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PayPal Holdings, Inc. FY 2025 10-K, explained in plain English

PYPL · 10-K for the period ending December 31, 2025, filed February 3, 2026 · Read the original on SEC.gov →

Key financials — as reported

Total revenue$33.2B
Gross margin— not reported
Operating income$6.1B
Net income$5.2B
Diluted EPS$5.41
Cash & equivalents$8.0B
Total assets$80.2B
Long-term debt$10.0B

Key takeaway

PayPal reported $33.2 billion in revenue and $6.1 billion in operating income for FY2025, with net income of $5.23 billion and diluted EPS of $5.41.

🔒 4 more takeaways in the full analysis

Beneath the surface

Cash and equivalents of $8.05 billion look modest against $11.46 billion in total debt, but including the full $24.02 billion cash/restricted cash and $18.9 billion of available-for-sale securities, PayPal's liquid resources far exceed reported debt, suggesting the headline cash figure understates true liquidity strength.

🔒 3 more insights a headline reader would miss

This is the free preview. The full analysis explains every line item above and includes 7 more findings — plus insider trades, activist stakes, and 8-K events for PYPL.

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