Early Access

10-QPeriod: Q3 FY2025

PayPal Holdings, Inc. Quarterly Report for Q3 Ended Sep 30, 2025

Filed October 28, 2025For Securities:PYPL

Summary

PayPal Holdings, Inc. reported solid financial performance for the third quarter and first nine months of fiscal year 2025, demonstrating revenue growth and improved profitability. For the three months ended September 30, 2025, net revenues increased by 7% year-over-year to $8.4 billion, driven by an 8% increase in Total Payment Volume (TPV) and growth in interest and fee revenue from its loan portfolio. Net income saw a significant 24% increase to $1.25 billion, or $1.30 per diluted share. For the nine months ended September 30, 2025, net revenues grew 5% to $24.5 billion, with TPV increasing by 6%. Net income for the period rose by a strong 25% to $3.8 billion, or $3.88 per diluted share. The company maintained operating margins, reflecting effective cost management despite increases in transaction and credit losses. Notably, PayPal announced the initiation of a quarterly cash dividend program, signaling a commitment to returning capital to shareholders.

Financial Statements
Beta
Revenue$8.42B
Operating Expenses$6.90B
Operating Income$1.52B
Net Income$1.25B
EPS (Basic)$1.31
EPS (Diluted)$1.30
Shares Outstanding (Basic)950.00M
Shares Outstanding (Diluted)960.00M

Key Highlights

  • 1Net revenues for Q3 2025 increased by 7% year-over-year to $8.42 billion, with TPV growing 8%.
  • 2Net income for Q3 2025 surged by 24% to $1.25 billion, resulting in diluted EPS of $1.30.
  • 3Nine-month net revenues grew 5% to $24.5 billion, driven by a 6% increase in TPV.
  • 4Nine-month net income increased by 25% to $3.80 billion, with diluted EPS of $3.88.
  • 5Operating income showed strong growth, up 9% for Q3 and 17% for the nine-month period.
  • 6The company announced the initiation of a quarterly cash dividend program, with the first dividend expected in December 2025.
  • 7Active accounts grew slightly to 438 million, though the number of payment transactions decreased year-over-year.

Frequently Asked Questions