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Visa vs PayPal Holdings: V and PYPL compared
Visa is the larger company: $12.1B of revenue in its latest quarter (Q4 FY26) against $8.6B for PayPal Holdings (Q3 2026). Visa is growing faster (+13% against +2% a year earlier). Visa is more profitable, with an operating margin of 59.8% against 16.3%.
Where the money goes: V and PYPL
Visa (V) · Q4 FY26
Visa, Q4 FY26: revenue $12.1B (+13% year over year), operating margin 59.8%, net earnings $6.0B, operating cash flow $7.4B. The chart follows the revenue to costs, profit and cash.
PayPal Holdings (PYPL) · Q3 2026
PayPal Holdings, Q3 2026: revenue $8.6B (+2% year over year), operating margin 16.3%, net earnings $1.1B, operating cash flow $1.6B. The chart follows the revenue to costs, profit and cash.
| Visa (V) | PayPal Holdings (PYPL) | |
|---|---|---|
| Latest quarter | Q4 FY26 | Q3 2026 |
| Revenue | $12.1B | $8.6B |
| Revenue growth, Y/Y | +13% | +2% |
| Operating margin | 59.8% | 16.3% |
| Net earnings | $6.0B | $1.1B |
| Net margin | 49.4% | 12.5% |
| Operating cash flow | $7.4B | $1.6B |
| Free cash flow | $6.9B | $1.4B |
| Market value | $788.6B | $50.6B |
| P/E | 33.6× | 11.3× |
| Analysts’ mean target | $443.44 | $57.13 |
Where the revenue comes from
PayPal Holdings
- Transaction revenues: $7.7B (90%)
- Revenues from other value added services: $873M (10%)
Questions
Which is bigger, Visa or PayPal Holdings?
Visa is the larger company: $12.1B of revenue in its latest quarter (Q4 FY26) against $8.6B for PayPal Holdings (Q3 2026).
Is Visa or PayPal Holdings growing faster?
Visa is growing faster (+13% against +2% a year earlier).
Which is more profitable, Visa or PayPal Holdings?
Visa is more profitable, with an operating margin of 59.8% against 16.3%.
More: Visa earnings · how Visa makes money · PayPal Holdings earnings · how PayPal Holdings makes money
From the companies' latest 10-Q, 10-K or earnings release (10-K filed Nov 5, 2026; 10-Q filed Oct 27, 2026). Fiscal quarters can end on different dates. Not investment advice.