PayPal Holdings (PYPL) FY2024 results: revenue $31.8 billion, up 6.8% on the year
PayPal Holdings, Inc. (PYPL) reported revenue of $31.8 billion for fiscal 2024, the year ended 31 December 2024, up 6.8% on the year before. Net income was $4.1 billion, down 2.3%, and diluted earnings per share $3.99. The figures are the company's own, from the 10-K it filed with the SEC on 4 February 2025.
Revenue
$31.8 billion
+6.8% on the year
FY2017FY2024
Operating margin
16.7%
16.9% a year earlier
FY2017FY2024
Net income
$4.1 billion
-2.3% on the year
FY2017FY2024
Diluted EPS
$3.99
+3.9% on the year
FY2017FY2024
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
FY2024
FY2023
FY2022
On the year
Last 8 years
Operating cash flow
7,450
4,843
5,813
+53.8%
Capital expenditure
683
623
706
+9.6%
Free cash flow
6,767
4,220
5,107
+60.4%
Free cash flow margin
21.3%
14.2%
18.6%
Cash from investing
1,689
752
-3,328
+124.6%
Cash from financing
-8,276
-2,993
-1,203
Depreciation and amortisation
1,032
1,072
1,317
-3.7%
Share-based compensation
1,230
1,475
1,261
-16.6%
Buybacks
6,047
5,002
4,199
+20.9%
Dividends paid
0.0
0.0
n/a
Diluted shares, weighted
1,039m
1,107m
1,158m
-6.1%
Shares outstanding at period end
993m
1,072m
1,136m
-7.4%
Balance sheet
$ million
FY2024
FY2023
FY2022
On the year
Last 8 years
Shareholders' equity
20,417
21,051
20,274
-3.0%
Debt
9,879
9,676
10,417
+2.1%
Operating lease liabilities
629
416
569
+51.2%
Finance lease liabilities
18.0
0.0
n/a
Other liabilities
47,782
51,023
47,457
-6.4%
Total liabilities and equity
78,725
82,166
78,717
-4.2%
Fixed assets
1,508
1,488
1,730
+1.3%
Goodwill
10,837
11,026
11,209
-1.7%
Intangible assets
326
537
788
-39.3%
Investments
8,845
8,252
8,110
+7.2%
Cash and equivalents
6,662
9,081
7,776
-26.6%
Receivables
984
1,069
963
-8.0%
Other assets
49,563
50,713
48,141
-2.3%
Total assets
78,725
82,166
78,717
-4.2%
10-K for the year ended 31 December 2024, filed 4 February 2025: the filing.