PayPal Holdings (PYPL) EV to EBITDA (2015 - 2026)
PayPal Holdings' EV to EBITDA was 3.76 in Q2 2026, down 58.0% from 8.95 a year earlier and down 15.4% from the prior quarter.
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Analysis
PayPal Holdings (PYPL) EV to EBITDA (2015 - 2026) Analysis & Trends
On a trailing twelve-month basis, PayPal Holdings' EV to EBITDA was -0.66 through Jun 30, 2026; for FY2025, it came in at 6.16, down 47.0% from FY2024.
- In earlier years, EV to EBITDA was 11.61 in FY2024 (+36.8%), 8.49 in FY2023 (-37.5%), 13.59 in FY2022 (-64.4%) and 38.13 in FY2021 (-34.7%).
- The Q2 2026 figure marks the lowest quarterly EV to EBITDA in data going back to Q3 2015.
- Compared with a year earlier, EV to EBITDA has declined for four straight quarters, with an average decline of 14.2% over the last eight quarters.
- The best year-over-year quarter for EV to EBITDA over five years was Q4 2024 (growth of 36.8%); the worst was Q2 2022 (a decline of 76.4%).
- Per Business Quant data, PYPL's EV to EBITDA in the three quarters before Q2 2026 was 4.44 (Q1 2026), 6.16 (Q4 2025) and 7.51 (Q3 2025).
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) |
|---|---|---|---|---|
| 1 | PayPal Holdings | 49.67 Bn | 7.89 Bn | - |
| 2 | Block | 46.56 Bn | 17.86 Bn | 3.17 Bn |
| 3 | Coinbase Global | 45.63 Bn | 2.44 Bn | - |
| 4 | Corpay | 26.17 Bn | 16.06 Bn | - |
| 5 | Fiserv | 25.31 Bn | 21.98 Bn | 2.90 Bn |
| 6 | Global Payments | 22.57 Bn | 361.32 Mn | 2.03 Bn |
| 7 | Guidewire Software | 14.23 Bn | 10.79 Bn | 269.68 Mn |
| 8 | Bitmine Immersion Technologies | 11.95 Bn | 9.33 Bn | 40.81 Mn |
| 9 | Chime Financial | 11.27 Bn | 7.06 Bn | 594.87 Mn |
| 10 | Jack Henry & Associates | 11.02 Bn | 10.92 Bn | 273.85 Mn |
Historic Data
Download Data
Historic Data
| Date | Value |
|---|---|
| Jun 30, 2026 | 3.76 |
| Mar 31, 2026 | 4.44 |
| Dec 31, 2025 | 6.16 |
| Sep 30, 2025 | 7.51 |
| Jun 30, 2025 | 8.95 |
| Mar 31, 2025 | 7.84 |
| Dec 31, 2024 | 11.61 |
| Sep 30, 2024 | 9.98 |
| Jun 30, 2024 | 7.16 |
| Mar 31, 2024 | 8.98 |
| Dec 31, 2023 | 8.49 |
| Sep 30, 2023 | 9.08 |
| Jun 30, 2023 | 11.19 |
| Mar 31, 2023 | 13.85 |
| Dec 31, 2022 | 13.59 |
| Sep 30, 2022 | 17.72 |
| Jun 30, 2022 | 14.64 |
| Mar 31, 2022 | 24.18 |
| Dec 31, 2021 | 38.13 |
| Sep 30, 2021 | 53.96 |
API Access
PayPal Holdings EV to EBITDA API
Pull this series into your own models, spreadsheets and apps with the Business Quant
Historical Metrics API. The request below matches the chart above — change the
frequency, period or values and it follows. Swap YOUR_API_KEY for your own key.
https://data.businessquant.com/historic?slug=ev-to-ebitda&ticker=PYPL&period=max&api_key=YOUR_API_KEYimport requests
url = "https://data.businessquant.com/historic"
params = {"slug": "ev-to-ebitda", "ticker": "PYPL", "period": "max", "api_key": "YOUR_API_KEY"}
data = requests.get(url, params=params).json()const res = await fetch("https://data.businessquant.com/historic?slug=ev-to-ebitda&ticker=PYPL&period=max&api_key=YOUR_API_KEY");
const data = await res.json();