PayPal Holdings Inc.
Cash Flow Statement
| Line Item | Mar 2026 | Sep 2025 | Jun 2025 | Mar 2025 | Sep 2024 | Jun 2024 | Mar 2024 | Sep 2023 |
|---|---|---|---|---|---|---|---|---|
| Operating Activities | ||||||||
| Net Income | $1.11B | $1.25B | $1.26B | $1.29B | $1.01B | $1.13B | $888.0M | $1.02B |
| Depreciation & Amortization | $238.0M | — | — | $245.0M | — | — | $265.0M | — |
| Depreciation | — | — | — | — | — | — | — | — |
| Amortization | $32.0M | $47.0M | $48.0M | $47.0M | $51.0M | $52.0M | $56.0M | $57.0M |
| Stock-Based Compensation | $259.0M | — | — | $249.0M | — | — | $365.0M | — |
| Net Cash from Operating Activities | $1.13B | $1.97B | $898.0M | $1.16B | $1.61B | $1.53B | $1.92B | $1.26B |
| Investing Activities | ||||||||
| Capital Expenditures | $231.0M | $256.0M | $206.0M | $196.0M | $169.0M | $157.0M | $154.0M | $158.0M |
| Business Acquisitions | $122.0M | — | — | $0 | — | — | — | — |
| Net Cash from Investing Activities | $-2.10B | — | — | $-3.64B | — | — | $980.0M | — |
| Financing Activities | ||||||||
| Dividends Paid | $130.0M | — | — | $0 | — | — | — | — |
| Stock Repurchases | $1.50B | — | — | $1.50B | — | — | $1.50B | — |
| Net Cash from Financing Activities | $-559.0M | — | — | $994.0M | — | — | $-2.36B | — |
| Net Change in Cash | $-1.58B | — | — | $-1.39B | — | — | $441.0M | — |
| Free Cash Flow | $903.0M | $1.72B | $692.0M | $964.0M | $1.45B | $1.37B | $1.76B | $1.10B |