PayPal (PYPL): financials, SEC filings and peers

PayPal (PYPL) is a transaction & payment processing services company in the Financials sector of the S&P 500, headquartered in San Jose, California.

It was founded in 1998 and joined the S&P 500 on July 20, 2015.

Its fiscal year ends in December, and its shares trade on the Nasdaq.

In its SEC filings it is classified as “Services-Business Services, NEC”.

PayPal at a glance

Revenue (12 months): $33.7B
Revenue growth: +5.8%
Operating margin: 17.9%
Net income (12 months): $5.1B
Free cash flow (12 months): $5.5B
Cash: $7.0B
Debt: $10.9B
Diluted EPS (12 months): $5.33

Twelve months to March 31, 2026, from the 10-Q filed May 5, 2026.

Latest twelve months

Over the twelve months to March 31, 2026, PayPal reported revenue of $33.7 billion, about the same as a year earlier (+5.8%).

Its operating margin was 17.9%: for every $100 of sales, about $18 was left as operating profit.

Net income was $5.1 billion (15.0% of revenue), 11.3% higher than a year earlier.

Operating cash flow was $6.4 billion and capital spending $887 million, leaving free cash flow of $5.5 billion (16.3% of revenue).

At the end of the period it held $7.0 billion in cash and $10.9 billion in debt, a net debt position of $3.9 billion.

The diluted share count fell 7.9% in a year, typically the result of buybacks.

Five-year trend

Revenue went from $21.5 billion in fiscal 2020 to $33.2 billion in fiscal 2025, about 9.1% a year.
Revenue has grown for 5 fiscal years in a row.
Operating margin widened from 15.3% to 18.3% over the same years.
Free cash flow was positive in each of the last 6 fiscal years.

Fiscal year	2021	2022	2023	2024	2025
Revenue	$25.4B	$27.5B	$29.8B	$31.8B	$33.2B
Revenue growth	18.3%	8.5%	8.2%	6.8%	4.3%
Operating margin	16.8%	13.9%	16.9%	16.7%	18.3%
Net income	$4.2B	$2.4B	$4.2B	$4.1B	$5.2B
Free cash flow	$4.9B	$5.1B	$4.2B	$6.8B	$5.6B
Diluted EPS	$3.52	$2.09	$3.84	$3.99	$5.41

Fiscal years as reported in PayPal’s 10-K filings. Free cash flow is operating cash flow minus capital spending.

Recent SEC filings

10-Q filed July 28, 2026 — quarterly report
8-K filed July 28, 2026 — Earnings results
8-K filed May 21, 2026 — Executive or director change; Shareholder vote results
8-K filed May 15, 2026 — Other event
10-Q filed May 5, 2026 — quarterly report
8-K filed May 5, 2026 — Earnings results
8-K filed April 30, 2026 — Executive or director change; Regulation FD disclosure

All PayPal filings on SEC EDGAR

Companies like PayPal

Other S&P 500 companies in Transaction & Payment Processing Services:

More from Financials

All 76 Financials companies →

Questions about PayPal

Is PayPal's revenue growing?

Yes. Revenue for the twelve months to March 31, 2026 was $33.7 billion, up 5.8% from a year earlier, according to its SEC filings.

Is PayPal profitable?

Yes. It earned $5.1 billion in net income over the twelve months to March 31, 2026, a net margin of 15.0%.

Does PayPal have more cash or more debt?

At March 31, 2026 it had $7.0 billion in cash and $10.9 billion in debt, so more debt than cash.

When did PayPal last file financial results?

Its latest quarterly report (10-Q) was filed with the SEC on July 28, 2026.

Which companies are similar to PayPal?

In the S&P 500, PayPal is grouped in Transaction & Payment Processing Services within the Financials sector. Corpay (CPAY), Fidelity National Information Services (FIS), Fiserv (FISV), Global Payments (GPN), Jack Henry & Associates (JKHY) are in the same group.

Understand the numbers

Source: PayPal’s filings with the U.S. Securities and Exchange Commission (EDGAR), retrieved September 27, 2026. Figures are as reported by the company and may be restated. This page is for information only and is not financial advice.