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PayPal financials
PYPLTen years from PayPal’s own SEC filings. Fiscal years end in December.
Income statement
| Dec 2016fiscal year | Dec 2017fiscal year | Dec 2018fiscal year | Dec 2019fiscal year | Dec 2020fiscal year | Dec 2021fiscal year | Dec 2022fiscal year | Dec 2023fiscal year | Dec 2024fiscal year | Dec 2025fiscal year | Last 12 monthsto Mar 2026 | Latest quarterMar 2026 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | $10.84B | $13.09B | $15.45B | $17.77B | $21.45B | $25.37B | $27.52B | $29.77B | $31.80B | $33.17B | $33.73B | — |
| Operating income | $1.59B | $2.13B | $2.19B | $2.72B | $3.29B | $4.26B | $3.84B | $5.03B | $5.33B | $6.07B | $6.02B | — |
| Net income | $1.40B | $1.79B | $2.06B | $2.46B | $4.20B | $4.17B | $2.42B | $4.25B | $4.15B | $5.23B | $5.06B | — |
| Earnings per share, diluted | $1.15 | $1.47 | $1.71 | $2.07 | $3.54 | $3.52 | $2.09 | $3.84 | $3.99 | $5.41 | — | — |
Balance sheet
| Dec 2016fiscal year | Dec 2017fiscal year | Dec 2018fiscal year | Dec 2019fiscal year | Dec 2020fiscal year | Dec 2021fiscal year | Dec 2022fiscal year | Dec 2023fiscal year | Dec 2024fiscal year | Dec 2025fiscal year | Last 12 monthsto Mar 2026 | Latest quarterMar 2026 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Cash and equivalents | $1.59B | $2.88B | $7.58B | $7.35B | $4.79B | $5.20B | $7.78B | $9.08B | $6.56B | $8.05B | — | $6.98B |
| Total assets | $33.10B | $40.77B | $43.33B | $51.33B | $70.38B | $75.80B | $78.72B | $82.17B | $81.61B | $80.17B | — | $80.55B |
| Debt | — | — | $2.00B | $4.96B | $8.94B | $8.05B | $10.42B | $9.68B | $9.88B | $9.99B | — | $10.88B |
| Total liabilities | $18.39B | $24.78B | $27.95B | $34.40B | $50.32B | $54.08B | $58.44B | $61.12B | $61.19B | $59.92B | — | $60.52B |
| Shareholders' equity | $14.71B | $15.99B | $15.39B | $16.89B | $20.02B | $21.73B | $20.27B | $21.05B | $20.42B | $20.26B | — | $20.02B |
Cash flow
| Dec 2016fiscal year | Dec 2017fiscal year | Dec 2018fiscal year | Dec 2019fiscal year | Dec 2020fiscal year | Dec 2021fiscal year | Dec 2022fiscal year | Dec 2023fiscal year | Dec 2024fiscal year | Dec 2025fiscal year | Last 12 monthsto Mar 2026 | Latest quarterMar 2026 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Operating cash flow | $3.16B | $2.53B | $5.48B | $4.07B | $6.22B | $5.80B | $5.81B | $4.84B | $7.45B | $6.42B | $6.39B | — |
| Capital spending | $669.0M | $667.0M | $823.0M | $704.0M | $866.0M | $908.0M | $706.0M | $623.0M | $683.0M | $852.0M | $887.0M | — |
| Free cash flow | $2.49B | $1.86B | $4.66B | $3.37B | $5.35B | $4.89B | $5.11B | $4.22B | $6.77B | $5.56B | $5.50B | — |
| Buybacks | $995.0M | $1.01B | $3.52B | $1.41B | $1.64B | $3.37B | $4.20B | $5.00B | $6.05B | $6.05B | $6.05B | — |
| Dividends | — | — | — | — | — | — | — | $0 | $0 | $130.0M | $260.0M | — |
| Returned to shareholders | $995.0M | $1.01B | $3.52B | $1.41B | $1.64B | $3.37B | $4.20B | $5.00B | $6.05B | $6.18B | $6.31B | — |
| Stock-based pay | $438.0M | $733.0M | $853.0M | $1.02B | $1.38B | $1.38B | $1.26B | $1.48B | $1.23B | $1.00B | $1.01B | — |
Where these numbers come from
Every column links to the filing it comes from on EDGAR. Last 12 months adds the latest year to date to the last 10-K and takes away the same months a year earlier. Debt is long-term debt including the part due within a year. A dash means the company did not report that line in a form we can read, never a zero. Market cap uses the latest closing price and the share count from the cover of the latest filing. How we count
PayPal financials, answered
What is PayPal's market cap?
$48.50B at $56.70 a share, with 855,460,874 shares outstanding as of Jul 22, 2026, from the cover of its latest SEC filing.
How much does PayPal earn?
Revenue of $33.73B and net income of $5.06B in the last 12 months to Mar 2026.
How much debt does PayPal have?
PayPal reported $10.88B of debt and $6.98B of cash and equivalents on its balance sheet in Mar 2026.
Does PayPal make free cash flow?
Yes. Operating cash flow minus capital spending was $5.50B in the last 12 months to Mar 2026.
How much cash does PayPal return to shareholders?
$6.18B in buybacks and dividends in fiscal 2025, from the cash flow statement.