PayPal Holdings, Inc. (PYPL)

NASDAQ: PYPL · USD

$56.6

+0.48 (+0.9%)· Recorded snapshot

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StockMarketAgent Research · Analyzed 2026-10-21

Our latest published analysis: PYPL rated Buy

PayPal Holdings, Inc.'s published Buy conclusion compares the analysis-date price with fair value and potential value. Read the full report for assumptions, evidence, and material risks.

Fair value

$68.4 / share

Potential value

$81.9 / share

Upside to FV

+19.5%

from $56.6

Moat

7/10

Narrow

Read full analysis →View archive · 24mo

9-phase methodology · same model in each published edition

Market cap	$49.3B
Revenue (ttm)	34.3B
Net income (ttm)	4.7B
EPS (ttm)	$5.26
Shares out	830.7M
P/E (trailing)	10.8x
P/E (forward)	9.1x
Dividend	$0.56 (0.99%)
Volume	7,624,375
Beta	1.28

Market data

Price

Recent price action with selectable time range.

Financial snapshot

Revenue (ttm): 34.3B
Net income (ttm): 4.7B
EPS (ttm): $5.26
P/E (trailing): 10.8x
P/E (forward): 9.1x
Market cap: $49.3B

Item	P1	P2	P3	P4	P5	Trend
Period	2021-12-31	2022-12-31	2023-12-31	2024-12-31	2025-12-31	Trend
Revenue	$25.37B	$27.52B	$29.77B	$31.80B	$33.17B	+6.9%
Gross profit	$14.00B	$13.77B	$13.70B	$14.66B	$15.47B	+2.5%
Operating income	$4.26B	$3.84B	$5.03B	$5.33B	$6.07B	+9.2%
Net income	$4.17B	$2.42B	$4.25B	$4.15B	$5.23B	+5.8%
EPS (diluted)	$3.52	$2.09	$3.84	$3.99	$5.41	+11.3%
EBITDA	$5.60B	$4.99B	$6.83B	$6.74B	$7.70B	+8.3%
R&D	$3.04B	$3.25B	$2.97B	$2.98B	$3.10B	+0.5%
SG&A	$2.11B	$2.10B	$2.06B	$2.15B	$1.98B	-1.6%

Ticker	Name	Market cap	P/E	P/S	ROIC	5Y rev CAGR	1Y total return	Rating
AAPL	Apple Inc.	5T	39.4x	10.8x	101.6%	+6.1%	+28.5%	売り
ABNB	Airbnb, Inc.	97.8B	37.5x	7.4x	16.8%	+24.4%	+28.5%	売り
ADBE	Adobe Inc.	97.1B	13.9x	3.7x	57.2%	+11.5%	-30.7%	強い買い
ACGL	Arch Capital Group Ltd.	34.8B	8.3x	1.8x	15.9%	+15.1%	+18.7%	強い買い
AIG	American International Group Inc.	41.7B	14.7x	1.6x	7.7%	-9.6%	+2.8%	強い買い
AIZ	Assurant, Inc.	14.1B	13.6x	1.0x	14.4%	+6.6%	+36.2%	ホールド

Base and Bull scenarios

Bull20%

Price target

$81.87

+43.1% from spot

In the Bull scenario, with an estimated probability of 20.0%, the shares offer an implied return of 43.1% toward Potential value $81.87. For this scenario to materialize, Fastlane guest checkout must achieve rapid merchant adoption, Venmo monetization must expand, and operating margins must scale toward historical highs. This thesis would be disconfirmed if branded volume growth stalls or if transaction expense rates rise, observable over the coming fiscal quarters.

Accelerated branded checkout volume growth via Fastlane
Operating margin expansion toward historical peak levels
Sustained high-volume share repurchases accelerating earnings per share

Base55%

Price target

$68.37

+19.5% from spot

In the Base scenario, representing the modal path with an estimated probability of 55.0%, the shares provide an implied return of 19.5% toward Fair value $68.37. This outcome requires mid-single-digit revenue growth, operating margin stabilization through overhead discipline, and ongoing share retirement. The scenario would be disconfirmed if operating margins contract for multiple consecutive quarters, with verification available by the end of FY2026.

Mid-single-digit consolidated revenue growth
Operating margin normalization via operational discipline
Net share count reduction compounding earnings per share

Sensitivity: Ke × terminal growth

The highlighted cell is Fair value when every assumption sits at its base level ($68.37). Each row and column shows what Fair value becomes when one assumption moves.

Ke ↓ / g →	1.5%	2.0%	2.5%	3.0%	3.5%
9.0%	$70.1	$71.7	$73.6	$75.7	$78.3
9.5%	$67.8	$69.2	$70.8	$72.6	$74.8
10.0%	$65.8	$67.0	$68.4	$69.9	$71.7
10.5%	$63.9	$65.0	$66.2	$67.6	$69.1
11.0%	$62.2	$63.2	$64.2	$65.4	$66.8

Scorecard

Published factor rows and weighted composite

Calendar

Next earnings

Upcoming earnings date and setup when available.

Upcoming

DateLoading

Window—

EPS estimate—

Revenue estimate—

Sector percentile context

Refreshed 2026-10-28 19:55 UTC

Forward P/E9.1

P25 n/aP50 n/aP75 n/a

Trailing P/E10.8

P25 n/aP50 n/aP75 n/a

ROE23.8

P25 n/aP50 n/aP75 n/a

ROIC22.4

P25 n/aP50 n/aP75 n/a

Benchmarks · 1M

All PYPL indicators

Market & fundamental data

Available fields

281

Groups with data

Currency

USD

Showing 281 of 281 available metrics for this ticker.

Profile and market data

Ticker identity, listing, currency, market cap, and source dates.

Metric	Value
Amount currency	USD
CIK code	0001633917
Company name	PayPal Holdings, Inc.
Country	United States
Country code	US
CUSIP number	70450Y103
Earnings date	2026-10-27
Earnings time	bmo
Employees	23,800
Employees change	-600
Employees growth	-2.46%
Enterprise value	$50.2B
Exchange	NASDAQ
Financial currency	USD
Financial report date	2026-09-30
First seen	2026-05-09
Fiscal year end	December
Founded	1998
In index	SP500, NASDAQ100
Industry	Credit Services
IPO date	2002-02-15
Is primary listing	Yes
Is SPAC	No
ISIN number	US70450Y1038
Last 10-K release date	2026-02-03
Last earnings date	2026-10-27
Last refreshed	2026-10-28
Last stock split type	Never
Market cap	$47B
Market cap category	Large-Cap
Next earnings date	2027-02-02
Options	Yes
Price	$56.57
Price currency	USD
Sector	Financials
SIC code	7389
Stock price date	2026-10-28
Symbol	PYPL
U.S. state	California
Website	https://www.paypal.com

Valuation

Multiples, yields, enterprise-value ratios, and valuation checks.

Metric	Value
Adjusted P/E ratio	10.48x
Average P/E ratio (10Y)	37.87x
Average P/E ratio (3Y)	13.59x
Average P/E ratio (5Y)	21.86x
Earnings yield	9.3%
EV/Earnings	10.52x
EV/EBIT	8.08x
EV/EBITDA	7.52x
EV/FCF	7.89x
EV/Sales	1.45x
FCF / EV yield	12.67%
FCF yield	13.54%
Forward EV/Sales	1.4x
Forward P/E	9.68x
Forward P/S	1.31x
Graham number	52.48851
Graham upside	-6.3%
Industry forward P/E	19.57x
Industry P/E	22.74x
Lynch fair value	$26.30
Lynch upside	-53.05%
P/(FCF - SBC) ratio	8.74x
P/(OCF - SBC) ratio	7.61x
P/B ratio	2.41x
P/E ratio	10.75x
P/FCF ratio	7.39x
P/OCF ratio	6.56x
P/S ratio	1.36x
PEG ratio	1.42x
Price / tangible book value	5.57x
Price/EBITDA ratio	7.04x
Sector forward P/E	13.61x
Sector P/E	15.65x

Profitability

Margins, returns on capital, cash conversion, and quality metrics.

Metric	Value
EBIT margin	17.95%
EBITDA margin	19.27%
Effective tax rate	17.13%
FCF margin	18.37%
Gross margin	40.55%
Operating margin	17.95%
Pretax margin	16.63%
Profit margin	13.78%
Profit per employee	$198,613
Profitable quarters	17
Profitable years	14
Revenue per employee	$1.4M
ROA	4.77%
ROA (5Y)	4%
ROCE	18.25%
ROE	23.83%
ROE (5Y)	19.55%
ROIC	22.45%
ROIC (5Y)	20.09%
SBC / revenue	2.85%
Tax / revenue	2.85%

Growth

Revenue, earnings, cash-flow, and forward growth indicators.

Metric	Value
EPS growth	5.66%
EPS growth (Q)	-3.85%
EPS growth (QoQ)	0%
EPS growth 10Y	16.63%
EPS growth 3Y	16.19%
EPS growth 5Y	4.81%
EPS growth years	3
FCF growth	13.19%
FCF growth (Q)	-16.71%
FCF growth (QoQ)	-19.38%
FCF growth 3Y	25.54%
FCF growth 5Y	4.71%
Gross profit growth	1.82%
Gross profit growth (Q)	2.69%
Gross profit growth 3Y	5.9%
Gross profit growth 5Y	3.43%
Net income growth	-3.86%
Net income growth (Q)	-14.02%
Net income growth (QoQ)	-2.81%
Net income growth 3Y	7.88%
Net income growth 5Y	-0.86%
Net income growth years	1
OCF growth	10.38%
OCF growth (Q)	-19.35%
OCF growth (QoQ)	-19.72%
OCF growth 10Y	9.12%
OCF growth 3Y	22.91%
OCF growth 5Y	3.67%
Operating income growth	0.28%
Operating income growth (Q)	-2.23%
Operating income growth 3Y	9.08%
Operating income growth 5Y	7.58%
Revenue growth	4.36%
Revenue growth (Q)	1.98%
Revenue growth (QoQ)	-1.13%
Revenue growth 10Y	12.65%
Revenue growth 3Y	5.59%
Revenue growth 5Y	6.9%
Revenue growth quarters	46
Revenue growth years	13

Financial statements

Income-statement and cash-flow amounts, totals and per share.

Metric	Value
Capital expenditures	$-794M
Depreciation and amortization	$452M
EBIT	$6.2B
EBITDA	$6.6B
EPS	$5.26
FCF per share	$7.58
Financing cash flow	$-4.6B
Free cash flow	$6.3B
Free cash flow minus SBC	$5.3B
Gross profit	$13.9B
Income taxes	$977M
Investing cash flow	$-6.3B
Net borrowing	$2B
Net cash flow	$-3.8B
Net income	$4.7B
Operating cash flow minus SBC	$6.1B
Operating income	$6.2B
Revenue	$34.3B
Stock-based compensation	$977M

Financial strength

Debt, cash, solvency, accounting-quality, and balance-sheet signals.

Metric	Value
Altman Z-Score	1.93
Book value per share	$23.28
Debt / EBITDA	2.04
Debt / equity	0.69
Debt / FCF	2.14
Goodwill	$11B
Interest coverage	13.96
Long-term assets	$21.1B
Long-term liabilities	$14.2B
Net cash (debt)	$-3.2B
Net cash / market cap	-6.86%
Net debt / EBITDA	0.48
Net debt / equity	0.16
Net debt / FCF	0.51
Piotroski F-Score	6
Property, plant and equipment	$1.7B
Shareholders' equity	$19.5B
Tangible book value	$8.4B
Tangible book value per share	$9.99
Total assets	$81.6B
Total cash	$10.3B
Total debt	$13.5B
Total liabilities	$62.1B
WACC	9.36%

Liquidity

Current-asset coverage and working-capital efficiency metrics.

Metric	Value
Asset turnover	0.42
Current assets	$60.5B
Current liabilities	$47.9B
Current ratio	1.26
Net working capital	$4.9B
Quick ratio	0.23
Working capital	$12.7B
Working capital turnover	2.46

Dividends and buybacks

Dividend yield, payout, buybacks, and shareholder-yield indicators.

Metric	Value
Buyback yield / dilution	8.79%
Dividend growth	0%
Dividend growth years	0
Dividend payment date	2026-12-24
Dividend payment years	2
Dividend payout frequency	Quarterly
Dividend per share	$0.56
Dividend yield	0.99%
Ex-dividend date	2026-12-04
FCF payout ratio	7.44%
Last dividend	$0.14
Payout ratio	10.65%
Shareholder yield	9.79%

Performance and technicals

Returns, volatility, beta, momentum, RSI, and moving-average context.

Metric	Value
10Y price change	35.69%
10Y return CAGR	3.21%
10Y total return	37.21%
150-day SMA	$50.92
1D price change	0.86%
1M price change	2.78%
1M total return	2.78%
1W price change	-1.1%
1W total return	-1.1%
1Y price change	-19.47%
1Y return CAGR	-18.59%
1Y total return	-18.58%
20-day SMA	$55.78
200-day SMA	$49.97
3M price change	0.89%
3M total return	1.14%
3Y price change	12.26%
3Y return CAGR	4.32%
3Y total return	13.52%
50-day SMA	$55.56
50-day SMA vs 200-day SMA	50over200
52-week high	$79.22
52-week high date	2025-10-28
52-week low	$38.46
52-week low date	2026-02-12
5Y price change	-75.92%
5Y return CAGR	-24.62%
5Y total return	-75.65%
6M price change	13.66%
6M total return	14.32%
All-time high	$310.16
All-time high date	2021-07-26
All-time low	$30.00
All-time low date	2015-08-24
Average true range (ATR)	$1.38
Average volume	11.1M
Beta (1Y)	0.67
Beta (2Y)	1.12
Beta (5Y)	1.28
Change from 52-week high	-28.59%
Change from 52-week low	47.09%
Change from all-time high	-81.76%
Change from all-time low	88.57%
Change from open	2.11%
Day's gap	-1.23%
Dollar volume	$431.3M
High price	$56.68
Low price	$55.40
Monthly RSI	46.13
Open price	$55.40
Position in 52-week range	91.41%
Premarket change	-1.21%
Premarket close	$56.09
Premarket price	$55.41
Premarket volume	25.5K
Previous close	$56.09
Price vs 150-day SMA	11.09%
Price vs 20-day SMA	1.41%
Price vs 200-day SMA	13.2%
Price vs 50-day SMA	1.83%
Relative volume	0.69
RSI	54.76
Sharpe ratio	-0.36
Sharpe ratio (3Y)	0.15
Sharpe ratio (5Y)	-0.57
Sortino ratio	-0.35
Sortino ratio (3Y)	0.34
Sortino ratio (5Y)	-0.63
Volume	7.6M
Weekly RSI	55.11
YTD price change	-3.1%
YTD total return	-2.25%

Ownership and float

Institutional, insider, float, short-interest, and share-count fields.

Metric	Value
Float	853.5M
Float percentage	102.75%
Shares change (QoQ)	-2.72%
Shares change (YoY)	-8.79%
Shares held by insiders	0.11%
Shares held by institutions	81.11%
Shares outstanding	830.7M
Short % of float	3.19%
Short % of shares	3.28%
Short ratio	2.4 days

Other indicators

Additional ticker metrics that do not fit the primary research groupings.

Metric	Value
Page views	438

Deeper analysis on PYPL

14 sections in the full report · jump straight to what you need

Forecast

Base and Bull forecast paths with report-date return framing.

→

Valuation

Fair-value bridge, DCF, owner earnings, and peer multiples.

→

Sensitivity

Cost-of-equity and terminal-growth stress table.

→

Risks

Kill scenarios, soft-pass flags, and downside catalysts.

→

Earnings

Next earnings setup and beat / inline / miss thresholds.

→

Position sizing

Entry, exit, conviction, and quarterly monitoring rules.

→

Financials

Revenue, margins, cash flow, and balance-sheet context.

→

Peers

Relative valuation and profitability against the cohort.

→

Moat

Economic-profit evidence and competitive advantage risk.

→

Industry cycle

Sector phase, capital cycle, and secular tailwinds.

→

Quote this valuation with its source: Fair value, Potential value and the price at analysis.

Frequently asked questions

About this PYPL report

What is the latest published PYPL stock rating?

PayPal Holdings, Inc. is shown with Buy in the latest published report, analyzed 2026-10-21. The hub links directly to the full analysis surface where the dated rating, fair-value bridge, risks, and scorecard are documented together.

Where can I read the full PYPL analysis?

The full latest published report, analyzed 2026-10-21, lives at /stocks/PYPL/analysis. The bare ticker page summarizes that read and links to each analysis tab; earlier editions remain under /analysis/archive.

What fair value is used for PYPL?

The latest published report analyzed 2026-10-21 gives PYPL a fair value of USD 68 and a potential value of USD 82. These are dated research outputs, not live market prices; review the valuation assumptions, sensitivity analysis, and material risks before making a decision.

How often is the PYPL page updated?

The hub selects the latest published stock report regardless of age and displays its analysis date (2026-10-21). Separately sourced market data is labeled with its own recorded timestamp and is never inferred from the report.

BuyPYPL · Fair value $68.4+19.5%

Read full analysis →

PayPal Holdings, Inc. (PYPL)

Our latest published analysis: PYPL rated Buy

Price

Financial snapshot

Fair-value bridge

Latest news · PYPL

Valuation

Profitability

Balance sheet

Trading

Base and Bull scenarios

Sensitivity: Ke × terminal growth

Scorecard

Next earnings

Sector percentile context

All PYPL indicators

Profile and market data

Valuation

Profitability

Growth

Financial statements

Financial strength

Liquidity

Dividends and buybacks

Performance and technicals

Ownership and float

Other indicators

Deeper analysis on PYPL

Frequently asked questions

レーティング履歴

Category	Score	Reading
Valuation	7.5
Management	7.5
Balance Sheet	6.0
Profitability	6.5
Revenue Growth	4.5
Risk Assessment	6.5
Competitive Moat	7.0
Earnings Quality	7.5
Capital Efficiency	6.5