PayPal Holdings Income Statement

Financials in millions USD. Fiscal year is January - December.

Millions USD. Fiscal year is Jan - Dec.

Fiscal Year	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Dec '25 Dec 31, 2025	Dec '24 Dec 31, 2024	Dec '23 Dec 31, 2023	Dec '22 Dec 31, 2022	Dec '21 Dec 31, 2021
Revenue	33,172	31,797	29,771	27,518	25,371
Revenue Growth (YoY)	4.32%	6.80%	8.19%	8.46%	18.26%
Cost of Revenue	17,707	17,139	16,067	13,745	11,375
Gross Profit	15,465	14,658	13,704	13,773	13,996
Selling, General & Admin	5,966	5,916	5,787	6,476	6,634
Research & Development	3,103	2,979	2,973	3,253	3,038
Other Operating Expenses	331	438	-84	207	62
Operating Income	6,065	5,325	5,028	3,837	4,262
Total Non-Operating Income (Expense)	227	4	383	-471	-163
Pretax Income	6,292	5,329	5,411	3,366	4,099
Provision for Income Taxes	1,059	1,182	1,165	947	-70
Net Income	5,233	4,147	4,246	2,419	4,169
Net Income to Common	5,233	4,147	4,246	2,419	4,169
Net Income Growth	26.19%	-2.33%	75.53%	-41.98%	-0.78%
Shares Outstanding (Basic)	959	1,029	1,103	1,154	1,174
Shares Outstanding (Diluted)	968	1,039	1,107	1,158	1,186
Shares Change (YoY)	-6.83%	-6.14%	-4.40%	-2.36%	-0.08%
EPS (Basic)	5.46	4.03	3.85	2.10	3.55
EPS (Diluted)	5.41	3.99	3.84	2.09	3.52
EPS Growth	35.59%	3.91%	83.73%	-40.63%	-0.56%
Free Cash Flow	5,564	6,767	4,220	5,107	4,889
Free Cash Flow Growth	-17.78%	60.36%	-17.37%	4.46%	-8.67%
Free Cash Flow Per Share	5.75	6.51	3.81	4.41	4.12
Dividends Per Share	0.280	-	-	-	-
Gross Margin	46.62%	46.10%	46.03%	50.05%	55.17%
Operating Margin	18.28%	16.75%	16.89%	13.94%	16.80%
Profit Margin	15.78%	13.04%	14.26%	8.79%	16.43%
FCF Margin	16.77%	21.28%	14.17%	18.56%	19.27%
EBITDA	7,028	6,357	6,100	5,154	5,527
EBITDA Margin	21.19%	19.99%	20.49%	18.73%	21.78%
EBIT	6,065	5,325	5,028	3,837	4,262
EBIT Margin	18.28%	16.75%	16.89%	13.94%	16.80%
Effective Tax Rate	16.83%	22.18%	21.53%	28.13%	-1.71%

Updated Dec 31, 2025. Data Source: Fiscal.ai. Standard template. Financial Sources.