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% YoY from $692.0 million in Q2 2025, and up 96.57% on a QoQ basis from $903.0 million in Q1 2026.
Analysis
PayPal Holdings (PYPL) Free Cash Flow (2014 - 2026) Analysis & Trends
PayPal Holdings (PYPL) has 13 years of Free Cash Flow data on file, last reported at $1.8 billion in Q2 2026.
- Quarterly Free Cash Flow rose 156.5% year-over-year to $1.8 billion in Q2 2026, while the trailing twelve-month figure through Jun 2026 was $6.6 billion (up 24.45% YoY) and the FY2025 annual result came in at $5.6 billion, down 17.78% from the prior year.
- Free Cash Flow improved to $1.8 billion in Q2 2026, from $903.0 million in the prior quarter.
- In the past five years, Free Cash Flow ranged from a high of $2.5 billion in Q4 2023 to a low of -$350.0 million in Q2 2023.
- A 5-year average of $1.4 billion and a median of $1.4 billion in 2022 frame the typical range for Free Cash Flow.
- Annual changes were most pronounced in 2023 — Free Cash Flow tumbled 132.56% — and 2024, when it soared 490.86%.
- Tracing PYPL's Free Cash Flow over 5 years: stood at $1.4 billion in 2022, then jumped by 72.3% to $2.5 billion in 2023, then declined by 11.26% to $2.2 billion in 2024, then decreased by 0.05% to $2.2 billion in 2025, then slipped by 18.95% to $1.8 billion in 2026.
- The last three Free Cash Flow figures came in at $1.8 billion (Q2 2026), $903.0 million (Q1 2026), and $2.2 billion (Q4 2025), per Business Quant data.
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Free Cash Flow (Qtr) |
|---|---|---|---|---|---|
| 1 | Visa | 680.39 Bn | 668.03 Bn | - | 6.14 Bn |
| 2 | Mastercard | 518.33 Bn | 504.84 Bn | - | 3.51 Bn |
| 3 | American Express | 224.91 Bn | 175.59 Bn | 17.99 Bn | 4.47 Bn |
| 4 | Capital One Financial | 132.31 Bn | 77.60 Bn | - | 8.08 Bn |
| 5 | PayPal Holdings | 46.25 Bn | 35.00 Bn | - | 1.78 Bn |
| 6 | Affirm Holdings | 26.22 Bn | 24.59 Bn | - | -12.97 Bn |
| 7 | Synchrony Financial | 25.37 Bn | 9.17 Bn | - | 2.42 Bn |
| 8 | SoFi Technologies | 23.30 Bn | 20.18 Bn | 1.02 Bn | -3.99 Bn |
| 9 | Ally Financial | 12.85 Bn | 5.01 Bn | 2.08 Bn | 1.35 Bn |
| 10 | FirstCash Holdings | 9.51 Bn | 9.34 Bn | 533.67 Mn | 83.04 Mn |
Historic Data
Download Data
Historic Data
| Date | Value |
|---|---|
| Jun 30, 2026 | 1.78 Bn |
| Jun 30, 2026 | 1.78 Bn |
| Mar 31, 2026 | 903.00 Mn |
| Mar 31, 2026 | 903.00 Mn |
| Dec 31, 2025 | 2.19 Bn |
| Dec 31, 2025 | 2.19 Bn |
| Sep 30, 2025 | 1.72 Bn |
| Sep 30, 2025 | 1.72 Bn |
| Jun 30, 2025 | 692.00 Mn |
| Jun 30, 2025 | 692.00 Mn |
| Mar 31, 2025 | 964.00 Mn |
| Mar 31, 2025 | 964.00 Mn |
| Dec 31, 2024 | 2.19 Bn |
| Dec 31, 2024 | 2.19 Bn |
| Sep 30, 2024 | 1.45 Bn |
| Sep 30, 2024 | 1.45 Bn |
| Jun 30, 2024 | 1.37 Bn |
| Jun 30, 2024 | 1.37 Bn |
| Mar 31, 2024 | 1.76 Bn |
| Mar 31, 2024 | 1.76 Bn |