Metrics
The numbers behind PayPal Holdings, Inc.: as-reported financial statements and company metrics for FY2021–FY2025, traced to the source filings, opened with the share-price history those statements have to justify. Every linked figure opens the exact page of the filing it was printed on, with the statement row highlighted. Amounts in US$ millions unless noted.
Reading notes: Every annual column is cited to that fiscal year's own Form 10-K, as originally reported. Later 10-Ks reclassified several lines (see discrepancies); using own-year figures keeps each citation on the page that first printed the number. Revenue breakdown uses PayPal's Note 3 disaggregation by category (transaction revenues vs revenues from other value added services), which is reported consistently across all five years. PayPal also disaggregates revenue by geography (U.S. vs other countries); that cut is not charted here because the presentation changed (the U.K. was broken out through FY2022 and folded into 'other countries' thereafter). The SEC XBRL feed returned null net revenues for FY2020–FY2025; revenue was taken directly from the filings. FY2016–FY2020 long-term-record figures are from the standardized data feed (SEC XBRL) and carry no page links; FY2019–FY2020 also appear as comparative columns in the FY2021 10-K. FY2020 operating cash flow in the feed (6,219) reflects the later reclassified basis (the FY2021 10-K as-originally-reported figure was 5,854).
Share Price — Full Available History — 11 Years
The stock closed at $56.15 on Jul 24, 2026 — up 53% over the window shown (+3.9% a year), trading between $30.63 and $308.53.
Source: market price feed, weekly closes, sampled from 2,781 source observations, Jul 2015–Jul 2026. Price return only, excludes dividends.
Market capitalization $68.4bn and enterprise value $70.3bn.
Market cap = 1.22B shares outstanding × the Jul 24, 2026 close of $56.15. Enterprise value adds total debt of $10.0bn and subtracts cash and equivalents of $8.0bn (net debt of $1.9bn), from the FY2025 balance sheet. Market-derived figures, shown without filing links.
FY2025 at a Glance
Revenue (US$ millions)
Operating income (US$ millions)
Net income (US$ millions)
Source: FY2025 consolidated statements [1] [2] [3] [4]. Click any linked figure to open the filing page with the row highlighted.
Net Revenues by Category
| Net Revenues by Category | FY2021 | FY2022 | FY2023 | FY2024 | FY2025 |
|---|---|---|---|---|---|
| Transaction revenues | 23,402 | 25,206 | 26,857 | 28,842 | 29,798 |
| Revenues from other value added services | 1,969 | 2,312 | 2,914 | 2,955 | 3,374 |
| Total net revenues | 25,371 | 27,518 | 29,771 | 31,797 | 33,172 |
| Total net revenues growth, derived | — | +8.5% | +8.2% | +6.8% | +4.3% |
Source: Note 3, Revenue — Disaggregation of Revenue (Form 10-K) [5] [6] [7] [8]. Click any linked figure to open the filing page with the row highlighted.
Income Statement
Source: Consolidated Statements of Income (Loss) [1] [2] [3] [4]. Click any linked figure to open the filing page with the row highlighted.
Columns marked E are consensus analyst estimates from S&P Capital IQ (CapIQ), shown alongside reported results for direct comparison; they are not company guidance.
Estimate source: S&P Capital IQ (CapIQ) consensus, as of 2026-07-25. Estimate figures are S&P Capital IQ consensus (vendor data — no filing page links). EPS and net income use the normalized (adjusted) consensus where the street reports it. Line-item analyst models (segments, drivers, KPIs) are in the Visible Alpha tab.
Balance Sheet
Source: Consolidated Balance Sheets (as originally reported each year) [9] [10] [11] [12]. Click any linked figure to open the filing page with the row highlighted.
Cash Flow
Source: Consolidated Statements of Cash Flows [13] [14] [15] [16]. Click any linked figure to open the filing page with the row highlighted.
Platform Engagement Reach
| Platform Engagement Reach | FY2021 | FY2022 | FY2023 | FY2024 | FY2025 |
|---|---|---|---|---|---|
| Payment transactions per active account (TTM) | 45.4 | 51.4 | 58.7 | 60.6 | 57.7 |
| Percent of cross-border TPV | 16.0% | 13.0% | 12.0% | 12.0% | 12.0% |
| Percent of TPV generated outside the U.S. | — | — | 36.0% | 37.0% | 37.0% |
Source: company filings [17] [18] [19] [20]. Click any linked figure to open the filing page with the row highlighted.
Consumer Merchant Credit Book
| Consumer Merchant Credit Book | FY2021 | FY2022 | FY2023 | FY2024 | FY2025 |
|---|---|---|---|---|---|
| Net charge-offs on loans receivable | — | — | 549 | 372 | 328 |
| Consumer loans net charge-off rate (Q4, annualized) | — | — | — | 4.5% | 4.0% |
| Merchant loans net charge-off rate (Q4, annualized) | — | — | — | 5.3% | 7.3% |
| Consumer loans 90 days past due | — | — | — | 1.6% | 1.4% |
| Merchant loans 90 days past due | — | — | — | 2.8% | 3.5% |
Source: company filings [21] [22]. Click any linked figure to open the filing page with the row highlighted.
Non-Cash Charges Tax
| Non-Cash Charges Tax | FY2021 | FY2022 | FY2023 | FY2024 | FY2025 |
|---|---|---|---|---|---|
| Stock-based compensation | 1,376 | 1,261 | 1,475 | 1,230 | 1,002 |
| Depreciation and amortization | 1,265 | 1,317 | 1,072 | 1,032 | 963 |
| Effective income tax rate | (2.0%) | 28.0% | 22.0% | 22.0% | 17.0% |
Source: company filings [13] [23] [14] [24]. Click any linked figure to open the filing page with the row highlighted.
Long-Term Record
| Fiscal year | Total revenue | Operating income | Net income | Diluted earnings per share | Operating cash flow |
|---|---|---|---|---|---|
| FY2016 | 10,842 | 1,586 | 1,401 | 1.15 | 3,158 |
| FY2017 | 13,094 | 2,127 | 1,795 | 1.47 | 2,531 |
| FY2018 | 15,451 | 2,194 | 2,057 | 1.71 | 5,480 |
| FY2019 | 17,772 | 2,719 | 2,459 | 2.07 | 4,071 |
| FY2020 | 21,454 | 3,289 | 4,202 | 3.54 | 6,219 |
| FY2021 | 25,371 | 4,262 | 4,169 | 3.52 | 6,340 |
| FY2022 | 27,518 | 3,837 | 2,419 | 2.09 | 5,813 |
| FY2023 | 29,771 | 5,028 | 4,246 | 3.84 | 4,843 |
| FY2024 | 31,797 | 5,325 | 4,147 | 3.99 | 7,450 |
| FY2025 | 33,172 | 6,065 | 5,233 | 5.41 | 6,416 |
Source: consolidated statements across filings; older years from the standardized feed [13] [1] [14] [2]. Click any linked figure to open the filing page with the row highlighted.
Operating KPIs
| KPI | FY2021 | FY2022 | FY2023 | FY2024 | FY2025 |
|---|---|---|---|---|---|
| Total payment volume | 1,250,000 | 1,360,000 | 1,530,000 | 1,680,000 | 1,790,000 |
| Active accounts | 426,000,000 | 435,000,000 | 426,000,000 | 434,000,000 | 439,000,000 |
| Number of payment transactions | 19,300,000,000 | 22,300,000,000 | 25,000,000,000 | 26,300,000,000 | 25,400,000,000 |
Source: company-reported operating metrics [17] [18] [19] [20]. Click any linked figure to open the filing page with the row highlighted.
Analyst Consensus
Mean target
Median target
High target
Low target
Street ratings: 6 strong buy, 2 buy, 32 hold, 3 strong sell. Consensus: Hold.
Estimate source: S&P Capital IQ (CapIQ) consensus, as of 2026-07-25. Estimate figures are S&P Capital IQ consensus (vendor data — no filing page links). EPS and net income use the normalized (adjusted) consensus where the street reports it. Line-item analyst models (segments, drivers, KPIs) are in the Visible Alpha tab.
Traceability
319 of 344 figures on this page (93%) link to the filing page where they are printed — click a linked figure to open the source PDF at that page with the row highlighted. Unlinked figures come from standardized data feeds or pre-filing years.
Every annual column is cited to that fiscal year's own Form 10-K, as originally reported. Later 10-Ks reclassified several lines (see discrepancies); using own-year figures keeps each citation on the page that first printed the number.
Revenue breakdown uses PayPal's Note 3 disaggregation by category (transaction revenues vs revenues from other value added services), which is reported consistently across all five years. PayPal also disaggregates revenue by geography (U.S. vs other countries); that cut is not charted here because the presentation changed (the U.K. was broken out through FY2022 and folded into 'other countries' thereafter).
The SEC XBRL feed returned null net revenues for FY2020–FY2025; revenue was taken directly from the filings.
FY2016–FY2020 long-term-record figures are from the standardized data feed (SEC XBRL) and carry no page links; FY2019–FY2020 also appear as comparative columns in the FY2021 10-K. FY2020 operating cash flow in the feed (6,219) reflects the later reclassified basis (the FY2021 10-K as-originally-reported figure was 5,854).
Total payment volume (TPV) is displayed in US$ millions (e.g. 1,790,000 = $1.79 trillion); the FY2022 TPV citation lands on the Item 1 financial-highlights graphic because the MD A metrics page rendered the figure as an image.
PayPal initiated a quarterly cash dividend in FY2025 (130 paid); no dividends were paid FY2021–FY2024, so those cells are blank.
Balance-sheet FY2024 comparative figures in the FY2025 and FY2026 filings (total assets 78,725) differ from the FY2024 10-K as-originally-reported (81,611) due to a prepaid/other-current-assets reclassification — see discrepancies.
4 figure(s) differed between the data feed and the filing; the filing value is shown (see the run's metrics/metrics_tab.json for the audit trail).