PayPal Holdings Inc
NASDAQ:PYPL
Income Statement
Earnings Waterfall
PayPal Holdings Inc
Income Statement
PayPal Holdings Inc
| Dec-2014 | Mar-2015 | Jun-2015 | Sep-2015 | Dec-2015 | Mar-2016 | Jun-2016 | Sep-2016 | Dec-2016 | Mar-2017 | Jun-2017 | Sep-2017 | Dec-2017 | Mar-2018 | Jun-2018 | Sep-2018 | Dec-2018 | Mar-2019 | Jun-2019 | Sep-2019 | Dec-2019 | Mar-2020 | Jun-2020 | Sep-2020 | Dec-2020 | Mar-2021 | Jun-2021 | Sep-2021 | Dec-2021 | Mar-2022 | Jun-2022 | Sep-2022 | Dec-2022 | Mar-2023 | Jun-2023 | Sep-2023 | Dec-2023 | Mar-2024 | Jun-2024 | Sep-2024 | Dec-2024 | Mar-2025 | Jun-2025 | Sep-2025 | Dec-2025 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | ||||||||||||||||||||||||||||||||||||||||||||||
| Interest Expense |
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
3
|
0
|
0
|
0
|
7
|
0
|
0
|
22
|
77
|
64
|
91
|
98
|
115
|
130
|
158
|
187
|
209
|
230
|
232
|
232
|
232
|
233
|
245
|
274
|
304
|
332
|
350
|
349
|
347
|
346
|
352
|
372
|
382
|
399
|
420
|
427
|
0
|
|
| Revenue |
8 025
N/A
|
8 288
+3%
|
8 602
+4%
|
8 885
+3%
|
9 248
+4%
|
9 655
+4%
|
10 008
+4%
|
10 417
+4%
|
10 842
+4%
|
11 273
+4%
|
11 759
+4%
|
12 331
+5%
|
13 094
+6%
|
13 804
+5%
|
14 525
+5%
|
14 969
+3%
|
15 451
+3%
|
15 894
+3%
|
16 342
+3%
|
17 037
+4%
|
17 772
+4%
|
18 262
+3%
|
19 218
+5%
|
20 299
+6%
|
21 454
+6%
|
22 869
+7%
|
23 846
+4%
|
24 569
+3%
|
25 371
+3%
|
25 821
+2%
|
26 389
+2%
|
27 053
+3%
|
27 518
+2%
|
28 075
+2%
|
28 556
+2%
|
29 128
+2%
|
29 771
+2%
|
30 430
+2%
|
31 028
+2%
|
31 457
+1%
|
31 797
+1%
|
31 889
+0%
|
32 292
+1%
|
32 862
+2%
|
33 172
+1%
|
|
| Gross Profit | ||||||||||||||||||||||||||||||||||||||||||||||
| Cost of Revenue |
(3 807)
|
(3 937)
|
(4 132)
|
(4 327)
|
(4 529)
|
(4 804)
|
(5 060)
|
(5 317)
|
(5 701)
|
(6 002)
|
(6 326)
|
(6 711)
|
(6 794)
|
(7 121)
|
(7 467)
|
(7 684)
|
(8 337)
|
(8 684)
|
(8 975)
|
(9 378)
|
(9 785)
|
(10 236)
|
(10 598)
|
(10 982)
|
(11 453)
|
(11 790)
|
(12 298)
|
(12 819)
|
(13 450)
|
(14 104)
|
(14 918)
|
(15 446)
|
(15 865)
|
(16 358)
|
(16 761)
|
(17 420)
|
(17 986)
|
(18 465)
|
(18 747)
|
(18 844)
|
(18 907)
|
(18 688)
|
(18 832)
|
(19 205)
|
(19 411)
|
|
| Gross Profit |
4 218
N/A
|
4 351
+3%
|
4 470
+3%
|
4 558
+2%
|
4 719
+4%
|
4 851
+3%
|
4 948
+2%
|
5 100
+3%
|
5 141
+1%
|
5 271
+3%
|
5 433
+3%
|
5 620
+3%
|
6 300
+12%
|
6 683
+6%
|
7 058
+6%
|
7 285
+3%
|
7 114
-2%
|
7 210
+1%
|
7 367
+2%
|
7 659
+4%
|
7 987
+4%
|
8 026
+0%
|
8 620
+7%
|
9 317
+8%
|
10 001
+7%
|
11 079
+11%
|
11 548
+4%
|
11 750
+2%
|
11 921
+1%
|
11 717
-2%
|
11 471
-2%
|
11 607
+1%
|
11 653
+0%
|
11 717
+1%
|
11 795
+1%
|
11 708
-1%
|
11 785
+1%
|
11 965
+2%
|
12 281
+3%
|
12 613
+3%
|
12 890
+2%
|
13 201
+2%
|
13 460
+2%
|
13 657
+1%
|
13 761
+1%
|
|
| Operating Income | ||||||||||||||||||||||||||||||||||||||||||||||
| Operating Expenses |
(2 950)
|
(3 031)
|
(3 081)
|
(3 111)
|
(3 210)
|
(3 305)
|
(3 430)
|
(3 564)
|
(3 555)
|
(3 621)
|
(3 724)
|
(3 836)
|
(4 011)
|
(4 208)
|
(4 325)
|
(4 457)
|
(4 611)
|
(4 803)
|
(4 945)
|
(5 058)
|
(5 197)
|
(5 400)
|
(5 699)
|
(6 097)
|
(6 573)
|
(6 978)
|
(7 317)
|
(7 471)
|
(7 597)
|
(7 746)
|
(7 774)
|
(7 780)
|
(7 609)
|
(7 257)
|
(7 032)
|
(6 912)
|
(6 841)
|
(6 804)
|
(6 839)
|
(6 924)
|
(7 127)
|
(7 222)
|
(7 299)
|
(7 361)
|
(7 365)
|
|
| Selling, General & Administrative |
(1 687)
|
(1 731)
|
(1 736)
|
(1 744)
|
(1 810)
|
(1 901)
|
(2 033)
|
(2 182)
|
(1 997)
|
(2 070)
|
(2 127)
|
(2 176)
|
(2 283)
|
(2 410)
|
(2 522)
|
(2 628)
|
(2 764)
|
(2 888)
|
(2 982)
|
(3 019)
|
(3 112)
|
(3 221)
|
(3 372)
|
(3 629)
|
(3 931)
|
(4 200)
|
(4 424)
|
(4 497)
|
(4 559)
|
(4 634)
|
(4 593)
|
(4 553)
|
(4 356)
|
(4 098)
|
(3 945)
|
(3 887)
|
(3 868)
|
(3 810)
|
(3 870)
|
(3 948)
|
(4 148)
|
(4 254)
|
(4 282)
|
(4 289)
|
(4 262)
|
|
| Research & Development |
(747)
|
(773)
|
(793)
|
(791)
|
(792)
|
(763)
|
(731)
|
(716)
|
(834)
|
(853)
|
(876)
|
(901)
|
(953)
|
(997)
|
(1 020)
|
(1 049)
|
(1 071)
|
(1 324)
|
(1 552)
|
(1 816)
|
(1 520)
|
(2 179)
|
(2 327)
|
(2 468)
|
(1 929)
|
(2 778)
|
(2 893)
|
(2 974)
|
(2 115)
|
(3 112)
|
(3 181)
|
(3 227)
|
(2 212)
|
(3 159)
|
(3 087)
|
(3 025)
|
(2 212)
|
(2 994)
|
(2 969)
|
(2 976)
|
(2 979)
|
(2 968)
|
(3 017)
|
(3 072)
|
(3 103)
|
|
| Depreciation & Amortization |
(516)
|
(527)
|
(552)
|
(576)
|
(608)
|
(641)
|
(666)
|
(666)
|
(724)
|
(698)
|
(721)
|
(759)
|
(775)
|
(801)
|
(783)
|
(780)
|
(776)
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
|
| Other Operating Expenses |
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
(591)
|
(411)
|
(223)
|
(565)
|
0
|
0
|
0
|
(713)
|
0
|
0
|
0
|
(923)
|
0
|
0
|
0
|
(1 041)
|
0
|
0
|
0
|
(761)
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
|
| Operating Income |
1 268
N/A
|
1 320
+4%
|
1 389
+5%
|
1 447
+4%
|
1 509
+4%
|
1 546
+2%
|
1 518
-2%
|
1 536
+1%
|
1 586
+3%
|
1 650
+4%
|
1 709
+4%
|
1 784
+4%
|
2 289
+28%
|
2 475
+8%
|
2 733
+10%
|
2 828
+3%
|
2 503
-11%
|
2 407
-4%
|
2 422
+1%
|
2 601
+7%
|
2 790
+7%
|
2 626
-6%
|
2 921
+11%
|
3 220
+10%
|
3 428
+6%
|
4 101
+20%
|
4 231
+3%
|
4 279
+1%
|
4 324
+1%
|
3 971
-8%
|
3 697
-7%
|
3 827
+4%
|
4 044
+6%
|
4 460
+10%
|
4 763
+7%
|
4 796
+1%
|
4 944
+3%
|
5 161
+4%
|
5 442
+5%
|
5 689
+5%
|
5 763
+1%
|
5 979
+4%
|
6 161
+3%
|
6 296
+2%
|
6 396
+2%
|
|
| Pre-Tax Income | ||||||||||||||||||||||||||||||||||||||||||||||
| Interest Income Expense |
(2)
|
(9)
|
(16)
|
(1)
|
17
|
(3)
|
34
|
31
|
132
|
0
|
0
|
0
|
24
|
(44)
|
15
|
66
|
129
|
350
|
539
|
309
|
314
|
26
|
633
|
980
|
1 793
|
1 758
|
1 142
|
1 104
|
(129)
|
4
|
(949)
|
(623)
|
(434)
|
(335)
|
541
|
147
|
334
|
296
|
200
|
44
|
(5)
|
54
|
20
|
130
|
0
|
|
| Non-Reccuring Items |
0
|
(48)
|
(49)
|
(49)
|
(48)
|
0
|
1
|
1
|
0
|
(40)
|
(40)
|
(40)
|
(162)
|
(245)
|
(361)
|
(389)
|
(309)
|
(229)
|
(111)
|
(83)
|
(71)
|
(27)
|
(76)
|
(95)
|
(139)
|
(168)
|
(122)
|
(104)
|
(62)
|
(40)
|
(129)
|
(184)
|
(207)
|
(335)
|
(269)
|
(252)
|
84
|
36
|
(53)
|
(77)
|
(438)
|
(292)
|
(295)
|
(301)
|
(331)
|
|
| Total Other Income |
(5)
|
7
|
19
|
20
|
10
|
46
|
17
|
12
|
(87)
|
37
|
45
|
61
|
49
|
124
|
85
|
49
|
53
|
17
|
29
|
3
|
(35)
|
(81)
|
(78)
|
(45)
|
(17)
|
(17)
|
(20)
|
(27)
|
(34)
|
(79)
|
(70)
|
(58)
|
(37)
|
21
|
30
|
37
|
49
|
53
|
53
|
56
|
9
|
(18)
|
(33)
|
(50)
|
227
|
|
| Pre-Tax Income |
1 261
N/A
|
1 270
+1%
|
1 343
+6%
|
1 417
+6%
|
1 488
+5%
|
1 589
+7%
|
1 570
-1%
|
1 580
+1%
|
1 631
+3%
|
1 647
+1%
|
1 714
+4%
|
1 805
+5%
|
2 200
+22%
|
2 310
+5%
|
2 472
+7%
|
2 554
+3%
|
2 376
-7%
|
2 545
+7%
|
2 879
+13%
|
2 830
-2%
|
2 998
+6%
|
2 544
-15%
|
3 400
+34%
|
4 060
+19%
|
5 065
+25%
|
5 674
+12%
|
5 231
-8%
|
5 252
+0%
|
4 099
-22%
|
3 856
-6%
|
2 549
-34%
|
2 962
+16%
|
3 366
+14%
|
3 811
+13%
|
5 065
+33%
|
4 728
-7%
|
5 411
+14%
|
5 546
+2%
|
5 642
+2%
|
5 712
+1%
|
5 329
-7%
|
5 723
+7%
|
5 853
+2%
|
6 075
+4%
|
6 292
+4%
|
|
| Net Income | ||||||||||||||||||||||||||||||||||||||||||||||
| Tax Provision |
(842)
|
(214)
|
(263)
|
(270)
|
(260)
|
(251)
|
(214)
|
(202)
|
(230)
|
(227)
|
(206)
|
(240)
|
(225)
|
(205)
|
(220)
|
(243)
|
(299)
|
(315)
|
(384)
|
(312)
|
(539)
|
(668)
|
(817)
|
(918)
|
(863)
|
(459)
|
(362)
|
(317)
|
70
|
(275)
|
(493)
|
(663)
|
(947)
|
(1 106)
|
(990)
|
(963)
|
(1 165)
|
(1 207)
|
(1 204)
|
(1 284)
|
(1 182)
|
(1 177)
|
(1 174)
|
(1 158)
|
(1 059)
|
|
| Income from Continuing Operations |
419
|
1 056
|
1 080
|
1 147
|
1 228
|
1 338
|
1 356
|
1 378
|
1 401
|
1 420
|
1 508
|
1 565
|
1 975
|
2 105
|
2 252
|
2 311
|
2 077
|
2 230
|
2 495
|
2 518
|
2 459
|
1 876
|
2 583
|
3 142
|
4 202
|
5 215
|
4 869
|
4 935
|
4 169
|
3 581
|
2 056
|
2 299
|
2 419
|
2 705
|
4 075
|
3 765
|
4 246
|
4 339
|
4 438
|
4 428
|
4 147
|
4 546
|
4 679
|
4 917
|
5 233
|
|
| Net Income (Common) |
419
N/A
|
1 056
+152%
|
1 080
+2%
|
1 147
+6%
|
1 228
+7%
|
1 338
+9%
|
1 356
+1%
|
1 378
+2%
|
1 401
+2%
|
1 420
+1%
|
1 508
+6%
|
1 565
+4%
|
1 795
+15%
|
1 922
+7%
|
2 037
+6%
|
2 093
+3%
|
2 057
-2%
|
2 213
+8%
|
2 510
+13%
|
2 536
+1%
|
2 459
-3%
|
1 876
-24%
|
2 583
+38%
|
3 142
+22%
|
4 202
+34%
|
5 215
+24%
|
4 869
-7%
|
4 935
+1%
|
4 169
-16%
|
3 581
-14%
|
2 056
-43%
|
2 299
+12%
|
2 419
+5%
|
2 705
+12%
|
4 075
+51%
|
3 765
-8%
|
4 246
+13%
|
4 339
+2%
|
4 438
+2%
|
4 428
0%
|
4 147
-6%
|
4 546
+10%
|
4 679
+3%
|
4 917
+5%
|
5 233
+6%
|
|
| EPS (Diluted) |
0.34
N/A
|
0.87
+156%
|
0.89
+2%
|
0.95
+7%
|
1
+5%
|
1.1
+10%
|
1.12
+2%
|
1.14
+2%
|
1.15
+1%
|
1.18
+3%
|
1.25
+6%
|
1.29
+3%
|
1.47
+14%
|
1.57
+7%
|
1.69
+8%
|
1.74
+3%
|
1.7
-2%
|
1.86
+9%
|
2.11
+13%
|
2.13
+1%
|
2.07
-3%
|
1.58
-24%
|
2.18
+38%
|
2.65
+22%
|
3.54
+34%
|
4.39
+24%
|
4.1
-7%
|
4.16
+1%
|
3.52
-15%
|
3.05
-13%
|
1.77
-42%
|
1.97
+11%
|
2.09
+6%
|
2.37
+13%
|
3.65
+54%
|
3.42
-6%
|
3.84
+12%
|
4.04
+5%
|
4.23
+5%
|
4.32
+2%
|
3.99
-8%
|
4.55
+14%
|
4.78
+5%
|
5.12
+7%
|
5.41
+6%
|
|