PayPal Holdings (PYPL) FY2022 results: revenue $27.5 billion, up 8.5% on the year
PayPal Holdings, Inc. (PYPL) reported revenue of $27.5 billion for fiscal 2022, the year ended 31 December 2022, up 8.5% on the year before. Net income was $2.4 billion, down 42.0%, and diluted earnings per share $2.09. The figures are the company's own, from the 10-K it filed with the SEC on 10 February 2023.
Revenue
$27.5 billion
+8.5% on the year
FY2015FY2022
Operating margin
13.9%
16.8% a year earlier
FY2015FY2022
Net income
$2.4 billion
-42.0% on the year
FY2015FY2022
Diluted EPS
$2.09
-40.6% on the year
FY2015FY2022
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
FY2022
FY2021
FY2020
On the year
Last 8 years
Operating cash flow
5,813
5,797
6,219
+0.3%
Capital expenditure
706
908
866
-22.2%
Free cash flow
5,107
4,889
5,353
+4.5%
Free cash flow margin
18.6%
19.3%
25.0%
Cash from investing
-3,328
-5,149
-16,545
Cash from financing
-1,203
-557
12,454
Depreciation and amortisation
1,317
1,265
1,189
+4.1%
Share-based compensation
1,261
1,376
1,376
-8.4%
Buybacks
4,199
3,373
1,635
+24.5%
Diluted shares, weighted
1,158m
1,186m
1,187m
-2.4%
Shares outstanding at period end
1,136m
1,168m
1,172m
-2.7%
Balance sheet
$ million
FY2022
FY2021
FY2020
On the year
Last 8 years
Shareholders' equity
20,274
21,727
20,019
-6.7%
Non-controlling interest
n/a
0.0
44.0
Debt
10,417
8,049
8,939
+29.4%
Operating lease liabilities
569
620
642
-8.2%
Other liabilities
47,457
45,407
40,735
+4.5%
Total liabilities and equity
78,717
75,803
70,379
+3.8%
Fixed assets
1,730
1,909
1,807
-9.4%
Goodwill
11,209
11,454
9,135
-2.1%
Intangible assets
788
1,332
1,048
-40.8%
Investments
8,110
11,100
14,378
-26.9%
Cash and equivalents
7,776
5,197
4,794
+49.6%
Receivables
963
800
577
+20.4%
Other assets
48,141
44,011
38,640
+9.4%
Total assets
78,717
75,803
70,379
+3.8%
10-K for the year ended 31 December 2022, filed 10 February 2023: the filing.