Pulling SEC filings + quote and writing the call…
| Fiscal year | FY2016 | FY2017 | FY2018 | FY2019 | FY2020 | FY2021 | FY2022 | FY2023 | FY2024 | FY2025 |
|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | $10.8B | $13.1B | $15.5B | $17.8B | $21.5B | $25.4B | $27.5B | $29.8B | $31.8B | $33.2B |
| Revenue growth | — | 20.8% | 18.0% | 15.0% | 20.7% | 18.3% | 8.5% | 8.2% | 6.8% | 4.3% |
| Operating income | $1.59B | $2.13B | $2.19B | $2.72B | $3.29B | $4.26B | $3.84B | $5.03B | $5.33B | $6.07B |
| Operating margin | 14.6% | 16.2% | 14.2% | 15.3% | 15.3% | 16.8% | 13.9% | 16.9% | 16.7% | 18.3% |
| Net income | $1.40B | $1.79B | $2.06B | $2.46B | $4.20B | $4.17B | $2.42B | $4.25B | $4.15B | $5.23B |
| Net margin | 12.9% | 13.7% | 13.3% | 13.8% | 19.6% | 16.4% | 8.8% | 14.3% | 13.0% | 15.8% |
| EPS (diluted) | $1.15 | $1.47 | $1.71 | $2.07 | $3.54 | $3.52 | $2.09 | $3.84 | $3.99 | $5.41 |
| Fiscal year | FY2016 | FY2017 | FY2018 | FY2019 | FY2020 | FY2021 | FY2022 | FY2023 | FY2024 | FY2025 |
|---|---|---|---|---|---|---|---|---|---|---|
| Operating cash flow | $3.16B | $2.53B | $5.48B | $4.07B | $6.22B | $5.80B | $5.81B | $4.84B | $7.45B | $6.42B |
| Capital expenditures | $669M | $667M | $823M | $704M | $866M | $908M | $706M | $623M | $683M | $852M |
| Free cash flow | $2.49B | $1.86B | $4.66B | $3.37B | $5.35B | $4.89B | $5.11B | $4.22B | $6.77B | $5.56B |
| Share buybacks | $995M | $1.01B | $3.52B | $1.41B | $1.64B | $3.37B | $4.20B | $5.00B | $6.05B | $6.05B |
| Dividends paid | — | — | — | — | — | — | — | $0.00 | $0.00 | $130M |
| Fiscal year | FY2016 | FY2017 | FY2018 | FY2019 | FY2020 | FY2021 | FY2022 | FY2023 | FY2024 | FY2025 |
|---|---|---|---|---|---|---|---|---|---|---|
| Cash & equivalents | $1.59B | $2.88B | $7.58B | $7.35B | $4.79B | $5.20B | $7.78B | $9.08B | $6.66B | $8.05B |
| Total assets | $33.1B | $40.8B | $43.3B | $51.3B | $70.4B | $75.8B | $78.6B | $82.2B | $78.7B | $80.2B |
| Total liabilities | $18.4B | $24.8B | $27.9B | $34.4B | $50.3B | $54.1B | $58.4B | $61.1B | $58.3B | $59.9B |
| Long-term debt | — | — | $0.00 | $4.96B | $8.94B | $8.05B | $10.4B | $9.68B | $9.88B | $9.99B |
| Shareholders' equity | $14.7B | $16.0B | $15.4B | $16.9B | $20.0B | $21.7B | $20.3B | $21.1B | $20.4B | $20.3B |
| Retained earnings | $2.07B | $3.82B | $5.88B | $8.34B | $12.4B | $16.5B | $19.0B | $23.2B | $27.3B | $32.5B |
| Shares (wtd avg diluted) | 1.22B | 1.22B | 1.20B | 1.19B | 1.19B | 1.19B | 1.16B | 1.11B | 1.04B | 968M |
Every figure is extracted from PayPal Holdings, Inc.’s annual reports as filed with the SEC (XBRL company facts) — no third-party estimates. Fiscal years are labeled by period end; filers occasionally re-tag concepts, so a sparse cell means the company didn’t report that concept for that year. Free cash flow = operating cash flow − capital expenditures.
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