PayPal Holdings, Inc. (PYPL)
NASDAQ: PYPL · Real-Time Price · USD
58.32
+2.25 (4.01%)
At close: Jul 28, 2026, 4:00 PM EDT
58.35
+0.03 (0.05%)
After-hours: Jul 28, 2026, 7:59 PM EDT
PayPal Holdings Cash Flow Statement
Financials in millions USD. Fiscal year is January - December.
Millions USD. Fiscal year is Jan - Dec.
Operating Activities
Fiscal Quarter | Q2 2026 | Q1 2026 | Q4 2025 | Q3 2025 | Q2 2025 | Q1 2025 | Q4 2024 | Q3 2024 | Q2 2024 | Q1 2024 | Q4 2023 | Q3 2023 | Q2 2023 | Q1 2023 | Q4 2022 | Q3 2022 | Q2 2022 | Q1 2022 | Q4 2021 | Q3 2021 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
Period Ending | Jun '26 Jun 30, 2026 | Mar '26 Mar 31, 2026 | Dec '25 Dec 31, 2025 | Sep '25 Sep 30, 2025 | Jun '25 Jun 30, 2025 | Mar '25 Mar 31, 2025 | Dec '24 Dec 31, 2024 | Sep '24 Sep 30, 2024 | Jun '24 Jun 30, 2024 | Mar '24 Mar 31, 2024 | Dec '23 Dec 31, 2023 | Sep '23 Sep 30, 2023 | Jun '23 Jun 30, 2023 | Mar '23 Mar 31, 2023 | Dec '22 Dec 31, 2022 | Sep '22 Sep 30, 2022 | Jun '22 Jun 30, 2022 | Mar '22 Mar 31, 2022 | Dec '21 Dec 31, 2021 | Sep '21 Sep 30, 2021 |
Net Income | 1,104 | 1,113 | 1,437 | 1,248 | 1,261 | 1,287 | 1,121 | 1,010 | 1,128 | 888 | 1,402 | 1,020 | 1,029 | 795 | 921 | 1,330 | -341 | 509 | 801 | 1,087 |
Depreciation & Amortization | 246 | 238 | 234 | 245 | 239 | 245 | 249 | 255 | 263 | 265 | 263 | 270 | 269 | 270 | 326 | 330 | 333 | 328 | 326 | 323 |
Stock-Based Compensation | 275 | 259 | 210 | 257 | 286 | 249 | 283 | 284 | 298 | 365 | 388 | 379 | 363 | 345 | 294 | 226 | 312 | 429 | 318 | 300 |
Other Adjustments | 649 | 312 | 444 | 757 | 158 | 239 | 839 | 340 | 168 | 397 | -29 | 153 | 36 | 235 | 17 | 10 | 909 | 404 | 341 | 38 |
Change in Receivables | 80 | -2 | 133 | 126 | -17 | -98 | 54 | -51 | 121 | -39 | -79 | -71 | 39 | -3 | -74 | -22 | -17 | -50 | -67 | -43 |
Changes in Accounts Payable | 54 | -52 | 10 | 44 | 2 | -52 | 59 | 35 | 11 | -22 | 13 | 6 | -15 | 3 | 20 | -28 | 2 | -29 | 19 | -91 |
Changes in Income Taxes Payable | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | 23 | 69 | 17 | - | -2 |
Changes in Other Operating Activities | -425 | -734 | -294.5 | -492.5 | -1,031 | -710 | -132 | -260 | -464 | 63 | 1,354 | -498 | -1,921 | -475 | - | -114 | -17 | -391 | - | -99 |
Operating Cash Flow | 1,983 | 1,134 | 2,384 | 1,974 | 898 | 1,160 | 2,394 | 1,614 | 1,525 | 1,917 | 2,614 | 1,259 | -200 | 1,170 | 1,591 | 1,755 | 1,466 | 1,217 | 1,763 | 1,513 |
Operating Cash Flow Growth (YoY) | 120.82% | -2.24% | -0.42% | 22.30% | -41.12% | -39.49% | -8.42% | 28.20% | - | 63.85% | 64.30% | -28.26% | - | -3.86% | -9.76% | 16.00% | 12.25% | -30.77% | 41.38% | 15.14% |
Investing Activities
Fiscal Quarter | Q2 2026 | Q1 2026 | Q4 2025 | Q3 2025 | Q2 2025 | Q1 2025 | Q4 2024 | Q3 2024 | Q2 2024 | Q1 2024 | Q4 2023 | Q3 2023 | Q2 2023 | Q1 2023 | Q4 2022 | Q3 2022 | Q2 2022 | Q1 2022 | Q4 2021 | Q3 2021 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
Period Ending | Jun '26 Jun 30, 2026 | Mar '26 Mar 31, 2026 | Dec '25 Dec 31, 2025 | Sep '25 Sep 30, 2025 | Jun '25 Jun 30, 2025 | Mar '25 Mar 31, 2025 | Dec '24 Dec 31, 2024 | Sep '24 Sep 30, 2024 | Jun '24 Jun 30, 2024 | Mar '24 Mar 31, 2024 | Dec '23 Dec 31, 2023 | Sep '23 Sep 30, 2023 | Jun '23 Jun 30, 2023 | Mar '23 Mar 31, 2023 | Dec '22 Dec 31, 2022 | Sep '22 Sep 30, 2022 | Jun '22 Jun 30, 2022 | Mar '22 Mar 31, 2022 | Dec '21 Dec 31, 2021 | Sep '21 Sep 30, 2021 |
Capital Expenditures | -208 | -231 | -194 | -256 | -206 | -196 | -203 | -169 | -157 | -154 | -145 | -158 | -150 | -170 | -158 | -182 | -175 | -191 | -213 | -227 |
Sale of Property, Plant & Equipment | 11 | 8 | 0 | 0 | 1 | 2 | 1 | 0 | - | - | 1 | 4 | 39 | 1 | 0 | 0 | 2 | 3 | 2 | 2 |
Purchases of Investments | -7,060 | -5,923 | -4,448 | -4,387 | -5,594 | -5,970 | -5,390 | -4,815 | -8,923 | -7,081 | -7,005 | -4,452 | -4,423 | -6,100 | -3,764 | -3,304 | -4,547 | -8,604 | -9,211 | -10,665 |
Proceeds from Sale of Investments | 5,138 | 4,521 | 3,906 | 7,432 | 6,130 | 5,465 | 5,783 | 6,938 | 4,999 | 9,242 | 8,185 | 5,368 | 5,297 | 5,445 | 6,641 | 5,683 | 2,336 | 8,751 | 9,308 | 11,707 |
Cash Acquisitions | 0 | -122 | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | -2,294 | 0 |
Other Investing Activities | -766 | -353 | 438 | 1,983 | -371 | -2,938 | 2,266 | 845 | -466 | -1,027 | -2,036 | -1,069 | 677 | 977 | -2,851 | -824 | -1,526 | -711 | -721 | -491 |
Investing Cash Flow | -2,885 | -2,100 | -298 | 4,772 | -40 | -3,637 | 2,457 | 2,799 | -4,547 | 980 | -534 | -307 | 1,440 | 153 | -39 | 1,373 | -3,910 | -752 | -3,129 | 326 |
Financing Activities
Fiscal Quarter | Q2 2026 | Q1 2026 | Q4 2025 | Q3 2025 | Q2 2025 | Q1 2025 | Q4 2024 | Q3 2024 | Q2 2024 | Q1 2024 | Q4 2023 | Q3 2023 | Q2 2023 | Q1 2023 | Q4 2022 | Q3 2022 | Q2 2022 | Q1 2022 | Q4 2021 | Q3 2021 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
Period Ending | Jun '26 Jun 30, 2026 | Mar '26 Mar 31, 2026 | Dec '25 Dec 31, 2025 | Sep '25 Sep 30, 2025 | Jun '25 Jun 30, 2025 | Mar '25 Mar 31, 2025 | Dec '24 Dec 31, 2024 | Sep '24 Sep 30, 2024 | Jun '24 Jun 30, 2024 | Mar '24 Mar 31, 2024 | Dec '23 Dec 31, 2023 | Sep '23 Sep 30, 2023 | Jun '23 Jun 30, 2023 | Mar '23 Mar 31, 2023 | Dec '22 Dec 31, 2022 | Sep '22 Sep 30, 2022 | Jun '22 Jun 30, 2022 | Mar '22 Mar 31, 2022 | Dec '21 Dec 31, 2021 | Sep '21 Sep 30, 2021 |
Short-Term Debt Issued | - | - | 0 | 2,544 | 405 | - | 0 | 466 | 0 | 190 | - | - | - | - | - | - | - | - | - | - |
Short-Term Debt Repaid | - | - | 0 | -2,544 | -405 | - | 0 | -466 | 0 | -190 | - | - | - | - | - | - | - | - | - | - |
Long-Term Debt Issued | 2,584 | 930 | 400 | 746 | 0 | 1,491 | 0 | 132 | 1,299 | 115 | 699 | 109 | 648 | 72 | 129 | 58 | 3,002 | 286 | 272 | 0 |
Long-Term Debt Repaid | -744 | -932 | -201 | -747 | -1,207 | - | -1,250 | 0 | -52 | -359 | -111 | 0 | -937 | -5 | 0 | 0 | -1,582 | -104 | -361 | 0 |
Net Long-Term Debt Issued (Repaid) | 1,840 | -2 | 199 | -1 | -1,207 | 1,491 | -1,250 | 132 | 1,247 | -244 | 588 | 109 | -289 | 67 | 129 | 58 | 1,420 | 182 | -89 | 0 |
Issuance of Common Stock | 60 | - | 43 | 0 | 74 | - | 40 | 0 | 55 | - | 45 | 0 | 81 | 1 | 57 | 0 | 83 | 3 | 72 | 1 |
Repurchase of Common Stock | -1,552 | -1,500 | -1,501 | -1,500 | -1,551 | -1,500 | -1,269 | -1,776 | -1,501 | -1,501 | -607 | -1,434 | -1,529 | -1,432 | -1,010 | -939 | -750 | -1,500 | -1,500 | -350 |
Net Common Stock Issued (Repurchased) | -1,492 | -1,500 | -1,458 | -1,500 | -1,477 | -1,500 | -1,229 | -1,776 | -1,446 | -1,501 | -562 | -1,434 | -1,448 | -1,431 | -953 | -939 | -667 | -1,497 | -1,428 | -349 |
Common Dividends Paid | -122 | -130 | -65 | -65 | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - |
Other Financing Activities | 177 | 1,073 | -560 | -328 | -490 | 1,003 | -1,106 | -885 | 399 | -617 | 2,974 | 1,386 | -1,536 | -1,417 | 1,699 | -2,090 | 902 | 646 | 939 | -467 |
Financing Cash Flow | 403 | -559 | -1,949 | -1,829 | -3,174 | 994 | -3,585 | -2,529 | 200 | -2,362 | 3,000 | 61 | -3,273 | -2,781 | 782 | -2,971 | 1,655 | -669 | -578 | -816 |
Net Cash Flow
Fiscal Quarter | Q2 2026 | Q1 2026 | Q4 2025 | Q3 2025 | Q2 2025 | Q1 2025 | Q4 2024 | Q3 2024 | Q2 2024 | Q1 2024 | Q4 2023 | Q3 2023 | Q2 2023 | Q1 2023 | Q4 2022 | Q3 2022 | Q2 2022 | Q1 2022 | Q4 2021 | Q3 2021 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
Period Ending | Jun '26 Jun 30, 2026 | Mar '26 Mar 31, 2026 | Dec '25 Dec 31, 2025 | Sep '25 Sep 30, 2025 | Jun '25 Jun 30, 2025 | Mar '25 Mar 31, 2025 | Dec '24 Dec 31, 2024 | Sep '24 Sep 30, 2024 | Jun '24 Jun 30, 2024 | Mar '24 Mar 31, 2024 | Dec '23 Dec 31, 2023 | Sep '23 Sep 30, 2023 | Jun '23 Jun 30, 2023 | Mar '23 Mar 31, 2023 | Dec '22 Dec 31, 2022 | Sep '22 Sep 30, 2022 | Jun '22 Jun 30, 2022 | Mar '22 Mar 31, 2022 | Dec '21 Dec 31, 2021 | Sep '21 Sep 30, 2021 |
Foreign Exchange Rate Adjustments | 29 | -50 | 28 | -44 | 195 | 94 | -310 | 192 | 5 | -94 | 171 | -45 | -46 | -4 | 98 | -117 | -154 | 18 | 4 | -72 |
Net Cash Flow | -470 | -1,575 | 165 | 4,873 | -2,121 | -1,389 | 956 | 2,076 | -2,817 | 441 | 5,251 | 968 | -2,079 | -1,462 | 2,432 | 40 | -943 | -186 | -1,940 | 951 |
Free Cash Flow
Fiscal Quarter | Q2 2026 | Q1 2026 | Q4 2025 | Q3 2025 | Q2 2025 | Q1 2025 | Q4 2024 | Q3 2024 | Q2 2024 | Q1 2024 | Q4 2023 | Q3 2023 | Q2 2023 | Q1 2023 | Q4 2022 | Q3 2022 | Q2 2022 | Q1 2022 | Q4 2021 | Q3 2021 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
Period Ending | Jun '26 Jun 30, 2026 | Mar '26 Mar 31, 2026 | Dec '25 Dec 31, 2025 | Sep '25 Sep 30, 2025 | Jun '25 Jun 30, 2025 | Mar '25 Mar 31, 2025 | Dec '24 Dec 31, 2024 | Sep '24 Sep 30, 2024 | Jun '24 Jun 30, 2024 | Mar '24 Mar 31, 2024 | Dec '23 Dec 31, 2023 | Sep '23 Sep 30, 2023 | Jun '23 Jun 30, 2023 | Mar '23 Mar 31, 2023 | Dec '22 Dec 31, 2022 | Sep '22 Sep 30, 2022 | Jun '22 Jun 30, 2022 | Mar '22 Mar 31, 2022 | Dec '21 Dec 31, 2021 | Sep '21 Sep 30, 2021 |
Free Cash Flow | 1,775 | 903 | 2,190 | 1,718 | 692 | 964 | 2,191 | 1,445 | 1,368 | 1,763 | 2,469 | 1,101 | -350 | 1,000 | 1,433 | 1,573 | 1,291 | 1,026 | 1,550 | 1,286 |
Free Cash Flow Growth (YoY) | 156.50% | -6.33% | -0.05% | 18.89% | -49.41% | -45.32% | -11.26% | 31.24% | - | 76.30% | 72.30% | -30.01% | - | -2.53% | -7.55% | 22.32% | 21.91% | -33.25% | 51.81% | 19.85% |
FCF Margin | 20.44% | 10.81% | 25.24% | 20.41% | 8.35% | 12.37% | 26.19% | 18.41% | 17.35% | 22.90% | 30.76% | 14.84% | -4.80% | 14.20% | 19.41% | 22.98% | 18.97% | 15.83% | 22.41% | 20.80% |
Free Cash Flow Per Share | 2.01 | 0.98 | 2.33 | 1.79 | 0.71 | 0.96 | 2.16 | 1.41 | 1.31 | 1.64 | 2.28 | 1.00 | -0.31 | 0.88 | 1.25 | 1.36 | 1.11 | 0.88 | 1.31 | 1.08 |
Levered Free Cash Flow | 2,611 | 332 | 1,392 | 787.5 | -942 | 2,065 | -156 | 1,003 | 2,028 | 796 | 3,475 | 749 | -1,077 | 490 | 1,238 | 1,417 | 1,291 | 425 | 844 | 991 |
Unlevered Free Cash Flow | 869.6 | 409.9 | 1,090 | 777.92 | 244.38 | 515.39 | 1,119 | 932.63 | 721.33 | 1,010 | 2,836 | 580 | -922.25 | 367.48 | 1,220 | 971.29 | -5,105 | 309.36 | 1,323 | 877.17 |