PayPal Holdings (PYPL) Free Cash Flow (2014 - 2026)
PayPal Holdings' (PYPL) quarterly Free Cash Flow came in at $1.8 billion in Q2 2026, up 156.5% on a YoY basis from $692.0 million in Q2 2025, and up 96.57% quarter-over-quarter from $903.0 million in Q1 2026.
Analysis
PayPal Holdings (PYPL) Free Cash Flow (2014 - 2026) Analysis & Trends
PayPal Holdings (PYPL) has reported Free Cash Flow for 13 consecutive years, with $1.8 billion the latest figure, recorded in Q2 2026.
- For the quarter ending Q2 2026, Free Cash Flow rose 156.5% year-over-year to $1.8 billion; the trailing twelve-month figure through Jun 2026 stood at $6.6 billion (up 24.45% YoY), and the FY2025 full-year result was $5.6 billion, down 17.78% from the prior year.
- Free Cash Flow advanced to $1.8 billion in Q2 2026 per PYPL's latest filing, from $903.0 million in the prior quarter.
- Across five years, Free Cash Flow topped out at $2.5 billion in Q4 2023 and bottomed at -$350.0 million in Q2 2023.
- Historically, Free Cash Flow has averaged $1.4 billion across 5 years, with a median of $1.4 billion in 2022.
- The sharpest annual moves came in 2023 and 2024: Free Cash Flow plunged 132.56% in 2023, then jumped 490.86% in 2024.
- Over 5 years, Free Cash Flow stood at $1.4 billion in 2022, then soared by 72.3% to $2.5 billion in 2023, then retreated by 11.26% to $2.2 billion in 2024, then dropped by 0.05% to $2.2 billion in 2025, then declined by 18.95% to $1.8 billion in 2026.
- According to Business Quant data, Free Cash Flow over the past three periods registered $1.8 billion, $903.0 million, and $2.2 billion for Q2 2026, Q1 2026, and Q4 2025 respectively.
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Free Cash Flow (Qtr) |
|---|---|---|---|---|---|
| 1 | Block | 45.83 Bn | 39.37 Bn | 3.17 Bn | -7.56 Bn |
| 2 | PayPal Holdings | 45.18 Bn | 33.92 Bn | - | 1.78 Bn |
| 3 | Corpay | 26.12 Bn | 19.43 Bn | 1.19 Bn | 1.42 Bn |
| 4 | Fiserv | 25.09 Bn | 24.49 Bn | 3.59 Bn | 985.00 Mn |
| 5 | Global Payments | 22.62 Bn | 17.85 Bn | 2.03 Bn | 426.96 Mn |
| 6 | Wex | 6.64 Bn | 539.91 Mn | 463.80 Mn | -121.10 Mn |
| 7 | Shift4 Payments | 6.06 Bn | 5.82 Bn | 446.00 Mn | 27.00 Mn |
| 8 | Aci Worldwide | 5.09 Bn | 4.92 Bn | 181.57 Mn | 63.93 Mn |
| 9 | Paymentus Holdings | 4.41 Bn | 4.04 Bn | 94.31 Mn | 39.16 Mn |
| 10 | dLocal | 4.19 Bn | 3.32 Bn | 127.15 Mn | 140.76 Mn |
Historic Data
Download Data
Historic Data
| Date | Value |
|---|---|
| Jun 30, 2026 | 1.78 Bn |
| Mar 31, 2026 | 903.00 Mn |
| Dec 31, 2025 | 2.19 Bn |
| Sep 30, 2025 | 1.72 Bn |
| Jun 30, 2025 | 692.00 Mn |
| Mar 31, 2025 | 964.00 Mn |
| Dec 31, 2024 | 2.19 Bn |
| Sep 30, 2024 | 1.45 Bn |
| Jun 30, 2024 | 1.37 Bn |
| Mar 31, 2024 | 1.76 Bn |
| Dec 31, 2023 | 2.47 Bn |
| Sep 30, 2023 | 1.10 Bn |
| Jun 30, 2023 | -350.00 Mn |
| Mar 31, 2023 | 1.00 Bn |
| Dec 31, 2022 | 1.43 Bn |
| Sep 30, 2022 | 1.57 Bn |
| Jun 30, 2022 | 1.08 Bn |
| Mar 31, 2022 | 1.03 Bn |
| Dec 31, 2021 | 1.01 Bn |
| Sep 30, 2021 | 1.29 Bn |