Fundamentals · 2026-09-09S&P 500ANNUAL BASIS

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PYPL stock analysis · Financials · Transaction & Payment Processing Services

FY 2025-12-31ANNUAL FILINGS
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These are research estimates based on annual filings. Valuation uses a cash-flow proxy and explicit assumptions; prices are not live. Published valuations use annual periods first filed by the price date, with later restatements retained.
Reference share price · USD
$43.18HISTORICAL SNAPSHOT

As of · fund-implied per-share value

Fund holding value ÷ shares held. Not a live quote; not adjusted for later stock splits.

View SEC fund filing ↗
Estimated issuer market cap
$38.1B

Price × SEC outstanding shares. Shares measured 2026-04-29. Approximate; share and price dates can differ.

View share-count filing ↗
Valuation

DCF value

Generic cash-flow and operating-capital models are not suitable for this sector; specialist bank/insurance or REIT analysis is required.

Generic cash-flow and operating-capital models are not suitable for this sector; specialist bank/insurance or REIT analysis is required.

How this is calculated ↗
Valuation

Reverse DCF

Generic cash-flow and operating-capital models are not suitable for this sector; specialist bank/insurance or REIT analysis is required.

Generic cash-flow and operating-capital models are not suitable for this sector; specialist bank/insurance or REIT analysis is required.

How this is calculated ↗
Valuation

Relative valuation

254.6%

8 industry peers · median 25.8×

How this is calculated ↗
Valuation

Historical multiples

20.0×

7 annual observations · snapshot P/E 7.3× · -63.5% versus history

How this is calculated ↗
Valuation

Free cash flow yield

Generic cash-flow and operating-capital models are not suitable for this sector; specialist bank/insurance or REIT analysis is required.

Generic cash-flow and operating-capital models are not suitable for this sector; specialist bank/insurance or REIT analysis is required.

How this is calculated ↗
Quality

ROIC / quality

Generic cash-flow and operating-capital models are not suitable for this sector; specialist bank/insurance or REIT analysis is required.

Generic cash-flow and operating-capital models are not suitable for this sector; specialist bank/insurance or REIT analysis is required.

How this is calculated ↗
Valuation

Value composite

Requires three valuation yields and at least five covered sector peers.

Requires three valuation yields and at least five covered sector peers.

How this is calculated ↗
Momentum

12–1 price momentum

Split and corporate-action verification is incomplete for these fund observations. Verified adjusted endpoints are required for 12–1 momentum.

Split and corporate-action verification is incomplete for these fund observations. Verified adjusted endpoints are required for 12–1 momentum.

How this is calculated ↗
Investment

Asset growth

1.8%

Annual basis · read assumptions below

How this is calculated ↗
Investment

Net payout yield

15.9%

Annual basis · read assumptions below

How this is calculated ↗
Quality

Accrual quality

Generic cash-flow and operating-capital models are not suitable for this sector; specialist bank/insurance or REIT analysis is required.

Generic cash-flow and operating-capital models are not suitable for this sector; specialist bank/insurance or REIT analysis is required.

How this is calculated ↗
Momentum

Fundamental momentum

0.6%

Annual basis · read assumptions below

How this is calculated ↗

Follow the cash

ANNUAL · USD

Operating cash flow and reinvestment over time

USD · bar maximum 7.5B2020-12-31: cfo $6,219,000,000.002020-12-31: capex $866,000,000.0020202021-12-31: cfo $5,797,000,000.002021-12-31: capex $908,000,000.0020212022-12-31: cfo $5,813,000,000.002022-12-31: capex $706,000,000.0020222023-12-31: cfo $4,843,000,000.002023-12-31: capex $623,000,000.0020232024-12-31: cfo $7,450,000,000.002024-12-31: capex $683,000,000.0020242025-12-31: cfo $6,416,000,000.002025-12-31: capex $852,000,000.002025
Operating cash flowCapital expenditure

Annual USD. Negative bars use a compressed lower scale. Hover or inspect the financial history table for exact values.

Make the assumptions yours

Personal inputs stay in this browser. Blank fields retain published inputs. Five-year forecast; zero net borrowing. Required return must exceed terminal growth.

How sensitive is the valuation?

DCF per-share sensitivity · includes reviewed preferred and minority-owner claims · rows: required return · columns: growth
Return / Growth3.0%5.0%7.0%
8.0%
10.0%
12.0%

Annual financial history

Open SEC filings ↗
Fiscal year-endRevenueNet incomeOperating cash flowCapital expenditureAssets
2025-12-3133.2B5.2B6.4B852M80.2B
2024-12-3131.8B4.1B7.5B683M78.7B
2023-12-3129.8B4.2B4.8B623M82.2B
2022-12-3127.5B2.4B5.8B706M78.6B
2021-12-3125.4B4.2B5.8B908M75.8B
2020-12-3121.5B4.2B6.2B866M70.4B
2019-12-3117.8B2.5B4.1B704M51.3B
2018-12-3115.5B2.1B5.5B823M43.3B

USD, abbreviated. Restated annual history; not a point-in-time backtest. Missing values appear as dashes.

Trace the inputs

MODEL ANNUAL PERIOD
InputValueSEC tag / sourceFiled
revenue33.2BRevenues2026-02-03
netIncome5.2BNetIncomeLoss
Parent-attributable fallback: a verified consolidated total is unavailable in the supported tags. Noncontrolling interests have not been assumed to be zero; this may differ in scope from consolidated cash flow or operating income.
2026-02-03
Parent/common earnings proxy5.2BNetIncomeLossAvailableToCommonStockholdersBasic2026-02-03
cfo6.4BNetCashProvidedByUsedInOperatingActivities2026-02-03
capex852MPaymentsToAcquirePropertyPlantAndEquipment2026-02-03
operatingIncome6.1BOperatingIncomeLoss2026-02-03
assets80.2BAssets2026-02-03
equity20.3BStockholdersEquity
Parent-attributable fallback: a verified consolidated total is unavailable in the supported tags. Noncontrolling interests have not been assumed to be zero; this may differ in scope from consolidated cash flow or operating income.
2026-02-03
Parent book equity proxy20.3BStockholdersEquity2026-02-03
debtNot reported under a supported tag
shortDebtNot reported under a supported tag
cash8BCashAndCashEquivalentsAtCarryingValue2026-02-03
shares968MWeightedAverageNumberOfDilutedSharesOutstanding2026-02-03
dividends130MPaymentsOfDividends2026-02-03
buybacks6.1BPaymentsForRepurchaseOfCommonStock2026-02-03
issuance117MProceedsFromIssuanceOfCommonStock2026-02-03