PayPal Holdings, Inc.

PYPLUS

PayPal Holdings, Inc. provides a worldwide technological framework that facilitates digital financial transactions for both businesses and individual users. The company offers a wide array of payment services through well-known brands such as PayPal, PayPal Credit, Braintree, Venmo, Xoom, Zettle, Hyperwallet, Honey, and Paidy. Through its extensive platform, consumers are able to send and receive funds across roughly 200 global markets and in approximately 100 different currencies. Additionally, users can transfer money to their bank accounts in 56 currencies and maintain account balances in 25 distinct currencies within their PayPal accounts. Founded in 1998, the company's corporate headquarters are situated in San Jose, California.

Founded1998IPO year2015As of2026-08-04
Market Cap
$49.91B
Enterprise Value
$52.87B
EV / LTM Revenue
1.6x
EV / NTM Revenue
1.5x
Trading multiples

Enterprise value over trailing (LTM) vs. forward (NTM) fundamentals. Click an LTM cell to chart it.

LTM
trailing
NTM
forward
Revenue
1.5x
Gross Profit
3.3x
EBITDA
5.8x
Classification
Sector
Fintech
Sub-sector
Payments
Listing
PYPL
Country
US
Historical valuation & fundamentals

EV / LTM Revenue

Annual financials & analyst forecasts

$MCY2021CY2022CY2023CY2024CY2025CY2026ECY2027E
Revenue YoY8%8%7%4%4%4%
Revenue$25.37B$27.52B$29.77B$31.80B$33.17B$34.62B$36.06B
Gross Profit$14.00B$13.77B$13.70B$14.66B$15.46B
Gross Profit Margin55.2%50.1%46.0%46.1%46.6%
EBITDA$5.60B$4.99B$6.83B$6.74B$7.70B$8.92B$9.29B
EBITDA Margin22.1%18.1%22.9%21.2%23.2%25.8%25.8%
EBIT$4.26B$3.84B$5.03B$5.33B$6.07B$8.82B$9.18B
Net Income$4.17B$2.42B$4.25B$4.15B$5.23B$5.23B$5.51B
Free Cash Flow$4.89B$5.11B$4.22B$6.77B$5.56B
FCF Margin19.3%18.6%14.2%21.3%16.8%
Short-Term Debt$999M$0M$0M$0M$0M
Long-Term Debt$8.05B$10.42B$9.68B$9.88B$9.99B
Cash & Cash Equivalents$5.20B$7.78B$9.08B$6.56B$8.05B
Net Debt$3.85B$2.64B$595M$3.32B$1.94B
Net Debt / EBITDA0.7x0.5x0.1x0.5x0.3x
Rule of 4027.0%22.4%28.1%21.1%
Figures in $M. True calendar years (Jan–Dec) built from quarterly data — income & cash-flow lines summed across the four quarters, balance sheet as of year-end. E columns are calendarized analyst consensus — gross profit, cash flow and balance-sheet lines are not estimated. Net debt = short-term debt + long-term debt − cash & cash equivalents; Rule of 40 = YoY revenue growth + FCF margin.