PayPal Holdings (PYPL) FY2021 results: revenue $25.4 billion, up 18.3% on the year
PayPal Holdings, Inc. (PYPL) reported revenue of $25.4 billion for fiscal 2021, the year ended 31 December 2021, up 18.3% on the year before. Net income was $4.2 billion, down 0.8%, and diluted earnings per share $3.52. The figures are the company's own, from the 10-K it filed with the SEC on 3 February 2022.
Revenue
$25.4 billion
+18.3% on the year
FY2014FY2021
Operating margin
16.8%
15.3% a year earlier
FY2014FY2021
Net income
$4.2 billion
-0.8% on the year
FY2014FY2021
Diluted EPS
$3.52
-0.6% on the year
FY2014FY2021
this yearthe year beforeHover a bar for its figure.
$ million except per share. Read moreFree cash flow is operating cash flow less capital expenditure; the effective tax rate is income tax over pre-tax income; margins are the line over revenue. Gross profit is revenue less cost of revenue, and operating income is revenue less the company's own total costs, where the statement does not print those lines. Those four are arithmetic on the filed numbers; everything else is as filed. Money is in $ million as the company files it, or in $ billion by the switch above the tables; per share figures and share counts are as they are.
Cash flow
$ million
FY2021
FY2020
FY2019
On the year
Last 8 years
Operating cash flow
5,797
6,219
4,071
-6.8%
Capital expenditure
908
866
704
+4.8%
Free cash flow
4,889
5,353
3,367
-8.7%
Free cash flow margin
19.3%
25.0%
18.9%
Cash from investing
-5,149
-16,545
-5,733
Cash from financing
-557
12,454
4,187
Depreciation and amortisation
1,265
1,189
912
+6.4%
Share-based compensation
1,376
1,376
1,021
0.0%
Buybacks
3,373
1,635
1,411
+106.3%
Diluted shares, weighted
1,186m
1,187m
1,188m
-0.1%
Shares outstanding at period end
1,168m
1,172m
1,173m
-0.3%
Balance sheet
$ million
FY2021
FY2020
FY2019
On the year
Last 8 years
Shareholders' equity
21,727
20,019
16,885
+8.5%
Non-controlling interest
0.0
44.0
44.0
Debt
8,049
8,939
4,965
-10.0%
Operating lease liabilities
620
642
403
-3.4%
Other liabilities
45,407
40,735
29,036
+11.5%
Total liabilities and equity
75,803
70,379
51,333
+7.7%
Fixed assets
1,909
1,807
1,693
+5.6%
Goodwill
11,454
9,135
6,212
+25.4%
Intangible assets
1,332
1,048
778
+27.1%
Investments
11,100
14,378
6,275
-22.8%
Cash and equivalents
5,197
4,794
7,349
+8.4%
Receivables
800
577
435
+38.6%
Other assets
44,011
38,640
28,591
+13.9%
Total assets
75,803
70,379
51,333
+7.7%
10-K for the year ended 31 December 2021, filed 3 February 2022: the filing.