PYPL
NASDAQ · USDPayPal Holdings, Inc.
Financial Services · Financial - Credit Services
CEO Enrique J. Lores
Employees 23,800
R&D / revenue 9.4%
Last price
$56.70−0.80%last session
Market cap
$48.5B
P/E (TTM)
10.6x
From 52w high
−28.4%
From 52w low
+47.4%
1-year return
−14.0%
RSI 14 · vs SMA200
59.9 · +13.4%
IS score
64.3/ 100
Factor model across 8 sub-scores, ranked against 3,010 US stocks. Describes the business, not the outlook.
Download full factsheet (PDF)
One year, rebased to 100
PYPL SPY XLF (sector ETF) · weekly closesScore DNA
Each bar is a 0-100 score within the scored universe62Profitability
48Growth
77Value
76Momentum
100Risk (safety)
77Quality
69Balance sheet
69Earnings quality
Flags
Strengths
✓ Congress buying
Warnings
None of the computed warning flags fires for PYPL (Altman, Beneish, accruals, FCF, dilution).
Observations
Moat model: Weak, Efficient ScalePiotroski 6 / 9Beta 1.292 of 4 smart-money sources active
Smart-money strip
Each disclosure source on its own window. Filings coinciding is not coordination.INSForm 4 · 180 days
Insider open-market buys
0
19 open-market sales, $2.0M
Form 144 notices (12m): 24, $8.2M proposed, not confirmed sales
CONGSTOCK Act · 180 days
Congressional purchases
6
Last disclosed purchase 2026-07-30
Members disclose in ranges, 30-45 days after the trade
13F13F · quarter to 2026-06-30
Net change in institutional holders
−112
110 new holders, 204 closed
1,390 filers hold 73.7% · 408 added, 689 trimmed
ETFETF holdings · 30 days
Net funds accumulating
−8
1,228 funds adding shares
1,236 funds trimming · counts of funds, not dollars
DARKFINRA · daily
Short-sale share of off-exchange volume
31.2%
20-day avg 44.6%, 50-day avg 44.3%
Latest 13.4 pp under its 20-day average · a flow, not short interest
Key financials · FY2025
USD, fiscal year. Stock-based compensation is non-cash; shown against FCF.Income statement
Revenue$33.2B
Revenue growth YoY+4.3%
Gross margin46.6%
Operating income$6.1B
Operating margin18.3%
Net income$5.2B
Net margin15.8%
EPS (diluted)$5.41
Cash flow
Operating cash flow$6.4B
Capital expenditure$852.0M
Free cash flow$5.6B
FCF conversion (FCF / OCF)86.7%
Stock-based compensation$1.0B
FCF less SBC$4.6B
Buybacks$6.1B
Dividends$130.0M
Balance sheet & returns
Cash & short-term investments$10.4B
Total debt$10.0B
Net cash$435.0M
Shareholders' equity$20.3B
Goodwill & intangibles$11.1B
Debt / equity0.72
ROE (TTM)24.4%
ROIC (TTM)14.5%
Operating margin by fiscal year
Revenue $25.4B (FY2021) to $33.2B (FY2025), a 6.9% CAGR.
Valuation
P/E (TTM)10.6x
EV / EBITDA7.0x
Price / sales1.42x
Price / FCF7.4x
FCF yield13.58%
Buyback yield12.48%
SBC / revenue2.9%
Price / book2.56x
Forward P/E FY202610.5x
Forward P/E FY20279.8x
Forward P/E FY20289.0x
Forward multiples divide today's price by Street EPS estimates. Street mean target $56.67 across 21 analysts last quarter is theirs, not ours.
PYPL vs industry median
165 companies in Financial - Credit Services
PYPL (TTM)Industry median
Asset turnover 0.41 vs industry 0.20 · financial leverage 4.17
Earnings delivery
Next report 2026-10-27 · consensus EPS $1.3183%
beat rate, 10 of 12 quarters
+8.3%
median EPS surprise
9
longest beat streak
EPS surprise in % vs the consensus at the time, oldest (left) to newest, 2023-08-02 to 2026-05-05. Bars cap at ±60%.
Peers
Market-cap band, not the industry cohort above| Company | Mkt cap | P/E | ROE | Net margin | Rev growth | 12m return |
|---|---|---|---|---|---|---|
| PYPL PayPal Holdings, Inc. | $48.5B | 10.6x | 24.4% | 14.4% | +4.3% | −14.0% |
| SYF Synchrony Financial | $24.0B | 7.5x | 20.8% | 18.9% | −2.4% | +5.3% |
| GPN Global Payments Inc. | $22.1B | n/m | -4.2% | -0.3% | +14.8% | +1.3% |
| AFRM Affirm Holdings, Inc. | $22.0B | 13.0x | 45.1% | — | +29.8% | +7.2% |
| COF Capital One Financial Corpor | $123.8B | 12.5x | 9.4% | 15.2% | +36.7% | −0.3% |
| SOFI SoFi Technologies, Inc. | $18.8B | 28.5x | 7.1% | 10.0% | +34.2% | — |
| ALLY Ally Financial Inc. | $11.5B | 8.8x | 9.7% | 10.1% | +2.0% | — |
| AXP American Express Company | $211.8B | 19.0x | 34.4% | 14.4% | +9.4% | — |
12-month window: SPY +15.9%, sector ETF XLF +7.2%. Past returns describe history only.
Recent 8-K filings
2026-07-28Earnings Release; Exhibits
2026-05-21Officer/Director Change; Shareholder Vote; Exhibits
2026-05-15Other Events; Exhibits
2026-05-05Earnings Release; Exhibits
2026-04-30Officer/Director Change; Regulation FD; Exhibits
2026-03-25Officer/Director Change; Exhibits
Context
Shares outstanding855,461,000
Free float99.9%
Institutional ownership73.7%
Beta1.29
Dividend yield0.99%
Last dividend$0.14 on 2026-09-04
50 / 200-day average$56.15 / $50.06
Large-cap Financial Services median P/E14.0x
Full factsheet
The PDF carries everything on this page plus the cash-allocation waterfall, Form 144 notices, 13F holder detail, dark-pool and short-flow history, seasonality and the moat assessment (Weak).
Read it in the browser Download (PDF)All fundamentals · 140 measures in 13 categories
Percentile = where PYPL sits among 43 scored companies in Financial - Credit Services (0 = lowest value, 100 = highest). It is a position, not a grade. Balance-sheet ratios built for operating companies are n/a for lenders and insurers.ValuationProfitability (TTM)Returns on capitalGrowthMargin history & stabilityLiquidity (latest quarter)Leverage & solvency (latest quarter)EfficiencyCash flow & earnings qualityDividends & buybacksScores & forensic checksPer shareSize (TTM)
Valuation
| Measure | PYPL | Industry percentile |
|---|---|---|
| P/E (TTM) | 9.9x | 56th |
| PEG (P/E ÷ 3-yr EPS CAGR) | 0.70 | 40th |
| Price / sales | 1.4x | 60th |
| Price / book | 2.4x | 74th |
| Price / tangible book | 4.5x | 72nd |
| Price / free cash flow | n/a | |
| Price / operating cash flow | n/a | |
| Enterprise value | n/a | |
| EV / sales | n/a | |
| EV / EBITDA | n/a | |
| EV / EBIT | n/a | |
| EV / free cash flow | n/a | |
| Earnings yield | 10.1% | 55th |
| FCF yield | n/a | |
| Operating cash flow yield | n/a | |
| Graham number (per share) | $51.89 | 38th |
Profitability (TTM)
| Measure | PYPL | Industry percentile |
|---|---|---|
| Gross margin | n/a | |
| EBITDA margin | n/a | |
| Operating margin | 18.8% | 48th |
| EBIT margin | 19.8% | 55th |
| Net margin | 14.4% | 67th |
| NOPAT margin | 15.7% | 45th |
| FCF margin | n/a | |
| Operating cash flow margin | n/a | |
| R&D / revenue | 9.5% | 100th |
| SG&A / revenue | 12.6% | 33rd |
| Stock comp / revenue | 2.9% | 86th |
| Effective tax rate | 16.4% | 10th |
Returns on capital
| Measure | PYPL | Industry percentile |
|---|---|---|
| ROE (on average equity) | 24.5% | 67th |
| ROA | 6.0% | 76th |
| ROIC | n/a | |
| ROCE | n/a | |
| Return on tangible assets | 8.3% | 71st |
| Cash ROIC (OCF / invested capital) | n/a | |
| Gross profitability (GP / assets) | n/a | |
| ROIC, 3-yr average | n/a | |
| ROIC, 5-yr average | n/a | |
| ROE, 5-yr average | 20.1% | 64th |
| Incremental ROIC | n/a |
Growth
| Measure | PYPL | Industry percentile |
|---|---|---|
| Revenue growth (TTM YoY) | 5.7% | 38th |
| Revenue growth (QoQ) | 3.9% | 69th |
| Revenue CAGR, 3 yr | 6.1% | 30th |
| Revenue CAGR, 5 yr | 7.4% | 43rd |
| Gross profit CAGR, 3 yr | n/a | |
| Operating income CAGR, 3 yr | 12.6% | 34th |
| Net income growth (TTM YoY) | 4.8% | 15th |
| Net income CAGR, 3 yr | 6.4% | 19th |
| EPS growth (TTM YoY) | 13.6% | 30th |
| EPS CAGR, 3 yr | 14.1% | 50th |
| EPS CAGR, 5 yr | 5.8% | 65th |
| FCF growth (TTM YoY) | n/a | |
| FCF CAGR, 3 yr | n/a | |
| Operating cash flow CAGR, 3 yr | n/a | |
| Book value CAGR, 3 yr | 7.6% | 47th |
| Dividend CAGR, 3 yr | — | |
| Sustainable growth rate | 22.6% | 71st |
Margin history & stability
| Measure | PYPL | Industry percentile |
|---|---|---|
| Gross margin, 3-yr average | n/a | |
| Operating margin, 3-yr average | 18.1% | 49th |
| Net margin, 3-yr average | 14.4% | 69th |
| FCF margin, 3-yr average | n/a | |
| Revenue stability (0-1) | 0.99 | 90th |
| Earnings stability (0-1) | 0.17 | 28th |
| Margin stability (0-1) | 0.90 | 77th |
Liquidity (latest quarter)
| Measure | PYPL | Industry percentile |
|---|---|---|
| Cash & short-term investments | n/a | |
| Net cash (− = net debt) | n/a | |
| Working capital | n/a | |
| Current ratio | n/a | |
| Quick ratio | n/a | |
| Cash ratio (cash + ST investments / current liabilities) | n/a | |
| Defensive interval (days) | n/a |
Leverage & solvency (latest quarter)
| Measure | PYPL | Industry percentile |
|---|---|---|
| Total debt | n/a | |
| Debt / equity | n/a | |
| Net debt / equity | n/a | |
| Debt / assets | n/a | |
| Debt / capital | n/a | |
| Debt / EBITDA | n/a | |
| Net debt / EBITDA | n/a | |
| Interest coverage (EBIT / interest) | n/a | |
| Cash interest coverage | n/a | |
| Debt payback (years of OCF) | n/a | |
| Liabilities / assets | 76.0% | 31st |
| IS credit model rating | AA+ | |
| Implied credit spread (bps) | 65 | 2nd |
Efficiency
| Measure | PYPL | Industry percentile |
|---|---|---|
| Asset turnover | n/a | |
| Fixed asset turnover | n/a | |
| Inventory turnover | n/a | |
| Receivables turnover | n/a | |
| Days sales outstanding | n/a | |
| Days inventory outstanding | n/a | |
| Days payables outstanding | n/a | |
| Cash conversion cycle (days) | n/a | |
| Capex / revenue | n/a | |
| Capex / depreciation | n/a | |
| Operating expense ratio | n/a |
Cash flow & earnings quality
| Measure | PYPL | Industry percentile |
|---|---|---|
| Operating cash flow / net income | n/a | |
| FCF / net income | n/a | |
| FCF / operating cash flow | n/a | |
| Capex / operating cash flow | n/a | |
| Accruals ratio | n/a | |
| Sloan accruals ratio | n/a | |
| Earnings quality score (0-1) | n/a |
Scores & forensic checks
| Measure | PYPL | Industry percentile |
|---|---|---|
| IS score | 64 | 76th |
| IS profitability | 62 | 69th |
| IS growth | 48 | 28th |
| IS value | 77 | 57th |
| IS momentum | 76 | 44th |
| IS risk (safety) | 100 | 45th |
| IS quality | 77 | 86th |
| IS balance sheet | 69 | 90th |
| IS earnings quality | 69 | 45th |
| IS cash flow | 76 | 60th |
| Piotroski F-score (0-9) | 6 | 29th |
| Altman Z-score | — | |
| Beneish M-score | — | |
| Ohlson O-score | −7.52 | 19th |
| IS credit score | 91 | 88th |
Size (TTM)
| Measure | PYPL | Industry percentile |
|---|---|---|
| Market cap | $48.5B | 90th |
| Revenue | $34.1B | 90th |
| EBITDA | $7.7B | 90th |
| Net income | $4.9B | 90th |
| Free cash flow | n/a | |
| Total assets | $82.7B | 86th |
| Shareholders' equity | $19.8B | 88th |
| Employees | 23,800 | 88th |
Insider transactions, last 6 months
Form 4 · most recent 12| Date | Insider | Type | Shares | Price | Value | Owned after |
|---|---|---|---|---|---|---|
| 2026-10-15 | Webster Aaron EVP, Global Chief Risk Officer |
Option exercise | 5,900 | — | — | 71,661 |
| 2026-10-15 | Webster Aaron EVP, Global Chief Risk Officer |
Option exercise | 2,622 | — | — | 74,283 |
| 2026-10-15 | Webster Aaron EVP, Global Chief Risk Officer |
Tax withholding | 3,883 | $56.10 | $217,836 | 70,400 |
| 2026-10-15 | Webster Aaron EVP, Global Chief Risk Officer |
Option exercise | 5,900 | — | — | 11,800 |
| 2026-10-15 | Webster Aaron EVP, Global Chief Risk Officer |
Option exercise | 2,622 | — | — | 5,244 |
| 2026-10-15 | Natali Chris SVP, Chief Accounting Officer |
Option exercise | 2,727 | — | — | 5,127 |
| 2026-10-15 | Natali Chris SVP, Chief Accounting Officer |
Tax withholding | 1,291 | $56.10 | $72,425 | 3,836 |
| 2026-10-15 | Natali Chris SVP, Chief Accounting Officer |
Option exercise | 2,727 | — | — | 8,176 |
| 2026-10-15 | Keller Frank Pres., Checkout Sol. & PayPal |
Option exercise | 1,639 | — | — | 43,206 |
| 2026-10-15 | Keller Frank Pres., Checkout Sol. & PayPal |
Tax withholding | 907 | $56.10 | $50,883 | 42,299 |
| 2026-10-15 | Keller Frank Pres., Checkout Sol. & PayPal |
Option exercise | 1,639 | — | — | 3,278 |
| 2026-09-15 | Miller Jamie S Chief Fin & Op Officer |
Option exercise | 9,094 | — | — | 89,627 |
Shares acquired vs disposed, by month
acquired disposed · all Form 4 typesBy transaction type, 6 months
| Type | Direction | Filings | Shares | Value |
|---|---|---|---|---|
| Award / grant | Acquired | 13 | 945,470 | — |
| Open-market buy | Disposed | 1 | 6,129 | $254,537 |
| Open-market sale | Disposed | 19 | 39,548 | $2.0M |
| Option exercise | Acquired | 28 | 127,524 | — |
| Option exercise | Disposed | 28 | 127,524 | — |
| Tax withholding | Disposed | 20 | 63,766 | $3.2M |
Awards, option exercises and tax withholding are compensation mechanics; open-market buys and sales are the discretionary ones.
Form 144 notices
12 months: 24 notices · 163,312 shares · $8.2M| Filed | Filer | Shares proposed | Est. proceeds |
|---|---|---|---|
| 2026-09-03 | Suzan Kereere | 3,379 | $184,730 |
| 2026-09-03 | Frank Keller | 4,612 | $252,138 |
| 2026-09-03 | Christopher Natali | 552 | $30,178 |
| 2026-08-18 | Suzan Kereere | 4,162 | $251,676 |
A Form 144 is notice of a proposed sale, not a confirmed one.
Congress trades
12 months: House 27 trades (8 purchases) · Senate 12 (10 purchases)| Traded | Member | Chamber | Type | Amount | Disclosed |
|---|---|---|---|---|---|
| 2026-09-25 | Ro Khanna | House | Sale | $1,001 - $15,000 | 2026-10-09 |
| 2026-07-30 | John Boozman | Senate | Purchase | $1,001 - $15,000 | 2026-08-17 |
| 2026-07-30 | John Boozman | Senate | Purchase | $1,001 - $15,000 | 2026-08-17 |
| 2026-07-30 | John Boozman | Senate | Purchase | $1,001 - $15,000 | 2026-08-17 |
| 2026-07-30 | John Boozman | Senate | Purchase | $1,001 - $15,000 | 2026-08-16 |
| 2026-05-15 | Gilbert Cisneros | House | Sale | $1,001 - $15,000 | 2026-06-09 |
| 2026-05-15 | Gilbert Cisneros | House | Sale (Partial) | $1,001 - $15,000 | 2026-06-09 |
| 2026-05-14 | Gilbert Ray Cisneros | House | Sale (Partial) | $1,001 - $15,000 | 2026-06-09 |
STOCK Act disclosures, in ranges, filed up to 45 days after the trade.
Largest 13F holders
Quarter to 2026-06-30, the latest most managers have filed| Manager | Shares | Value | % of shares out |
|---|---|---|---|
| BlackRock, Inc. | 74,965,012 | $3.2B | 8.76% |
| VANGUARD CAPITAL MANAGEMENT LLC | 53,624,311 | $2.3B | 6.27% |
| STATE STREET CORP | 41,228,833 | $1.8B | 4.82% |
| Invesco Ltd. | 33,444,420 | $1.4B | 3.91% |
| GEODE CAPITAL MANAGEMENT, LLC | 29,372,478 | $1.3B | 3.43% |
| Comprehensive Financial Management LLC | 23,950,118 | $1.0B | 2.80% |
| VANGUARD PORTFOLIO MANAGEMENT LLC | 22,656,267 | $978.3M | 2.65% |
| BANK OF AMERICA CORP /DE/ | 22,592,936 | $975.6M | 2.64% |
| GOLDMAN SACHS GROUP INC | 11,581,581 | $500.1M | 1.35% |
| NORGES BANK | 11,379,017 | $491.3M | 1.33% |
| PRIMECAP MANAGEMENT CO/CA/ | 9,775,170 | $422.1M | 1.14% |
| DIMENSIONAL FUND ADVISORS LP | 8,588,668 | $370.9M | 1.00% |
| MORGAN STANLEY | 8,066,739 | $348.3M | 0.94% |
| FIRST TRUST ADVISORS LP | 7,713,570 | $333.1M | 0.90% |
| NORTHERN TRUST CORP | 7,232,909 | $312.3M | 0.85% |
Institutional ownership by quarter
% of shares held by 13F filers
Number of 13F filers holding
Holder changes by quarter
| Quarter | Holders | Ownership | New | Increased | Reduced | Closed |
|---|---|---|---|---|---|---|
| 2026-06-30 | 1,390 | 73.7% | 110 | 408 | 689 | 204 |
| 2026-03-31 | 1,502 | 73.0% | 160 | 537 | 649 | 360 |
| 2025-12-31 | 1,732 | 80.7% | 232 | 514 | 826 | 224 |
| 2025-09-30 | 1,770 | 79.2% | 132 | 624 | 759 | 189 |
| 2025-06-30 | 1,861 | 81.0% | 157 | 673 | 789 | 153 |
| 2025-03-31 | 1,879 | 81.9% | 163 | 740 | 747 | 241 |
| 2024-12-31 | 1,994 | 81.8% | 287 | 679 | 769 | 122 |
| 2024-09-30 | 1,860 | 79.4% | 275 | 640 | 723 | 130 |
| 2024-06-30 | 1,732 | 79.7% | 154 | 595 | 747 | 179 |
| 2024-03-31 | 1,780 | 79.7% | 187 | 658 | 731 | 202 |
| 2023-12-31 | 1,827 | 81.8% | 256 | 564 | 831 | 152 |
| 2023-09-30 | 1,748 | 82.0% | 126 | 667 | 755 | 208 |
Schedule 13D / 13G filers
| Filed | Form | Filer | % of class | Shares |
|---|---|---|---|---|
| 2026-04-30 | SCHEDULE 13G | Vanguard Capital Management | 7.0% | 64,386,654 |
| 2026-01-30 | SCHEDULE 13G/A | The Vanguard Group | 9.7% | 90,375,902 |
Required above 5% of a class; 13G is the passive form.
ETFs with the largest holding
| ETF | Weight in fund | Holding value |
|---|---|---|
| VITSX | 0.05% | $1.3B |
| VTI | 0.05% | $1.3B |
| VTSAX | 0.05% | $1.3B |
| VSMPX | 0.05% | $1.3B |
| VOO | 0.06% | $1.0B |
| VFFSX | 0.06% | $1.0B |
Share structure
Shares outstanding855,461,000
Float854,390,818
Free float99.9%
Income statement
Fiscal years, USD| FY2021 | FY2022 | FY2023 | FY2024 | FY2025 | |
|---|---|---|---|---|---|
| Revenue | $25.4B | $27.5B | $29.8B | $31.8B | $33.2B |
| Cost of revenue | $11.4B | $13.7B | $16.1B | $17.1B | $17.7B |
| Gross profit | $14.0B | $13.8B | $13.7B | $14.7B | $15.5B |
| R&D | $3.0B | $3.3B | $3.0B | $3.0B | $3.1B |
| SG&A | $4.6B | $4.4B | $3.9B | $4.1B | $4.3B |
| Operating income | $4.3B | $3.8B | $5.0B | $5.3B | $6.1B |
| EBITDA | $5.6B | $5.0B | $6.8B | $6.7B | $7.7B |
| Pretax income | $4.1B | $3.4B | $5.4B | $5.3B | $6.3B |
| Income tax | −$70.0M | $947.0M | $1.2B | $1.2B | $1.1B |
| Net income | $4.2B | $2.4B | $4.2B | $4.1B | $5.2B |
| EPS, diluted | $3.52 | $2.09 | $3.84 | $3.99 | $5.41 |
| Diluted shares | 1.2B | 1.2B | 1.1B | 1.0B | 968.0M |
Balance sheet
| FY2021 | FY2022 | FY2023 | FY2024 | FY2025 | |
|---|---|---|---|---|---|
| Cash & short-term investments | $9.4B | $10.9B | $14.1B | $10.8B | $10.4B |
| Receivables | $41.8B | $44.7B | $46.0B | $45.6B | $47.5B |
| Inventory | $0 | $0 | $0 | $0 | $0 |
| Total current assets | $52.6B | $57.4B | $62.6B | $61.1B | $59.8B |
| PP&E, net | $1.9B | $1.7B | $1.5B | $1.5B | $1.7B |
| Goodwill & intangibles | $12.8B | $12.0B | $11.6B | $11.2B | $11.1B |
| Total assets | $75.8B | $78.6B | $82.2B | $81.6B | $80.2B |
| Accounts payable | $39.0B | $40.1B | $42.1B | $39.9B | $40.4B |
| Total current liabilities | $43.0B | $45.0B | $48.5B | $48.4B | $46.4B |
| Long-term debt | $8.0B | $10.4B | $9.7B | $9.9B | $10.0B |
| Total liabilities | $54.1B | $58.4B | $61.1B | $61.2B | $59.9B |
| Shareholders' equity | $21.7B | $20.3B | $21.1B | $20.4B | $20.3B |
Cash flow statement
Outflows are negative| FY2021 | FY2022 | FY2023 | FY2024 | FY2025 | |
|---|---|---|---|---|---|
| Net income | $4.2B | $2.4B | $4.2B | $4.1B | $5.2B |
| Depreciation & amortization | $1.3B | $1.3B | $1.1B | $1.0B | $963.0M |
| Stock-based compensation | $1.4B | $1.3B | $1.5B | $1.2B | $1.0B |
| Change in working capital | −$1.6B | −$454.0M | −$1.3B | −$558.0M | −$1.1B |
| Operating cash flow | $5.8B | $5.8B | $4.8B | $7.5B | $6.4B |
| Capital expenditure | −$908.0M | −$706.0M | −$623.0M | −$683.0M | −$852.0M |
| Free cash flow | $4.9B | $5.1B | $4.2B | $6.8B | $5.6B |
| Investing cash flow | −$5.1B | −$3.3B | $752.0M | $1.6B | $797.0M |
| Net debt issued / repaid | −$89.0M | $1.8B | $475.0M | −$115.0M | $482.0M |
| Buybacks | −$3.4B | −$4.2B | −$5.0B | −$6.0B | −$6.1B |
| Dividends paid | $0 | $0 | $0 | $0 | −$130.0M |
Ratio history
Margins on the fiscal-year (TTM at Q4) basis; multiples at each year end| FY2021 | FY2022 | FY2023 | FY2024 | FY2025 | |
|---|---|---|---|---|---|
| Gross margin | 55.2% | 50.1% | 46.0% | 46.1% | 46.6% |
| Operating margin | 16.8% | 13.9% | 16.9% | 16.7% | 18.3% |
| Net margin | 16.4% | 8.8% | 14.3% | 13.0% | 15.8% |
| FCF margin | 21.4% | 17.0% | 14.2% | 21.3% | 16.8% |
| ROE | 20.0% | 11.5% | 20.5% | 20.0% | 25.7% |
| ROIC | 20.3% | 13.9% | 23.7% | 21.3% | 25.4% |
| ROA | 5.7% | 3.1% | 5.3% | 5.1% | 6.5% |
| Debt / equity | 0.42 | 0.51 | 0.46 | 0.48 | 0.49 |
| Interest coverage | 18.7x | 12.1x | 16.6x | 15.0x | 15.3x |
| Current ratio | 1.22 | 1.28 | 1.29 | 1.26 | 1.29 |
| Revenue growth | +18.3% | +8.5% | +8.2% | +6.8% | +4.3% |
| EPS growth | −2.0% | −39.8% | +85.2% | +4.4% | +36.3% |
| P/E at year end | 53.6x | 33.6x | 15.6x | 20.8x | 10.5x |
| EV / EBITDA at year end | 39.8x | 16.2x | 9.1x | 12.7x | 7.1x |
| FCF yield at year end | 2.43% | 5.75% | 6.35% | 7.84% | 10.15% |
| Dividend payout | 0.0% | 0.0% | 0.0% | 0.0% | 2.5% |
Revenue by segment
| FY2021 | FY2022 | FY2023 | FY2024 | FY2025 | |
|---|---|---|---|---|---|
| Transaction Revenue | $23.4B | $25.2B | $26.9B | $28.8B | $29.8B |
| Other Value Added Services | $2.0B | $2.3B | $2.9B | $3.0B | $3.4B |
Revenue by region · FY2025
UNITED STATES$18.9B · 57%
Countries Other Than US And United Kingdom$14.3B · 43%
Street estimates by fiscal year
Next report 2026-10-27 · consensus EPS $1.31 · these are analysts' numbers, not ours| Fiscal year | Revenue (mean) | Revenue range | EPS (mean) | EPS range | Analysts | P/E on mean EPS |
|---|---|---|---|---|---|---|
| 2026 | $34.8B | $34.3B – $35.1B | $5.39 | $5.23 – $5.54 | 27 | 10.5x |
| 2027 | $36.3B | $35.6B – $36.9B | $5.78 | $5.54 – $6.06 | 27 | 9.8x |
| 2028 | $37.9B | $36.2B – $39.9B | $6.27 | $5.36 – $7.17 | 18 | 9.0x |
Reported vs expected, every quarter on file
| Reported | EPS expected | EPS actual | EPS surprise | Revenue expected | Revenue actual | Revenue surprise |
|---|---|---|---|---|---|---|
| 2026-05-05 | $1.27 | $1.34 | +5.5% | $8.0B | $8.4B | +3.8% |
| 2026-02-03 | $1.29 | $1.23 | −4.7% | $8.8B | $8.7B | −1.3% |
| 2025-10-28 | $1.20 | $1.34 | +11.7% | $8.2B | $8.4B | +2.2% |
| 2025-07-29 | $1.30 | $1.40 | +7.7% | $8.1B | $8.3B | +2.5% |
| 2025-04-29 | $1.16 | $1.33 | +14.7% | $7.8B | $7.8B | −0.7% |
| 2025-02-04 | $1.11 | $1.19 | +7.2% | $8.3B | $8.4B | +1.3% |
| 2024-10-29 | $1.07 | $1.20 | +12.1% | $7.9B | $7.8B | −0.5% |
| 2024-07-30 | $0.99 | $1.19 | +20.2% | $7.8B | $7.9B | +0.5% |
| 2024-04-30 | $1.22 | $1.40 | +14.8% | $7.5B | $7.7B | +2.4% |
| 2024-02-07 | $1.36 | $1.48 | +8.8% | $7.9B | $8.0B | +2.0% |
| 2023-11-01 | $1.22 | $1.30 | +6.6% | $7.0B | $7.4B | +6.5% |
| 2023-08-02 | $1.16 | $1.16 | 0.0% | $7.3B | $7.3B | +0.2% |
| 2023-05-08 | $1.10 | $1.17 | +6.4% | $7.0B | $7.0B | +0.9% |
| 2023-02-09 | $1.20 | $1.24 | +3.3% | $7.4B | $7.4B | −0.1% |
| 2022-11-03 | $0.96 | $1.08 | +12.5% | $6.8B | $6.8B | +0.4% |
| 2022-08-02 | $0.85 | $0.93 | +9.4% | $6.8B | $6.8B | +0.4% |
| 2022-04-27 | $0.88 | $0.88 | 0.0% | $6.4B | $6.5B | +1.3% |
| 2022-02-01 | $1.12 | $1.11 | −0.9% | $6.9B | $6.9B | +0.3% |
| 2021-11-08 | $1.07 | $1.11 | +3.7% | $6.3B | $6.2B | −1.1% |
| 2021-07-28 | $1.12 | $1.15 | +2.7% | $6.2B | $6.2B | −0.1% |
| 2021-05-05 | $1.01 | $1.22 | +20.8% | $5.9B | $6.0B | +2.3% |
| 2021-02-03 | $1.00 | $1.08 | +8.0% | $6.1B | $6.1B | +0.4% |
| 2020-11-02 | $0.94 | $1.07 | +13.8% | $4.8B | $5.5B | +13.8% |
| 2020-07-29 | $0.88 | $1.07 | +21.6% | $4.3B | $5.3B | +21.6% |
Off-exchange (dark pool) volume, weekly
FINRA ATS, $ billions · through the week of 2026-08-31 (FINRA publishes with a delay)| Week of | Notional | Shares | Trades |
|---|---|---|---|
| 2026-08-31 | $665.1M | 12,278,550 | 149,952 |
| 2026-08-24 | $635.2M | 11,114,451 | 157,057 |
| 2026-08-17 | $499.5M | 8,136,756 | 127,734 |
| 2026-08-10 | $391.2M | 6,531,463 | 101,226 |
| 2026-08-03 | $326.6M | 5,580,410 | 103,690 |
| 2026-07-27 | $642.0M | 11,128,152 | 156,611 |
Short-sale share of off-exchange volume
daily 20-day average| Date | Short share | Short volume | Total volume |
|---|---|---|---|
| 2026-10-15 | 31.2% | 819,455 | 2,622,525 |
| 2026-10-14 | 41.3% | 890,623 | 2,155,008 |
| 2026-10-13 | 31.3% | 584,431 | 1,869,871 |
| 2026-10-12 | 32.1% | 733,617 | 2,283,733 |
| 2026-10-09 | 32.5% | 838,591 | 2,578,641 |
| 2026-10-08 | 44.5% | 1,779,334 | 3,996,596 |
| 2026-10-07 | 52.4% | 1,310,053 | 2,500,860 |
| 2026-10-06 | 49.4% | 1,065,747 | 2,155,577 |
| 2026-10-05 | 54.2% | 1,505,330 | 2,775,045 |
| 2026-10-02 | 47.5% | 1,339,730 | 2,820,938 |
A daily flow measure from FINRA, not short interest.
Seasonality
Average return by calendar month| Month | Avg return | Up years | Years |
|---|---|---|---|
| Jan | +1.5% | 64% | 11 |
| Feb | −5.7% | 45% | 11 |
| Mar | −1.0% | 45% | 11 |
| Apr | +3.9% | 60% | 10 |
| May | +2.2% | 50% | 10 |
| Jun | +1.7% | 70% | 10 |
| Jul | +5.1% | 64% | 11 |
| Aug | +1.5% | 73% | 11 |
| Sep | −2.4% | 27% | 11 |
| Oct | +0.1% | 55% | 11 |
| Nov | +0.2% | 55% | 11 |
| Dec | −0.0% | 55% | 11 |
History, not a forecast.
Indicators
as of 2026-10-16RSI 1459.9
MFI64.1
ADX23.4
Stochastic %K / %D90.5 / 93.5
Williams %R-20.0
CCI148
TSI / signal9.2 / -0.8
Chaikin money flow0.24
ATR$1.34
Bollinger width10.9%
Volume vs 20-day avg0.98x
SupertrendUp
Moving averages and bands
level (price vs level)SMA 20$54.45 (+4.1%)
SMA 50$56.06 (+1.1%)
SMA 200$50.00 (+13.4%)
EMA 21$55.12 (+2.9%)
EMA 50$54.66 (+3.7%)
EMA 200$53.85 (+5.3%)
Bollinger upper$57.43 (−1.3%)
Bollinger lower$51.47 (+10.2%)
Parabolic SAR$53.20 (+6.6%)
Open the live chart, 110+ indicatorsAbout PayPal Holdings, Inc.
PayPal Holdings, Inc. provides a worldwide technological framework that facilitates digital financial transactions for both businesses and individual users. The company offers a wide array of payment services through well-known brands such as PayPal, PayPal Credit, Braintree, Venmo, Xoom, Zettle, Hyperwallet, Honey, and Paidy. Through its extensive platform, consumers are able to send and receive funds across roughly 200 global markets and in approximately 100 different currencies. Additionally, users can transfer money to their bank accounts in 56 currencies and maintain account balances in 25 distinct currencies within their PayPal accounts. Founded in 1998, the company's corporate headquarters are situated in San Jose, California.
https://www.paypal.com
Key executives
| Name | Title | Pay | Born |
|---|---|---|---|
| Jamie S. Miller | Chief Financial & Operating Officer and Executive VP | $1.9M | 1969 |
| Frank Keller | President of Checkout Solutions & PayPal | $1.8M | 1974 |
| Suzan Bulyaba Kereere | President of Global Markets | $1.8M | 1966 |
| Enrique J. Lores | President, Chief Executive Officer & Director | $167,534 | 1966 |
| Antonio J. Lucio | Chief Marketing & Corporate Affairs Officer | — | 1959 |
| Bimal Patel | Chief Legal Officer | — | — |
| Christopher Natali | Senior VP & Chief Accounting Officer | — | 1978 |
| Srinivasan Venkatesan | Chief Technology Officer | — | 1971 |
Executive pay, latest proxy
| Executive | Year | Salary | Stock awards | Incentive | Total |
|---|---|---|---|---|---|
| Alex Chriss Former President and Chief Executive Officer | 2025 | $1.3M | $23.4M | $0 | $25.2M |
| Jamie Miller EVP, Chief Financial and Operating Officer | 2025 | $863,014 | $12.1M | $1.1M | $14.0M |
| Michelle Gill EVP, General Manager, Small Business and Financial Services | 2025 | $787,671 | $11.3M | $964,897 | $13.0M |
| Frank Keller EVP, General Manager, Large Enterprise and Merchant Platform | 2025 | $787,671 | $11.3M | $964,897 | $13.0M |
| Diego Scotti EVP, General Manager, Consumer Group | 2025 | $787,671 | $11.3M | $964,897 | $13.0M |
| Suzan Kereere President, Global Markets | 2025 | $787,671 | $11.3M | $964,897 | $13.0M |
Employees
Dividends
| Ex-date | Amount | Paid |
|---|---|---|
| 2026-09-04 | $0.14 | 2026-09-25 |
| 2026-06-04 | $0.14 | 2026-06-25 |
| 2026-03-04 | $0.14 | 2026-03-25 |
| 2025-11-19 | $0.14 | 2025-12-10 |
Moat model
Weak · Efficient Scale · 2026-06-30Cost advantage59
Intangibles42
Switching costs46
Network effect47
Efficient scale80
Our component scores (0-100) and overall 52.9; a model of the business, not a call on the stock.
InsiderStreet reports findings from filings and market data. Nothing on this page is a recommendation to buy or sell.Every figure is computed in code · data as of 2026-10-17