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PayPal Holdings (PYPL) earnings and revenue breakdown

Latest: Q3 2026 · 10-Q filed Oct 27, 2026 · PayPal Holdings (PYPL) Q3 2026 earnings results →

Q3 2026 Revenue up 2% year over year to $8.6B · 12¢ of every $1 of revenue kept as net profit · operating margin 16.3%

PayPal Holdings made $8.6B in Q3 2026 (+2% Y/Y): Transaction revenues $7.7B, Revenues from other value added services $873M. Operating margin 16.3%, net earnings $1.1B. See where every dollar goes — costs, profit and cash — as a Sankey from the 10-Q filed Oct 27, 2026.

Revenue$8.6B

Year over year+2%

Operating margin16.3%

Net earnings$1.1B

Operating cash flow$1.6B

Drawing the Sankey…

Open the interactive Sankey → click any line for what the company wrote about it, compare Y/Y and Q/Q, export as PNG or PDF

What changed this quarter

Revenue was $8.6B in Q3 2026, up 2% year over year and down 1% from the previous quarter. Transaction revenues was the largest line at 90% of revenue. Transaction revenues added $0.19B year over year (up 3%), 113% of the total change. Revenues from other value added services declined 2%.

Operating profit was $1.4B, a 16.3% margin (down 1.7 points year over year). Operating profit fell $0.12B even though revenue rose $0.17B versus Q3 2025, so costs grew faster than sales. Total costs grew 4% against revenue growth of 2%. Net earnings were $1.1B, down 14% year over year. The effective tax rate was 21.9%.

Operating cash flow was $1.6B (down 19% year over year), 148% of net earnings. Non-cash charges added back $0.25B of depreciation and amortization and $0.23B of share-based compensation. After purchases of property and equipment ($0.16B), free cash flow as the company reports it was $1.4B.

Quarterly history

Quarter	Form	Filed	Revenue	Y/Y	Op. margin	Net earnings	Op. cash flow
Q3 2026	10-Q	Oct 27, 2026	$8.6B	+2%	16.3%	$1.1B	$1.6B
Q2 2026	10-Q	Jul 28, 2026	$8.7B	+5%	16.4%	$1.1B	$2.0B
Q1 2026	10-Q	May 5, 2026	$8.4B	+7%	17.8%	$1.1B	$1.1B
Q4 2025	10-K	Feb 3, 2026	$8.7B	+4%	17.4%	$1.4B	$2.4B
Q3 2025	10-Q	Oct 28, 2025	$8.4B	+7%	18.1%	$1.2B	$2.0B
Q2 2025	10-Q	Jul 29, 2025	$8.3B	+5%	18.1%	$1.3B	$898M
Q1 2025	10-Q	Apr 29, 2025	$7.8B	+1%	19.6%	$1.3B	$1.2B

Charts

Latest (Q3 2026): Y/Y +2%, Q/Q -1%.

From the cash-flow statement as filed (SEC XBRL). Cash is fungible: the bars do not say which dollar paid for what.

Latest (Q3 2026): Net income $1.1B, Operating cash flow $1.6B.

-18.4% since FY2020: buybacks shrank the count.

Cash $8.0B, short-term investments $2.4B, long-term debt — at 2025-12-31.

Services-Business Services, NEC; dot size is quarterly revenue; dashed lines are the industry's medians.