Financials PayPal Holdings, Inc.

Equities

PYPL

US70450Y1038

Business Support Services

Delayed Nasdaq Other stock markets 04:00:00 2026-02-13 pm EST			5-day change	1st Jan Change
40.29 ^USD	+3.10%		-0.32%	-30.99%

Feb. 13	Pinterest May Struggle to Deliver Upside as Top Retailers Pull Back on Ad Spending, Wedbush Says	MT
Feb. 12	Sabre, Paypal, and Mindtrip partner to deliver the industry's first end-to-end agentic AI experience for travel	RE

Projected Income Statement: PayPal Holdings, Inc.

Fiscal Period: December	2021	2022	2023	2024	2025	2026	2027	2028
Net sales ¹	25,371	27,518	29,771	31,797	33,172	34,181	35,835	37,541
Change	-	8.46%	8.19%	6.81%	4.32%	3.04%	4.84%	4.76%
EBITDA ¹	7,128	6,716	7,524	6,663	7,166	6,668	6,839	6,840
Change	-	-5.78%	12.03%	-11.44%	7.55%	-6.95%	2.57%	0.01%
EBIT ¹	6,304	5,870	6,679	5,838	6,378	5,923	6,038	6,024
Change	-	-6.88%	13.78%	-12.59%	9.25%	-7.13%	1.94%	-0.24%
Interest Paid ¹	-209	-130	-	-	-	-399	-399	-399
Earnings before Tax (EBT) ¹	4,099	3,366	5,411	5,329	6,292	5,772	5,884	6,024
Change	-	-17.88%	60.75%	-1.52%	18.07%	-8.27%	1.94%	2.37%
Net income ¹	4,169	2,419	4,246	4,147	5,233	4,595	4,670	4,756
Change	-	-41.98%	75.53%	-2.33%	26.19%	-12.19%	1.62%	1.85%
Announcement Date	2/1/22	2/9/23	2/7/24	2/4/25	2/3/26	-	-	-

¹USD in Million

Estimates

Fiscal Period: December	2021 Q1	2021 Q2	2021 Q3	2021 Q4	2022 Q1	2022 Q2	2022 Q3	2022 Q4	2023 Q1	2023 Q2	2023 Q3	2023 Q4	2024 Q1	2024 Q2	2024 Q3	2024 Q4	2025 Q1	2025 Q2	2025 Q3	2025 Q4	2026 Q1	2026 Q2	2026 Q3	2026 Q4	2027 Q1	2027 Q2	2027 Q3	2027 Q4
Net sales ¹	6,033	6,238	6,182	6,918	6,483	6,806	6,846	7,383	7,040	7,287	7,418	8,026	7,699	7,885	7,847	8,366	7,791	8,288	8,417	8,676	8,069	8,501	8,639	8,938	8,413	8,866	9,026	9,350
Change	-	3.4%	-0.9%	11.91%	-6.29%	4.98%	0.59%	7.84%	-4.65%	3.51%	1.8%	8.2%	-4.07%	2.42%	-0.48%	6.61%	-6.87%	6.38%	1.56%	3.08%	-6.99%	5.35%	1.63%	3.46%	-5.88%	5.39%	1.81%	3.59%
EBITDA ¹	1,867	1,861	1,683	1,717	1,554	1,516	1,743	1,903	1,813	1,771	1,859	2,081	1,608	1,671	1,681	1,703	1,814	1,835	1,766	1,751	1,640	1,683	1,637	1,640	1,639	1,678	1,637	1,664
Change	-	-0.32%	-9.56%	2.02%	-9.49%	-2.45%	14.97%	9.18%	-4.73%	-2.32%	4.97%	11.94%	-22.73%	3.92%	0.6%	1.31%	6.52%	1.16%	-3.76%	-0.85%	-6.33%	2.61%	-2.74%	0.21%	-0.1%	2.38%	-2.42%	1.65%
EBIT ¹	1,673	1,654	1,470	1,507	1,343	1,302	1,532	1,693	1,600	1,560	1,647	1,872	1,399	1,460	1,477	1,502	1,616	1,644	1,568	1,550	1,461	1,500	1,469	1,470	1,466	1,526	1,484	1,507
Change	-	-1.14%	-11.12%	2.52%	-10.88%	-3.05%	17.67%	10.51%	-5.49%	-2.5%	5.58%	13.66%	-25.27%	4.36%	1.16%	1.69%	7.59%	1.73%	-4.62%	-1.15%	-5.76%	2.69%	-2.06%	0.03%	-0.27%	4.09%	-2.72%	1.54%
Charge d'intérêts ¹	-58	-57	-78	-	-59	-69	-87	-5	-87	-87	-	-	-	-	-106	-	-103	-114	-113	-	-100	-100	-100	-100	-100	-100	-100	-100
Earnings before Tax (EBT) ¹	872	1,356	1,165	706	629	49	1,578	1,110	1,074	1,303	1,241	1,793	1,209	1,399	1,311	1,410	1,603	1,529	1,533	1,627	1,420	1,459	1,429	1,440	1,435	1,492	1,442	1,465
Change	-	55.5%	-14.09%	-39.4%	-10.91%	-92.21%	3,120.41%	-29.66%	-3.24%	21.32%	-4.76%	44.48%	-32.57%	15.72%	-6.29%	7.55%	13.69%	-4.62%	0.26%	6.13%	-12.74%	2.74%	-2.05%	0.76%	-0.32%	3.96%	-3.3%	1.53%
Net income ¹	1,097	1,184	1,087	801	509	-341	1,330	921	795	1,029	1,020	1,402	888	1,128	1,010	1,121	1,287	1,261	1,248	1,437	1,135	1,161	1,137	1,141	1,135	1,177	1,140	1,154
Change	-	7.93%	-8.19%	-26.31%	-36.45%	-166.99%	490.03%	-30.75%	-13.68%	29.43%	-0.87%	37.45%	-36.66%	27.03%	-10.46%	10.99%	14.81%	-2.02%	-1.03%	15.14%	-21.02%	2.29%	-2.07%	0.32%	-0.46%	3.7%	-3.15%	1.21%
Announcement Date	5/5/21	7/28/21	11/8/21	2/1/22	4/27/22	8/2/22	11/3/22	2/9/23	5/8/23	8/2/23	11/1/23	2/7/24	4/30/24	7/30/24	10/29/24	2/4/25	4/29/25	7/29/25	10/28/25	2/3/26	-	-	-	-	-	-	-	-

¹USD in Million

Estimates

Forecast Balance Sheet: PayPal Holdings, Inc.

Fiscal Period: December	2021	2022	2023	2024	2025	2026	2027	2028
Net Debt ¹	-1,451	2,641	595	3,318	1,938	3,345	3,772	4,122
Change	-	282.01%	-77.47%	457.65%	-41.59%	72.6%	12.77%	9.28%
Announcement Date	2/1/22	2/9/23	2/7/24	2/4/25	2/3/26	-	-	-

¹USD in Million

Estimates

Cash Flow Forecast: PayPal Holdings, Inc.

Fiscal Period: December	2021	2022	2023	2024	2025	2026	2027	2028
CAPEX ¹	908	706	623	683	852	1,001	968.5	958.2
Change	-	-22.25%	-11.76%	9.63%	24.74%	17.54%	-3.29%	-1.06%
Free Cash Flow (FCF) ¹	5,432	5,107	4,220	6,767	6,411	6,068	6,305	6,845
Change	-	-5.98%	-17.37%	60.36%	-5.26%	-5.35%	3.9%	8.57%
Announcement Date	2/1/22	2/9/23	2/7/24	2/4/25	2/3/26	-	-	-

¹USD in Million

Estimates

Forecast Financial Ratios: PayPal Holdings, Inc.

Fiscal Period: December	2021	2022	2023	2024	2025	2026	2027	2028
Profitability
EBITDA Margin (%)	28.1%	24.41%	25.27%	20.95%	21.6%	19.51%	19.09%	18.22%
EBIT Margin (%)	24.85%	21.33%	22.43%	18.36%	19.23%	17.33%	16.85%	16.05%
EBT Margin (%)	16.16%	12.23%	18.18%	16.76%	18.97%	16.89%	16.42%	16.05%
Net margin (%)	16.43%	8.79%	14.26%	13.04%	15.78%	13.44%	13.03%	12.67%
FCF margin (%)	21.41%	18.56%	14.17%	21.28%	19.33%	17.75%	17.59%	18.23%
FCF / Net Income (%)	130.3%	211.12%	99.39%	163.18%	122.51%	132.05%	135.01%	143.93%
Profitability
ROA	5.7%	6.19%	7.02%	5.9%	6.47%	5.55%	5.28%	5.4%
ROE	19.97%	22.77%	27.32%	23.32%	25.28%	22.85%	22.54%	22.85%
Financial Health
Leverage (Debt/EBITDA)	-	0.39x	0.08x	0.5x	0.27x	0.5x	0.55x	0.6x
Debt / Free cash flow	-	0.52x	0.14x	0.49x	0.3x	0.55x	0.6x	0.6x
Capital Intensity
CAPEX / Current Assets (%)	3.58%	2.57%	2.09%	2.15%	2.57%	2.93%	2.7%	2.55%
CAPEX / EBITDA (%)	12.74%	10.51%	8.28%	10.25%	11.89%	15.02%	14.16%	14.01%
CAPEX / FCF (%)	16.72%	13.82%	14.76%	10.09%	13.29%	16.5%	15.36%	14%
Items per share
Cash flow per share ¹	5.346	5.02	4.375	7.17	6.628	7.593	9.264	10.21
Change	-	-6.09%	-12.85%	63.9%	-7.56%	14.56%	22.02%	10.26%
Dividend per Share ¹	-	-	-	-	-	0.3434	0.3538	0.4074
Change	-	-	-	-	-	-	3.02%	15.16%
Book Value Per Share ¹	18.6	17.85	19.09	19.84	22.02	23.81	27.13	31.47
Change	-	-4.06%	6.94%	3.96%	10.97%	8.15%	13.92%	16%
EPS ¹	3.52	2.09	3.84	3.99	5.41	5.194	5.714	6.426
Change	-	-40.63%	83.73%	3.91%	35.59%	-3.99%	10.01%	12.46%
Nbr of stocks (in thousands)	1,174,930	1,140,028	1,078,140	1,002,539	935,652	920,665	920,665	920,665
Announcement Date	2/1/22	2/9/23	2/7/24	2/4/25	2/3/26	-	-	-