PayPal Holdings, Inc. (PYPL)
NASDAQ: PYPL · Real-Time Price · USD
56.09
+1.10 (2.00%)
At close: Oct 27, 2026, 4:00 PM EDT
55.44
-0.65 (-1.16%)
Pre-market: Oct 28, 2026, 5:34 AM 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 | Q3 2026 | 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 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
Period Ending | Sep '26 Sep 30, 2026 | 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 |
Net Income | 1,073 | 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 |
Depreciation & Amortization | 251 | 246 | 238 | -282 | 244 | 239 | 245 | -249 | 255 | 263 | 265 | -219 | 270 | 269 | 270 | -100 | 330 | 333 | 328 | -40 |
Other Amortization | - | - | - | 516 | 1 | - | - | 498 | - | - | - | 482 | - | - | - | 426 | - | - | - | 366 |
Loss (Gain) From Sale of Assets | 80 | 65 | 61 | 71 | 70 | 27 | 25 | 33 | 28 | 27 | 37 | -352 | 15 | 34 | - | - | - | - | - | - |
Loss (Gain) From Sale of Investments | 4 | 63 | 93 | -99 | -30 | -38 | -78 | 14 | 78 | -116 | -26 | -98 | -127 | -226 | -117 | 71 | -495 | 672 | -14 | 290 |
Stock-Based Compensation | 233 | 275 | 259 | 210 | 257 | 286 | 249 | 283 | 284 | 298 | 365 | 388 | 379 | 363 | 345 | 294 | 226 | 312 | 429 | 318 |
Other Operating Activities | 508 | 521 | 158 | 472 | 717 | 169 | 292 | 792 | 235 | 257 | 386 | 65 | 265 | 228 | 352 | -124 | 505 | 237 | 418 | 51 |
Change in Accounts Receivable | 46 | 80 | -2 | 133 | 126 | -17 | -98 | 54 | -51 | 121 | -39 | -79 | -71 | 39 | -3 | -74 | -22 | -17 | -50 | -67 |
Change in Accounts Payable | -55 | 54 | -52 | 10 | 44 | 2 | -52 | 59 | 35 | 11 | -22 | 13 | 6 | -15 | 3 | 20 | -28 | 2 | -29 | 19 |
Change in Income Taxes | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | -109 | 23 | 69 | 17 | 55 |
Change in Other Net Operating Assets | -86 | -252 | -501 | 352 | -69 | -969 | -526 | -79 | -136 | -687 | 176 | -342 | 312 | -702 | -475 | 266 | -114 | -17 | -391 | -573 |
Operating Cash Flow | 1,592 | 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 | 1,250 | 1,217 | 1,220 |
Operating Cash Flow Growth (YoY) | -19.35% | 120.82% | -2.24% | -0.42% | 22.30% | -41.12% | -39.49% | -8.42% | 28.20% | - | 63.85% | 64.30% | -28.26% | - | -3.86% | 30.41% | 16.00% | -4.29% | -30.77% | -9.43% |
Investing Activities
Fiscal Quarter | Q3 2026 | 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 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
Period Ending | Sep '26 Sep 30, 2026 | 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 |
Capital Expenditures | -161 | -208 | -231 | -194 | -256 | -206 | -196 | -203 | -169 | -157 | -154 | -145 | -158 | -150 | -170 | -158 | -182 | -175 | -191 | -213 |
Sale of Property, Plant & Equipment | 2 | 11 | 8 | - | - | 1 | 2 | 1 | - | - | - | 1 | 4 | 39 | 1 | - | - | 2 | 3 | 2 |
Cash Acquisitions | - | - | -122 | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | -2,294 |
Divestitures | - | - | - | - | - | - | - | - | - | - | - | 466 | - | - | - | - | - | - | - | - |
Investment in Securities | -1,013 | -1,922 | -1,402 | -542 | 3,045 | 536 | -505 | 393 | 2,123 | -3,924 | 2,161 | 1,180 | 916 | 874 | -655 | 2,877 | 2,379 | -2,211 | 147 | 97 |
Other Investing Activities | 406 | -446 | -242 | 981 | 1,662 | -122 | -2,907 | 3,132 | 1,313 | -217 | -1,075 | -1,981 | -1,763 | -350 | 1,181 | -1,494 | -211 | -607 | -240 | 566 |
Investing Cash Flow | -995 | -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 | -2,793 |
Financing Activities
Fiscal Quarter | Q3 2026 | 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 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
Period Ending | Sep '26 Sep 30, 2026 | 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 |
Short-Term Debt Issued | 27 | - | - | - | - | - | - | - | - | - | 190 | - | - | - | - | - | - | - | - | - |
Long-Term Debt Issued | 410 | - | 930 | - | - | - | 1,491 | - | - | - | 115 | - | - | - | 72 | - | - | - | 286 | - |
Total Debt Issued | 437 | 2,584 | 930 | 400 | 3,290 | 405 | 1,491 | - | 598 | 1,299 | 305 | 699 | 109 | 648 | 72 | 129 | 58 | 3,002 | 286 | 272 |
Short-Term Debt Repaid | -27 | - | - | - | - | - | - | - | - | - | -190 | - | - | - | - | - | - | - | - | - |
Long-Term Debt Repaid | -424 | - | -932 | - | - | - | - | - | - | - | -359 | - | - | - | -5 | - | - | - | -104 | - |
Total Debt Repaid | -451 | -744 | -932 | -201 | -3,291 | -1,612 | - | -1,250 | -466 | -52 | -549 | -111 | - | -937 | -5 | - | - | -1,582 | -104 | -361 |
Net Debt Issued (Repaid) | -14 | 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 |
Issuance of Common Stock | - | 60 | - | 43 | - | 74 | - | 40 | - | 55 | - | 45 | - | 81 | 1 | 57 | - | 83 | 3 | 72 |
Repurchase of Common Stock | -1,554 | -1,610 | -1,627 | -1,567 | -1,568 | -1,523 | -1,777 | -1,349 | -1,817 | -1,564 | -1,668 | -639 | -1,459 | -1,580 | -1,581 | -1,025 | -985 | -781 | -1,744 | -1,558 |
Common Dividends Paid | -118 | -122 | -130 | -130 | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - |
Other Financing Activities | -804 | 235 | 1,200 | -494 | -260 | -518 | 1,280 | -1,026 | -844 | 462 | -450 | 3,006 | 1,411 | -1,485 | -1,268 | 1,621 | -2,044 | 933 | 890 | 1,204 |
Financing Cash Flow | -2,490 | 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 | -371 |
Net Cash Flow
Fiscal Quarter | Q3 2026 | 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 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
Period Ending | Sep '26 Sep 30, 2026 | 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 |
Foreign Exchange Rate Adjustments | 9 | 29 | -50 | 28 | -44 | 195 | 94 | -310 | 192 | 5 | -94 | 171 | -45 | -46 | -4 | 98 | -117 | -154 | 18 | 4 |
Net Cash Flow | -1,884 | -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 | -1,159 | -186 | -1,940 |
Free Cash Flow
Fiscal Quarter | Q3 2026 | 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 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
Period Ending | Sep '26 Sep 30, 2026 | 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 |
Free Cash Flow | 1,431 | 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 | 1,075 | 1,026 | 1,007 |
Free Cash Flow Growth (YoY) | -16.71% | 156.50% | -6.33% | -0.05% | 18.89% | -49.41% | -45.32% | -11.26% | 31.24% | - | 76.30% | 72.30% | -30.01% | - | -2.53% | 42.30% | 22.32% | 1.51% | -33.25% | -10.17% |
Free Cash Flow Margin | 16.67% | 20.45% | 10.81% | 25.24% | 20.41% | 8.35% | 12.37% | 26.19% | 18.41% | 17.35% | 22.90% | 30.76% | 14.84% | -4.80% | 14.21% | 19.41% | 22.98% | 15.79% | 15.83% | 14.56% |
Free Cash Flow Per Share | 1.67 | 2.01 | 0.98 | 2.33 | 1.79 | 0.71 | 0.96 | 2.16 | 1.41 | 1.31 | 1.65 | 2.28 | 1.00 | -0.31 | 0.88 | 1.25 | 1.36 | 0.93 | 0.88 | 0.85 |
Levered Free Cash Flow | 1,735 | 606.88 | 1,043 | 1,308 | 1,526 | 269.13 | 233.5 | 1,159 | -648.38 | 998.88 | 2,086 | 1,325 | 2,023 | 1,082 | 686.5 | 693.88 | 892.88 | 1,152 | 591 | 153.38 |
Unlevered Free Cash Flow | 1,735 | 685.63 | 1,112 | 1,377 | 1,597 | 340.38 | 297.88 | 1,220 | -582.13 | 1,057 | 2,139 | 1,379 | 2,077 | 1,136 | 740.88 | 749.5 | 947.25 | 1,195 | 627.88 | 190.25 |
Additional Metrics
Fiscal Quarter | Q3 2026 | 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 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
Period Ending | Sep '26 Sep 30, 2026 | 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 |
Cash Interest Paid | 18 | 194 | 18 | 196 | 19 | 189 | 2 | 198 | 2 | 164 | 2 | 164 | - | 165 | 2 | 166 | 2 | 100 | 12 | 110 |
Cash Income Tax Paid | 195 | 218 | 7 | 66 | 196 | 742 | 95 | 52 | 153 | 739 | 83 | 1,060 | 152 | 411 | 495 | 212 | 222 | 397 | 47 | 38 |
Change in Working Capital | -95 | -118 | -555 | 495 | 101 | -984 | -676 | 34 | -152 | -555 | 115 | -408 | 247 | -678 | -475 | 103 | -141 | 37 | -453 | -566 |