Latest revenue
$8.35B
as of 2026-03-31
Latest net income
$1.11B
as of 2026-03-31
Net margin
13.3%
as of 2026-03-31
Price · 5Y
Live market
delayed ≤15 min- Market cap
- $39.02B
- Enterprise value
- $41.30B
- P/E (trailing)
- 6.2×
- Forward P/E
- —
- P/B
- 1.93×
- Dividend yield
- 0.6%
- 52-wk high
- $79.50
- 52-wk low
- $38.46
- Beta
- —
- Shares out
- 882.1M
5-year trend
What this company does
PayPal operates a global digital payments platform, letting consumers and merchants send, receive, and process money online through branded checkout, Venmo, and Braintree. It earns most of its revenue from transaction fees charged on payment volume flowing across its network, supplemented by interest on customer funds and merchant credit products. Under CEO Alex Chriss, PayPal is executing a profitability-focused turnaround, posting 7% revenue growth and 24% net income growth year-over-year in Q3 2025 while aggressively buying back stock, repurchasing $4.5 billion year-to-date.
Generated from PYPL's filing dated 2026-02-03
Key risks
- Credit losses accelerating: transaction and credit losses jumped 37% YoY to $1.33B (9M), outpacing 4.5% revenue growth.
- Rising leverage: long-term debt grew to $11.3B from $9.9B, while $4.55B was spent on buybacks, shrinking equity to $20.2B.
- Loan book risk concentration: $6.4B loans receivable plus $1.4B held-for-sale, with allowances rising to $515M from $461M.
Generated from PYPL's filing dated 2026-02-03
Profitability
Operating margin
18.3%
9.2%Net margin
19.0%
13.2%Return on equity
31.1%
19.0%Return on assets
7.8%
20.2%Leverage
Debt / equity
2.96×
1.3%Long-term debt / equity
0.49×
1.9%Debt / assets
74.7%
0.3%Earnings tracker
| Quarter | Revenue | YoY | Net income | YoY | Net margin |
|---|---|---|---|---|---|
Q1 2026 2026-03-31 | $8.35B | +7.2% | $1.11B | -13.5% | 13.3% |
Q4 2025 2025-12-31 | $8.68B | +3.7% | $2.50B | +8.4% | 28.8% |
Q3 2025 2025-09-30 | $8.42B | +7.3% | $1.25B | +23.6% | 14.8% |
Q2 2025 2025-06-30 | $8.29B | +5.1% | $1.26B | +11.8% | 15.2% |
Q1 2025 2025-03-31 | $7.79B | +1.2% | $1.29B | +44.9% | 16.5% |
Q4 2024 2024-12-31 | $8.37B | — | $2.30B | — | 27.5% |
Q3 2024 2024-09-30 | $7.85B | +5.8% | $1.01B | -1.0% | 12.9% |
Q2 2024 2024-06-30 | $7.88B | +8.2% | $1.13B | +9.6% | 14.3% |
Year-over-year change vs the same fiscal quarter one year prior. Revenue + net income sourced from SEC 10-Q / 10-K filings — no analyst-consensus dependency.
Industry trend
Services-Business Services, NEC · SIC 7389
Your notes
Keep private notes on PYPL — thesis, target price, catalysts to watch.
Visible only to you. Never shared. Never used to train AI.
Insider activity
Insider buying
$0
Insider selling
$9.0M
Net activity
−$9.0M
Distinct insiders
6
Open-market trades over the last 365 days.
Recent transactions
Source: SEC Form 4 filings. Officers, directors, and 10%+ owners must disclose share transactions within two business days. RSU grants and tax-withholding rows are excluded by default — compensation activity is not a trading signal.
Who owns PYPL
Institutional value
$10.99B
Total shares held
254.1M
Distinct holders
772
As of
2026-03-31
Filers with $100M+ AUM disclose holdings 45 days after quarter end.
Top institutional holders
| # | Manager | Shares | Value | QoQ change | Action |
|---|---|---|---|---|---|
| 1 | VANGUARD CAPITAL MANAGEMENT LLC | 56.0M | $2.53B | — | New |
| 2 | VANGUARD PORTFOLIO MANAGEMENT LLC | 25.3M | $1.15B | — | New |
| 3 | Invesco Ltd. | 12.8M | $578.5M | — | New |
| 4 | PRIMECAP MANAGEMENT CO/CA/ | 10.0M | $453.5M | — | New |
| 5 | DIMENSIONAL FUND ADVISORS LP | 9.2M | $415.2M | — | New |
| 6 | Legal & General Group Plc | 7.2M | $323.6M | — | New |
| 7 | Bank of New York Mellon Corp | 6.2M | $282.6M | — | New |
| 8 | UBS Group AG | 5.6M | $254.9M | — | New |
| 9 | VANGUARD FIDUCIARY TRUST CO | 4.9M | $221.1M | — | New |
| 10 | CITIGROUP INC | 4.2M | $191.1M | — | New |
| 11 | BNP PARIBAS FINANCIAL MARKETS | 4.2M | $189.8M | — | New |
| 12 | Lindsell Train Ltd | 4.2M | $189.0M | — | New |
| 13 | DEUTSCHE BANK AG\ | 4.2M | $189.0M | — | New |
| 14 | Allianz Asset Management GmbH | 3.8M | $172.9M | — | New |
| 15 | JANE STREET GROUP, LLC | 3.3M | $149.7M | — | New |
| 16 | EQUITY INVESTMENT CORP | 3.1M | $141.7M | — | New |
| 17 | OFI INVEST ASSET MANAGEMENT | 3.5M | $136.4M | — | New |
| 18 | Nuveen, LLC | 2.9M | $131.5M | — | New |
| 19 | HSBC HOLDINGS PLC | 2.8M | $125.4M | — | New |
| 20 | Swiss National Bank | 2.6M | $118.0M | — | New |
Source: SEC Form 13F-HR. Positions aggregated across sub-managers within each firm. Options (puts/calls) excluded — common stock only.
Top questions investors are asking
- 1
Transaction and credit losses jumped 32% YoY to $1.33B over nine months—what's deteriorating in the loan book and BNPL underwriting?
- 2
Transaction expense as a percentage of revenue rose to 48.3% in Q3—is take-rate compression from Braintree structural, and where does it stabilize?
- 3
You've spent $4.5B on buybacks YTD while long-term debt grew $1.4B to $11.3B—justify levering up to shrink the float here.
Refreshed when PYPL files a new report · last from 2026-02-03