PayPal Holdings, Inc. (PYPL)
NASDAQ: PYPL · Real-Time Price · USD
41.45
+0.64 (1.57%)
At close: Feb 18, 2026, 4:00 PM EST
41.34
-0.11 (-0.27%)
Pre-market: Feb 19, 2026, 5:33 AM EST
PayPal Holdings Cash Flow Statement
Financials in millions USD. Fiscal year is January - December.
Millions USD. Fiscal year is Jan - Dec.
Fiscal Quarter | 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 | Q2 2021 | Q1 2021 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
Period Ending | 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 | Jun '21 Jun 30, 2021 | Mar '21 Mar 31, 2021 |
Net Income | 5,233 | 4,917 | 4,679 | 4,546 | 4,147 | 4,428 | 4,438 | 4,339 | 4,246 | 3,765 | 4,075 | 2,705 | 2,419 | 2,299 | 2,056 | 3,581 | 4,169 | 4,935 | 4,869 | 5,215 |
Depreciation & Amortization | 446 | 479 | 490 | 514 | 534 | 564 | 579 | 585 | 590 | 709 | 769 | 833 | 891 | 951 | 944 | 927 | 899 | 918 | 893 | 874 |
Other Amortization | 517 | 499 | 498 | 498 | 498 | 482 | 482 | 482 | 482 | 426 | 426 | 426 | 426 | 366 | 366 | 366 | 366 | 322 | 322 | 322 |
Loss (Gain) From Sale of Assets | 193 | 155 | 113 | 113 | 125 | -260 | -273 | -266 | -303 | 49 | 34 | - | - | - | - | - | - | - | - | - |
Loss (Gain) From Sale of Investments | -245 | -132 | -24 | -102 | -50 | -162 | -367 | -477 | -568 | -399 | -767 | 131 | 234 | 453 | 775 | -180 | 27 | -1,277 | -1,313 | -1,918 |
Stock-Based Compensation | 1,002 | 1,075 | 1,102 | 1,114 | 1,230 | 1,335 | 1,430 | 1,495 | 1,475 | 1,381 | 1,228 | 1,177 | 1,261 | 1,285 | 1,359 | 1,437 | 1,376 | 1,435 | 1,499 | 1,461 |
Other Operating Activities | 1,650 | 1,970 | 1,488 | 1,576 | 1,670 | 943 | 973 | 944 | 910 | 721 | 961 | 970 | 1,036 | 1,211 | 917 | 772 | 605 | 1,201 | 1,309 | 1,770 |
Change in Accounts Receivable | 144 | 65 | -112 | 26 | 85 | -48 | -68 | -150 | -114 | -109 | -60 | -116 | -163 | -156 | -177 | -175 | -222 | -262 | -259 | -274 |
Change in Accounts Payable | 4 | 53 | 44 | 53 | 83 | 37 | 8 | -18 | 7 | 14 | -20 | -3 | -35 | -36 | -99 | -26 | -31 | 39 | 85 | -17 |
Change in Income Taxes | - | - | - | - | - | - | - | - | - | -109 | -86 | -17 | - | 164 | 139 | 123 | - | -97 | -324 | -314 |
Change in Other Net Operating Assets | -1,212 | -1,643 | -1,710 | -1,428 | -726 | -989 | -541 | -556 | -1,207 | -599 | -1,025 | -340 | -256 | -1,095 | -1,080 | -1,569 | -1,392 | -1,290 | -1,356 | -928 |
Operating Cash Flow | 6,416 | 6,426 | 6,066 | 6,693 | 7,450 | 7,670 | 7,315 | 5,590 | 4,843 | 3,820 | 4,316 | 5,766 | 5,813 | 5,442 | 5,200 | 5,256 | 5,797 | 5,924 | 5,725 | 6,191 |
Operating Cash Flow Growth | -13.88% | -16.22% | -17.08% | 19.73% | 53.83% | 100.78% | 69.49% | -3.05% | -16.69% | -29.80% | -17.00% | 9.70% | 0.28% | -8.14% | -9.17% | -15.10% | -6.79% | 12.18% | 13.08% | 38.66% |
Capital Expenditures | -852 | -861 | -774 | -725 | -683 | -625 | -614 | -607 | -623 | -636 | -660 | -685 | -706 | -761 | -806 | -878 | -908 | -921 | -935 | -881 |
Sale of Property, Plant & Equipment | 3 | 4 | 4 | 3 | 1 | 1 | 5 | 44 | 45 | 44 | 40 | 3 | 5 | 7 | 9 | 8 | 5 | 3 | 1 | 1 |
Cash Acquisitions | - | - | - | - | - | - | - | - | - | - | - | - | - | -2,294 | -2,294 | -2,763 | -2,763 | -469 | -466 | 3 |
Divestitures | - | - | - | - | - | 466 | 466 | 466 | 466 | - | - | - | - | - | - | - | - | - | - | - |
Investment in Securities | 2,534 | 3,469 | 2,547 | -1,913 | 753 | 1,540 | 333 | 5,131 | 2,315 | 4,012 | 5,475 | 2,390 | 3,192 | 412 | -925 | 986 | -418 | -2,520 | -7,111 | -13,780 |
Other Investing Activities | -386 | 1,665 | 1,316 | 1,201 | 3,153 | -1,960 | -5,036 | -5,169 | -2,913 | -2,426 | -874 | -1,131 | -2,552 | -492 | -445 | 469 | 529 | -511 | -280 | -1,345 |
Investing Cash Flow | 797 | 3,452 | 1,479 | -3,048 | 1,689 | -1,302 | -4,408 | 1,579 | 752 | 1,247 | 2,927 | -2,423 | -3,328 | -6,082 | -7,129 | -4,318 | -5,149 | -5,290 | -8,816 | -15,247 |
Short-Term Debt Issued | 2,949 | - | - | - | 656 | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - |
Long-Term Debt Issued | 2,637 | - | - | - | 1,546 | - | - | - | 1,528 | - | - | - | 3,475 | - | - | - | 272 | - | - | - |
Total Debt Issued | 5,586 | 5,186 | 2,494 | 3,388 | 2,202 | 2,901 | 2,412 | 1,761 | 1,528 | 958 | 907 | 3,261 | 3,475 | 3,618 | 3,560 | 558 | 272 | - | - | 3,966 |
Short-Term Debt Repaid | -2,949 | - | - | - | -656 | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - |
Long-Term Debt Repaid | -2,155 | - | - | - | -1,661 | - | - | - | -1,053 | - | - | - | -1,686 | - | - | - | -361 | - | - | - |
Total Debt Repaid | -5,104 | -6,153 | -3,328 | -1,768 | -2,317 | -1,178 | -712 | -1,597 | -1,053 | -942 | -942 | -1,587 | -1,686 | -2,047 | -2,047 | -465 | -361 | - | - | -3,000 |
Net Debt Issued (Repaid) | 482 | -967 | -834 | 1,620 | -115 | 1,723 | 1,700 | 164 | 475 | 16 | -35 | 1,674 | 1,789 | 1,571 | 1,513 | 93 | -89 | - | - | 966 |
Issuance of Common Stock | 117 | 114 | 114 | 95 | 95 | 100 | 100 | 126 | 127 | 139 | 139 | 141 | 143 | 158 | 159 | 163 | 162 | 155 | 155 | 138 |
Repurchase of Common Stock | -6,435 | -6,217 | -6,466 | -6,507 | -6,398 | -5,688 | -5,330 | -5,346 | -5,259 | -5,645 | -5,171 | -4,372 | -4,535 | -5,068 | -4,471 | -3,967 | -4,409 | -3,174 | -3,198 | -3,140 |
Common Dividends Paid | -130 | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - |
Other Financing Activities | 8 | -524 | -1,108 | -128 | -1,858 | 2,174 | 4,429 | 2,482 | 1,664 | 279 | -3,176 | -758 | 1,400 | 983 | 2,598 | 1,658 | 3,779 | 5,195 | 6,941 | 13,045 |
Financing Cash Flow | -5,958 | -7,594 | -8,294 | -4,920 | -8,276 | -1,691 | 899 | -2,574 | -2,993 | -5,211 | -8,243 | -3,315 | -1,203 | -2,356 | -201 | -2,053 | -557 | 2,176 | 3,898 | 11,009 |
Foreign Exchange Rate Adjustments | 273 | -65 | 171 | -19 | -207 | 274 | 37 | -14 | 76 | 3 | -69 | -177 | -155 | -249 | -204 | -42 | -102 | 37 | 207 | 305 |
Net Cash Flow | 1,528 | 2,219 | -578 | -1,294 | 656 | 4,951 | 3,843 | 4,581 | 2,678 | -141 | -1,069 | -149 | 1,127 | -3,245 | -2,334 | -1,157 | -11 | 2,847 | 1,014 | 2,258 |
Free Cash Flow | 5,564 | 5,565 | 5,292 | 5,968 | 6,767 | 7,045 | 6,701 | 4,983 | 4,220 | 3,184 | 3,656 | 5,081 | 5,107 | 4,681 | 4,394 | 4,378 | 4,889 | 5,003 | 4,790 | 5,310 |
Free Cash Flow Growth | -17.78% | -21.01% | -21.03% | 19.77% | 60.36% | 121.26% | 83.29% | -1.93% | -17.37% | -31.98% | -16.80% | 16.06% | 4.46% | -6.44% | -8.27% | -17.55% | -8.67% | 12.00% | 10.96% | 40.74% |
Free Cash Flow Margin | 16.77% | 16.93% | 16.39% | 18.71% | 21.28% | 22.40% | 21.60% | 16.38% | 14.17% | 10.93% | 12.80% | 18.10% | 18.56% | 17.30% | 16.65% | 16.96% | 19.27% | 20.36% | 20.09% | 23.22% |
Free Cash Flow Per Share | 5.75 | 5.64 | 5.28 | 5.85 | 6.51 | 6.67 | 6.23 | 4.57 | 3.81 | 2.84 | 3.21 | 4.42 | 4.41 | 4.01 | 3.74 | 3.71 | 4.12 | 4.21 | 4.03 | 4.47 |
Cash Interest Paid | 406 | 408 | 391 | 366 | 366 | 332 | 330 | 331 | 331 | 333 | 335 | 270 | 280 | 224 | 234 | 231 | 231 | 220 | 221 | 191 |
Cash Income Tax Paid | 1,099 | 1,085 | 1,042 | 1,039 | 1,027 | 2,035 | 2,034 | 1,706 | 2,118 | 1,270 | 1,340 | 1,326 | 878 | 704 | 538 | 434 | 474 | 557 | 875 | 622 |
Levered Free Cash Flow | 3,274 | 3,126 | 1,010 | 1,742 | 3,595 | 3,761 | 6,433 | 6,516 | 5,117 | 4,486 | 3,355 | 3,425 | 3,329 | 2,789 | 2,348 | 1,774 | 2,753 | 3,478 | 4,462 | 5,756 |
Unlevered Free Cash Flow | 3,550 | 3,393 | 1,273 | 1,991 | 3,834 | 3,993 | 6,653 | 6,732 | 5,334 | 4,704 | 3,574 | 3,632 | 3,519 | 2,960 | 2,501 | 1,919 | 2,898 | 3,623 | 4,607 | 5,900 |
Change in Working Capital | -1,064 | -1,525 | -1,778 | -1,349 | -558 | -1,000 | -601 | -724 | -1,314 | -803 | -1,191 | -476 | -454 | -1,123 | -1,217 | -1,647 | -1,645 | -1,610 | -1,854 | -1,533 |
Updated Feb 3, 2026. Source: S&P Global Market Intelligence. Standard template. Financial Sources.