| Cash Flow | 2026-03-31 | 2025-12-31 | 2025-09-30 | 2025-06-30 |
|---|---|---|---|---|
| Net revenues | 8,353 | 8,676 | 8,417 | 8,288 |
| Transaction expense | 4,165 | 4,252 | 4,063 | 3,968 |
| Transaction losses | 276 | 279 | 397 | 383 |
| Credit losses | 102 | 111 | 86 | 93 |
| Customer support and operations | 446 | 446 | 447 | 413 |
| Sales and marketing | 518 | 691 | 521 | 583 |
| Technology and development | 793 | 804 | 801 | 767 |
| General and administrative | 491 | 502 | 513 | 461 |
| Restructuring and other | 74 | 80 | 69 | 116 |
| Other income (expense), net | -95 | 116 | 13 | 25 |
| Income tax expense | 280 | 190 | 285 | 268 |
| Net income (loss) | 1,113 | 1,437 | 1,248 | 1,261 |
| Transaction and credit losses | 378 | 390 | 483 | 476 |
| Depreciation and amortization | 238 | 234 | 245 | 239 |
| Stock-based compensation | 259 | 210 | 257 | 286 |
| Deferred income taxes | -290 | 124 | 182 | -83 |
| Net (gains) losses on strategic investments | -101 | 93 | 10 | 11 |
| Gain on divestiture of business, excluding transaction costs | NaN | 0 | NaN | NaN |
| Accretion of discounts on investments, net of amortization of premiums | 8 | 6 | 20 | 27 |
| Adjustments to loans and interest receivable, held for sale | -61 | -71 | -70 | -27 |
| Other | -70 | 42 | -52 | 224 |
| Originations of loans receivable, held for sale | 11,306 | 12,690 | 9,682 | 7,729 |
| Proceeds from repayments and sales of loans receivable, originally classified as held for sale | 11,073 | 12,254 | 9,048 | 7,667 |
| Accounts receivable | 2 | -133 | -126 | 17 |
| Transaction loss allowance for cash losses, net | 313 | 1,318 | NaN | NaN |
| Other current assets and non-current assets | -249 | 493 | NaN | NaN |
| Accounts payable | -52 | 10 | 44 | 2 |
| Other assets and liabilities | NaN | NaN | 234 | 2,592 |
| Other current liabilities and non-current liabilities | -437 | 599 | NaN | NaN |
| Net cash provided by operating activities | 1,134 | 2,384 | 1,974 | 898 |
| Purchases of reverse repurchase agreements | 0 | 0 | 0 | 1 |
| Maturities of reverse repurchase agreements | 0 | 0 | 0 | 201 |
| Purchases of property and equipment | 231 | 194 | 256 | 206 |
| Proceeds from sales of property and equipment | 8 | 0 | 0 | 1 |
| Purchases and originations of loans receivable | 3,865 | 4,286 | 4,414 | 5,982 |
| Proceeds from repayments and sales of loans receivable, originally classified as held for investment | 3,754 | 3,743 | 4,735 | 5,733 |
| Purchases of investments | 5,923 | 4,448 | 4,387 | 5,594 |
| Maturities and sales of investments | 4,521 | 3,906 | 7,432 | 6,130 |
| Proceeds from divestiture of business, net of cash divested | NaN | 0 | NaN | NaN |
| Acquisitions, net of cash acquired | 122 | NaN | NaN | NaN |
| Funds receivable | 352 | -929 | -1,553 | 44 |
| Collateral posted related to derivative instruments, net | -110 | -58 | -109 | 263 |
| Other | NaN | 6 | 0 | -5 |
| Net cash used in investing activities | -2,100 | -298 | 4,772 | -20 |
| Borrowings from repurchase agreements | NaN | 0 | 2,544 | 405 |
| Repayments of repurchase agreements | NaN | 0 | 2,544 | 405 |
| Proceeds from issuance of common stock | NaN | 43 | 0 | 74 |
| Purchases of treasury stock | 1,500 | 1,501 | 1,500 | 1,551 |
| Tax withholdings related to net share settlements of equity awards | 127 | 66 | 68 | -28 |
| Borrowings under financing arrangements | 930 | 400 | 746 | 0 |
| Repayments under financing arrangements | 932 | 201 | 747 | 1,207 |
| Funds payable and amounts due to customers | 1,094 | -489 | -250 | -504 |
| Collateral received related to derivative instruments and reverse repurchase agreements, net | -108 | 5 | 10 | 10 |
| Payments of dividends to stockholders | 130 | 130 | NaN | NaN |
| Other | -2 | 0 | 0 | -4 |
| Net cash (used in) provided by financing activities | -559 | -1,949 | -1,829 | -3,174 |
| Effect of exchange rate changes on cash, cash equivalents, and restricted cash | -50 | 28 | -44 | 195 |
| Net change in cash, cash equivalents, and restricted cash | -1,575 | 165 | 4,873 | -2,101 |
| Cash, cash equivalents, and restricted cash at beginning of period | 24,018 | 23,853 | 18,980 | 20,981 |
| Cash, cash equivalents, and restricted cash at end of period | 22,443 | 24,018 | 23,853 | 18,980 |
PayPal Holdings, Inc. (PYPL)
PayPal Holdings, Inc. (PYPL)