PayPal Holdings, Inc. (PYPL)
NASDAQ: PYPL · Real-Time Price · USD
60.21
+0.97 (1.64%)
Nov 9, 2026, 12:18 PM EST - Market open
PayPal Holdings Cash Flow Statement
Financials in millions USD. Fiscal year is January - December.
Millions USD. Fiscal year is Jan - Dec.
Operating Activities
Fiscal Year | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 |
|---|---|---|---|---|---|---|
Period Ending | Sep '26 Sep 30, 2026 | 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 | 4,727 | 5,233 | 4,147 | 4,246 | 2,419 | 4,169 |
Depreciation & Amortization | 452 | 446 | 534 | 590 | 891 | 899 |
Other Amortization | 517 | 517 | 498 | 482 | 426 | 366 |
Loss (Gain) From Sale of Assets | 277 | 193 | 125 | -303 | - | - |
Loss (Gain) From Sale of Investments | 61 | -245 | -50 | -568 | 234 | 27 |
Stock-Based Compensation | 977 | 1,002 | 1,230 | 1,475 | 1,261 | 1,376 |
Other Operating Activities | 1,659 | 1,650 | 1,670 | 910 | 1,036 | 605 |
Change in Accounts Receivable | 257 | 144 | 85 | -114 | -163 | -222 |
Change in Accounts Payable | -43 | 4 | 83 | 7 | -35 | -31 |
Change in Other Net Operating Assets | -487 | -1,212 | -726 | -1,207 | -256 | -1,392 |
Operating Cash Flow | 7,093 | 6,416 | 7,450 | 4,843 | 5,813 | 5,797 |
Operating Cash Flow Growth | 10.38% | -13.88% | 53.83% | -16.69% | 0.28% | -6.79% |
Investing Activities
Fiscal Year | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 |
|---|---|---|---|---|---|---|
Period Ending | Sep '26 Sep 30, 2026 | 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 |
Capital Expenditures | -794 | -852 | -683 | -623 | -706 | -908 |
Sale of Property, Plant & Equipment | 21 | 3 | 1 | 45 | 5 | 5 |
Cash Acquisitions | -122 | - | - | - | - | -2,763 |
Divestitures | - | - | - | 466 | - | - |
Investment in Securities | -4,879 | 2,534 | 753 | 2,315 | 3,192 | -418 |
Other Investing Activities | 699 | -386 | 3,153 | -2,913 | -2,552 | 529 |
Investing Cash Flow | -6,278 | 797 | 1,689 | 752 | -3,328 | -5,149 |
Financing Activities
Fiscal Year | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 |
|---|---|---|---|---|---|---|
Period Ending | Sep '26 Sep 30, 2026 | 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 |
Short-Term Debt Issued | - | 2,949 | 656 | - | - | - |
Long-Term Debt Issued | - | 2,637 | 1,546 | 1,528 | 3,475 | 272 |
Total Debt Issued | 4,351 | 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 | -2,328 | -5,104 | -2,317 | -1,053 | -1,686 | -361 |
Net Debt Issued (Repaid) | 2,023 | 482 | -115 | 475 | 1,789 | -89 |
Issuance of Common Stock | 103 | 117 | 95 | 127 | 143 | 162 |
Repurchase of Common Stock | -6,358 | -6,435 | -6,398 | -5,259 | -4,535 | -4,409 |
Common Dividends Paid | -500 | -130 | - | - | - | - |
Other Financing Activities | 137 | 8 | -1,858 | 1,664 | 1,400 | 3,779 |
Financing Cash Flow | -4,595 | -5,958 | -8,276 | -2,993 | -1,203 | -557 |
Net Cash Flow
Fiscal Year | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 |
|---|---|---|---|---|---|---|
Period Ending | Sep '26 Sep 30, 2026 | 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 |
Foreign Exchange Rate Adjustments | 16 | 273 | -207 | 76 | -155 | -102 |
Net Cash Flow | -3,764 | 1,528 | 656 | 2,678 | 1,127 | -11 |
Free Cash Flow
Fiscal Year | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 |
|---|---|---|---|---|---|---|
Period Ending | Sep '26 Sep 30, 2026 | 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 |
Free Cash Flow | 6,299 | 5,564 | 6,767 | 4,220 | 5,107 | 4,889 |
Free Cash Flow Growth | 13.19% | -17.78% | 60.36% | -17.37% | 4.46% | -8.67% |
Free Cash Flow Margin | 18.37% | 16.77% | 21.28% | 14.17% | 18.56% | 19.27% |
Free Cash Flow Per Share | 7.00 | 5.75 | 6.51 | 3.81 | 4.41 | 4.12 |
Levered Free Cash Flow | 4,487 | 3,274 | 3,595 | 5,117 | 3,329 | 2,753 |
Unlevered Free Cash Flow | 4,791 | 3,550 | 3,834 | 5,334 | 3,519 | 2,898 |
Additional Metrics
Fiscal Year | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 |
|---|---|---|---|---|---|---|
Period Ending | Sep '26 Sep 30, 2026 | 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 |
Cash Interest Paid | 426 | 406 | 366 | 331 | 280 | 231 |
Cash Income Tax Paid | 486 | 1,099 | 1,027 | 2,118 | 878 | 474 |
Change in Working Capital | -273 | -1,064 | -558 | -1,314 | -454 | -1,645 |