PayPal Holdings, Inc. financials

Key figures from PayPal Holdings, Inc.'s filings with the U.S. Securities and Exchange Commission: the latest quarter against a year earlier, and the trend across recent quarters and fiscal years.

Latest quarter vs a year earlier

MetricMar 2026Mar 2025Change
Revenue$8.4B$7.8B+7.2%
Net income$1.1B$1.3B-13.5%
Free cash flow$903M$964M-6.3%
Gross margin
Operating margin17.8%19.6%-1.8 pts
Net margin13.3%16.5%-3.2 pts

Quarterly trend

Revenue by quarter
$7.3BJun 2023$7.4BSep 2023$8.0BDec 2023*$7.7BMar 2024$7.9BJun 2024$7.8BSep 2024$8.4BDec 2024*$7.8BMar 2025$8.3BJun 2025$8.4BSep 2025$8.7BDec 2025*$8.4BMar 2026
Net income by quarter
$1.0BJun 2023$1.0BSep 2023$1.4BDec 2023*$888MMar 2024$1.1BJun 2024$1.0BSep 2024$1.1BDec 2024*$1.3BMar 2025$1.3BJun 2025$1.2BSep 2025$1.4BDec 2025*$1.1BMar 2026
Free cash flow by quarter
-$350MJun 2023$1.1BSep 2023$2.5BDec 2023*$1.8BMar 2024$1.4BJun 2024$1.4BSep 2024$2.2BDec 2024*$964MMar 2025$692MJun 2025$1.7BSep 2025$2.2BDec 2025*$903MMar 2026
Margins by quarter
10%17%23%Jun 2023Sep 2023Dec 2023*Mar 2024Jun 2024Sep 2024Dec 2024*Mar 2025Jun 2025Sep 2025Dec 2025*Mar 202615.5%15.7%21.5%15.2%16.8%17.7%17.2%19.6%18.1%18.1%17.4%17.8%14.1%13.8%17.5%11.5%14.3%12.9%13.4%16.5%15.2%14.8%16.6%13.3%

Fiscal years

Fiscal yearRevenueNet incomeNet marginFree cash flowEPS (diluted)
FY Dec 2025$33.2B$5.2B15.8%$5.6B$5.41
FY Dec 2024$31.8B$4.1B13.0%$6.8B$3.99
FY Dec 2023$29.8B$4.2B14.3%$4.2B$3.84
FY Dec 2022$27.5B$2.4B8.8%$5.1B$2.09
FY Dec 2021$25.4B$4.2B16.4%$4.9B$3.52

* Fiscal fourth quarter computed from the annual filing minus the three reported quarters. All figures from company filings with the SEC.

This content is for informational purposes only and is not investment advice. Always do your own research before making financial decisions.