PayPal Holdings, Inc. (PYPL)

PayPal Holdings Income Statement

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

Year	2023	2022	2021	2020	2019
Revenue	29,771	27,518	25,371	21,454	17,772
Revenue Growth (YoY)	8.19%	8.46%	18.26%	20.72%	15.02%
Cost of Revenue	17,986	15,865	13,450	11,453	9,785
Gross Profit	11,785	11,653	11,921	10,001	7,987
Selling, General & Admin	3,868	4,356	4,559	3,931	3,112
Research & Development	2,973	3,253	3,038	2,642	2,085
Other Operating Expenses	-84	207	62	139	71
Operating Expenses	6,757	7,816	7,659	6,712	5,268
Operating Income	5,028	3,837	4,262	3,289	2,719
Other Expense / Income	-383	471	163	-1,776	-279
Pretax Income	5,411	3,366	4,099	5,065	2,998
Income Tax	1,165	947	-70	863	539
Net Income	4,246	2,419	4,169	4,202	2,459
Net Income Growth	75.53%	-41.98%	-0.79%	70.88%	19.54%
Shares Outstanding (Basic)	1,103	1,154	1,174	1,173	1,174
Shares Outstanding (Diluted)	1,107	1,158	1,186	1,187	1,188
Shares Change	-4.40%	-2.36%	-0.08%	-0.08%	-1.25%
EPS (Basic)	3.85	2.10	3.55	3.58	2.09
EPS (Diluted)	3.84	2.09	3.52	3.54	2.07
EPS Growth	83.73%	-40.63%	-0.56%	71.01%	21.05%
Free Cash Flow	4,265	5,112	4,894	5,473	3,384
Free Cash Flow Per Share	3.87	4.43	4.17	4.67	2.88
Gross Margin	39.59%	42.35%	46.99%	46.62%	44.94%
Operating Margin	16.89%	13.94%	16.80%	15.33%	15.30%
Profit Margin	14.26%	8.79%	16.43%	19.59%	13.84%
Free Cash Flow Margin	14.33%	18.58%	19.29%	25.51%	19.04%
Effective Tax Rate	21.53%	28.13%	-1.71%	17.04%	17.98%
EBITDA	6,483	4,683	5,364	6,254	3,910
EBITDA Margin	21.78%	17.02%	21.14%	29.15%	22.00%
Depreciation & Amortization	1,072	1,317	1,265	1,189	912
EBIT	5,411	3,366	4,099	5,065	2,998
EBIT Margin	18.18%	12.23%	16.16%	23.61%	16.87%

Source: Financials are provided by Nasdaq Data Link and sourced from the audited annual (10-K) and quarterly (10-Q) reports submitted to the Securities and Exchange Commission (SEC).