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NASDAQ · Financial Services · Financials

PayPal Holdings, Inc. (PYPL) financial statements and cash flow.

Revenue, profitability, balance-sheet strength, and cash generation for PYPL. Market data source · as of 2026-03-31.

Section freshness

Price Aug 3, 10:11 AM EDT · Statements Mar 30, 8:00 PM EDT

Financial read

PYPL latest financial snapshot.

Start with the latest reported values below. Deeper quarterly and annual statement tables follow when supplied.

Net income

$1.11B

-22.5% QoQ

Free cash flow

$903.00M

-58.8% QoQ

Balance sheet coverage

PYPL balance sheet summary

Assets, liabilities, liquidity, debt, and equity sit beside income and cash-flow tables so the statement history reads as one model-ready dataset.

20 quarterly · 4 annual rows · Market data source · as of 2026-03-31

Open balance sheet table

Latest period

Q1 FY2026

20 quarterly · 4 annual rows

Assets / liabilities

$80.55B

Liabilities $60.52B

Cash / debt

$6.98B

Net cash -$2.43B

Equity / working capital

$20.02B

Working capital $12.36B

Financial statements

PYPL statement coverage.

Income statement, balance sheet, and cash-flow figures for PYPL, with quarterly and annual history in the tables below.

Data last updated

Mar 30, 2026

Income periods

Balance-sheet periods

Cash-flow periods

Quarterly and annual PYPL statements, sourced from Market data source · as of 2026-03-31.

Financial statement period

PYPL statement history

Market data source · as of 2026-03-31 · Data last updated: Mar 30, 2026

ProfitabilityIncome statementRevenue, expenses, margins, and income quality20 quarterly periods Capital structureBalance sheetAssets, liabilities, debt, equity, and share count20 quarterly periods Cash generationCash flowOperating cash flow, CapEx, FCF, buybacks, and dividends20 quarterly periods

Income statement

Quarterly and annual rows for revenue, operating leverage, earnings quality, and margin direction.

8 / 20 Quarterly

Period	Operating income	Net income	Net income QoQ
Q1 FY2026	$1.49B	$1.11B	-22.5%
Q4 FY2025	$1.51B	$1.44B	+15.1%
Q3 FY2025	$1.52B	$1.25B	-1.0%
Q2 FY2025	$1.50B	$1.26B	-2.0%
Q1 FY2025	$1.53B	$1.29B	+14.8%
Q4 FY2024	$1.44B	$1.12B	+11.0%
Q3 FY2024	$1.39B	$1.01B	-10.5%
Q2 FY2024	$1.32B	$1.13B	+27.0%

Balance sheet

Balance-sheet history for assets, liabilities, liquidity, debt, equity, and shares outstanding.

8 / 20 Quarterly

Period	Cash	Current assets	Current liabilities	Total assets	Total liabilities	Total debt	Total equity	Debt QoQ
Q1 FY2026	$6.98B	$59.99B	$47.64B	$80.55B	$60.52B	$9.41B	$20.02B	-5.8%
Q4 FY2025	$8.05B	$59.76B	$46.44B	$80.17B	$59.92B	$9.99B	$20.26B	-11.4%
Q3 FY2025	$8.99B	$60.18B	$44.92B	$79.80B	$59.60B	$11.28B	$20.20B	-0.2%
Q2 FY2025	$6.69B	$59.88B	$45.05B	$79.78B	$59.58B	$11.30B	$20.20B	-1.1%
Q1 FY2025	$7.57B	$60.61B	$46.62B	$81.27B	$61.02B	$11.42B	$20.25B	+15.6%
Q4 FY2024	$6.66B	$58.21B	$45.49B	$78.72B	$58.31B	$9.88B	$20.42B	-1.0%
Q3 FY2024	$7.37B	$62.67B	$50.27B	$83.51B	$63.34B	$9.98B	$20.17B	+2.6%
Q2 FY2024	$7.80B	$62.97B	$50.71B	$84.02B	$63.39B	$9.73B	$20.62B	+0.5%

Cash flow

Operating cash generation, capital expenditure, free cash flow, buybacks, dividends, and cash movement.

8 / 20 Quarterly

Period	Operating cash flow	CapEx	Free cash flow	Net income	Dividends paid	Buybacks	FCF QoQ
Q1 FY2026	$1.13B	$231.00M	$903.00M	$1.11B	$130.00M	$1.50B	-58.8%
Q4 FY2025	$2.38B	$194.00M	$2.19B	$1.44B		$1.50B	+27.5%
Q3 FY2025	$1.97B	$256.00M	$1.72B	$1.25B		$1.50B	+148.3%
Q2 FY2025	$898.00M	$206.00M	$692.00M	$1.26B		$1.55B	-28.2%
Q1 FY2025	$1.16B	$196.00M	$964.00M	$1.29B	—	$1.50B	-56.0%
Q4 FY2024	$2.39B	$203.00M	$2.19B	$1.12B		$1.27B	+51.6%
Q3 FY2024	$1.61B	$169.00M	$1.45B	$1.01B		$1.78B	+5.6%
Q2 FY2024	$1.52B	$157.00M	$1.37B	$1.13B		$1.50B	-22.4%

Valuation and returns

Enterprise value: $55.56B; Market data source

Return on equity: 24.42%; Market data source

Return on assets: 5.92%; Market data source

Debt / equity: 0.47; Current ratio 1.29

Ratio values use provider-attributed fields when available and otherwise fall back to TECHi statement math from the visible rows on this page.

Annual revenue and income multiples

Annual sales and income multiple reads use the latest annual statement when available, then fall back to trailing-twelve-month statement math from the visible quarterly rows.

Annual income base: $5.23B; Annual statement 2025-12-31

Market cap / annual income: 9.45; Live market value divided by annual net income

Annual sales and income multiple

EV / annual operating income9.16

Market capitalization bridge

Market cap / annual income9.45

TTM valuation multiples

TTM EBIT: $6.02B; TTM operating income

Live market value is matched against trailing-twelve-month statement bases first so the multiple moves with the tape instead of anchoring to stale fiscal-year rows.

Profit multiples

Market cap / TTM net income9.77

EV / TTM EBIT9.22

Revenue, net income, and free cash flow

Net income$1.11BFree cash flow$903.00M

Q4 FY2024Q3 FY2025Q1 FY2026

Quarterly statement rows, shown on one common dollar scale so margin compression and cash conversion stand out quickly.

Efficiency

Net income / employee: $212,563.025; TTM net income divided by employees

FCF / employee: $231,218.487; TTM free cash flow divided by employees

Market cap / employee: $2.08M; Live value per employee

Growth vs cost pressure

Debt growth YoY-17.6%

Operating expense growth YoY+9.6%

Cash conversion

FCF / EBITi0.91

TTM free cash flow / TTM operating income

Latest quarter expense mix

Operating expenses$6.87B

Profit bridge

EBIT$1.49B

Tax expense$280.00M

Other income statement lines

Income tax expense$280.00M

Balance sheet · Q1 FY2026

Cash & equivalents: $6.98B

Total debt: $9.41B

Net cash: -$2.43B; Net debt position

Total equity: $20.02B

Balance sheet detail

Current assets: $59.99B

Current liabilities: $47.64B

Receivables: $843.00M

Long-term debt: $9.41B

Debt and liquidity

Debt / income1.86

Cash / debt0.74

Quick ratioi0.16

Cash + short-term investments + receivables / current liabilities

Cash generation

Operating cash flow: $1.13B

Capital expenditure: $231.00M

Free cash flow: $903.00M

Capital returned: $1.63B; Buybacks + dividends paid

Cash-flow detail

Depreciation & amortization: $238.00M

Investing cash flow: -$2.10B

Financing cash flow: -$559.00M

Buybacks: $1.50B

Net buybacks: $1.50B; Repurchases less stock issuance

Dividends paid: $130.00M

Cash flow read

PYPL converts most of its earnings into cash.

Free cash flow of $903.00M versus $1.11B of reported net income means accruals aren't doing much heavy lifting — the cash is showing up alongside the earnings. That's the cleanest profile a fundamentals desk wants to see.

Frequently asked

Common questions.

What financial data is available for PYPL?

The PYPL Financials page renders only the current income-statement, balance-sheet, cash-flow, or fund rows supplied for PayPal Holdings, Inc.. Missing modules and empty line items are omitted.

How current are PYPL's financial statements?

Each visible statement row keeps its reported period and provider attribution. The route redirects to the main quote when no usable financial or fund data remains.

What is PayPal Holdings, Inc.'s reported net margin?

PayPal Holdings, Inc.'s fresh reported margin field is 14.36%. The Financials page shows the supporting period data currently available for PYPL.