PayPal Holdings, Inc.
Financial Performance
PayPal Revenue & Financials
Revenue
$33.2B (FY2025)
Market Cap
$47B
Net Income
$5.2B
Employees
23,800
What is PayPal's revenue?
PayPal had $33.2B in revenue for fiscal year 2025, up 4.3% from 2024. Net income was $5.2B.
- Latest revenue
- $33.2B (FY2025)
- Year-over-year
- +4.3%
- Growth rate (CAGR)
- 13.2% over 9 years
- Peak revenue
- $33.2B (FY2025)
- Years of data
- 10
- Employees
- 23,800
Financial Analysis
PayPal is large and profitable, but growth has slowed. Revenue climbed from $21.45 billion in 2020 to $33.17 billion in 2025, yet annual growth fell from about 21% to about 4%. Net income reached $5.23 billion in 2025, up from $4.15 billion in 2024. In Q2 2026 revenue rose 5% to $8.68 billion (3% currency-neutral), total payment volume rose 10% to $486.4 billion, transaction margin dollars rose 1% to about $3.9 billion, and non-GAAP EPS was $1.38. Management then raised full-year 2026 non-GAAP EPS guidance to about $5.38 and guided to at least $6 billion of adjusted free cash flow, most of which goes to buybacks. The stock still trades at roughly 10 times earnings, which shows how skeptical investors are about long-term branded checkout growth. PayPal Holdings, Inc. remains a cornerstone of the digital payments ecosystem, maintaining a market valuation typically around $70 billion.
Revenue Trend Analysis
YoY Change
+4.3%
9-Year CAGR
+13.2%
Peak Year
2025
Trend
Consistent Growth
PayPal Holdings, Inc. has 10 full fiscal year figures on this page, compounding at +13.2% annually over 9 years. The most recent year saw a 4.3% increase versus the prior year. Annual revenue peaked in fiscal year 2025 at $33.2B. Of 9 comparable year-over-year steps, 9 showed growth and 0 showed a decline.
Annual revenue history
Click any row to see year details.
PayPal Holdings, Inc. balance sheet and cash flow
Balance-sheet figures are as of each fiscal year end; cash-flow figures cover the fiscal year. Taken from the company's annual report on Form 10-K, linked on each row. Free cash flow here is operating cash flow less capital expenditures, calculated by CorpDigest.
| Fiscal Year | Operating cash flow | Capital expenditures | Total assets | Total liabilities | Shareholders' equity | Free cash flow | Source |
|---|---|---|---|---|---|---|---|
| FY2025ended Dec 31, 2025 | $6.4B | $852M | $80.2B | $59.9B | $20.3B | $5.6B | Form 10-K |
| FY2024ended Dec 31, 2024 | $7.5B | $683M | $78.7B | $58.3B | $20.4B | $6.8B | Form 10-K |
| FY2023ended Dec 31, 2023 | $4.8B | $623M | $82.2B | $61.1B | $21.1B | $4.2B | Form 10-K |
| FY2022ended Dec 31, 2022 | $5.8B | $706M | $78.6B | $58.4B | $20.3B | $5.1B | Form 10-K |
| FY2021ended Dec 31, 2021 | $5.8B | $908M | $75.8B | $54.1B | $21.7B | $4.9B | Form 10-K |
| FY2020ended Dec 31, 2020 | $6.2B | $866M | $70.4B | $50.3B | $20B | $5.4B | Form 10-K |
| FY2019ended Dec 31, 2019 | $4.1B | $704M | $51.3B | $34.4B | $16.9B | $3.4B | Form 10-K |
| FY2018ended Dec 31, 2018 | $5.5B | $823M | $43.3B | $27.9B | $15.4B | $4.7B | Form 10-K |
| FY2017ended Dec 31, 2017 | $2.5B | $667M | $40.8B | $24.8B | $16B | $1.9B | Form 10-K |
| FY2016ended Dec 31, 2016 | $3.2B | $669M | $33.1B | $18.4B | $14.7B | $2.5B | Form 10-K |
Keep researching PayPal
PayPal Revenue and Financial FAQ
What is PayPal Holdings' annual revenue scale and growth rate?
PayPal reported $33.17 billion of revenue in 2025, up about 4% from $31.80 billion in 2024. Growth has slowed from roughly 21% in 2020. In Q2 2026 revenue rose 5% to $8.68 billion.
What is PayPal's Total Payment Volume (TPV)?
PayPal processed about $1.79 trillion of total payment volume in 2025. In Q2 2026 TPV rose 10% to $486.4 billion (9% currency-neutral), led by Braintree and Venmo.
What is PayPal's net income?
PayPal's GAAP net income was $5.23 billion in 2025, up from $4.15 billion in 2024 and $4.25 billion in 2023.
What is PayPal's free cash flow and buyback program?
After Q2 2026, PayPal guided to at least $6 billion of adjusted free cash flow for 2026 and continues to return most of it through share repurchases.
How many active accounts does PayPal have?
PayPal had about 439 million active accounts at the end of 2025, counting both consumer and merchant accounts.
How does PayPal manage Buy Now, Pay Later (BNPL) balance sheet credit risk?
To avoid holding billions in consumer credit risk on its own balance sheet, PayPal entered a multi-billion-euro loan origination partnership with KKR in Europe, offloading originating BNPL loan receivables to KKR while preserving customer-facing fees and relationship control.
What is PayPal's balance sheet cash and debt structure?
PayPal maintains a fortress balance sheet with over $14 billion in cash, cash equivalents, and short-term investments, offset by approximately $10 billion in investment-grade senior notes, providing ample financial flexibility.
How is PayPal's revenue split between the United States and International markets?
The United States represents approximately 57% to 58% of PayPal's total revenue, while international markets (led by the United Kingdom, Germany, France, and Australia) contribute the remaining 42% to 43%.
Cite or embed this data
Using these figures? Please credit CorpDigest with a link.
CorpDigest. "PayPal Revenue & Financials." CorpDigest, https://corpdigest.com/company/paypal/financials.<div style="font-family:system-ui,sans-serif;font-size:14px;line-height:1.5;border:1px solid #e2e8f0;border-radius:8px;padding:12px 16px;max-width:520px"><strong>PayPal reported $33.2B in revenue (FY2025).</strong><br>Source: <a href="https://corpdigest.com/company/paypal/financials" target="_blank" rel="noopener">CorpDigest — PayPal financials</a></div>Related Financial Audits
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