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PayPal Holdings, Inc. PYPL Net debt / EBITDA

Net debt / EBITDA at other companies

American Express logo
American ExpressAXP
0.3×+0.3×
Apple logo
AppleAAPL
0.2×-0.2×
Mastercard logo
MastercardMA
0.5×-0.1×
Visa logo
VisaV
0.2×0.0×
Block logo
BlockXYZ
-4.7×-0.7×
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 the most recent quarter.

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 net debt / EBITDA?
PayPal Holdings, Inc. (PYPL) reported net debt / EBITDA of -1.8× in Q1 2026.
How has PayPal Holdings, Inc.'s net debt / EBITDA changed year-over-year?
PayPal Holdings, Inc.'s net debt / EBITDA decreased by 309.1% year-over-year, from 0.8× to -1.8×.
What is the long-term trend for PayPal Holdings, Inc.'s net debt / EBITDA?
Over 4 years (2021 to 2025), PayPal Holdings, Inc.'s net debt / EBITDA has grown at a 8.9% compound annual growth rate (CAGR), from 2.7× to -3.8×.
What does net debt / EBITDA mean?
How many years of operating earnings it would take to pay off the company's net debt.
How do you interpret net debt / EBITDA?
Lower is safer; lenders often covenant around 3–4×. A negative value means net cash (more cash than debt), a position of strength. Spikes can reflect a temporary EBITDA dip rather than new borrowing.
How does net debt / EBITDA compare across companies?
A standard leverage yardstick across non-financial sectors; covenant thresholds vary by industry cash-flow stability.