PayPal Holdings PYPL
PayPal 3Q 2026 Revenue $8.58B
- Form
- 10-Q
- Filed
- Importance
- Notable
- Accession
- 0001633917-26-000088
- Revenue: $8.58 billion for the three months ended Sep 30, 2026
- Net income: $1.07 billion for the three months ended Sep 30, 2026
- Diluted EPS: $1.25 for the three months ended Sep 30, 2026
- Cash and equivalents: $7.16 billion at Sep 30, 2026
Written from the 10-Q on EDGAR. AI can make mistakes. Check the filing.
What changed since last quarter
1 new risk factor · 1 new legal mention
Compared with the 10-Q for the period ended Jun 30, 2026.
| This filing | Previous | Change vs prior 10-Q | |
|---|---|---|---|
| Revenue | $8.58B | $8.68B | −1.1% |
| Operating income and margin | $1.4B · 16.3% | $1.43B · 16.4% | −1.8%, margin −0.1 pts |
| Net income | $1.07B | $1.1B | −2.8% |
| Operating cash flow | $1.59B | $1.98B | −20% |
| Cash | $7.16B | $8.31B | −14% |
New risk factors (1)
- We rely on third parties in many aspects of our business, which creates additional risk. +1 more paragraph
New legal mentions (1)
- On August 10, 2026, the lead plaintiffs filed an amended and consolidated complaint that expanded the Norfolk Class Period by one day to February 7, 2024 through February 2, 2026, and added as a defendant PayPal s President, Global Markets.
The reading, claim by claim
- The financial statements cover the quarter ended September 30, 2026.
- They report net revenues of $8,584 million and net income of $1,073 million, in a table stated in millions.
- Diluted earnings per share were $1.25, against $1.30 in the quarter ended September 30, 2025.
- Restructuring and other expense for the three months was $255 million, against $69 million.
- The balance sheet shows total assets of $81,622 million at September 30, 2026, against $80,173 million at December 31, 2025.
- Cash and cash equivalents were $7,160 million, against $8,049 million.
- Total liabilities were $62,139 million and total equity was $19,483 million.
- The equity statement shows common stock repurchases of 34 million shares ($1,513 million) in the quarter ended March 31, 2026 and 33 million shares ($1,514 million) in the quarter ended June 30, 2026.
- Shares outstanding were 837 million at September 30, 2026, against 920 million at December 31, 2025.
9 of 12 claims matched the filing text.
Not found in the filing text
- The financial statements data lists revenue of $8.6 billion, an operating margin of 16.3% and a net margin of 12.5%.
- For the nine months ended September 30, 2026, net revenues were $25,619 million, against $24,496 million a year earlier.
- Net income was $3,290 million, against $3,796 million.
From the filing's financial data, not stated in its text
From this 10-Q's financial data (XBRL) for the quarter ended September 30, 2026
- It shows revenue up +2.0% from a year earlier.
From the filing
Item 1: Financial statements
PayPal Holdings, Inc.
CONDENSED CONSOLIDATED BALANCE SHEETS
| September 30, 2026 | December 31, 2025 | |
|---|---|---|
| ASSETS | ||
| Current assets: | ||
| Cash and cash equivalents6 | $7,1606 | $8,0496 |
| Short-term investments | 3,120 | 2,373 |
| Accounts receivable, net | 716 | 840 |
| Loans and interest receivable, held for sale | 3,687 | 1,726 |
| Loans and interest receivable, net of allowances of $491 and $539 as of September 30, 2026 and December 31, 2025, respectively | 5,618 | 6,746 |
| Funds receivable and customer accounts | 38,424 | 38,198 |
| Prepaid expenses and other current assets | 1,824 | 1,827 |
| Total current assets | 60,549 | 59,759 |
| Long-term investments | 4,785 | 4,330 |
| Property and equipment, net | 1,705 | 1,700 |
| Goodwill | 10,968 | 10,864 |
| Intangible assets, net | 154 | 208 |
| Other assets | 3,461 | 3,312 |
| Total assets5 | $81,6225 | $80,1735 |
| LIABILITIES AND EQUITY | ||
| Current liabilities: | ||
| Accounts payable | $152 | $240 |
| Funds payable and amounts due to customers | 40,924 | 40,198 |
| Short-term debt | 2,533 | 1,596 |
| Accrued expenses and other current liabilities | 4,281 | 4,409 |
| Total current liabilities | 47,890 | 46,443 |
| Other long-term liabilities | 3,310 | 3,487 |
| Long-term debt | 10,939 | 9,987 |
| Total liabilities7 | 62,1397 | 59,9177 |
| Commitments and contingencies (Note 13) | ||
| Equity: | ||
| Common stock, $0.0001 par value; 4,000 shares authorized; 837 and 920 shares outstanding as of September 30, 2026 and December 31, 2025, respectively9 | — | — |
| Preferred stock, $0.0001 par value; 100 shares authorized, unissued | — | — |
| Treasury stock at cost, 517 and 423 shares as of September 30, 2026 and December 31, 2025, respectively | (37,680) | (33,138) |
| Additional paid-in-capital | 22,265 | 21,582 |
| Retained earnings | 35,384 | 32,470 |
| Accumulated other comprehensive income (loss) | (486) | (658) |
| Total equity7 | 19,4837 | 20,2567 |
| Total liabilities and equity | $81,622 | $80,173 |
The accompanying notes are an integral part of these condensed consolidated financial statements.
3Q 2026 FORM 10-Q
PayPal Holdings, Inc.
CONDENSED CONSOLIDATED STATEMENTS OF INCOME (LOSS)1
| Three Months Ended September 30,1 | Nine Months Ended September 30,1 | |||
|---|---|---|---|---|
| 2026 | 2025 | 2026 | 2025 | |
| Net revenues2 | $8,5842 | $8,4172 | $25,6192 | $24,4962 |
| Operating expenses: | ||||
| Transaction expense | 4,248 | 4,063 | 12,798 | 11,735 |
| Transaction and credit losses | 386 | 483 | 1,161 | 1,330 |
| Customer support and operations | 434 | 447 | 1,342 | 1,258 |
| Sales and marketing | 508 | 521 | 1,572 | 1,592 |
| Technology and development | 831 | 801 | 2,473 | 2,299 |
| General and administrative | 520 | 513 | 1,514 | 1,477 |
| Restructuring and other4 | 2554 | 694 | 4424 | 2514 |
| Total operating expenses | 7,182 | 6,897 | 21,302 | 19,942 |
| Operating income | 1,402 | 1,520 | 4,317 | 4,554 |
| Other income (expense), net | (28) | 13 | (240) | 111 |
| Income before income taxes | 1,374 | 1,533 | 4,077 | 4,665 |
| Income tax expense | 301 | 285 | 787 | 869 |
| Net income (loss)2 | $1,0732 | $1,2482 | $3,2902 | $3,7962 |
| Net income (loss) per share: | ||||
| Basic | $1.26 | $1.31 | $3.74 | $3.92 |
| Diluted3 | $1.253 | $1.303 | $3.713 | $3.883 |
| Weighted average shares: | ||||
| Basic | 849 | 950 | 880 | 968 |
| Diluted | 858 | 960 | 887 | 978 |
The accompanying notes are an integral part of these condensed consolidated financial statements.
3Q 2026 FORM 10-Q
PayPal Holdings, Inc.
CONDENSED CONSOLIDATED STATEMENTS OF COMPREHENSIVE INCOME (LOSS)
| Three Months Ended September 30, | Nine Months Ended September 30, | |||
|---|---|---|---|---|
| 2026 | 2025 | 2026 | 2025 | |
| Net income (loss) | $1,073 | $1,248 | $3,290 | $3,796 |
| Other comprehensive income (loss), net of reclassification adjustments: | ||||
| Foreign currency translation adjustments ("CTA"), net | 40 | (49) | 13 | 185 |
| Tax benefit (expense) on foreign CTA, net | — | — | 5 | (4) |
| Unrealized gains (losses) on cash flow hedges, net | 5 | 78 | 216 | (346) |
| Tax benefit (expense) on unrealized gains (losses) on cash flow hedges, net | — | (3) | (32) | 17 |
| Unrealized gains (losses) on available-for-sale debt securities, net | (37) | 18 | (40) | (2) |
| Tax benefit (expense) on unrealized gains (losses) on available-for-sale debt securities, net | 9 | (5) | 10 | — |
| Other comprehensive income (loss), net of tax | 17 | 39 | 172 | (150) |
| Comprehensive income (loss) | $1,090 | $1,287 | $3,462 | $3,646 |
The accompanying notes are an integral part of these condensed consolidated financial statements.
3Q 2026 FORM 10-Q
PayPal Holdings, Inc.
CONDENSED CONSOLIDATED STATEMENTS OF STOCKHOLDERS' EQUITY
Common Stock Shares Treasury Stock Additional Paid-In Capital Accumulated Other
Comprehensive Income (Loss) Retained Earnings Total Equity
| Balances at December 31, 2025 | 920 | $(33,138) | $21,582 | $(658) | $32,470 | $20,256 |
|---|---|---|---|---|---|---|
| Net income | — | — | — | — | 1,113 | 1,113 |
| Foreign CTA, net | — | — | — | (34) | — | (34) |
| Tax benefit on foreign CTA, net | — | — | — | 4 | — | 4 |
| Unrealized gains on cash flow hedges, net | — | — | — | 192 | — | 192 |
| Tax expense on unrealized gains on cash flow hedges, net | — | — | — | (13) | — | (13) |
| Unrealized losses on available-for-sale debt securities, net | — | — | — | (5) | — | (5) |
| Tax benefit on unrealized losses on available-for-sale debt securities, net | — | — | — | 1 | — | 1 |
| Common stock and stock-based awards issued, net of shares withheld for employee taxes | 6 | — | (139) | — | — | (139) |
| Common stock repurchased8 | (34)8 | (1,513)8 | —8 | —8 | —8 | (1,513)8 |
| Cash dividends declared ($0.14 per share) | — | — | — | — | (130) | (130) |
| Stock-based compensation | — | — | 292 | — | — | 292 |
| Balances at March 31, 2026 | 892 | $(34,651) | $21,735 | $(513) | $33,453 | $20,024 |
| Net income | — | — | — | — | 1,104 | 1,104 |
| Foreign CTA, net | — | — | — | 7 | — | 7 |
| Tax benefit on foreign CTA, net | — | — | — | 1 | — | 1 |
| Unrealized gains on cash flow hedges, net | — | — | — | 19 | — | 19 |
| Tax expense on unrealized gains on cash flow hedges, net | — | — | — | (19) | — | (19) |
| Unrealized gains on available-for-sale debt securities, net | — | — | — | 2 | — | 2 |
| Common stock and stock-based awards issued, net of shares withheld for employee taxes | 3 | — | 15 | — | — | 15 |
| Common stock repurchased8 | (33)8 | (1,514)8 | —8 | —8 | —8 | (1,514)8 |
| Cash dividends declared ($0.14 per share) | — | — | — | — | (125) | (125) |
| Stock-based compensation | — | — | 306 | — | — | 306 |
| Balances at June 30, 2026 | 862 | $(36,165) | $22,056 | $(503) | $34,432 | $19,820 |
| Net income | — | — | — | — | 1,073 | 1,073 |
| Foreign CTA, net | — | — | — | 40 | — |
Similar companies
Companies of similar size in SIC 7389 and related industry codes: the same peer list as the financial tables.
- DoorDash DASH public float $90.8B, Jun 30, 2025
- Fiserv FI public float $93.9B, Jun 30, 2025
- MSCI MSCI public float $43.1B, Jun 30, 2025
- Fidelity National Information Services FIS public float $42.6B, Jun 30, 2025
- Mercadolibre MELI public float $122.9B, Jun 30, 2025