PayPal (PYPL) stock
Financials · Transaction & Payment Processing Services
PayPal (PYPL) is a Transaction & Payment Processing Services company in the Financials sector, headquartered in San Jose, California. As of October 23, 2026, PYPL closed at $57.02, a market capitalization of $48.78 billion, the 236th largest company in the S&P 500. Over the last twelve months it generated $34.13 billion in revenue (+5% year over year) and $6.59 billion in free cash flow. The stock trades at 10.8x trailing earnings and 9.9x forward earnings.
- 1-year total return: -17.2% (dividends reinvested)
- 5-year return: -24.8% a year
- 52-week range: $38.46 – $79.22
- Gross margin 40.5%, operating margin 17.0%
- Dividend yield: 0.98%
- FI Handbook report card: B across 10 metrics
- 37th largest of 76 Financials stocks in the S&P 500
PYPL price chart
1Y price change: -18.1% (price only; total returns below include dividends)
| Total return | 1M | YTD | 1Y | 3Y | 5Y | 10Y | MAX |
|---|---|---|---|---|---|---|---|
| PYPL | +8.6% | -1.5% | -17.2% | +2.6% | -24.8% | +2.7% | +4.1% |
Dividends reinvested. 3Y and longer are annualized; MAX is annualized since 2015.
PYPL key statistics
- Market cap
- $48.8B
- #236 in S&P 500
- P/E (TTM)
- 10.8x
- Forward P/E
- 9.9x
- EPS (TTM)
- $5.29
- Revenue (TTM)
- $34.1B
- +5%
- Free cash flow
- $6.6B
- Gross margin
- 40.5%
- Operating margin
- 17.0%
- Return on equity
- 24.5%
- Dividend yield
- 0.98%
- 52-week range
- $38.46 – $79.22
- Beta
- 1.28
- Price / sales
- 1.4x
- EV / EBITDA
- 8.0x
- Debt / equity
- 0.72x
- Employees
- 23,800
PYPL report card
BTen fundamentals graded A to F against fixed thresholds. Not a buy or sell rating.
- Revenue growth4.8%D
- Gross margin40.5%B
- Operating margin17.0%C
- FCF margin19.3%B
- Return on equity24.5%B
- Net debt / EBITDA0.5xB
- Forward P/E9.9xA
- PEG ratio1.0xB
- Shareholder yield13.4%A
- Share count change / yr-4.0%A
PayPal financials
Revenue went from $10.8B in fiscal 2016 to $33.2B in fiscal 2025, growing 13.2% a year.
| Fiscal year | 2016 | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | $10.8B | $13.1B | $15.5B | $17.8B | $21.5B | $25.4B | $27.5B | $29.8B | $31.8B | $33.2B |
| Operating income | $1.6B | $2.1B | $2.2B | $2.7B | $3.3B | $4.3B | $3.8B | $5.0B | $5.3B | $6.1B |
| Net income | $1.4B | $1.8B | $2.1B | $2.5B | $4.2B | $4.2B | $2.4B | $4.2B | $4.1B | $5.2B |
| EPS (diluted) | $1.15 | $1.47 | $1.71 | $2.07 | $3.54 | $3.52 | $2.09 | $3.84 | $3.99 | $5.41 |
| Free cash flow | $2.5B | $1.9B | $4.7B | $3.4B | $5.4B | $4.9B | $5.1B | $4.2B | $6.8B | $5.6B |
| Buybacks | $995.0M | $1.0B | $3.5B | $1.4B | $1.6B | $3.4B | $4.2B | $5.0B | $6.0B | $6.1B |
| Dividends paid | — | — | — | — | — | — | — | $0 | $0 | $130.0M |
| Diluted shares | 1.2B | 1.2B | 1.2B | 1.2B | 1.2B | 1.2B | 1.2B | 1.1B | 1.0B | 968.0M |
Source: SEC filings (10-K XBRL). EPS and share counts are split-adjusted.
What's priced into PYPL?
A reverse DCF asks what growth the current price requires. With an enterprise value of $51.7B and $6.6B of trailing free cash flow, PayPal needs to grow free cash flow about -11.9% a year for ten years (fading to 3.0% terminal growth) to earn a 10% annual return. For context, free cash flow grew 0.8% a year over the last five years.
P/E ratio history
Current 10.5x vs. median 40.4x (10th–90th percentile 16.0x–90.6x).
A model, not a forecast or advice. Small changes in assumptions move the answer a lot.
PYPL dividend
- Dividend yield
- 0.98%
- Annual dividend
- $0.56
- Years of increases
- —
- 5-yr dividend growth
- —
- per year
- Payout ratio
- 8%
- Payments per year
- 1
Regular dividends per share by calendar year; special dividends excluded. Current year omitted until complete.
PYPL analyst price targets
33 analysts' average 12-month target is $56.89 (-0% vs. $57.02). Targets range from $36.00 to $80.00. 16% rate it a buy.
PYPL earnings
Next report: October 27, 2026. PayPal has beaten EPS estimates 2 quarters in a row. Last quarter's revenue was $8.7B (+5% year over year).
| Report date | EPS estimate | EPS actual | Surprise |
|---|---|---|---|
| Jul 28, 2026 | $1.28 | $1.38 | +8.0% |
| May 5, 2026 | $1.27 | $1.34 | +5.6% |
| Feb 3, 2026 | $1.29 | $1.23 | -4.4% |
| Oct 28, 2025 | $1.21 | $1.34 | +11.1% |
| Jul 29, 2025 | $1.30 | $1.40 | +8.0% |
| Apr 29, 2025 | $1.16 | $1.33 | +14.5% |
| Feb 4, 2025 | $1.12 | $1.19 | +6.0% |
| Oct 29, 2024 | $1.07 | $1.20 | +12.2% |
Stocks like PYPL
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|---|---|---|---|---|---|
 V Visa | -1.55% | +19% | $765.8B | 34.7x | Compare |
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 XYZ Block | -3.24% | -3% | $45.9B | 136.5x | Compare |
 CPAY Corpay | -1.58% | +44% | $26.8B | 24.8x | Compare |
 FISV Fiserv | -1.89% | -60% | $26.5B | 9.6x | Compare |
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 FIS Fidelity National Information S | -1.98% | -42% | $19.4B | 5.8x | Compare |
 JKHY Jack Henry & Associates | +0.46% | +6% | $11.4B | 22.1x | Compare |
PYPL news
- Coinbase vs. Paypal: Two Fintech Giants, Two Very Different Price Tags. Which Stock Wins? · Oct 24, 2026
- PayPal Holdings (PYPL) Expands Payouts And AI Commerce, Is It Fully Valued? · Oct 23, 2026
- PayPal Is Down More Than 80% From Its Peak. Here's Why I Still Own It · Oct 23, 2026
- LianLian Global and PayPal Power Cross-Border Payouts for Social Commerce, Marketplace, and eCommerce Customers · Oct 23, 2026
- Intuit (INTU) vs. PYPL and XYZ: Can an 81% Gross Margin and $8.6B Free Cash Flow Justify a Rebound? · Oct 22, 2026
PYPL stock FAQ
What is PYPL's market cap?
PayPal's market capitalization is $48.78 billion as of October 23, 2026, ranking 236th in the S&P 500.
What is PYPL's P/E ratio?
PYPL trades at a trailing price-to-earnings ratio of 10.8x and a forward P/E of 9.9x. Its median P/E over the period we track is 40.4x.
Does PYPL pay a dividend?
Yes. PayPal pays $0.56 per share a year, a 0.98% yield.
How much has PYPL stock returned?
Including reinvested dividends, PYPL returned -17.2% over one year, -24.8% a year over five years, +2.7% a year over ten years through October 23, 2026.
Is PYPL stock overvalued?
At today's price, a reverse discounted cash flow model (10% discount rate, 3% terminal growth) implies PayPal must grow free cash flow about -12% a year for the next decade. Its free cash flow grew 1% a year over the last five years. Whether that is achievable decides if the stock is cheap or expensive. This is a model, not advice.
What is the PYPL price target?
33 analysts cover PYPL with an average 12-month price target of $56.89, -0% from the current price. 16% of them rate it a buy.
When does PYPL report earnings?
PayPal is expected to report earnings on October 27, 2026. It has beaten EPS estimates 2 quarters in a row.
How many employees does PayPal have?
PayPal has about 23,800 full-time employees, or $1.4 million of revenue per employee.
Sources: SEC EDGAR filings, Yahoo Finance market data (delayed), FI Handbook calculations. Last close October 23, 2026. Methodology