litigation for unfair and deceptive practices; trial scheduled October 2025 | 2025-Q1 2025-04-29 19 | |
| SEC Division of Enforcement subpoena regarding PayPal USD stablecoin closed in February 2025 without enforcement action | 2025-Q1 2025-04-29 19 | |
| PayPal: first mention in 8-K-EX99.1 earnings release of 2023-11-01 (2023-Q3), source 7 | ||
| Global and regional political, economic, and trade conditions affecting commerce | 2025-Q4 2026-02-03 26 | |
| PayPal: first mention in 10-Q quarterly report of 2023-08-03 (2023-Q2), source 6 | ||
| Cryptocurrency offerings subject to evolving regulations including GENIUS Act stablecoin framework | 2026-Q1 2026-05-05 27 | |
| German Federal Cartel Office proceeding on merchant surcharging prohibitions and parity presentation terms | FY2025 2026-02-03 25 | |
| Lack of legal precedent for cryptocurrency asset treatment in custodian bankruptcy creates customer claim risks | 2025-Q3 2025-10-28 23 | |
| Unspecified customer concentration risks in consumer and merchant segments; small/medium-sized business merchant finance product growth 18% | 2026-Q1 2026-05-05 27 | |
| Strategic investments subject to market volatility; 10 percent adverse change would decrease carrying value 190 million | FY2025 2026-02-03 25 | |
| Regular exposure to general litigation and regulatory inquiries across multiple domains | 2025-Q3 2025-10-28 23 | |
| PayPal: first mention in 8-K-EX99.1 earnings release of 2023-08-02 (2023-Q2), source 5 | ||
| Changes to capital allocation, management of operating cash or incurrence of indebtedness | 2026-Q1 2026-05-05 28 | |
| Risks related to credit products and ability to realize benefits from third-party agreements | 2026-Q1 2026-05-05 28 | |
| Effect of payment card, bank, or other network rules or practices | 2026-Q1 2026-05-05 28 | |
| PayPal: first mention in 10-Q quarterly report of 2023-05-09 (2023-Q1), source 4 | ||
| Foreign regulatory requirements, data localization, compliance costs increase risk | FY2025 2026-02-03 25 | |
| Hawai'i consumer protection action settled December 17, 2025 | FY2025 2026-02-03 25 | |
| Three shareholder derivative actions pending: Shah, Nelson, and Spathias cases alleging fiduciary duty breaches and Exchange Act violations; stayed pending securities litigation developments | 2025-Q1 2025-04-29 19 | |
| Increased global regulatory focus on short-term installment and consumer credit products | FY2025 2026-02-03 25 | |
| PayPal: first mention in 8-K-EX99.1 earnings release of 2023-05-08 (2023-Q1), source 3 | ||
| Changes in tax rates and exposure to additional tax liabilities | 2026-Q1 2026-05-05 28 | |
| Impact of catastrophic events such as global pandemics disrupting business | 2026-Q1 2026-05-05 28 | |
| Stability, security and performance of payments platform | 2026-Q1 2026-05-05 28 | |
| Ability to timely develop and upgrade technology systems, infrastructure and customer service capabilities | 2026-Q1 2026-05-05 28 | |
| Reliance on third parties in many aspects of business operations | 2025-Q4 2026-02-03 26 | |
| Social media amplifies reputational risks from policy decisions or brand events | FY2025 2026-02-03 25 | |
= last mention identical with the first mention (same source)
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PayPal Reported KPIs (as disclosed) (744)
The story KPIs of PayPal that standard databases usually miss, grouped by publication, most recent first, with source number. NadirAlpha methodology
Company-specific KPIs verbatim from the filings (English, as disclosed; not normalised). Balance-sheet and boilerplate items filtered.
| KPI | Value / change | Source |
|---|---|---|
| PayPal, published 2026-07-28, period 2026-Q2 | ||
| Transaction margin dollars excluding interest on customer balances | $3,619 | 30 |
| Transaction margin dollars | $3,900 | 30 |
| Transaction margin | 44.9% | 30 |
| Transaction expense rate | 0.90% | 29 |
| Transaction and credit loss rate | 0.08% | 29 |
| Total payment volume | $486,448 | 30 |
| Percent of TPV generated outside of the U.S. | 35% | 29 |
| Payment transactions per active account | 60.0 | 30 |
| Payment transactions | 6,750 | 30 |
| Operating margin | 16% | 29 |
| Number of payment transactions per active account | 60.0 | 29 |
| Net charge-off rate (merchant) | 7.6% | 29 |
| Net charge-off rate (consumer) | 4.8% | 29 |
| Active accounts | 439 | 30 |
| PayPal, published 2026-05-05, period 2026-Q1 | ||
| transaction loss rate | 0.06% to 0.07% | 27 |
| total shares repurchased | 33.7 | 27 |
| strategic investments | 1,900 | 27 |
| strategic investments | 1,800 | 27 |
| revolving credit facilities | 5,600 | 27 |
| repurchased shares Mar | 22.4 | 27 |
| repurchased shares Feb | 11.3 | 27 |
| remaining repurchase authorization | 12,354 | 27 |
| percentage European balances for credit | 26% | 27 |
| net proceeds from loans sold | 7,400 | 27 |
| net proceeds from loans sold | 5,300 | 27 |
| foreign subsidiaries cash | 7,500 | 27 |
| foreign subsidiaries cash | 6,700 | 27 |
| floating rate debt outstanding JPY | ¥90.0 billion (approximately $575 million) | 27 |
| floating rate debt outstanding JPY | ¥90.0 billion (approximately $563 million) | 27 |
| floating rate debt maturity | 450 | 27 |
| fixed rate debt | 10,400 | 27 |
| European customer balances designated for credit | 2,000 | 27 |
| dividend total Feb | 130 | 27 |
| dividend per share Feb | $0.14 | 27 |
| cash paid for income taxes net | 95 | 27 |
| cash paid for income taxes net | 7 | 27 |
| Weighted-average remaining lease term | 5.3 years | 27 |
| Weighted-average remaining lease term | 5.4 years | 27 |
| Weighted-average remaining lease term | 3.1 years | 27 |
| Weighted-average remaining lease term | 3.4 years | 27 |
| Weighted-average discount rate | 5% | 27 |
| Weighted-average discount rate | 4% | 27 |
| Weighted-average discount rate | 5% | 27 |
| Weighted-average discount rate | 5% | 27 |
| Unrecognized Tax Benefits | 2.5 billion | 27 |
| Transaction margin dollars excluding interest on customer balances | $3,536 | 28 |
| Transaction margin dollars | $3,810 | 28 |
| Transaction margin | 45.6% | 28 |
| Total short-term investments | 2,365 million | 27 |
| Total short-term investments | 2,373 million | 27 |
| Total payment volume | $464.0 billion | 28 |
| Total notional amount | 16,097 million | 27 |
| Total notional amount | 17,810 million | 27 |
| Total long-term investments | 4,125 million | 27 |
| Total long-term investments | 4,330 million | 27 |
| Total lease liabilities | 652 million | 27 |
| Total lease liabilities | 696 million | 27 |
| Total lease liabilities | 15 million | 27 |
| Total lease liabilities | 17 million | 27 |
| Total derivative liabilities | 60 million | 27 |
| Total derivative liabilities | 158 million | 27 |
| Total derivative assets | 188 million | 27 |
| Total derivative assets | 20 million | 27 |
| Total Payment Volume (TPV) | 463,955 million | 27 |
| Term debt fair value | 10.1 billion | 27 |
| Term debt fair value | 10.3 billion | 27 |
| Term debt carrying value | 10.8 billion | 27 |
| Term debt carrying value | 10.8 billion | 27 |
| Stock Repurchase Authorization Remaining | 12.4 billion | 27 |
| ROU lease assets | 499 million | 27 |
| ROU lease assets | 539 million | 27 |
| ROU lease assets | 52 million | 27 |
| ROU lease assets | 56 million | 27 |
| Percent of TPV Generated Outside U.S. | 35% | 27 |
| Percent of Merchant Loans Current | 89.4% | 27 |
| Percent of Merchant Loans > 90 Days Outstanding | 3.9% | 27 |
| Percent of Consumer Loans Current | 96.3% | 27 |
| Percent of Consumer Loans > 90 Days Outstanding | 1.6% | 27 |
| Payment transactions per active account (trailing 12-month) | 58.7 | 28 |
| Payment transactions | 6.5 billion | 28 |
| Payment Transactions per Active Account | 58.7 | 27 |
| Payment Transactions | 6,475 million | 27 |
| Participation interest sold to partner institution | 33 million | 27 |
| Participation interest sold to partner institution | 33 million | 27 |
| Paidy Credit Agreement Available | 563 million | 27 |
| Notional amount | 8,628 million | 27 |
| Notional amount | 11,932 million | 27 |
| Notional amount | 7,469 million | 27 |
| Notional amount | 5,878 million | 27 |
| Non-marketable equity securities with significant influence | 215 million | 27 |
| Non-marketable equity securities with significant influence | 215 million | 27 |
| Non-marketable equity securities carrying value | 1.7 billion | 27 |
| Non-marketable equity securities carrying value | 1.7 billion | 27 |
| Net revenues | $8,353 | 28 |
| Merchant Net Charge-off Rate | 7.0% | 27 |
| Marketable equity securities fair value | 106 million | 27 |
| Marketable equity securities fair value | 180 million | 27 |
| Expected derivative gains reclassification within | 82 million | 27 |
| Derivative liabilities | 35 million | 27 |
| Derivative liabilities | 40 million | 27 |
| Derivative liabilities | 25 million | 27 |
| Derivative liabilities | 118 million | 27 |
| Derivative assets | 81 million | 27 |
| Derivative assets | 13 million | 27 |
| Derivative assets | 107 million | 27 |
| Derivative assets | 7 million | 27 |
| Debt | $11.6 billion | 28 |
| Consumer Net Charge-off Rate | 3.0% | 27 |
| Commercial Paper Outstanding | 200 million | 27 |
| Cash and cash equivalents | $6,977 | 28 |
| Allowance for Transaction Losses | 26 million | 27 |
| Allowance for Negative Customer Balances | 284 million | 27 |
| Active accounts | 439 million | 28 |
| Active Accounts | 439 million | 27 |
| Accumulated gross unrealized losses and impairments - Non-marketable equity securities | (421) million | 27 |
| Accumulated gross unrealized losses and impairments - Non-marketable equity securities | (353) million | 27 |
| Accumulated gross unrealized gains - Non-marketable equity securities | 917 million | 27 |
| Accumulated gross unrealized gains - Non-marketable equity securities | 872 million | 27 |
| PayPal, published 2026-02-03, period FY2025 | ||
| US owned land acres | approximately 49 acres | 25 |
| transaction loss rate | 0.07% | 25 |
| Total payment volume | $1.79 trillion | 25 |
| Total Owned Land Acres | approximately 70 acres | 25 |
| Total Liabilities | 59,917 | 25 |
| Total Equity | 20,256 | 25 |
| Total Assets | 80,173 | 25 |
| Strategic Investments Carrying Value | 1.9 billion | 25 |
| Stock Repurchase Program June | $15.0 billion | 25 |
| Stock Repurchase Program February | $15.0 billion | 25 |
| Short-Term Investments | 2,373 | 25 |
| Revolving Credit Facility Available | 5.0 billion | 25 |
| R&D Expense | 1.5 billion | 25 |
| R&D Expense | 1.5 billion | 25 |
| R&D Expense | 1.6 billion | 25 |
| Net Revenues from Customers Outside US (%) | 43% | 25 |
| Payment Transactions | 25.4 billion | 25 |
| Payment Send Markets | approximately 200 | 25 |
| Payment Receive Markets | approximately half of send markets | 25 |
| Paidy Credit Facility Drawn | 90.0 billion yen (approximately 575 million USD) | 25 |
| Paidy Credit Agreement Drawn | ¥90.0 billion (approximately $575 million) | 25 |
| Owned Facilities US | 0.7 | 25 |
| Owned Facilities Other Countries | 0.2 | 25 |
| Operating income | 6,065 | 25 |
| Net income | 5,233 | 25 |
| Long-term investments | 4,330 | 25 |
| Long-term debt outstanding | 10.9 billion | 25 |
| Leased facilities US | 1.3 | 25 |
| Leased facilities other countries | 1.5 | 25 |
| Holders of record common stock | 3,567 | 25 |
| Foreign subsidiaries percentage | 58% | 25 |
| Europe Middle East percentage | 12% | 25 |
| Dividend total amount | approximately $130 million | 25 |
| Dividend per share | $0.14 | 25 |
| Currencies for withdrawal | 57 | 25 |
| Currencies for account holding | 24 | 25 |
| Countries represented | 28 | 25 |
| Corporate headquarters owned square feet | approximately 0.7 million | 25 |
| Commercial paper outstanding | 200 | 25 |
| Cash and equivalents | 8,049 | 25 |
| Available revolving credit facility | 5.0 billion | 25 |
| Asia Pacific percentage | 42% | 25 |
| Americas percentage | 46% | 25 |
| Active accounts | 439 million | 25 |
| PayPal, published 2026-02-03, period 2025-Q4 | ||
| Transaction margin | 46.5% | 26 |
| Total debt | $11,600 | 26 |
| Total Payment Volume | $475,135 | 26 |
| Payment transactions per active account | 57.7 | 26 |
| Cash and cash equivalents | $8,049 | 26 |
| Active accounts | 439 | 26 |
| PayPal, published 2025-10-28, period 2025-Q3 | ||
| Unrecognized tax benefits prior year | 2.3 billion | 23 |
| Unrecognized tax benefits | 2.5 billion | 23 |
| Securities fair value received derivatives prior year | 30 million | 23 |
| Securities fair value received derivatives | 35 million | 23 |
| Securities collateral posted derivatives prior year | 0 | 23 |
| Securities collateral posted derivatives | 50 million | 23 |
| Prior year outstanding balances loans sold | 2.9 billion | 23 |
| Payment transactions per active account | 57.6 | 23 |
| Payment transactions 9M | 18.6 billion | 23 |
| Payment transactions 3M | 6.3 billion | 23 |
| Non-marketable equity securities equity method | 200 | 23 |
| Non-marketable equity securities equity method | 213 | 23 |
| Non-marketable equity securities total | 1.5 billion | 23 |
| Non-marketable equity securities total | 1.6 billion | 23 |
| Merchant loans NCO rate | 7.3% | 23 |
| Merchant loans current pct | 90.2% | 23 |
| Merchant loans 90+ days pct | 3.5% | 23 |
| merchant loan portfolio | 1.7 billion | 23 |
| maximum exposure to loss from nonconsolidated vies | 246 | 23 |
| marketable equity securities | 23 | 23 |
| marketable equity securities | 15 | 23 |
| debt outstanding | $10.9 billion | 23 |
| current outstanding balances loans sold | 3.4 billion | 23 |
| cross border TPV pct | 12% | 23 |
| consumer loans nco rate | 4.5% | 23 |
| consumer loans current pct | 96.3% | 23 |
| consumer loans 90plus days pct | 1.5% | 23 |
| consumer loan portfolio | 5.2 billion | 23 |
| cash equivalents investments | $12.759 billion | 23 |
| cash collateral received derivatives prior year | 162 million | 23 |
| cash collateral received derivatives | 7 million | 23 |
| cash collateral posted derivatives prior year | 7 million | 23 |
| cash collateral posted derivatives | 214 million | 23 |
| carrying value of nonconsolidated vies | 187 million | 23 |
| carrying value of nonconsolidated vies | 199 million | 23 |
| Active accounts | 438 million | 23 |
| Transaction margin | 46.0% | 24 |
| Transaction expense rate | 0.89% | 24 |
| Transaction and credit loss rate | 0.11% | 24 |
| Total payment volume | $458,088 | 24 |
| TPV 9M | $1.3 trillion | 23 |
| TPV | $458 billion | 23 |
| Payment transactions per active account | 57.6 | 24 |
| Payment transactions | 6,331 | 24 |
| Debt | $11,276 | 24 |
| Cash and cash equivalents | $8,995 | 24 |
| Active accounts | 438 | 24 |
| PayPal, published 2025-07-29, period 2025-Q2 | ||
| Unrecognized tax benefits | 2.4 billion | 21 |
| TPV growth | 5% | 21 |
| TPV growth | 6% | 21 |
| total debt outstanding | 10,915 | 21 |
| stock repurchases | 3.0 billion | 21 |
| stock repurchase authorization remaining | 16.9 billion | 21 |
| Paidy facility drawn | 622 | 21 |
| loans held for sale | 817 | 21 |
| international revenue percentage | 43% | 21 |
| cash collateral received | 17 | 21 |
| cash collateral posted | 323 | 21 |
| allowance for merchant credit losses | 147 | 21 |
| allowance for consumer credit losses | 377 | 21 |
| Transaction margin dollars excluding interest on customer balances | 3,526 | 22 |
| Transaction margin dollars | 3,844 | 22 |
| Total payment volume | $443,547 | 22 |
| total investments | 6,965 | 22 |
| Total debt | 11,500 | 22 |
| ROU lease assets - operating leases | 546 | 21 |
| ROU lease assets - finance leases | 64 | 21 |
| Payment transactions per active account | 58.3 | 22 |
| Payment transactions | 6,226 | 22 |
| operating income | 1,504 | 22 |
| Net revenues | 8,288 | 22 |
| contract assets | 193 | 21 |
| cash flow from operations | 898 | 22 |
| Cash and cash equivalents | 6,688 | 22 |
| Active accounts | 438 | 22 |
| PayPal, published 2025-04-29, period 2025-Q1 | ||
| yen-denominated borrowings March | ¥90.0 billion (approximately $601 million) | 19 |
| yen-denominated borrowings December | ¥90.0 billion (approximately $574 million) | 19 |
| Weighted Average Shares Diluted | 999 | 19 |
| Weighted Average Shares Basic | 986 | 19 |
| Weighted Average Remaining Lease Term Operating Leases | 5.6 years | 19 |
| Weighted Average Remaining Lease Term Finance Leases | 4.1 years | 19 |
| Weighted Average Discount Rate Operating Leases | 4% | 19 |
| Weighted Average Discount Rate Finance Leases | 5% | 19 |
| transaction loss rate | 0.06%-0.07% | 19 |
| total debt outstanding | $12.1 billion | 19 |
| strategic investments | $1.6 billion | 19 |
| Stock Repurchased | $1.5 billion | 19 |
| Floating Rate Debt Outstanding March | $450 million | 19 |
| Fixed Rate Debt Outstanding | $11.7 billion | 19 |
| Cumulative European Customer Balances Designated for Credit Activities | $2.0 billion | 19 |
| Cash Paid for Income Taxes Net | 95 | 19 |
| Cash Paid for Income Taxes Net | 83 | 19 |
| Cash and Cash Equivalents Percentage of Portfolio March | 52% | 19 |
| Cash and Cash Equivalents Percentage of Portfolio December | 47% | 19 |
| Available Credit Facilities | approximately $5.6 billion | 19 |
| Transaction margin | 47.7% | 20 |
| Transaction expense rate | 0.89% | 20 |
| Transaction and credit loss rate | 0.09% | 20 |
| Transaction Expense Rate | 0.89% | 19 |
| Total payment volume | $417,208 | 20 |
| Total Payment Volume | $417 billion | 19 |
| Payment transactions per active account | 59.4 | 20 |
| Payment transactions | 6,045 | 20 |
| Payment Transactions per Active Account | 59.4 | 19 |
| Payment Transactions | 6.0 billion | 19 |
| Operating Margin | 20% | 19 |
| Net Revenues | 7,791 | 19 |
| Effective Tax Rate | 20% | 19 |
| Cross-Border TPV Percentage | 12% | 19 |
| Cash, Cash Equivalents and Investments | 14,192 | 19 |
| Allowance for Transaction Losses | 60 million | 19 |
| Allowance for Negative Customer Balances | 245 million | 19 |
| Active accounts | 436 | 20 |
| Active Accounts | 436 million | 19 |
| PayPal, published 2025-02-04, period FY2024 | ||
| Withdraw Currencies | 57 | 17 |
| Total payment volume | $1.68 trillion | 17 |
| Total Equity | 20,417 | 17 |
| Total Assets | 81,611 | 17 |
| Stock Repurchase Authorization | 15.0 billion | 17 |
| Short-Term Investments | 4,262 | 17 |
| Restructuring-Related Cost Reduction | 575 million | 17 |
| Payment Transactions | 26.3 billion | 17 |
| Payment Markets Send | approximately 200 | 17 |
| Payment Currencies | approximately 140 | 17 |
| Long-term investments | 4,583 | 17 |
| international revenue percentage | 43% | 17 |
| Global Nationalities | at least 140 | 17 |
| Cash Held by Foreign Subsidiaries | 8.5 billion | 17 |
| Cash and Cash Equivalents | 6,561 | 17 |
| Balance Hold Currencies | 24 | 17 |
| Active accounts | 434 million | 17 |
| Other Crypto Held for Customers | 125 million | 17 |
| Ethereum Held for Customers | 731 million | 17 |
| Crypto Asset Safeguarding Liability | 2,886 million | 17 |
| Crypto Asset Safeguarding Asset | 2,886 million | 17 |
| Bitcoin Held for Customers | 2,030 million | 17 |
| PayPal, published 2025-02-04, period 2024-Q4 | ||
| Transaction and Credit Loss Rate | 0.10% | 18 |
| Transaction Margin | 47.0% | 18 |
| Transaction Expense Rate | 0.91% | 18 |
| Total payment volume | $437,836 | 18 |
| Payment transactions per active account | 60.6 | 18 |
| Active accounts | 434 | 18 |
| PayPal, published 2024-10-29, period 2024-Q3 | ||
| Weighted Average Shares of Common Stock - Diluted | 1,024 | 15 |
| Weighted Average Shares of Common Stock - Basic | 1,015 | 15 |
| Transaction margin dollars | $3,654 | 16 |
| Transaction margin | 46.6% | 16 |
| Transaction Loss Rate | 0.06% | 15 |
| Total payment volume | $422,641 | 16 |
| Payment transactions per active account | 61.4 | 16 |
| Payment transactions | 6,631 | 16 |
| Investments | $8,929 | 16 |
| Cash and cash equivalents | $7,272 | 16 |
| Active accounts | 432 | 16 |
| PayPal, published 2024-07-30, period 2024-Q2 | ||
| Short-Term Investments | 5,915 | 13 |
| Payment transactions per active account | 60.9 | 13 |
| operating cash flow | $3,442 | 13 |
| number of payment transactions | 13.1 billion | 13 |
| Long-term investments | 4,653 | 13 |
| crypto asset safeguarding liability | 2,429 | 13 |
| crypto asset safeguarding asset | 2,429 | 13 |
| cross border TPV percent | 12% | 13 |
| cash cash equivalents investments | $16,414 | 13 |
| Cash and Cash Equivalents | 7,701 | 13 |
| Active accounts | 429 million | 13 |
| Unrecognized tax benefits | 2.2 billion | 13 |
| Transaction margin dollars | $3,608 | 14 |
| Total payment volume | $416,814 | 14 |
| Total Payment Volume (TPV) growth | 11% | 13 |
| TPV | $821 billion | 13 |
| Rights of set-off derivative contracts | 30 million | 13 |
| Payment transactions per active account | 60.9 | 14 |
| Payment transactions | 6,580 | 14 |
| Paidy Credit Agreement drawn down | ¥70.0 billion | 13 |
| Paidy Credit Agreement available capacity | ¥20.0 billion | 13 |
| Net derivative gains expected to be reclassified into earnings | 43 million | 13 |
| Debt | $12.2 billion | 14 |
| Cash, cash equivalents, and investments | $18.3 billion | 14 |
| Cash collateral received | 76 million | 13 |
| Cash collateral posted | 5 million | 13 |
| Allowance for transaction losses | 59 million | 13 |
| Allowance for negative customer balances | 211 million | 13 |
| Active accounts | 429 | 14 |
| PayPal, published 2024-04-30, period 2024-Q1 | ||
| transaction expense rate | 0.97% | 11 |
| transaction credit loss rate | 0.08% | 11 |
| Total payment volume | 404 billion | 11 |
| strategic investments | 1.8 billion | 11 |
| stock repurchased | 1.5 billion | 11 |
| restructuring charges | 175 million | 11 |
| remaining repurchase authorization | 9.4 billion | 11 |
| payment transactions per account | 60.0 | 11 |
| Paidy credit facility outstanding prior period | ¥50.0 billion (approximately $355 million) | 11 |
| Paidy credit facility outstanding | ¥61.0 billion (approximately $403 million) | 11 |
| merchant loans outstanding prior year | 2.1 billion | 11 |
| merchant loans outstanding | 1.2 billion | 11 |
| merchant loans net charge-off rate | 14.0% | 11 |
| merchant loans current | 88.7% | 11 |
| merchant loans 90 days outstanding | 4.4% | 11 |
| foreign subsidiaries cash holdings prior period | 10.0 billion | 11 |
| foreign subsidiaries cash holdings | 9.8 billion | 11 |
| expected additional restructuring charges | 70 to 90 million | 11 |
| cross-border TPV percent | 12% | 11 |
| cash, cash equivalents and investments prior period | 15,493 | 11 |
| cash, cash equivalents and investments | 15,894 | 11 |
| Active accounts | 427 million | 11 |
| weighted average shares (diluted) | 1,072 | 11 |
| weighted average shares (basic) | 1,064 | 11 |
| Transaction margin dollars | 3,461 | 12 |
| Transaction margin | 45.0% | 12 |
| Transaction expense rate | 0.97% | 12 |
| Transaction and credit loss rate | 0.08% | 12 |
| Total payment volume | 403,860 | 12 |
| Payment transactions per active account | 60.0 | 12 |
| Payment transactions | 6,505 | 12 |
| Debt | 11.0 billion | 12 |
| Cash, cash equivalents, and investments | 17.7 billion | 12 |
| Active accounts | 427 | 12 |
| PayPal, published 2024-02-08, period FY2023 | ||
| Weighted Average Remaining Lease Term Operating Leases | 5.0 | 10 |
| Weighted Average Discount Rate Operating Leases | 4 | 10 |
| unused PayPal credit available | 6.2 billion | 10 |
| Total payment volume | $1.53 trillion | 10 |
| Total Liabilities | 61,115 | 10 |
| Total Equity | 21,051 | 10 |
| total current assets | 62,569 | 10 |
| Total Assets | 82,166 | 10 |
| Short-Term Investments | 4,979 | 10 |
| Revolving Credit Facility Available | 5.0 billion | 10 |
| Paidy credit facility available | 40.0 billion | 10 |
| Merchant active accounts | 35 million | 10 |
| Long-term debt | 9,676 | 10 |
| Fixed Rate Debt Outstanding | 10.6 billion | 10 |
| Consumer active accounts | 391 million | 10 |
| Cash and Cash Equivalents | 9,081 | 10 |
| Active accounts | 426 million | 10 |
| Weighted average period unearned compensation | 1.80 | 10 |
| Valuation allowance | (341) million | 10 |
| Valuation allowance | (276) million | 10 |
| Unearned stock-based compensation | 1.5 billion | 10 |
| Uncommitted credit facilities | 80 million | 10 |
| Transaction and Credit Loss Rate | 0.11% | 10 |
| Transaction Expense Rate | 0.94% | 10 |
| Total term debt | 10,638 | 10 |
| Total stock-based compensation | 1,530 million | 10 |
| Total stock-based compensation | 1,315 million | 10 |
| Total stock-based compensation | 1,421 million | 10 |
| Total deferred tax liabilities | (794) million | 10 |
| Total deferred tax liabilities | (933) million | 10 |
| Total deferred tax assets | 2,420 million | 10 |
| Total deferred tax assets | 3,048 million | 10 |
| Total deferred income tax | (668) million | 10 |
| Total deferred income tax | (811) million | 10 |
| Total deferred income tax | (482) million | 10 |
| Total current income tax | 1,833 million | 10 |
| Total current income tax | 1,758 million | 10 |
| Total current income tax | 412 million | 10 |
| Tax benefit if unrecognized realized | 1.4 billion | 10 |
| TPV | 1.53 trillion | 10 |
| Stock repurchases average cost | 67.72 | 10 |
| Stock repurchases average cost | 103.47 | 10 |
| Stock repurchases average cost | 219.75 | 10 |
| Stock repurchases | 5.0 billion | 10 |
| Stock repurchases | 4.2 billion | 10 |
| Stock repurchases | 3.4 billion | 10 |
| Stock options weighted avg remaining contractual term | 4.39 | 10 |
| Stock options weighted avg exercise price forfeited | 15.76 | 10 |
| Stock options weighted avg exercise price exercised | 13.65 | 10 |
| Stock options weighted avg exercise price Jan 1 | 14.56 | 10 |
| Stock options weighted avg exercise price Dec 31 | 15.18 | 10 |
| Stock options outstanding Jan 1 | 141 | 10 |
| Stock options outstanding Dec 31 | 72 | 10 |
| Stock options forfeited expired cancelled | 9 | 10 |
| Stock options expected to vest intrinsic value | 95 million | 10 |
| Stock options expected to vest exercise price | 37.45 | 10 |
| Stock options expected to vest contractual term | 6.92 | 10 |
| Stock options expected to vest | 3 | 10 |
| Stock options exercised | 60 | 10 |
| Stock options exercisable intrinsic value | 3,305 million | 10 |
| Stock options exercisable exercise price | 14.28 | 10 |
| Stock options exercisable contractual term | 4.29 | 10 |
| Stock options exercisable | 69 | 10 |
| Stock options aggregate intrinsic value Dec 31 | 3,402 million | 10 |
| Stock-based compensation technology development | 612 million | 10 |
| Stock-based compensation technology development | 512 million | 10 |
| Stock-based compensation technology development | 515 million | 10 |
| Stock-based compensation sales marketing | 179 million | 10 |
| Stock-based compensation sales marketing | 151 million | 10 |
| Stock-based compensation sales marketing | 175 million | 10 |
| Stock-based compensation general administrative | 434 million | 10 |
| Stock-based compensation general administrative | 383 million | 10 |
| Stock-based compensation general administrative | 468 million | 10 |
| Stock-based compensation customer support | 305 million | 10 |
| Stock-based compensation customer support | 269 million | 10 |
| Stock-based compensation customer support | 263 million | 10 |
| Statute of limitation expirations | (24) million | 10 |
| Statute of limitation expirations | (3) million | 10 |
| Statute of limitation expirations | (3) million | 10 |
| Singapore tax agreement benefit | 441 million | 10 |
| Singapore tax agreement benefit | 510 million | 10 |
| Singapore tax agreement benefit | 327 million | 10 |
| Singapore tax agreement EPS benefit | 0.40 | 10 |
| Singapore tax agreement EPS benefit | 0.44 | 10 |
| Singapore tax agreement EPS benefit | 0.28 | 10 |
| Settlements | 0 million | 10 |
| Settlements | (2) million | 10 |
| Settlements | (15) million | 10 |
| Restructuring payments | (142) million | 10 |
| Restructuring charges recorded | 122 million | 10 |
| Restructuring charges | 122 million | 10 |
| Restructuring charges | 121 million | 10 |
| Restructuring charges | 27 million | 10 |
| Restructuring accrual Jan 1 | 24 million | 10 |
| Restructuring accrual Dec 31 | 4 million | 10 |
| Remaining repurchase authorization 2022 program | 10.9 billion | 10 |
| RSU weighted avg grant date fair value vested | 127.98 | 10 |
| RSU weighted avg grant date fair value forfeited | 105.81 | 10 |
| RSU weighted avg grant date fair value awarded | 72.51 | 10 |
| RSU weighted avg grant date fair value Jan 1 | 133.27 | 10 |
| RSU weighted avg grant date fair value Dec 31 | 88.10 | 10 |
| RSU units vested | 10,799 | 10 |
| RSU units outstanding Jan 1 | 19,588 | 10 |
| RSU units outstanding Dec 31 | 30,164 | 10 |
| RSU units forfeited | 3,595 | 10 |
| RSU units expected to vest | 26,180 | 10 |
| RSU units awarded and assumed | 24,970 | 10 |
| Paidy credit facility drawn USD | 355 million | 10 |
| Paidy credit facility drawn | 50.0 billion | 10 |
| Paidy credit facility available USD | 283 million | 10 |
| Paidy credit facility available | 40.0 billion | 10 |
| Number of Payment Transactions | 25.0 billion | 10 |
| Non-marketable equity securities cumulative gross unrealized losses and impairments | (283) | 10 |
| Non-marketable equity securities cumulative gross unrealized gains | 1,168 | 10 |
| Net deferred tax assets after liabilities | 1,285 million | 10 |
| Net deferred tax assets after liabilities | 1,839 million | 10 |
| Net deferred tax assets | 2,079 million | 10 |
| Net deferred tax assets | 2,772 million | 10 |
| Merchant Net Charge Off Rate | 18.8% | 10 |
| Merchant Loans Greater 90 Days Outstanding | 5.6% | 10 |
| Merchant Loans Current | 87.0% | 10 |
| Matching contribution expense | 80 million | 10 |
| Matching contribution expense | 83 million | 10 |
| Matching contribution expense | 81 million | 10 |
| Loss on property | (14) million | 10 |
| Loans sold in connection with forward-flow arrangement agreement | 5,500 | 10 |
| Loan losses recorded | (74) million | 10 |
| Interest and penalties recognized | 151 million | 10 |
| Interest and penalties recognized | 119 million | 10 |
| Interest and penalties recognized | 6 million | 10 |
| Interest and penalties accrued | 520 million | 10 |
| Interest and penalties accrued | 342 million | 10 |
| Increases prior period positions | 178 million | 10 |
| Increases prior period positions | 52 million | 10 |
| Increases prior period positions | 172 million | 10 |
| Increases current period positions | 235 million | 10 |
| Increases current period positions | 337 million | 10 |
| Increases current period positions | 232 million | 10 |
| Income tax expense | 1,165 million | 10 |
| Income tax expense | 947 million | 10 |
| Income tax benefit stock based compensation | 260 million | 10 |
| Income tax benefit stock based compensation | 209 million | 10 |
| Income tax benefit stock based compensation | 221 million | 10 |
| Income tax benefit realized awards vested | 136 million | 10 |
| Income tax benefit realized awards vested | 182 million | 10 |
| Income tax benefit realized awards vested | 621 million | 10 |
| Income tax benefit | (70) million | 10 |
| Income before taxes total | 5,411 million | 10 |
| Income before taxes total | 3,366 million | 10 |
| Income before taxes total | 4,099 million | 10 |
| Income before taxes US | 993 million | 10 |
| Income before taxes US | (155) million | 10 |
| Income before taxes US | 290 million | 10 |
| Income before taxes International | 4,418 million | 10 |
| Income before taxes International | 3,521 million | 10 |
| Income before taxes International | 3,809 million | 10 |
| Gross unrecognized tax benefits ending | 2,236 million | 10 |
| Gross unrecognized tax benefits ending | 1,877 million | 10 |
| Gross unrecognized tax benefits ending | 1,678 million | 10 |
| Gross unrecognized tax benefits beginning | 1,877 million | 10 |
| Gross unrecognized tax benefits beginning | 1,678 million | 10 |
| Gross unrecognized tax benefits beginning | 1,479 million | 10 |
| Gain on property sale | 17 million | 10 |
| Gain on Happy Returns sale | 339 million | 10 |
| Foreign exchange contracts not designated as hedging instruments notional amount | 14,025 | 10 |
| Foreign exchange contracts designated as hedging instruments notional amount | 6,767 | 10 |
| Foreign NOL carryforwards | 707 million | 10 |
| Five-year revolving credit facility | 5.0 billion | 10 |
| Federal statutory rate | 21.0% | 10 |
| Federal statutory rate | 21.0% | 10 |
| Federal statutory rate | 21.0% | 10 |
| Excise tax recorded | 44 million | 10 |
| Estimated restructuring charges January | 120 million | 10 |
| Effective income tax rate | 21.5% | 10 |
| Effective income tax rate | 28.1% | 10 |
| Effective income tax rate | (1.7)% | 10 |
| Deferred tax liability Safeguarded crypto assets | (152) million | 10 |
| Deferred tax liability Safeguarded crypto assets | (319) million | 10 |
| Deferred tax liability ROU lease assets | (138) million | 10 |
| Deferred tax liability ROU lease assets | (96) million | 10 |
| Deferred tax liability Other items | (179) million | 10 |
| Deferred tax liability Other items | (161) million | 10 |
| Deferred tax liability Net unrealized gains | (135) million | 10 |
| Deferred tax liability Net unrealized gains | (170) million | 10 |
| Deferred tax liability Capitalized software | (190) million | 10 |
| Deferred tax liability Capitalized software | (187) million | 10 |
| Deferred tax asset Stock-based compensation | 154 million | 10 |
| Deferred tax asset Stock-based compensation | 168 million | 10 |
| Deferred tax asset Safeguarded crypto liabilities | 152 million | 10 |
| Deferred tax asset Safeguarded crypto liabilities | 319 million | 10 |
| Deferred tax asset Other items | 113 million | 10 |
| Deferred tax asset Other items | 114 million | 10 |
| Deferred tax asset Net unrealized losses | 151 million | 10 |
| Deferred tax asset Net unrealized losses | 36 million | 10 |
| Deferred tax asset NOL credit carryforwards | 355 million | 10 |
| Deferred tax asset NOL credit carryforwards | 305 million | 10 |
| Deferred tax asset Lease liabilities | 173 million | 10 |
| Deferred tax asset Lease liabilities | 138 million | 10 |
| Deferred tax asset Capitalized R&D | 874 million | 10 |
| Deferred tax asset Capitalized R&D | 1,207 million | 10 |
| Deferred tax asset Accruals allowances | 448 million | 10 |
| Deferred tax asset Accruals allowances | 761 million | 10 |
| Deferred income tax State local | (79) million | 10 |
| Deferred income tax State local | (101) million | 10 |
| Deferred income tax State local | (45) million | 10 |
| Deferred income tax Foreign | (99) million | 10 |
| Deferred income tax Foreign | (147) million | 10 |
| Deferred income tax Foreign | (36) million | 10 |
| Deferred income tax Federal | (490) million | 10 |
| Deferred income tax Federal | (563) million | 10 |
| Deferred income tax Federal | (401) million | 10 |
| Decreases prior period positions | (30) million | 10 |
| Decreases prior period positions | (185) million | 10 |
| Decreases prior period positions | (187) million | 10 |
| Current income tax State local | 145 million | 10 |
| Current income tax State local | 104 million | 10 |
| Current income tax State local | 80 million | 10 |
| Current income tax Foreign | 657 million | 10 |
| Current income tax Foreign | 966 million | 10 |
| Current income tax Foreign | 326 million | 10 |
| Current income tax Federal | 1,031 million | 10 |
| Current income tax Federal | 688 million | 10 |
| Current income tax Federal | 6 million | 10 |
| Cross Border TPV Percent | 12% | 10 |
| Consumer Net Charge Off Rate | 7.2% | 10 |
| Consumer Loans Greater 90 Days Outstanding | 2.2% | 10 |
| Cash collateral received | 6 | 10 |
| Cash collateral posted | 80 | 10 |
| Capitalized stock based compensation | 52 million | 10 |
| Capitalized stock based compensation | 52 million | 10 |
| Capitalized stock based compensation | 68 million | 10 |
| California R&D tax credit carryforwards | 264 million | 10 |
| Bank overdraft | 359 million | 10 |
| Asset impairment charges | 61 million | 10 |
| Asset impairment charges | 81 million | 10 |
| Asset impairment charges | 26 million | 10 |
| Allowance transaction losses utilized | (1,188) million | 10 |
| Allowance transaction losses utilized | (1,247) million | 10 |
| Allowance transaction losses utilized | (1,212) million | 10 |
| Allowance transaction losses ending | 282 million | 10 |
| Allowance transaction losses ending | 278 million | 10 |
| Allowance transaction losses ending | 355 million | 10 |
| Allowance transaction losses beginning | 278 million | 10 |
| Allowance transaction losses beginning | 355 million | 10 |
| Allowance transaction losses beginning | 414 million | 10 |
| Allowance loans receivable utilized | (597) million | 10 |
| Allowance loans receivable utilized | (330) million | 10 |
| Allowance loans receivable utilized | (243) million | 10 |
| Allowance for transaction losses | 64 million | 10 |
| Allowance for negative customer balances | 218 million | 10 |
| Aggregate intrinsic value options exercised | 4 million | 10 |
| Aggregate intrinsic value options exercised | 16 million | 10 |
| Aggregate intrinsic value options exercised | 81 million | 10 |
| Aggregate intrinsic value RSU PBRSU vested | 752 million | 10 |
| Aggregate intrinsic value RSU PBRSU vested | 935 million | 10 |
| Aggregate intrinsic value RSU PBRSU vested | 3.4 billion | 10 |
| Active Accounts | 426 million | 10 |
| PayPal, published 2024-02-07, period 2023-Q4 | ||
| Transaction margin dollars | $3.7 billion | 9 |
| Transaction margin dollars | $13.7 billion | 9 |
| Total payment volume | $409.8 billion | 9 |
| Total payment volume | $1.53 trillion | 9 |
| Payment transactions per active account (trailing | 58.7 | 9 |
| Payment transactions | 6.8 billion | 9 |
| Payment transactions | 25.0 billion | 9 |
| Debt | $11.3 billion | 9 |
| Cash, cash equivalents, and investments | $17.3 billion | 9 |
| Active accounts | 426 million | 9 |
| PayPal, published 2023-11-02, period 2023-Q3 | ||
| Term debt carrying amount Sep | 10,532 | 8 |
| Stock repurchase cost | 4.4 billion | 8 |
| Shares repurchased | 64 million | 8 |
| Foreign currency derivatives notional amount Sep | 15,723 | 8 |
| Foreign currency derivatives notional amount Dec | 18,989 | 8 |
| Five-year revolving credit facility available | 5.0 billion | 8 |
| Excise tax recorded | 39 | 8 |
| Derivative liabilities total Sep | 56 | 8 |
| Derivative assets total Sep | 301 | 8 |
| Crypto assets ETH | 316 | 8 |
| Crypto assets BTC | 479 | 8 |
| crypto asset safeguarding liability | 877 | 8 |
| cash collateral received | 138 | 8 |
| cash collateral posted | 16 | 8 |
| Allowance transaction losses Sep | 67 | 8 |
| Allowance negative customer balances Sep | 230 | 8 |
| Transaction expense rate (three months) | 0.93% | 8 |
| Transaction and credit loss rate (three months) | 0.12% | 8 |
| Total payment transactions (three months) | 6.3 billion | 8 |
| Total payment transactions (nine months) | 18.2 billion | 8 |
| TPV (three months) | 388 billion | 8 |
| TPV (nine months) | 1.1 trillion | 8 |
| Percent of cross-border TPV | 12% | 8 |
| PayPal Credit unused credit UK | 5.7 billion | 8 |
| Paidy credit agreement drawn Sep2023 | 108 | 8 |
| Paidy credit agreement drawn Dec2022 | 491 | 8 |
| Number of payment transactions per active account | 56.6 | 8 |
| Active accounts | 428 million | 8 |
| PayPal, published 2023-11-01, period 2023-Q3 | ||
| Total debt | $10.6 billion | 7 |
| Total Payment Volume (TPV) | $387.7 billion | 7 |
| Share repurchases (TTM) | $5.4 billion | 7 |
| Share repurchases (Q3'23) | $1.4 billion | 7 |
| Payment transactions per active account (TTM) | 56.6 | 7 |
| Payment transactions | 6.3 billion | 7 |
| Operating cash flow | $1.3 billion | 7 |
| Cash and cash equivalents and investments | $15.4 billion | 7 |
| Active accounts | 428 million | 7 |
| PayPal, published 2023-08-03, period 2023-Q2 | ||
| Estimated net derivative losses reclassification | 23 million | 6 |
| Total Payment Volume (TPV) | $731 billion | 6 |
| Total Payment Volume (TPV) | $377 billion | 6 |
| Percent of cross-border TPV | 12% | 6 |
| Other crypto holdings | 115 | 6 |
| Number of payment transactions per active account | 54.7 | 6 |
| Ethereum holdings | 369 | 6 |
| Crypto Asset Safeguarding Liability | 1,016 | 6 |
| Bitcoin holdings | 532 | 6 |
| Approximate dollar value of shares that may yet be purchased | 12,900 | 6 |
| Active Accounts | 431 million | 6 |
| PayPal, published 2023-08-02, period 2023-Q2 | ||
| Total debt | $10.5 billion | 5 |
| Total active accounts | 431 million | 5 |
| Total Payment Volume growth | 11% | 5 |
| Total Payment Volume | $376.5 billion | 5 |
| Payment transactions per active account | 54.7 | 5 |
| Payment transactions | 6.1 billion | 5 |
| Cash and cash equivalents and investments | $14.4 billion | 5 |
| PayPal, published 2023-05-09, period 2023-Q1 | ||
| Transaction and Credit Loss Rate | 0.12% | 4 |
| Transaction Expense Rate | 0.93% | 4 |
| Total Payment Transactions | 5.8 | 4 |
| TPV | 355 | 4 |
| Strategic investments | 2.2 billion | 4 |
| Stock repurchase authorization remaining | 14.4 billion | 4 |
| Revolving credit facilities available | approximately 5.7 billion | 4 |
| Paidy Credit Agreement outstanding | 73.3 billion yen (approximately $553 million) | 4 |
| Paidy Credit Agreement available capacity | 16.7 billion yen (approximately $125 million) | 4 |
| Operating Margin | 14% | 4 |
| Net Revenues from U.K. | 7% | 4 |
| Net Revenues from EU | 18% | 4 |
| Foreign cash as percentage of total | 68% | 4 |
| Fixed rate debt outstanding | 10.4 billion | 4 |
| Effective Tax Rate | 26% | 4 |
| Cross-border TPV | 13% | 4 |
| Cash, cash equivalents, and investments held by foreign subsidiaries | 8.9 billion | 4 |
| Cash, cash equivalents, and investments | 13,059 | 4 |
| Cash pooling arrangement withdrawals | 3.8 billion | 4 |
| Cash pooling arrangement aggregate deposits | 3.8 billion | 4 |
| Active Accounts | 433 | 4 |
| PayPal, published 2023-05-08, period 2023-Q1 | ||
| Transaction and Credit Loss Rate | 0.12% | 3 |
| Transaction Margin | 47.1% | 3 |
| Transaction Expense Rate | 0.93% | 3 |
| Total Payment Volume | $354,508 | 3 |
| Share repurchases (trailing | $4.1 billion | 3 |
| Share repurchases (Q1'23) | $1.4 billion | 3 |
| Payment transactions per active account | 53.1 | 3 |
| Payment transactions | 5.8 billion | 3 |
| Operating cash flow (trailing | $5.8 billion | 3 |
| Non-GAAP operating margin | 22.7% | 3 |
| Net revenues | $7,040 | 3 |
| GAAP operating margin | 14.2% | 3 |
| Free cash flow (trailing | $5.1 billion | 3 |
| FY'23 share repurchases expected | ~$4 billion | 3 |
| Debt | $10.9 billion | 3 |
| Cash, cash equivalents, and investments | $15.3 billion | 3 |
| Active accounts | 433 | 3 |
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PayPal Development
How PayPal has developed since 2023: one paragraph per period on revenue, earnings, cash flow and drivers, most recent period first, grouped by year. NadirAlpha methodology
FY2026: PayPal
PayPal Holdings reported net revenues of 8,353 million in Q1 2026 and 8,682 million in Q2 2026, representing year-over-year growth of 7% and 5% respectively, driven primarily by total payment volume expansion 27 29. Operating income declined in both quarters, to 1,488 million in Q1 and 1,427 million in Q2, as operating expense growth outpaced revenue and compressed GAAP operating margins 27 29. Net income fell to 1,113 million in Q1 and 1,104 million in Q2, with both periods affected by losses on strategic investments compared with prior-year gains 27 29. In April 2026 the company announced a strategic reorganization targeting at least $1.5 billion in gross annualized run-rate savings over two to three years, with first phase actions expected to generate approximately $400 million in run-rate gross savings by year-end 2026 29. Following Q2 results, the company raised its full-year non-GAAP transaction margin dollars and EPS guidance 30.
FY2025: PayPal
PayPal Holdings generated net revenues of 33,172 million in FY 2025, up 4% year-over-year, driven by 7% growth in total payment volume to $1.79 trillion and higher interest and fee revenue on loans receivable, partially offset by an unfavorable hedging impact 25. Operating income rose 14% to 6,065 million, with operating margin improving to 18% from 17%, reflecting positive contributions from lower transaction expense growth 25. Net income increased 26% to 5,233 million, benefiting from higher operating income, gains on strategic investments, and a lower effective tax rate of 17% compared to 22% in the prior year 25. Operating cash flow declined 14% to 6,416 million, primarily due to a $1.2 billion increase in loan originations held for sale and $450 million in net gains on strategic investments 25. Transaction losses increased 20% to approximately $1.30 billion, driven by higher fraud losses in PayPal products including a service disruption in Germany in August 2025 triggered by a coding error 25.
FY2024: PayPal
PayPal Holdings delivered FY2024 net revenues of USD 31,797 million, a 7% increase year-over-year driven by 10% growth in total payment volume to $1.68 trillion 17. Operating income of USD 5,325 million grew 6%, while net income of USD 4,147 million was lower than in the prior year, primarily due to a $379 million decline in other income reflecting net losses on strategic investments compared to gains recorded in 2023 17. Full-year free cash flow increased 60% to USD 6,767 million, supported by higher operating income and loan receivable activity 18. PayPal initiated a global workforce reduction expected to generate approximately $575 million in annualized employee-related savings, and sold approximately $9.6 billion of European consumer installment receivables in the first half of the year under a multi-year agreement for up to €40 billion 17. Non-GAAP diluted EPS for FY2024 grew 21% to 4.65, while active accounts increased 2% to 434 million as of year-end 18.
FY2023: PayPal
PayPal Holdings reported FY 2023 net revenues of 29,771 million, up 8% year-over-year, driven by 13% growth in total payment volume to $1.53 trillion 10. Operating income grew 31% to 5,028 million and net income increased 76% to 4,246 million, with operating margin improving to 17% 10. Key structural actions included a global workforce reduction in Q1 2023 with $122 million in restructuring charges targeting $280 million in annualized savings, and a late-2023 reorganization aligning operations around consumer, small business, and large enterprise customer segments 10. PayPal entered a multi-year agreement to sell up to €40 billion of U.K. and European buy now, pay later receivables, with $5.5 billion sold during 2023, and divested Happy Returns to UPS for approximately $466 million in Q4 2023 10. PayPal returned $5.0 billion to stockholders through repurchases of approximately 74 million shares during the year 9.
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Glossary
- Revenue: Revenue from contracts with customers, net of sales deductions, as the company itself reports it; not total output, gross revenue, GMV or order intake.
- Op. income: The operating line of the income statement; EBIT only as a marked fallback, never pre-tax or ordinary income.
- Op. income (adj.): Adjusted operating income, verbatim and company-defined (non-GAAP), never derived.
- Net income: Net income attributable to the shareholders of the parent, after discontinued operations; not the result including minority interests, not comprehensive income.
- EPS: Diluted earnings per share attributable to the shareholders of the parent; a printed figure always beats a calculated one, calculated values are marked.
- EPS adj.: Adjusted earnings per share, verbatim and company-defined (non-GAAP).
- FCF: Free cash flow = operating cash flow minus capital expenditure on property, plant and equipment; the company's own free cash flow figure is shown separately.
- OCF: Cash flow from operating activities as reported; IFRS companies may show interest paid in financing cash flow, so the figure is not always comparable.
- Cash: Cash and cash equivalents, without securities unless the company reports them as part of the position.
- Net Debt: Net debt = financial debt excluding lease liabilities minus cash at the same reporting date; the company's own net position may differ.
- *: derived, the formula is in the hover
- ≈: calculated, approximation
- ~: uncertain; the value stays visible, verdicts do not use it
- °: repaired by a targeted query against the document, or curated with documentary evidence
- EBIT: EBIT as a fallback: the income statement carries no operating line
- basic: basic earnings per share as a fallback when diluted is missing
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Sources: quarterly reports, annual reports and investor relations documents
44 sources on PayPal since 2023; the superscript numbers in the chapters refer to these rows, older documents are in the expandable part. NadirAlpha methodology
44 documents · 2016 to 2026 · SEC EDGAR (USA)
Older sources (+14)
| # | Document type | Published |
|---|---|---|
| #202 | 10-K annual report | 2016-04-28 |
| #201 | 10-Q quarterly report | 2016-07-26 |
| #205 | 8-K current report | 2017-02-08 |
| #203 | 10-Q quarterly report | 2017-07-27 |
| #206 | 10-K annual report | 2018-02-07 |
| #204 | 10-Q quarterly report | 2018-07-26 |
| #208 | 10-K annual report | 2019-02-07 |
| #207 | 10-Q quarterly report | 2019-07-25 |
| #211 | 10-K annual report | 2020-02-06 |
| #210 | 10-Q quarterly report | 2020-05-07 |
| #209 | 10-Q quarterly report | 2020-07-30 |
| #212 | 10-Q quarterly report | 2021-05-06 |
| #213 | 10-Q quarterly report | 2021-07-29 |
| #214 | 10-Q quarterly report | 2021-11-09 |
PayPal Stock FAQ
Is there a management forecast (guidance) for FY2026?
Yes. Management has issued targets for FY2026, including EPS (non-GAAP). The guidance tracking chapter shows all targets and checks them against the actuals reported later; neutral, with no estimate of our own.
Which additional key figures does PayPal report?
As reported for Q2 2026: Active accounts, Payment transactions, Payment transactions per active account, Total payment volume, Transaction margin, Transaction margin dollars. The chapter Reported KPIs lists every value with its source. Revenue is broken down by Transaction revenues, U.S., Other countries, Revenues from other value added services.
Does PayPal pay a dividend?
The filings report on the dividend; most recent entry: dividends paid 130 (In millions) (2026-Q1) (as reported, no assessment of our own). Details with source links are in the report chapters.
Where can I find the official investor relations documents of PayPal?
NadirAlpha links all 44 original filings used (SEC filings) in the sources chapter: earnings release, quarterly report, annual report, each with type, publication date and a direct link; every figure in the report carries a source number.
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