PayPal Holdings, Inc.
For the period ended Dec 31, 2025. Filed Feb 3, 2026.
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A company's yearly report to the SEC, with audited financial statements. It is the fullest account a company gives of its business, its finances and the risks it sees.
FY2025 · Filed Feb 3, 2026
PYPL$58.78-2.1%Stored close · as of Nov 10, 2026
Extracted filing text, with the paragraph anchors used by the comparison.
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Consolidated Statements of Income (Loss)
| Year Ended December 31, | |||
|---|---|---|---|
| 2025 | 2024 | 2023 | |
| (In millions, except for per share amounts) | |||
| Net revenues | $33,172 | $31,797 | $29,771 |
| Operating expenses: | |||
| Transaction expense | 15,987 | 15,697 | 14,385 |
| Transaction and credit losses | 1,720 | 1,442 | 1,682 |
| Customer support and operations | 1,704 | 1,768 | 1,919 |
| Sales and marketing | 2,283 | 2,001 | 1,809 |
| Technology and development | 3,103 | 2,979 | 2,973 |
| General and administrative | 1,979 | 2,147 | 2,059 |
| Restructuring and other | 331 | 438 | (84) |
| Total operating expenses | 27,107 | 26,472 | 24,743 |
| Operating income | 6,065 | 5,325 | 5,028 |
| Other income (expense), net | 227 | 4 | 383 |
| Income before income taxes | 6,292 | 5,329 | 5,411 |
| Income tax expense | 1,059 | 1,182 | 1,165 |
| Net income (loss) | $5,233 | $4,147 | $4,246 |
| Net income (loss) per share: | |||
| Basic | $5.46 | $4.03 | $3.85 |
| Diluted | $5.41 | $3.99 | $3.84 |
| Weighted average shares: | |||
| Basic | 959 | 1,029 | 1,103 |
| Diluted | 968 | 1,039 | 1,107 |
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