PayPal Holdings (PYPL) 10-K Summaries & Annual Filing History
Review PayPal Holdings, Inc. (PYPL) 10-K filings from 2023 through the latest annual report, including business, financial performance, risks, and liquidity.
Key takeaway
Year ended Dec 31, 2025 · FY2025 10-K
PayPal's annual filing shows continued revenue growth with positive profitability and cash flow. The company maintains sufficient liquidity to fund operations, though revenue growth has slowed.
Financial snapshot
Selected annual figures reported with the filing, shown separately from the narrative summary.
Annual revenue
$33.2B
Revenue reported for the fiscal year.
Operating income
$6.1B
Income from operations reported for the year.
Net income
$5.2B
Net income reported for the year.
Operating cash flow
$6.4B
Cash generated by operating activities.
Annual revenue trend
Reported annual revenue and its change from the preceding fiscal year.
| Period ended | Revenue | Year-over-year change |
|---|---|---|
| Dec 31, 2022 | $27.5B | +8.5% |
| Dec 31, 2023 | $29.8B | +8.2% |
| Dec 31, 2024 | $31.8B | +6.8% |
| Dec 31, 2025 | $33.2B | +4.3% |
Business overview
PayPal Holdings, Inc. provides digital payment solutions, including customer protection programs and credit products, as indicated in its liquidity discussion. The company operates globally, with a significant portion of its cash held by foreign subsidiaries.
Financial performance
Revenue increased compared to the prior year, but the growth rate decelerated. Operating income and net income remained positive, and operating cash flow was robust.
Material risks
The supplied filing context does not include specific risk factor descriptions. Therefore, no material risks can be identified from the provided information.
Liquidity and capital
The company expects its existing cash, cash equivalents, investments, and operating cash flows, together with access to capital markets, to be sufficient for its cash needs over the next year. A large portion of its cash is held by foreign subsidiaries.
What to watch
The decelerating trend in revenue growth is a key item to monitor in the next filing.