PayPal
Connects digital wallets to checkout, merchant processing, transfers, payouts, and credit.
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Profile
Provides consumer wallets, branded checkout, unbranded merchant processing, transfers, payouts, credit, and crypto services through PayPal, Venmo, and Braintree. Revenue comes mainly from transaction fees, while the two-sided network spans consumers and merchants across online and in-person commerce.
Connects consumers and merchants through PayPal and Venmo wallets, branded checkout, Braintree processing, and in-person payment tools. Xoom handles international transfers, Hyperwallet supports payouts, while PayPal Credit, buy-now-pay-later products, and Paidy extend consumer and merchant financing.
Organizes work around Checkout Solutions & PayPal, Consumer Financial Services & Venmo, and Payment Services & Crypto. Revenue comes mainly from transaction and payment-related fees, supplemented by currency conversion, instant transfers, credit, interest, partnerships, and gateway services. A two-sided network and integrated risk tools support checkout and fraud management across many markets.
Relies on banks, card networks, and other financial partners for funding, settlement, credit issuance, and payment-rail access. Operations require money-transmitter, credit-institution, and e-money licenses and compliance with payments, lending, anti-money-laundering, privacy, and consumer-protection rules across jurisdictions.
Company facts
Categories
Key statistics
Year to date −7.7% · Average volume (30d) 12.5M
Analysts
Ratings
Target range
Latest analyst notes
| Date | Firm | Action | Rating | Prior target | Target |
|---|---|---|---|---|---|
| Aug 28, 2026 | Loop Capital Markets | Reiterate | Hold | $110 | $50 |
| Aug 28, 2026 | Mizuho Securities | Target | $60 | $51 | |
| Aug 19, 2026 | Truist Financial | Target | $59 | $62 | |
| Aug 17, 2026 | Piper Sandler | Reiterate | Neutral | $42 | $59 |
| Aug 5, 2026 | Truist Financial | Target | $57 | $59 |
Earnings
EPS
Revenue
History
| Report date | EPS est | EPS | Surprise | Revenue est | Revenue | Surprise | Next session |
|---|---|---|---|---|---|---|---|
| Jul 28, 2026Q2 FY26 | $1.28 | $1.38 | +7.8% | $8.47B | $8.68B | +2.5% | +0.05% |
| May 5, 2026Q1 FY26 | $1.27 | $1.34 | +5.5% | $8.05B | $8.35B | +3.8% | −0.47% |
| Feb 3, 2026Q4 FY25 | $1.29 | $1.23 | −4.7% | $8.79B | $8.68B | −1.3% | −1.61% |
| Oct 28, 2025Q3 FY25 | $1.20 | $1.34 | +11.7% | $8.24B | $8.42B | +2.2% | −4.57% |
Financial highlights
| 12 quarters | Q1 FY25 | Q2 FY25 | Q3 FY25 | Q4 FY25 | Q1 FY26 | Q2 FY26 | |
|---|---|---|---|---|---|---|---|
| Revenue | $7.79B | $8.29B | $8.42B | $8.68B | $8.35B | $8.68B | |
| Gross profit | $3.72B | $3.84B | $3.87B | $4.03B | $3.81B | $3.90B | |
| Operating income | $1.53B | $1.50B | $1.52B | $1.51B | $1.49B | $1.89B | |
| Net income | $1.29B | $1.26B | $1.25B | $1.44B | $1.11B | $1.10B | |
| Diluted EPS | $1.29 | $1.29 | $1.30 | $1.53 | $1.21 | $1.25 | |
| Gross margin | 47.7% | 46.4% | 46.0% | 46.5% | 45.6% | 44.9% | |
| Operating margin | 19.6% | 18.1% | 18.1% | 17.4% | 17.8% | 21.8% |
Fiscal years (4-quarter sums)FY21 $25.37B · FY22 $27.52B · FY23 $29.77B · FY24 $31.80B · FY25 $33.17B
Revenue by product · Q2 FY26
Revenue by geography · Q2 FY26
Balance sheet, Jun 30, 2026Cash & short-term investments $11.26B · Total debt $14.22B · Total assets $82.74B · Shareholders' equity $19.82B
Dividends
To collect a payout, hold shares through the close before the ex-date.
History
| Ex-date | Record | Paid | Amount | Note |
|---|---|---|---|---|
| Jun 4, 2026 | Jun 4 | Jun 25 | $0.14 | |
| Mar 4, 2026 | Mar 4 | Mar 25 | $0.14 | |
| Nov 19, 2025 | Nov 19 | Dec 10 | $0.14 |
Ownership
Shares outstanding 855.46M · Float 854.49M · 99.9% free float
Top shareholders13F · 13D/G · Form 4
| Holder | Shares | % outstanding | Form | Filed |
|---|---|---|---|---|
| BlackRock, Inc. | 74.97M | 8.76% | 13F | Aug 7, 2026 |
| Vanguard Capital Management LLC | 53.62M | 6.27% | 13F | Aug 13, 2026 |
| State Street Corp | 41.23M | 4.82% | 13F | Aug 7, 2026 |
| Invesco Ltd. | 33.44M | 3.91% | 13F | Aug 14, 2026 |
| Geode Capital Management, LLC | 29.37M | 3.43% | 13F | Aug 12, 2026 |
Insider tradesForm 4
| Date | Insider | Role | Shares | Avg price |
|---|---|---|---|---|
| Aug 18, 2026 | Suzan Kereere | officer: President, Global Markets | −4,162 | $60.96 |
| Jul 29, 2026 | Frank Keller | officer: Pres., Checkout Sol. & PayPal | −732 | $58.10 |
| Jul 29, 2026 | Chris Natali | officer: SVP, Chief Accounting Officer | −1,337 | $58.10 |
| Jun 15, 2026 | Jamie S. Miller | officer: Chief Fin & Op Officer | +6,129 | $41.53 |
| Jun 3, 2026 | Frank Keller | officer: Pres., Checkout Sol. & PayPal | −4,612 | $42.54 |
Peers
- Block
Dual-sided rival: Cash App vs Venmo, Square vs Zettle, Afterpay vs Pay Later.
- Apple
Default NFC wallet on 60%+ of US iPhones; displaces the branded checkout button.
- Shopify
Shop Pay is the #1 accelerated checkout on Shopify; marginalizes PayPal there.
- Klarna
Global BNPL leader, 26% US share; battles Pay Later at Walmart and Shopify.
- Affirm
US BNPL leader; PayPal Mafia founder; contests Pay Later at Amazon and Shopify.
- Visa
Card network co-opetition; Visa Direct P2P erodes Venmo's instant transfer fees.
CompareAfter-hours close
| Company | Price | Change | |||||
|---|---|---|---|---|---|---|---|
| PayPal | $53.74 | +0.15% | $45.90B | 10.1 | 9.7 | 1.3 | +4.8% |
| Block | $83.54 | −0.05% | $49.74B | 149.2 | 18.3 | 2.0 | +9.3% |
| Apple | $320.07 | +0.15% | $4.70T | 36.6 | 34.7 | 10.1 | +16.4% |
| Shopify | $152.40 | −0.33% | $198.41B | 102.6 | 72.8 | 15.0 | +32.0% |
| Klarna | $14.33 | +1.06% | $5.36B | — | 106.9 | 1.3 | — |
| Affirm | $77.40 | −0.37% | $26.04B | 70.7 | 44.6 | 6.6 | +33.0% |
| Visa | $381.03 | −0.14% | $712.47B | 32.4 | 26.4 | 16.0 | +14.4% |
| Median | 70.7 | 39.7 | 8.3 | +16.4% |