PayPal Holdings Cash Flow 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
Net Income	5,233	4,147	4,246	2,419	4,169
Depreciation & Amortization	446	534	590	891	899
Other Amortization	517	498	482	426	366
Loss (Gain) From Sale of Assets	193	125	-303	-	-
Loss (Gain) From Sale of Investments	-245	-50	-568	234	27
Stock-Based Compensation	1,002	1,230	1,475	1,261	1,376
Other Operating Activities	1,650	1,670	910	1,036	605
Change in Accounts Receivable	144	85	-114	-163	-222
Change in Accounts Payable	4	83	7	-35	-31
Change in Other Net Operating Assets	-1,212	-726	-1,207	-256	-1,392
Operating Cash Flow	6,416	7,450	4,843	5,813	5,797
Operating Cash Flow Growth	-13.88%	53.83%	-16.69%	0.28%	-6.79%
Capital Expenditures	-852	-683	-623	-706	-908
Sale of Property, Plant & Equipment	3	1	45	5	5
Cash Acquisitions	-	-	-	-	-2,763
Divestitures	-	-	466	-	-
Investment in Securities	2,534	753	2,315	3,192	-418
Other Investing Activities	-386	3,153	-2,913	-2,552	529
Investing Cash Flow	797	1,689	752	-3,328	-5,149
Short-Term Debt Issued	2,949	656	-	-	-
Long-Term Debt Issued	2,637	1,546	1,528	3,475	272
Total Debt Issued	5,586	2,202	1,528	3,475	272
Short-Term Debt Repaid	-2,949	-656	-	-	-
Long-Term Debt Repaid	-2,155	-1,661	-1,053	-1,686	-361
Total Debt Repaid	-5,104	-2,317	-1,053	-1,686	-361
Net Debt Issued (Repaid)	482	-115	475	1,789	-89
Issuance of Common Stock	117	95	127	143	162
Repurchase of Common Stock	-6,435	-6,398	-5,259	-4,535	-4,409
Common Dividends Paid	-130	-	-	-	-
Other Financing Activities	8	-1,858	1,664	1,400	3,779
Financing Cash Flow	-5,958	-8,276	-2,993	-1,203	-557
Foreign Exchange Rate Adjustments	273	-207	76	-155	-102
Net Cash Flow	1,528	656	2,678	1,127	-11
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 Margin	16.77%	21.28%	14.17%	18.56%	19.27%
Free Cash Flow Per Share	5.75	6.51	3.81	4.41	4.12
Cash Interest Paid	406	366	331	280	231
Cash Income Tax Paid	1,099	1,027	2,118	878	474
Levered Free Cash Flow	3,274	3,595	5,117	3,329	2,753
Unlevered Free Cash Flow	3,550	3,834	5,334	3,519	2,898
Change in Working Capital	-1,064	-558	-1,314	-454	-1,645

Source: S&P Global Market Intelligence. Standard template. Financial Sources.