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PYPL · Nasdaq · United States · Services-Business Services, Nec
In shortPayPal Holdings, Inc. is profitable, generates cash and holds more cash than debt, with revenue growing (+4.3% last year).
Financial health
Strong
Built from five areas over the last five annual reports. Tap an area to see the figures behind it.
| Operating marginShare of each sale left after running the business, before interest and tax. | 18.3% | 78/100 |
|---|---|---|
| Net marginShare of each sale left as profit after every cost, interest and tax. | 15.8% | 83/100 |
| Return on equityProfit earned on the money shareholders put in. Above 15% is strong. | 25.7% | 100/100 |
| Return on invested capitalProfit earned on all the capital used (equity and debt). Above 10% usually means a real competitive edge. | 15.8% | 100/100 |
Weight in the score: 25%
| Current ratioShort-term assets divided by short-term debts. Below 1 can mean tight cash. | 1.29× | 41/100 |
|---|---|---|
| Debt / equityDebt compared with the shareholders' stake. Above 2 is heavily indebted. | 0.49× | 84/100 |
| Net debt / EBITDAYears of operating profit needed to repay net debt. Below 2 is comfortable. | Net cash | 100/100 |
| Interest coverageHow many times operating profit covers interest. Below 2 is risky. | 13.75× | 100/100 |
| Altman Z''Bankruptcy-risk model. Above 2.6 safe, below 1.1 distress. | 3.27 | 56/100 |
Weight in the score: 25%
| Free cash flow marginCash left from each sale after investments. The money that can pay dividends or reduce debt. | 16.8% | 87/100 |
|---|---|---|
| Free cash flow / net incomeHow much accounting profit turns into real cash. Near 1 or above is healthy. | 1.06× | 95/100 |
| Years with positive free cash flow (last 5) | 5 of 5 | 100/100 |
Weight in the score: 20%
| Profitable years (last 5) | 5 of 5 | 100/100 |
|---|---|---|
| Years of revenue decline (last 5) | 0 of 5 | 100/100 |
| Revenue growth volatility | 5.3% | 91/100 |
| Operating margin volatility | 1.6% | 95/100 |
Weight in the score: 20%
| Revenue growth, 3-year average | 6.4% | 52/100 |
|---|---|---|
| EPS growth, 3-year average | 37.3% | 100/100 |
Weight in the score: 10%
Fiscal year 2025 · change vs prior year
Annual figures as reported. Hover a bar or point for the exact value.
5 older years available with the 10-year history. Essential plan, from €8.25/month →
The last 5 fiscal years from the company's annual reports.
USD millions; negative values in parentheses.
| Fiscal year | FY21 | FY22 | FY23 | FY24 | FY25 |
|---|---|---|---|---|---|
| Revenue | 25,371 | 27,518 | 29,771 | 31,797 | 33,172 |
| Operating income | 4,262 | 3,837 | 5,028 | 5,325 | 6,065 |
| Interest expense | 232 | 304 | 347 | 382 | 441 |
| Pre-tax income | 4,099 | 3,366 | 993 | 946 | 1,453 |
| Income tax | (70) | 947 | 1,165 | 1,182 | 1,059 |
| Net income | 4,169 | 2,419 | 4,246 | 4,147 | 5,233 |
| Diluted EPS | $3.52 | $2.09 | $3.84 | $3.99 | $5.41 |
| Diluted shares (millions) | 1,186 | 1,158 | 1,107 | 1,039 | 968 |
5 older years available with the 10-year history. Essential plan, from €8.25/month →
3.27 Safe zone
Estimates bankruptcy risk from working capital, retained earnings, operating profit and equity. Above 2.6 is considered safe, below 1.1 signals distress.
8/9
Nine yes-or-no tests on profitability, debt, liquidity and efficiency versus the prior year. 7 to 9 is strong, 0 to 3 is weak.
All figures: SEC EDGAR. Ratios and scores are computed by Scorvest (see how it works). Information only, not investment advice. How it works
Latest annual report: Jun 30, 2026 · Data updated May 5, 2026