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	19,411	18,907	17,986	15,865	13,450
Gross Profit	13,761	12,890	11,785	11,653	11,921
Selling, General & Admin	4,262	4,148	3,868	4,356	4,559
Research & Development	3,103	2,979	2,973	3,253	3,038
Other Operating Expenses	193	131	92	5	9
Operating Expenses	7,558	7,258	6,933	7,614	7,606
Operating Income	6,203	5,632	4,852	4,039	4,315
Interest Expense	-441	-382	-347	-304	-232
Interest & Investment Income	517	662	480	174	57
Currency Exchange Gain (Loss)	-216	178	-163	202	144
Other Non Operating Income (Expenses)	119	-140	168	-65	-214
EBT Excluding Unusual Items	6,182	5,950	4,990	4,046	4,070
Merger & Restructuring Charges	-138	-307	-180	-202	-27
Gain (Loss) on Sale of Investments	248	-314	245	-478	82
Gain (Loss) on Sale of Assets	-	-	356	-	-
Asset Writedown	-	-	-	-	-26
Pretax Income	6,292	5,329	5,411	3,366	4,099
Income Tax Expense	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 Per Share	5.75	6.51	3.81	4.41	4.12
Dividend Per Share	0.280	-	-	-	-
Gross Margin	41.48%	40.54%	39.59%	42.35%	46.99%
Operating Margin	18.70%	17.71%	16.30%	14.68%	17.01%
Profit Margin	15.78%	13.04%	14.26%	8.79%	16.43%
Free Cash Flow Margin	16.77%	21.28%	14.17%	18.56%	19.27%
EBITDA	6,649	6,166	5,442	4,930	5,214
EBITDA Margin	20.04%	19.39%	18.28%	17.92%	20.55%
D&A For EBITDA	446	534	590	891	899
EBIT	6,203	5,632	4,852	4,039	4,315
EBIT Margin	18.70%	17.71%	16.30%	14.68%	17.01%
Effective Tax Rate	16.83%	22.18%	21.53%	28.13%	-
Advertising Expenses	867	574	364	518	740

Updated Dec 31, 2025. Source: S&P Global Market Intelligence. Standard template. Financial Sources.