Income StatementBalance SheetCash FlowSegments
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PayPal Holdings, Inc. Cash Flow Statement

Operating, investing, and financing cash movements

PayPal Holdings, Inc. generated $6.4B in operating cash flow over the trailing twelve months. After $887.0M in capital expenditures, free cash flow was $5.5B. Free cash flow decreased 0.1% year-over-year. Based on the Q1 2026 filing.

Net Cash From Operating (TTM)$6.4BNet Cash From Investing (TTM)$3.6BNet Cash From Financing (TTM)-$7.5BCapital Expenditures (TTM)$887.0MDepreciation And Amortization Cf (TTM)$956.0MNet Change In Cash (TTM)$1.3B
Latest FilingQ1 2026
Report Date2026-05-05
Market Cap$39.7B
P/E Ratio7.85
ROE25.12%

Investing

MetricQ4 '24Q1 '25Q2 '25Q3 '25Q4 '25Q1 '26
Acquisitions, net of cash acquired—$0.0———$122.0M
Capital expenditures$203.0M$196.0M$206.0M$256.0M$194.0M$231.0M
Increase (Decrease) In Funds Receivable, Investing Activities-$2.8B$2.7B$44.0M-$1.6B—$352.0M
Payments For (Proceeds From) Hedging And Derivative Instrument, Investing Activities-$131.0M$53.0M$263.0M-$109.0M—-$110.0M
Maturities and sales of investments$5.8B$5.5B$6.1B$7.4B$3.9B$4.5B
Purchases And Payments For Originations Of Loans Receivable$6.4B$5.5B$6.0B$4.4B$4.3B$3.9B
Net cash from investing activities$2.5B-$3.6B-$40.0M$4.8B—-$2.1B
Purchases of investments$5.4B$6.0B$5.6B$4.4B$4.4B$5.9B

Operating

MetricQ4 '24Q1 '25Q2 '25Q3 '25Q4 '25Q1 '26
Change in accounts receivable-$54.0M$98.0M$17.0M-$126.0M-$133.0M$2.0M
Change in other liabilities$199.5M-$279.0M———-$437.0M
Deferred income taxes$223.0M-$6.0M-$83.0M$182.0M$124.0M-$290.0M
Depreciation and amortization$249.0M$245.0M$239.0M$245.0M$234.0M$238.0M
Net cash from operating activities$2.4B$1.2B$898.0M$2.0B$2.4B$1.1B
Net income$1.1B$1.3B$1.3B$1.2B$1.4B$1.1B
Increase (Decrease) In Originations Of Financing Receivables, Held-For-Sale$7.3B$6.6B$7.7B$9.7B$12.7B$11.3B
Increase (Decrease) In Transaction Loss Allowance For Cash Losses, Net$282.8M$311.0M———$313.0M
Transaction and credit losses$434.0M$371.0M$476.0M$483.0M$390.0M$378.0M
Stock-based compensation$283.0M$249.0M$286.0M$257.0M$210.0M$259.0M

Financing

MetricQ4 '24Q1 '25Q2 '25Q3 '25Q4 '25Q1 '26
Dividends paid$0.0$0.0———$130.0M
Funds payable and amounts due to customers-$1.2B$1.4B-$504.0M-$250.0M—$1.1B
Payments For (Proceeds From) Hedging And Derivative Instrument And Securities Purchased Under Agreements To Resell, Financing Activities—$135.0M$10.0M$10.0M$5.0M-$108.0M
Net cash from financing activities-$3.6B$994.0M-$3.2B-$1.8B-$1.9B-$559.0M
Repurchases of common stock$1.3B$1.5B$1.6B$1.5B$1.5B$1.5B
Taxes paid for net share settlement$80.0M$277.0M-$28.0M$68.0M$66.0M$127.0M

Free Cash Flow

MetricQ4 '24Q1 '25Q2 '25Q3 '25Q4 '25Q1 '26
Free cash flow$2.2B$964.0M$692.0M$1.7B$2.2B$903.0M

Other

MetricQ4 '24Q1 '25Q2 '25Q3 '25Q4 '25Q1 '26
Effect of exchange rate changes on cash-$310.0M$94.0M$195.0M-$44.0M$28.0M-$50.0M
Net increase (decrease) in cash$956.0M-$1.4B-$2.1B$4.9B$165.0M-$1.6B

Supplemental

MetricQ4 '24Q1 '25Q2 '25Q3 '25Q4 '25Q1 '26
Interest paid$198.0M$2.0M$189.0M$19.0M$196.0M$18.0M