Summary
PayPal Holdings, Inc. reported a 4% increase in net revenues to $33.2 billion for the year ended December 31, 2025, driven by a 7% increase in Total Payment Volume (TPV) to $1.79 trillion, alongside growth in its loan portfolio. Operating income saw a significant 14% rise to $6.1 billion, resulting in an improved operating margin of 18%. This growth was supported by disciplined expense management, with total operating expenses increasing by only 2%. Net income increased by a substantial 26% to $5.2 billion, leading to diluted earnings per share of $5.41. The company also announced a quarterly cash dividend program in October 2025 and continued its share repurchase program, returning capital to shareholders. While the company experienced an increase in transaction and credit losses, up 19% driven by fraud incidents, the overall financial performance demonstrates resilience and a focus on profitable growth. The company's strategic initiatives and strong platform capabilities position it for continued engagement in the evolving commerce landscape.
Financial Highlights
52 data points| Revenue | $33.17B |
| Operating Expenses | $27.11B |
| Operating Income | $6.07B |
| Net Income | $5.23B |
| EPS (Basic) | $5.46 |
| EPS (Diluted) | $5.41 |
| Shares Outstanding (Basic) | 959.00M |
| Shares Outstanding (Diluted) | 968.00M |
Key Highlights
- 1Net revenues increased by 4% to $33.2 billion in 2025, fueled by a 7% growth in Total Payment Volume (TPV) to $1.79 trillion.
- 2Operating income grew by 14% to $6.1 billion, with operating margin expanding to 18% from 17% in the prior year.
- 3Net income rose by 26% to $5.2 billion, with diluted EPS reaching $5.41.
- 4The company initiated a quarterly cash dividend program in October 2025, marking a new phase of capital return to shareholders.
- 5Transaction and credit losses increased by 19% to $1.72 billion, primarily due to fraud incidents affecting PayPal products.
- 6Active accounts grew 1% to 439 million as of December 31, 2025.
- 7The company continued its robust share repurchase program, with approximately $13.9 billion remaining available under the February 2025 authorization as of year-end.