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Global digital payments platform enabling consumers and merchants to send, receive and manage online payments (PayPal, Venmo, Braintree).
Global digital payments platform enabling consumers and merchants to send, receive and manage online payments (PayPal, Venmo, Braintree).
Charges merchants a fee on each payment, with branded checkout (the PayPal button) the more profitable part and Braintree, which processes payments behind the scenes for large merchants, bringing volume at lower margins. It also earns on buy-now-pay-later loans, instant-transfer fees and interest on balances. It separated from eBay in 2015.
Moat: narrow (network effects, brand, scale). Large two-sided network of consumers and merchants, though checkout competition has intensified.
Headquarters: San Jose, California, USA · Founded: 1998 · Employees: 23,800
Size PayPal (PYPL) is a United States Financials company (Miscellaneous Commercial Services) with a market value of $49.2B, the 256th largest of 3,117 United States companies the cockpit tracks. Shares closed at $59.24 on 6 Nov 2026.
Performance Over six months the shares gained 31.0%, against +12.4% for the median peer and -1.1% for the United States market (cap-weighted) — 6th highest of 21 in its peer set.
Growth Revenue grew 4.6% over the last twelve months (peer median +18.5%); the operating margin is 18.9% (peer median 14.7%).
Valuation It trades at 10.1× forward earnings against a peer median of 16.9× (9th cheapest of 20).
Credit PayPal has 15 bonds outstanding ($11.2B), rated A- by the agencies and trading like A- at a weighted spread of 75 bp.
Short interest Short interest is 3.2% of the free float (15 Oct 2026).
Next results Next results expected around 9 Feb 2027 (exchange calendar; dates can move).
| TTM | FY2025 | FY2024 | FY2023 | FY2022 | |
|---|---|---|---|---|---|
| Revenue | $34.4B | $33.3B | $31.8B | $29.7B | $27.1B |
| Revenue growth | — | +5% | +7% | +10% | — |
| Gross profit | $14.1B | $13.9B | $12.9B | $11.7B | $11.2B |
| EBITDA | $7.47B | $7.53B | $6.79B | $5.93B | $4.90B |
| Net income | $4.73B | $5.23B | $4.15B | $4.25B | $2.42B |
| Free cash flow | $6.30B | $5.56B | $6.77B | $4.22B | $5.11B |
| Capital expenditure | $794M | $852M | $683M | $623M | $706M |
| Total debt | $14.3B | $12.1B | $11.9B | $11.5B | $11.6B |
The default views of Competitor Analysis ▸ Charts, drawn from the same data. Open them in the cockpit to change the axes, pin companies and read every value.
| Company | Market cap | 6M return | Revenue growth | Op. margin | Forward P/E | Req g |
|---|---|---|---|---|---|---|
| PayPal PYPL | $49.2B | +31% | +5% | 19% | 10.1× | n/a |
| Block XYZ | $51.7B | +14% | +7% | 20% | 17.1× | n/a |
| Apple AAPL | $4.98T | +17% | +15% | 33% | 36.8× | 19.0% |
| Adyen ADYEN.AS | $32.0B | 0% | +17% | 42% | 23.7× | 18.9% |
Peer set: Industry: the same industry and sector in any market, nearest in size. This is the same default set the interactive Competitor Analysis opens with.
| Measure | PYPL | Peer median | Rank in peer set |
|---|---|---|---|
| 1-month return | +7.7% | +4.7% | 9th highest of 21 |
| 6-month return | +31.0% | +12.4% | 6th highest of 21 |
| Distance from 52-week high | -12.2% | -16.1% | 9th highest of 21 |
| Revenue growth (TTM) | +4.6% | +18.5% | 3rd lowest of 21 |
| Operating margin | 18.9% | 14.7% | 9th highest of 21 |
| Forward P/E | 10.1× | 16.9× | 9th cheapest of 20 |
| Bond spread | 75 bp | 177 bp | tightest of 5 |
| Company | Market | Market cap | 6M return | Revenue growth | Op. margin | Forward P/E | Req g | Delivered g |
|---|---|---|---|---|---|---|---|---|
| PayPal PYPL | United States | $49.2B | +31% | +5% | 19% | 10.1× | n/a | n/a |
| Block XYZ | United States | $51.7B | +14% | +7% | 20% | 17.1× | n/a | n/a |
| Fiserv FISV | United States | $33.4B | +13% | -2% | 19% | 8.2× | n/a | n/a |
| Corpay CPAY | United States | $29.9B | +32% | +20% | 46% | 14.7× | n/a | n/a |
| Wise WSE | United States | $13.2B | -23% | +20% | 22% | 17.4× | n/a | n/a |
| PayPay Corporation Sponsored ADR PAYP | United States | $9.97B | -24% | +29% | 24% | 16.9× | n/a | n/a |
| WEX WEX | United States | $5.99B | +29% | +10% | 27% | 8.0× | n/a | n/a |
| Klarna KLAR | United States | $5.13B | -6% | +34% | -1% | 106.5× | n/a | n/a |
| Remitly Global RELY | United States | $4.72B | -7% | +24% | 10% | 22.7× | n/a | n/a |
| Paymentus PAY | United States | $3.70B | +20% | +26% | 8% | 32.3× | n/a | n/a |
| Shift4 Payments FOUR | United States | $3.47B | +3% | +32% | 10% | 8.4× | n/a | n/a |
| Euronet Worldwide EEFT | United States | $2.65B | +3% | +5% | 11% | 6.2× | n/a | n/a |
| Flywire FLYW | United States | $2.62B | +25% | +31% | 9% | 33.9× | n/a | n/a |
| Payoneer Global PAYO | United States | $2.42B | +39% | +6% | 12% | 33.9× | n/a | n/a |
| PagSeguro Digital PAGS | United States | $2.11B | -25% | +11% | 38% | 4.5× | n/a | n/a |
| EVERTEC EVTC | United States | $2.00B | +40% | +16% | 20% | 7.8× | n/a | n/a |
| Marqeta MQ | United States | $1.93B | +11% | +17% | 2% | 38.5× | n/a | n/a |
| StoneCo STNE | United States | $1.83B | -30% | -30% | -130% | 3.7× | n/a | n/a |
| Katapult KPLT | United States | $939M | +64% | +13% | 17% | n/a | n/a | n/a |
| PicS PICS | United States | $889M | -44% | +89% | 6% | 2.8× | n/a | n/a |
| Paysign PAYS | United States | $829M | +155% | +47% | 17% | 40.3× | n/a | n/a |
PayPal has 15 bonds outstanding with $11.2B face value. The agencies rate it A-; its bonds trade like A-. Weighted yield 5.53%, a spread of 75 bp over government bonds.