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PayPal Holdings, Inc. logo

PayPal Holdings, Inc. Income Statement

Revenue, expenses, and profitability over time

PayPal Holdings, Inc. generated $33.7B in trailing twelve-month revenue, up 0.1% year-over-year. Net income was $5.1B with a 15.0% net margin. Diluted EPS is $5.33, which grew 0.2% year-over-year. Based on the Q1 2026 filing.

Total Revenue (TTM)$33.7BOperating Income (TTM)$6.0BNet Income (TTM)$5.1BEps Diluted (TTM)$5.33
Latest FilingQ1 2026
Report Date2026-05-05
Market Cap$36.4B
P/E Ratio7.19
ROE25.12%

Operating Expenses

MetricQ4 '24Q1 '25Q2 '25Q3 '25Q4 '25Q1 '26
Compensation and benefits$283M$249M$286M$257M$210M$259M
Depreciation and amortization$249M$245M$239M$245M$234M$238M
General and administrative$594M$503M$461M$513M$502M$491M
Occupancy and equipment$42M$41M$40M$41M$40M$40M
Selling and marketing$626M$488M$583M$521M$691M$518M
Total operating expenses$6.9B$6.3B$6.8B$6.9B$7.2B$6.9B

Earnings Per Share

MetricQ4 '24Q1 '25Q2 '25Q3 '25Q4 '25Q1 '26
Basic earnings per share$1.12$1.31$1.30$1.31$1.54$1.22
Diluted earnings per share$1.10$1.29$1.29$1.30$1.53$1.21
Weighted-average shares, basic1B986M969M950M959M913M
Weighted-average shares, diluted1B999M977M960M968M920M

Other Income & Expense

MetricQ4 '24Q1 '25Q2 '25Q3 '25Q4 '25Q1 '26
Gain (loss) on disposal of assets-$59M$48M$11M$10M$93M-$101M
Interest expense$97M$103M$114M$113M$111M$111M
Gain on retained interest in Sandisk-$28M$48M$20M$4M$96M-$97M
Other income (expense), net—$73M$25M$13M$116M-$95M

Tax

MetricQ4 '24Q1 '25Q2 '25Q3 '25Q4 '25Q1 '26
Income tax expense$289M$316M$268M$285M$190M$280M

Net Income

MetricQ4 '24Q1 '25Q2 '25Q3 '25Q4 '25Q1 '26
Net income$1.1B$1.3B$1.3B$1.2B$1.4B$1.1B

Operating Income

MetricQ4 '24Q1 '25Q2 '25Q3 '25Q4 '25Q1 '26
Operating income$1.4B$1.5B$1.5B$1.5B$1.5B$1.5B

Other

MetricQ4 '24Q1 '25Q2 '25Q3 '25Q4 '25Q1 '26
Accretion (Amortization) of Discounts and Premiums, Investments$45M$30M$27M$20M$6M$8M
Share-based compensation expense related to employee stock plans$315M$285M$319M$289M$242M$292M
Adjustments To Additional Paid In Capital Sharebased Compensation And Exercise Of Stock Options-$36M-$171M-$2M-$66M-$19M-$139M
Advertising costs$143.5M$216.8M$216.8M$216.8M$216.8M—
Pre-tax stock-based compensation cost$301M$267M$306M$278M$233M$284M
Amortization of capitalized software and acquired intangible assets$48M$47M$48M$47M$33M$32M
Stock options excluded as their inclusion would be anti-dilutive (in shares)9M2M14M12M11M21M
Business Combination Consideration Transferred1—————$134M
Capital investments accrued but not yet paid$3.5M$2.3M$2.3M$2.3M$2.3M—
Cash, Cash Equivalent, Restricted Cash, and Restricted Cash Equivalent, Period Increase (Decrease), Including Exchange Rate Effect and Discontinued Operation$956M-$1.4B-$2.1B$4.9B$165M-$1.6B
Dividends declared (in dollars per share)————$0.14$0.14
Comprehensive Income (Loss), Net of Tax, Attributable to Parent$1.2B$1.2B$1.1B$1.3B$1.5B$1.3B
Federal$85.5M-$29M-$29M-$29M-$29M—
Foreign$125.5M$223.3M$223.3M$223.3M$223.3M—
Current State And Local Tax Expense Benefit$26.8M$16.3M$16.3M$16.3M$16.3M—
Customer support and operations$451M$398M$413M$447M$446M$446M
Federal$69.5M$73.8M$73.8M$73.8M$73.8M—
Deferred Foreign Income Tax Expense Benefit-$4.5M-$15.8M-$15.8M-$15.8M-$15.8M—
Deferred taxes$223M-$6M-$83M$182M$124M-$290M
State-$7.3M-$3.8M-$3.8M-$3.8M-$3.8M—
Defined Contribution Plan Cost Recognized$18.5M$20.8M$20.8M$20.8M$20.8M—
Defined Contribution Plan Employer Matching Contribution Percent4.0%———4.0%—
Employer matching contribution, maximum annual contributions per employee$3.5K$3.5K$3.5K$3.5K$3.5K—
Maximum percentage of annual compensation contributed by the participant (percent)50.0%———50.0%—
Depreciation$206.3M$197M$197M$197M$197M—
Dividends, Common Stock, Cash————$130M$130M
Effect of exchange rate changes on cash, cash equivalents and restricted cash-$310M$94M$195M—$28M-$50M
Effective tax rates—$0.2$0.2$0.2—$0.2
Effective Income Tax Rate Reconciliation, Change in Deferred Tax Assets Valuation Allowance, Percent0.6%———5.0%—
Effect of cross-border tax laws—$5.3M$5.3M$5.3M$5.3M—
Effect of cross-border tax laws————0.3%—
Domestic income taxed at different rates0.1%—————
Foreign operations-4.3%—————
Nontaxable or nondeductible items————0.7%—
Share-based compensation2.6%—————
State income taxes – net of federal income tax benefit$0-$0-$0-$0-$0—
Changes in unrecognized tax benefits————3.6%—
Effective Income Tax Rate Reconciliation, Tax Credit, Net, Percent-0.6%—————
Effective Income Tax Rate Reconciliation Tax Credits Research————1.6%—
Employee Service Share Based Compensation Allocation Of Recognized Period Costs Capitalized Amount$32M$35M$33M$33M$33M$31M
Share-Based Payment Arrangement, Expense, Tax Benefit$59.5M$56.8M$56.8M$56.8M$56.8M—
Equity Securities without Readily Determinable Fair Value, Downward Price Adjustment, Annual Amount$74M$0$6M$11M$37M$68M
Net additions (reductions)-$87M$22M-$76M$6M$63M-$1M
Equity Securities Without Readily Determinable Fair Value Upward Price Adjustment Annual Amount$15M$55M$28M$15M$114M$45M
Equity Securities without Readily Determinable Fair Value, Upward Price Adjustment, Annual Amount$15M$55M$28M$15M$114M$45M
Finance Lease Principal Payments$0$2M$4M$0$0$2M
Finance Lease Right Of Use Asset Amortization$4M$4M$4M$4M$4M$4M
Gain on sale of business and assets$0$0$0$0$0—
Net gains/(losses) on sales of loans-$33M-$25M-$27M-$70M-$71M-$61M
Gain (Loss) On Sales of Loans, Net, Including Transaction Costs-$32.3M-$48.3M-$48.3M-$48.3M-$48.3M—
Goodwill Additions$0$0$7M——$104M
Foreign Currency Translation and Other Adjustments-$159M$73M$59M——-$22M
Income Loss From Continuing Operations Before Income Taxes Domestic$236.5M$363.3M$363.3M$363.3M$363.3M—
Income Loss From Continuing Operations Before Income Taxes Foreign$1.1B$1.2B$1.2B$1.2B$1.2B—
Income tax examination, penalties and interest expense (benefit)$12.5M$18.3M$18.3M$18.3M$18.3M—
Tax holiday income tax benefits$118.3M$24M$24M$24M$24M—
Income Tax Holiday Income Tax Benefits Per Share$0.12$0.03$0.03$0.03$0.03—
Federal taxes—$133.8M$133.8M$133.8M$133.8M—
Effective Income Tax Rate Reconciliation, Change in Deferred Tax Assets Valuation Allowance, Amount—$78M$78M$78M$78M—
Effective Income Tax Rate Reconciliation at Federal Statutory Income Tax Rate, Amount—$330.3M$330.3M$330.3M$330.3M—
Nontaxable or Nondeductible items—$11.8M$11.8M$11.8M$11.8M—
Effective Income Tax Rate Reconciliation, State and Local Income Taxes, Amount—-$5.5M-$5.5M-$5.5M-$5.5M—
Changes in unrecognized tax benefits—$56.3M$56.3M$56.3M$56.3M—
Effective Income Tax Rate Reconciliation, Tax Credit, Research, Amount—$24.8M$24.8M$24.8M$24.8M—
Income Taxes Paid, Net$52M$95M$742M$196M$66M$7M
Increase (Decrease) in Accounts Payable, Trade$59M-$52M——$10M-$52M
Increase (Decrease) in Accounts Receivable-$54M$98M$17M-$126M-$133M$2M
Funds payable and amounts due to customers-$1.2B$1.4B———$1.1B
Increase (Decrease) In Funds Receivable, Investing Activities-$2.8B$2.7B$44M——$352M
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 Other Operating Assets$98.3M-$64M———-$249M
Other liabilities$199.5M-$279M———-$437M
Increase (Decrease) In Transaction Loss Allowance For Cash Losses, Net$282.8M$311M———$313M
Add - Incremental shares under stock-based compensation plans (in shares)10M13M8M10M9M7M
Interest Paid, Excluding Capitalized Interest, Operating Activity$198M$2M$189M$19M$196M$18M
Investment and other (expense) income, net$148M$145M$135M$119M$118M$107M
Lease Cost$43M$43M$42M$43M$42M$42M
Cash Provided by (Used in) Financing Activity, Including Discontinued Operation-$3.6B$994M-$3.2B-$1.8B-$1.9B-$559M
Cash Provided by (Used in) Investing Activity, Including Discontinued Operation$2.5B-$3.6B-$40M$4.8B—-$2.1B
Cash Provided by (Used in) Operating Activity, Including Discontinued Operation$2.4B$1.2B$898M$2B$2.4B$1.1B
Non cash investments not yet settled$75M$125M——$62M$25M
Number of completed acquisitions0.000.00———1.00
Number of operating segments—1.00———1.00
Number of reportable segments—1.00———1.00
Other comprehensive income/(loss) before reclassifications$116M-$38M-$186M-$11M-$46M$57M
Operating Lease Payments$42M$42M$46M$47M$43M$45M
Net unrealized gains on securities available for sale$0-$2M-$3M$5M$0-$1M
Net unrealized gains/(losses) on available-for-sale securities$0-$9M-$11M$18M—-$5M
Other Comprehensive Income (Loss), Foreign Currency Transaction and Translation Adjustment, before Tax, Portion Attributable to Parent-$225M$109M$125M-$49M—-$34M
Other Comprehensive Income Foreign Currency Translation Adjustment Tax Portion Attributable To Parent-$14M$7M-$3M$0—-$4M
Unrealized gains on cash flow hedges, net$252M-$176M-$248M$78M—$192M
Other Comprehensive Income Loss Cash Flow Hedge Gain Loss After Reclassification Tax Parent$12M-$9M-$11M$3M-$19M$13M
Other Comprehensive Income (Loss), Net Investment Hedge, Gain (Loss), Reclassification, before Tax$0$0$0$0$0$0
Other comprehensive income/(loss)$77M-$72M-$117M$39M—$145M
Other Noncash Income (Expense)—$73M$224M—$42M-$70M
Other income, net (Note 6)—-$17M-$7M-$3M—$10M
Payments For (Proceeds From) Hedging And Derivative Instrument And Securities Purchased Under Agreements To Resell, Financing Activities-$157M$135M$10M$10M$5M-$108M
Payments For (Proceeds From) Hedging And Derivative Instrument, Investing Activities-$131M$53M$263M——-$110M
Payments for Repurchase of Common Stock$1.3B$1.5B$1.6B$1.5B$1.5B$1.5B
Payments For Securities Purchased Under Agreements To Resell$125M$200M$1M——$0
Payments of Dividends$0$0———$130M
Payment, Tax Withholding, Share-Based Payment Arrangement$80M$277M$0$68M$66M$127M
Payments to Acquire Businesses, Net of Cash Acquired—$0———$122M
Payments to Acquire Investments$5.4B$6B$5.6B$4.4B$4.4B$5.9B
Payments to Acquire Property, Plant, and Equipment$203M$196M$206M$256M$194M$231M
Divestiture of businesses, net of cash transferred$0$0$0$0$0—
Issuance of debt$0$1.5B$0$746M$400M$930M
Financing — other$0-$2M-$4M——-$2M
Proceeds from sales and paydowns$7.2B$6.4B$7.7B$9B$12.3B$11.1B
Proceeds From Sale And Collection Of Loans Receivable$5.6B$5.5B$5.7B$4.7B$3.7B$3.8B
Proceeds from sales and redemptions of investments in debt securities classified as available for sale$6B$5.5B$7.1B$7.4B$7.3B$5.3B
Maturities and sales of investments$5.8B$5.5B$6.1B$7.4B$3.9B$4.5B
Dispositions of property, plant, and equipment$1M$2M$1M——$8M
Proceeds From Securities Purchased Under Agreements To Resell$111M$87M$201M——$0
Purchases And Payments For Originations Of Loans Receivable$6.4B$5.5B$6B$4.4B$4.3B$3.9B
Reclassification from AOCI, Current Period, Net of Tax, Attributable to Parent$39M$34M-$69M-$50M-$88M-$88M
Repayments of Debt$1.3B$0$1.2B$747M$201M$932M
Restructuring and other$50M$66M$116M$69M$80M$74M
Revenue from contracts outside the scope of ASC Topic 606$600M$573M$506M$542M$500M$473M
ROU lease assets obtained in exchange for operating lease liabilities—$5M———-$5M
Stock-based compensation$283M$249M$286M$257M$210M$259M
Income tax benefit realized related to awards vested or exercised$51.3M$59.3M$59.3M$59.3M$59.3M—
Technology and development$773M$731M$767M$801M$804M$793M
Transaction and credit losses$434M$371M$476M$483M$390M$378M
Transaction expense$4B$3.7B$4B$4.1B$4.3B$4.2B
Treasury stock, value, acquired$1.2B$1.5B$1.5B$1.5B$1.5B$1.5B
Unrecognized Tax Benefits Decreases Resulting From Prior Period Tax Positions$50.3M$38.8M$38.8M$38.8M$38.8M—
Unrecognized tax benefits, settlements$0$22.5M$22.5M$22.5M$22.5M—
Unrecognized Tax Benefits Increases Resulting From Current Period Tax Positions$70M$69M$69M$69M$69M—
Additions for tax positions of prior years$11M$60M$60M$60M$60M—
Unrecognized Tax Benefits Reductions Resulting From Lapse Of Applicable Statute Of Limitations$9.8M$11.5M$11.5M$11.5M$11.5M—
Valuation Allowance, Deferred Tax Asset, Increase (Decrease), Amount—$124M$124M$124M$124M—

Revenue

MetricQ4 '24Q1 '25Q2 '25Q3 '25Q4 '25Q1 '26
Rental income$3M$2M$2M$2M$2M$2M
Total revenue$8.4B$7.8B$8.3B$8.4B$8.7B$8.4B