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PayPal Holdings, Inc. PYPL Free cash flow margin

Free cash flow margin at other companies

American Express logo
American ExpressAXP
19.3%
Apple logo
AppleAAPL
28.6%+4.0pp
Mastercard logo
MastercardMA
52.4%+0.8pp
Visa logo
VisaV
49.2%-5.3pp
Block logo
BlockXYZ
13.3%+8.3pp
Alphabet Inc. logo
Alphabet Inc.GOOGL

Other financials

Income statement

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Revenue$8.4B+7.2%
Operating income$1.5B-2.8%
Net income$1.1B-13.5%
EPS (diluted)$1.21-6.2%

Balance sheet

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Cash & equivalents$22.4B+245%
Total debt$10.1B-17.3%
Total equity$20.0B-1.1%
Total assets$80.5B-0.9%

Cash flow

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Operating cash flow$1.1B-2.2%
CapEx$231.0M+17.9%
Free cash flow$903.0M-6.3%

Valuation

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Market cap$37.12B-35.5%
Enterprise value$24.75B-58.3%
P/E7.3×-5.3×
P/S1.1×-0.7×

Profitability

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Operating margin17.9%0.0pp
Net margin15%+0.7pp

Returns & leverage

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Return on equity25.1%+2.9pp
Debt / equity0.5×-0.1×
Current ratio1.3×0.0×

Where this comes from

Calculated from PayPal Holdings, Inc.’s reported figures.

Based on trailing twelve months.

The official record: PayPal Holdings, Inc.’s 10-Q, filed May 5, 2026, on SEC EDGAR. View the filing →

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Questions, answered.

What is PayPal Holdings, Inc.'s free cash flow margin?
PayPal Holdings, Inc. (PYPL) reported free cash flow margin of 16.3% in Q1 2026.
How has PayPal Holdings, Inc.'s free cash flow margin changed year-over-year?
PayPal Holdings, Inc.'s free cash flow margin decreased by 12.8% year-over-year, from 18.7% to 16.3%.
What is the long-term trend for PayPal Holdings, Inc.'s free cash flow margin?
Over 4 years (2021 to 2025), PayPal Holdings, Inc.'s free cash flow margin has grown at a -5.8% compound annual growth rate (CAGR), from 87.6% to 68.8%.
What does free cash flow margin mean?
How much real, spendable cash each sales dollar generates after reinvestment.
How do you interpret free cash flow margin?
A high and rising FCF margin is the hallmark of a cash-generative business. Persistent gaps between net margin and FCF margin warrant a look at working capital or capital intensity.
How does free cash flow margin compare across companies?
Strong cross-company quality signal; capital-light compounders post structurally higher FCF margins than asset-heavy peers.