PayPal Holdings, Inc.
Cash Flow Statement
| Line Item | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 |
|---|---|---|---|---|---|---|---|---|
| Operating Activities | ||||||||
| Net Income | $5.23B | $4.15B | $4.25B | $2.42B | $4.17B | $4.20B | $2.46B | $2.06B |
| Depreciation & Amortization | $963.0M | $1.03B | $1.07B | $1.32B | $1.27B | $1.19B | $912.0M | $776.0M |
| Depreciation | $788.0M | $825.0M | $846.0M | $846.0M | $822.0M | $738.0M | $701.0M | $627.0M |
| Amortization | $175.0M | $207.0M | $226.0M | $471.0M | $443.0M | $451.0M | $211.0M | $149.0M |
| Stock-Based Compensation | $1.00B | $1.23B | $1.48B | $1.26B | $1.38B | $1.38B | $1.02B | $853.0M |
| Net Cash from Operating Activities | $6.42B | $7.45B | $4.84B | $5.81B | $5.80B | $6.22B | $4.07B | $5.48B |
| Investing Activities | ||||||||
| Capital Expenditures | $852.0M | $683.0M | $623.0M | $706.0M | $908.0M | $866.0M | $704.0M | $823.0M |
| Business Acquisitions | — | — | $0 | $0 | $2.76B | $3.61B | $70.0M | $2.12B |
| Net Cash from Investing Activities | $797.0M | $1.69B | $752.0M | $-3.33B | $-5.15B | $-16.55B | $-5.74B | $821.0M |
| Financing Activities | ||||||||
| Dividends Paid | $130.0M | $0 | $0 | — | — | — | — | — |
| Stock Repurchases | $6.05B | $6.05B | $5.00B | $4.20B | $3.37B | $1.64B | $1.41B | $3.52B |
| Net Cash from Financing Activities | $-5.96B | $-8.28B | $-2.99B | $-1.20B | $-557.0M | $12.45B | $4.19B | $-1.24B |
| Net Change in Cash | $1.53B | $656.0M | $2.68B | $1.13B | $-11.0M | $2.30B | $2.51B | $4.95B |
| Free Cash Flow | $5.56B | $6.77B | $4.22B | $5.11B | $4.89B | $5.35B | $3.37B | $4.66B |