Balance Sheet PayPal Holdings, Inc.

Stocks

PYPL

US70450Y1038

Business Support Services

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02:02pm	How PayPal went from Wall Street favorite to unwilling merger target	RE
09:24am	Press Digest-Wall Street Journal - July 20	RE

52339e6e5e36cc2caace51439cb.Wv7Xl3KiUfeBiih_qBNqA9LKZt6wtlxwda9a0Te2LFA.YqyA-kGWIM_F2EcQ0GlfbOb-NJiFwwMpHsQ8omTYVQYgi73BIMcfvLLwWw

Published financial data: PAYPAL HOLDINGS, INC.

Annual

Quarterly

Halfyear

YTD

LTM

Fiscal Period: December	2021	2022	2023	2024	2025
Revenues	25.37B	27.52B	29.77B	31.8B	33.17B
Total Revenues	25.37B	27.52B	29.77B	31.8B	33.17B
Cost of Goods Sold, Total	13.45B	15.86B	17.99B	18.91B	19.41B
Gross Profit	11.92B	11.65B	11.78B	12.89B	13.76B
Selling General & Admin Expenses, Total	4.56B	4.36B	3.87B	4.15B	4.26B
Stock-Based Compensation (IS)	-	-	-	-	-
R&D Expenses	3.04B	3.25B	2.97B	2.98B	3.1B
Depreciation & Amortization - (IS)	-	-	-	-	-
Other Operating Expenses	9M	5M	89M	131M	193M
Other Operating Expenses, Total	7.61B	7.61B	6.93B	7.26B	7.56B
Operating Income	4.32B	4.04B	4.86B	5.63B	6.2B
Interest Expense, Total	-232M	-304M	-347M	-382M	-441M
Interest And Investment Income	57M	174M	480M	662M	517M
Net Interest Expenses	-175M	-130M	133M	280M	76M
Currency Exchange Gains (Loss)	144M	202M	-163M	178M	-216M
Other Non Operating Income (Expenses)	-83M	84M	155M	-140M	119M
EBT, Excl. Unusual Items	4.2B	4.2B	4.98B	5.95B	6.18B
Restructuring Charges	-27M	-121M	-122M	-307M	-138M
Gain (Loss) On Sale Of Investments	-49M	-627M	258M	-314M	248M
Gain (Loss) On Sale Of Assets	-	-	356M	-	-
Asset Writedown	-26M	-81M	-61M	-	-
Other Unusual Items	-	-	-	-	-
EBT, Incl. Unusual Items	4.1B	3.37B	5.41B	5.33B	6.29B
Income Tax Expense	-70M	947M	1.16B	1.18B	1.06B
Earnings From Continuing Operations	4.17B	2.42B	4.25B	4.15B	5.23B
Net Income to Company	4.17B	2.42B	4.25B	4.15B	5.23B
Net Income - (IS)	4.17B	2.42B	4.25B	4.15B	5.23B
Net Income to Common Incl Extra Items	4.17B	2.42B	4.25B	4.15B	5.23B
Net Income to Common Excl. Extra Items	4.17B	2.42B	4.25B	4.15B	5.23B
Per Share Items
Net EPS - Basic	3.55	2.1	3.85	4.03	5.46
Basic EPS - Continuing Operations	3.55	2.1	3.85	4.03	5.46
Basic Weighted Average Shares Outstanding	1.17B	1.15B	1.1B	1.03B	959M
Net EPS - Diluted	3.52	2.09	3.84	3.99	5.41
Diluted EPS - Continuing Operations	3.52	2.09	3.84	3.99	5.41
Diluted Weighted Average Shares Outstanding	1.19B	1.16B	1.11B	1.04B	968M
Normalized Basic EPS	2.24	2.27	2.82	3.61	4.03
Normalized Diluted EPS	2.21	2.26	2.81	3.58	3.99
Dividend Per Share	-	-	-	-	0.28
Payout Ratio	-	-	-	-	2.48
American Depositary Receipts Ratio (ADR)	0.05	0.05	0.05	0.05	0.05
Supplemental Items
EBITDA	5.21B	4.93B	5.44B	6.17B	6.65B
EBITA	4.76B	4.51B	5.08B	5.84B	6.38B
EBIT	4.32B	4.04B	4.86B	5.63B	6.2B
EBITDAR	5.4B	5.12B	5.62B	6.31B	6.8B
Effective Tax Rate - (Ratio)	-1.71	28.13	21.53	22.18	16.83
Current Domestic Taxes	86M	792M	1.18B	449M	-51M
Current Foreign Taxes	326M	966M	657M	502M	893M
Total Current Taxes	412M	1.76B	1.83B	951M	842M
Deferred Domestic Taxes	-446M	-664M	-569M	249M	280M
Deferred Foreign Taxes	-36M	-147M	-99M	-18M	-63M
Total Deferred Taxes	-482M	-811M	-668M	231M	217M
Normalized Net Income	2.63B	2.62B	3.11B	3.72B	3.86B
Interest on Long-Term Debt	224M	290M	334M	366M	421M
Supplemental Operating Expense Items
Advertising Expense	740M	518M	364M	574M	867M
Selling and Marketing Expenses	2.44B	2.26B	1.81B	2B	2.28B
General and Administrative Expenses	2.11B	2.1B	2.06B	2.15B	1.98B
Research And Development Expense From Footnotes	3.04B	3.25B	2.97B	2.98B	3.1B
Net Rental Expense, Total	184M	194M	174M	147M	154M
Imputed Operating Lease Interest Expense	34.96M	44.17M	41.29M	37.91M	44.99M
Imputed Operating Lease Depreciation	149M	150M	133M	109M	109M
Stock-Based Comp., COGS (Total)	263M	269M	305M	233M	204M
Stock-Based Comp., R&D Exp. (Total)	515M	512M	612M	478M	489M
Stock-Based Comp., S&M Exp. (Total)	175M	151M	179M	143M	125M
Stock-Based Comp., G&A Exp. (Total)	468M	383M	434M	339M	266M
Stock-Based Comp., Other (Total)	-	-	-	100M	-
Total Stock-Based Compensation	1.42B	1.32B	1.53B	1.29B	1.08B

Fiscal Period: December	2021	2022	2023	2024	2025
Assets
Cash And Equivalents	5.2B	7.78B	9.08B	6.56B	8.05B
Short Term Investments	4.3B	3.09B	4.98B	4.26B	2.37B
Total Cash And Short Term Investments	9.5B	10.87B	14.06B	10.82B	10.42B
Accounts Receivable, Total	800M	963M	1.07B	984M	840M
Other Receivables	36M	65M	101M	140M	101M
Notes Receivable	4.85B	7.43B	5.43B	6.42B	6.75B
Total Receivables	5.68B	8.46B	6.6B	7.55B	7.69B
Prepaid Expenses	963M	1.58B	1.02B	1.38B	1.55B
Loans Held For Sale	-	-	563M	541M	1.73B
Restricted Cash	5M	24M	-	-	-
Other Current Assets, Total	36.42B	36.59B	40.32B	40.81B	38.37B
Total Current Assets	52.57B	57.52B	62.57B	61.09B	59.76B
Gross Property Plant And Equipment	8.25B	8.69B	8.83B	9.66B	10.41B
Accumulated Depreciation	-5.68B	-6.38B	-6.95B	-7.48B	-8.11B
Net Property Plant And Equipment	2.57B	2.3B	1.88B	2.18B	2.3B
Long-term Investments	6.8B	5.02B	3.27B	4.58B	4.33B
Goodwill	11.45B	11.21B	11.03B	10.84B	10.86B
Other Intangibles, Total	1.33B	788M	537M	326M	208M
Accounts Receivable Long-Term	-	-	-	207M	238M
Deferred Tax Assets Long-Term	547M	1.31B	-	-	-
Other Long-Term Assets, Total	531M	571M	2.88B	2.39B	2.48B
Total Assets	75.8B	78.72B	82.17B	81.61B	80.17B
Liabilities
Accounts Payable, Total	197M	126M	139M	227M	240M
Accrued Expenses, Total	2.15B	3.05B	3.2B	6.86B	3.96B
Short-term Borrowings	-	-	359M	-	200M
Current Portion of Long-Term Debt	999M	418M	1.25B	1.19B	1.4B
Current Portion of Leases	142M	151M	144M	140M	155M
Current Income Taxes Payable	236M	813M	-	-	-
Other Current Liabilities	39.3B	40.54B	43.38B	39.96B	40.49B
Total Current Liabilities	43.03B	45.1B	48.47B	48.38B	46.44B
Long-Term Debt	8.05B	10.42B	9.68B	9.88B	9.99B
Long-Term Leases	620M	569M	416M	647M	558M
Deferred Tax Liability Non Current	186M	25M	-	-	-
Other Non Current Liabilities	2.19B	2.33B	2.56B	2.29B	2.93B
Total Liabilities	54.08B	58.44B	61.12B	61.19B	59.92B
Additional Paid In Capital	17.21B	18.33B	19.64B	20.7B	21.58B
Retained Earnings	16.54B	18.95B	23.2B	27.35B	32.47B
Treasury Stock	-11.88B	-16.08B	-21.04B	-27.08B	-33.14B
Comprehensive Income and Other	-136M	-928M	-746M	-550M	-658M
Total Common Equity	21.73B	20.27B	21.05B	20.42B	20.26B
Minority Interest	-	-	-	-	-
Total Equity	21.73B	20.27B	21.05B	20.42B	20.26B
Total Liabilities And Equity	75.8B	78.72B	82.17B	81.61B	80.17B
Supplemental Items
ECS Total Shares Outstanding on Filing Date	1.17B	1.13B	1.07B	989M	921M
ECS Total Common Shares Outstanding	1.17B	1.14B	1.07B	993M	920M
Book Value / Share	18.6	17.85	19.64	20.56	22.02
Tangible Book Value	8.94B	8.28B	9.49B	9.25B	9.18B
Tangible Book Value Per Share	7.65	7.29	8.85	9.32	9.98
Total Debt	9.81B	11.56B	11.84B	11.86B	12.3B
Net Debt	310M	687M	-2.22B	1.03B	1.87B
Debt Equivalent Oper. Leases	1.47B	1.55B	1.39B	1.18B	1.23B
Minority Interest, Total (Incl. Fin. Div)	-	-	-	-	-
Equity Method Investments, Total	-	-	-	-	202M
Account Code - Inventory Valuation	3	3	3	3	3
Land - (BS)	380M	388M	333M	337M	340M
Machinery, Total	3.44B	3.52B	3.5B	3.49B	3.72B
Full Time Employees	30.9K	29.9K	27.2K	24.4K	23.8K

Fiscal Period: December	2021	2022	2023	2024	2025
Net Income	4.17B	2.42B	4.25B	4.15B	5.23B
Depreciation & Amortization - CF	456M	420M	364M	327M	273M
Amortization of Goodwill and Intangible Assets - (CF)	443M	471M	226M	207M	173M
Depreciation & Amortization, Total	899M	891M	590M	534M	446M
Amortization of Deferred Charges, Total - (CF)	366M	426M	482M	498M	517M
(Gain) Loss From Sale Of Asset	-	-	-303M	125M	193M
(Gain) Loss on Sale of Investments - (CF)	-46M	304M	-568M	-50M	-245M
Asset Writedown & Restructuring Costs	-	-	-	-	-
Net (Increase) Decrease in Loans Originated / Sold - Operating	-	-	-675M	-146M	-1.32B
Provision for Credit Losses	-	-	-	-	-
Stock-Based Compensation (CF)	1.38B	1.26B	1.48B	1.23B	1B
Tax Benefit from Stock Options	-	-	-	-	-
Other Operating Activities, Total	678M	966M	910M	1.67B	1.65B
Change In Accounts Receivable	-222M	-163M	-114M	85M	144M
Change In Accounts Payable	-31M	-35M	7M	83M	4M
Change In Income Taxes	73M	373M	-	-	-
Change in Other Net Operating Assets	-922M	-629M	-1.21B	-726M	-1.21B
Cash from Operations	6.34B	5.81B	4.84B	7.45B	6.42B
Capital Expenditure	-908M	-706M	-623M	-683M	-852M
Sale of Property, Plant, and Equipment	5M	5M	45M	1M	3M
Cash Acquisitions	-2.76B	-	-	-	-
Divestitures	-	-	466M	-	-
Investment in Marketable and Equity Securities, Total	-418M	3.19B	2.32B	753M	2.53B
Net (Increase) Decrease in Loans Originated / Sold - Investing	-1.59B	-3.27B	1.46B	-1.54B	-502M
Other Investing Activities, Total	193M	-2.64B	-2.91B	3.05B	-386M
Cash from Investing	-5.48B	-3.42B	752M	1.59B	797M
Short Term Debt Issued, Total	-	-	-	656M	2.95B
Long-Term Debt Issued, Total	272M	3.48B	1.53B	1.55B	2.64B
Total Debt Issued	272M	3.48B	1.53B	2.2B	5.59B
Short Term Debt Repaid, Total	-	-	-	-656M	-2.95B
Long-Term Debt Repaid, Total	-361M	-1.69B	-1.05B	-1.66B	-2.16B
Total Debt Repaid	-361M	-1.69B	-1.05B	-2.32B	-5.1B
Issuance of Common Stock	162M	143M	127M	95M	117M
Repurchase of Common Stock	-4.41B	-4.54B	-5.26B	-6.4B	-6.44B
Common Dividends Paid	-	-	-	-	-130M
Common & Preferred Stock Dividends Paid	-	-	-	-	-130M
Other Financing Activities, Total	3.57B	1.49B	1.66B	-1.86B	8M
Cash from Financing	-764M	-1.11B	-2.99B	-8.28B	-5.96B
Foreign Exchange Rate Adjustments	-102M	-155M	76M	-207M	273M
Net Change in Cash	-11M	1.13B	2.68B	556M	1.53B
Supplemental Items
Cash Interest Paid	231M	280M	331M	366M	406M
Cash Income Tax Paid (Refund)	474M	878M	2.12B	1.03B	1.1B
Levered Free Cash Flow	2.75B	3.33B	5.12B	3.49B	3.27B
Unlevered Free Cash Flow	2.9B	3.52B	5.34B	3.73B	3.55B
Change In Net Working Capital	1.58B	931M	-322M	1.43B	1.52B
Net Debt Issued / Repaid	-89M	1.79B	475M	-115M	482M

Fiscal Period: December	2021	2022	2023	2024	2025
Profitability
Return on Assets	3.69	3.27	3.77	4.3	4.88
Return on Total Capital	8.8	7.97	9.38	10.8	11.96
Return On Equity %	19.95	11.52	20.55	20	25.73
Return on Common Equity	19.97	11.52	20.55	20	25.73
Margin Analysis
Gross Profit Margin %	46.99	42.35	39.59	40.54	41.48
SG&A Margin	17.97	15.83	12.99	13.05	12.85
EBITDA Margin %	20.55	17.92	18.29	19.39	20.04
EBITA Margin %	18.75	16.39	17.07	18.36	19.22
EBIT Margin %	17.01	14.68	16.31	17.71	18.7
Income From Continuing Operations Margin %	16.43	8.79	14.26	13.04	15.78
Net Income Margin %	16.43	8.79	14.26	13.04	15.78
Net Avail. For Common Margin %	16.43	8.79	14.26	13.04	15.78
Normalized Net Income Margin	10.35	9.53	10.45	11.7	11.65
Levered Free Cash Flow Margin	10.85	12.1	17.19	10.99	9.87
Unlevered Free Cash Flow Margin	11.42	12.79	17.92	11.74	10.7
Asset Turnover
Asset Turnover	0.35	0.36	0.37	0.39	0.42
Fixed Assets Turnover	9.98	11.3	14.24	15.67	14.83
Receivables Turnover (Average Receivables)	36.85	31.22	29.3	30.98	36.37
Short Term Liquidity
Current Ratio	1.22	1.28	1.29	1.26	1.29
Quick Ratio	0.24	0.26	0.31	0.25	0.24
Operating Cash Flow to Current Liabilities	0.15	0.13	0.1	0.15	0.14
Days Sales Outstanding (Average Receivables)	9.91	11.69	12.46	11.82	10.03
Average Days Payable Outstanding	6.09	3.72	2.69	3.54	4.39
Long Term Solvency
Total Debt/Equity	45.15	56.99	56.26	58.07	60.7
Total Debt / Total Capital	31.11	36.3	36.01	36.74	37.77
LT Debt/Equity	39.9	54.19	47.94	51.56	52.06
Long-Term Debt / Total Capital	27.49	34.52	30.68	32.61	32.39
Total Liabilities / Total Assets	71.34	74.24	74.38	74.98	74.73
EBIT / Interest Expense	18.6	13.29	13.99	14.74	14.07
EBITDA / Interest Expense	23.27	16.86	16.19	16.53	15.43
(EBITDA - Capex) / Interest Expense	19.35	14.53	14.4	14.74	13.49
Total Debt / EBITDA	1.82	2.26	2.11	1.88	1.81
Net Debt / EBITDA	0.06	0.13	-0.39	0.16	0.28
Total Debt / (EBITDA - Capex)	2.18	2.62	2.37	2.11	2.07
Net Debt / (EBITDA - Capex)	0.07	0.16	-0.44	0.18	0.31
Growth Over Prior Year
Total Revenues, 1 Yr. Growth %	18.26	8.46	8.19	6.81	4.32
Gross Profit, 1 Yr. Growth %	19.2	-2.25	1.13	9.38	6.76
EBITDA, 1 Yr. Growth %	21.4	-5.45	10.45	13.3	7.83
EBITA, 1 Yr. Growth %	22.66	-5.21	12.66	14.99	9.2
EBIT, 1 Yr. Growth %	25.88	-6.4	20.2	16.08	10.14
Earnings From Cont. Operations, 1 Yr. Growth %	-0.79	-41.98	75.53	-2.33	26.19
Net Income, 1 Yr. Growth %	-0.79	-41.98	75.53	-2.33	26.19
Normalized Net Income, 1 Yr. Growth %	31.78	-0.14	18.71	19.55	3.9
Diluted EPS Before Extra, 1 Yr. Growth %	-0.56	-40.62	83.73	3.91	35.59
Accounts Receivable, 1 Yr. Growth %	38.65	20.38	11.01	-7.95	-14.63
Net Property, Plant and Equip., 1 Yr. Growth %	2.15	-10.28	-18.49	16.08	5.28
Total Assets, 1 Yr. Growth %	7.71	3.84	4.5	-0.68	1.84
Tangible Book Value, 1 Yr. Growth %	-9.1	-7.43	14.63	-2.47	-0.76
Common Equity, 1 Yr. Growth %	8.53	-6.69	3.83	-3.01	-0.79
Cash From Operations, 1 Yr. Growth %	8.3	0.28	-16.69	53.83	-13.88
Capital Expenditures, 1 Yr. Growth %	4.85	-22.25	-11.76	9.63	24.74
Levered Free Cash Flow, 1 Yr. Growth %	-45.55	20.94	53.74	-31.71	-8.93
Unlevered Free Cash Flow, 1 Yr. Growth %	-44.13	21.45	51.6	-30.01	-7.41
Compound Annual Growth Rate Over Two Years
Total Revenues, 2 Yr. CAGR %	19.48	13.25	8.32	7.49	5.56
Gross Profit, 2 Yr. CAGR %	22.17	7.94	-0.57	5.17	8.06
EBITDA, 2 Yr. CAGR %	23.64	7.14	2.19	11.84	10.53
EBITA, 2 Yr. CAGR %	25.77	7.83	3.34	13.78	12.05
EBIT, 2 Yr. CAGR %	24.21	8.55	6.07	18.08	13.07
Earnings From Cont. Operations, 2 Yr. CAGR %	30.21	-24.13	0.92	30.93	11.02
Net Income, 2 Yr. CAGR %	30.21	-24.13	0.92	30.93	11.02
Normalized Net Income, 2 Yr. CAGR %	21.03	11.84	10.62	21.27	11.3
Diluted EPS Before Extra, 2 Yr. CAGR %	30.4	-23.16	4.45	38.17	18.7
Accounts Receivable, 2 Yr. CAGR %	35.61	29.19	15.6	1.08	-11.36
Net Property, Plant and Equip., 2 Yr. CAGR %	8.73	-4.27	-14.48	-2.73	10.55
Total Assets, 2 Yr. CAGR %	21.52	5.76	4.11	1.88	-1.22
Tangible Book Value, 2 Yr. CAGR %	-4.94	-8.27	3.01	5.74	-1.62
Common Equity, 2 Yr. CAGR %	13.44	0.63	-1.57	0.35	-1.91
Cash From Operations, 2 Yr. CAGR %	24.79	-3.32	-8.6	13.21	15.1
Capital Expenditures, 2 Yr. CAGR %	13.57	-9.71	-17.17	-1.64	16.94
Levered Free Cash Flow, 2 Yr. CAGR %	18.41	-18.85	36.36	2.45	-20
Unlevered Free Cash Flow, 2 Yr. CAGR %	19.33	-17.62	35.69	2.99	-18.42
Compound Annual Growth Rate Over Three Years
Total Revenues, 3 Yr. CAGR %	17.98	15.69	11.54	7.82	6.43
Gross Profit, 3 Yr. CAGR %	18.36	13.42	5.62	2.64	5.7
EBITDA, 3 Yr. CAGR %	24.03	13.06	8.23	5.75	10.48
EBITA, 3 Yr. CAGR %	26.19	14.45	9.41	7.06	12.23
EBIT, 3 Yr. CAGR %	24.82	13.03	12.3	9.28	15.37
Earnings From Cont. Operations, 3 Yr. CAGR %	26.55	-0.55	0.35	-0.18	29.33
Net Income, 3 Yr. CAGR %	26.55	-0.55	0.35	-0.18	29.33
Normalized Net Income, 3 Yr. CAGR %	21.99	13.51	14.08	13.49	15.18
Diluted EPS Before Extra, 3 Yr. CAGR %	27.21	0.32	2.75	4.27	37.3
Accounts Receivable, 3 Yr. CAGR %	36.73	30.33	22.82	7.14	-4.45
Net Property, Plant and Equip., 3 Yr. CAGR %	14.21	1.99	-9.26	-5.31	-0.13
Total Assets, 3 Yr. CAGR %	20.49	15.32	5.3	2.49	0.65
Tangible Book Value, 3 Yr. CAGR %	2.61	-5.78	-1.19	1.15	3.53
Common Equity, 3 Yr. CAGR %	12.19	6.29	1.69	-2.05	-0.03
Cash From Operations, 3 Yr. CAGR %	4.98	12.61	-8	8.72	3.34
Capital Expenditures, 3 Yr. CAGR %	3.33	0.09	-10.4	-9.06	6.47
Levered Free Cash Flow, 3 Yr. CAGR %	-27.76	19.25	0.41	8.27	-0.56
Unlevered Free Cash Flow, 3 Yr. CAGR %	-26.67	20.03	0.95	8.81	0.29
Compound Annual Growth Rate Over Five Years
Total Revenues, 5 Yr. CAGR %	18.53	16.01	14.02	12.34	9.11
Gross Profit, 5 Yr. CAGR %	18.32	12.74	10.39	10.05	6.59
EBITDA, 5 Yr. CAGR %	19.92	12.71	14.78	12.57	9.13
EBITA, 5 Yr. CAGR %	22.34	14.19	16.5	14.19	10.45
EBIT, 5 Yr. CAGR %	22.16	12.95	16.95	15.03	12.59
Earnings From Cont. Operations, 5 Yr. CAGR %	24.37	6.15	15.6	11.02	4.49
Net Income, 5 Yr. CAGR %	24.37	6.15	15.6	11.02	4.49
Normalized Net Income, 5 Yr. CAGR %	20.77	13.07	16.57	15.71	13.01
Diluted EPS Before Extra, 5 Yr. CAGR %	25.07	7.29	17.56	14.03	8.85
Accounts Receivable, 5 Yr. CAGR %	30.18	27.75	27.85	17.73	7.8
Net Property, Plant and Equip., 5 Yr. CAGR %	11.62	8.56	1.73	0.07	-1.81
Total Assets, 5 Yr. CAGR %	18.02	14.06	13.65	9.72	2.64
Tangible Book Value, 5 Yr. CAGR %	-3.06	-6.34	2.77	-1.33	-1.36
Common Equity, 5 Yr. CAGR %	8.11	4.86	6.47	3.87	0.24
Cash From Operations, 5 Yr. CAGR %	14.96	18.09	-2.44	12.85	0.63
Capital Expenditures, 5 Yr. CAGR %	6.3	1.14	-5.42	-0.6	-0.33
Levered Free Cash Flow, 5 Yr. CAGR %	17.51	26.85	-6.86	12.22	-8.32
Unlevered Free Cash Flow, 5 Yr. CAGR %	18.69	28.15	-6.21	12.9	-7.3