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

MetricSep 2026Sep 2025Change
Revenue$8.6B$8.4B+2.0%
Net income$1.1B$1.2B-14.0%
Free cash flow$1.4B$1.7B-16.7%
Gross margin———
Operating margin16.3%18.1%-1.7 pts
Net margin12.5%14.8%-2.3 pts

Quarterly trend

Revenue by quarter
$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$8.7BJun 2026$8.6BSep 2026
Net income by quarter
$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$1.1BJun 2026$1.1BSep 2026
Free cash flow by quarter
$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$1.8BJun 2026$1.4BSep 2026
Margins by quarter
10%17%23%Dec 2023*Mar 2024Jun 2024Sep 2024Dec 2024*Mar 2025Jun 2025Sep 2025Dec 2025*Mar 2026Jun 2026Sep 202621.5%15.2%16.8%17.7%17.2%19.6%18.1%18.1%17.4%17.8%16.4%16.3%17.5%11.5%14.3%12.9%13.4%16.5%15.2%14.8%16.6%13.3%12.7%12.5%

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.