Last 45 quarters of trend data · Financial Services · Financial - Credit Services
Quarterly valuation ratios — annualised for comparability. YoY Δ shows same-quarter-prior-year change.
PayPal Holdings, Inc.'s quarterly P/E stands at 9.5x, down 50.4% year-over-year — suggesting improving earnings relative to price. EV/EBITDA has compressed 44.0% YoY to 7.4x, reflecting multiple compression or accelerating EBITDA.
| Metric | TTM | Q4 '25 | Q3 '25 | Q2 '25 | Q1 '25 | Q4 '24 | Q3 '24 | Q2 '24 | Q1 '24 | Q4 '23 | Q3 '23 | Q2 '23 | Q1 '23 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| P/E Ratio → | 8.54 | 9.54 | 12.90 | 14.40 | 12.65 | 19.22 | 19.70 | 13.43 | 20.18 | 11.90 | 15.72 | 18.13 | 27.12 |
| — | -50.4% | -34.6% | +7.2% | -37.3% | +61.5% | +25.4% | -25.9% | -25.6% | -45.9% | -16.0% | — | -59.7% | |
| P/S Ratio | 1.28 | 1.56 | 1.95 | 2.19 | 2.09 | 2.59 | 2.55 | 1.93 | 2.33 | 2.07 | 2.16 | 2.55 | 3.06 |
| — | -39.5% | -23.5% | +13.7% | -10.3% | +24.7% | +17.7% | -24.5% | -23.7% | -24.8% | -40.5% | -14.2% | -41.5% | |
| P/B Ratio | 2.21 | 2.71 | 3.25 | 3.59 | 3.22 | 4.24 | 3.96 | 2.95 | 3.47 | 3.16 | 3.25 | 3.78 | 4.34 |
| — | -36.2% | -18.0% | +22.0% | -7.2% | +34.0% | +21.8% | -22.1% | -20.0% | -21.3% | -33.8% | -7.6% | -34.1% | |
| P/FCF | 7.64 | 6.26 | 9.54 | 26.23 | 16.90 | 9.88 | 13.82 | 11.10 | 10.18 | 6.74 | 14.58 | — | 21.53 |
| — | -36.6% | -31.0% | +136.3% | +66.0% | +46.5% | -5.2% | — | -52.7% | -66.9% | -7.9% | — | -34.8% | |
| EV / EBITDA | 5.90 | 7.44 | 9.61 | 11.08 | 9.74 | 13.29 | 12.55 | 9.88 | 12.53 | 8.43 | 11.82 | 14.16 | 17.63 |
| — | -44.0% | -23.4% | +12.1% | -22.2% | +57.6% | +6.1% | -30.2% | -29.0% | -37.0% | -33.9% | -28.5% | -47.6% | |
| EV / EBIT | 6.77 | 8.16 | 10.68 | 11.75 | 10.13 | 14.91 | 14.57 | 10.52 | 13.86 | 8.93 | 12.81 | 14.28 | 19.27 |
| — | -45.2% | -26.7% | +11.7% | -26.9% | +66.9% | +13.7% | -26.3% | -28.1% | -49.1% | -17.6% | -92.2% | -62.1% |
Quarterly margins and returns. Watch for margin compression across consecutive quarters.
PayPal Holdings, Inc.'s operating margin was 19.1% in Q4 2025, up 1.0 pp QoQ and up 1.9 pp YoY. Gross margin contracted 10.9% YoY, suggesting cost inflation or competitive pricing pressure.
| Metric | TTM | Q4 '25 | Q3 '25 | Q2 '25 | Q1 '25 | Q4 '24 | Q3 '24 | Q2 '24 | Q1 '24 | Q4 '23 | Q3 '23 | Q2 '23 | Q1 '23 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Gross Margin | 47.0% | 41.9% | 46.0% | 46.4% | 47.7% | 47.0% | 46.6% | 45.8% | 45.0% | 45.8% | 45.4% | 45.9% | 47.1% |
| — | -10.9% | -1.2% | +1.4% | +6.1% | +2.8% | +2.5% | -0.4% | -4.5% | -8.0% | -10.9% | -5.6% | -7.4% | |
| Operating Margin | 19.7% | 19.1% | 18.1% | 18.1% | 19.6% | 17.2% | 17.7% | 16.8% | 15.2% | 21.5% | 15.7% | 15.5% | 14.2% |
| — | +10.9% | +1.9% | +8.0% | +29.4% | -20.0% | +12.6% | +8.1% | +6.9% | +27.8% | -3.6% | +38.5% | +29.4% | |
| Net Margin | 15.7% | 16.4% | 14.8% | 15.2% | 16.5% | 13.4% | 12.9% | 14.3% | 11.5% | 17.5% | 13.8% | 14.1% | 11.3% |
| — | +22.5% | +15.2% | +6.4% | +43.2% | -23.3% | -6.4% | +1.3% | +2.1% | +40.0% | -29.2% | +381.8% | +43.8% |
| Metric | TTM | Q4 '25 | Q3 '25 | Q2 '25 | Q1 '25 | Q4 '24 | Q3 '24 | Q2 '24 | Q1 '24 | Q4 '23 | Q3 '23 | Q2 '23 | Q1 '23 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| ROE | 25.7% | 7.1% | 6.2% | 6.2% | 6.3% | 5.5% | 5.0% | 5.5% | 4.3% | 6.9% | 5.2% | 5.2% | 4.0% |
| — | +28.6% | +24.8% | +14.2% | +48.8% | -19.6% | -4.4% | +4.8% | +7.4% | +51.3% | -22.1% | +408.3% | +64.7% | |
| ROA | 6.5% | 1.8% | 1.6% | 1.6% | 1.6% | 1.4% | 1.2% | 1.3% | 1.1% | 1.8% | 1.4% | 1.4% | 1.0% |
| — | +32.3% | +29.7% | +16.2% | +47.3% | -23.2% | -10.7% | -0.6% | +5.1% | +48.8% | -21.7% | +405.4% | +52.0% | |
| ROIC | 16.3% | 4.1% | 3.6% | 3.6% | 3.7% | 3.6% | 3.4% | 3.3% | 2.9% | 4.2% | 2.9% | 2.8% | 2.5% |
| — | +13.7% | +5.0% | +9.1% | +29.2% | -15.7% | +19.3% | +16.6% | +16.8% | +40.1% | +5.7% | +47.5% | +39.5% |
Quarterly solvency trend — watch for debt spikes or covenant pressure.
PayPal Holdings, Inc.'s Debt/EBITDA ratio is 5.2x, down from 6.4x last quarter — elevated, raising questions about debt serviceability.
| Metric | TTM | Q4 '25 | Q3 '25 | Q2 '25 | Q1 '25 | Q4 '24 | Q3 '24 | Q2 '24 | Q1 '24 | Q4 '23 | Q3 '23 | Q2 '23 | Q1 '23 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Debt / Equity | 0.49 | 0.49 | 0.56 | 0.56 | 0.56 | 0.48 | 0.49 | 0.47 | 0.47 | 0.46 | 0.54 | 0.54 | 0.53 |
| — | +1.9% | +12.9% | +18.6% | +20.5% | +5.3% | -8.3% | -12.1% | -11.4% | -10.5% | +2.5% | -0.1% | +17.9% | |
| Debt / EBITDA | 1.33 | 5.24 | 6.39 | 6.48 | 6.43 | 5.85 | 6.06 | 6.13 | 6.76 | 4.86 | 7.40 | 7.52 | 8.26 |
| — | -10.4% | +5.4% | +5.8% | -4.8% | +20.3% | -18.1% | -18.6% | -18.2% | -26.8% | +0.5% | -22.2% | -6.9% | |
| Current Ratio | 1.29 | 1.29 | 1.34 | 1.33 | 1.30 | 1.26 | 1.25 | 1.24 | 1.28 | 1.29 | 1.30 | 1.30 | 1.29 |
| — | +1.9% | +7.4% | +7.0% | +1.7% | -2.2% | -4.4% | -4.2% | -0.8% | +1.2% | +2.3% | +5.8% | +8.1% | |
| Quick Ratio | 1.29 | 1.29 | 1.34 | 1.33 | 1.30 | 1.26 | 1.25 | 1.24 | 1.28 | 1.29 | 1.30 | 1.30 | 1.29 |
| — | +1.9% | +7.4% | +7.0% | +1.7% | -2.2% | -4.4% | -4.2% | -0.8% | +1.2% | +2.3% | +5.8% | +8.1% | |
| Interest Coverage | 14.89 | 15.07 | 7.00 | 13.19 | 14.85 | 14.86 | 13.12 | 14.25 | 13.58 | 19.86 | 13.58 | 13.02 | 11.48 |
| — | — | — | — | — | — | — | — | — | — | — | — | — |
Includes 30+ ratios · 45 years · Updated daily
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Start ComparisonPayPal Holdings, Inc.'s current P/E is 8.5x. The average P/E over the last 4 quarters is 12.4x. Quarterly P/E ratios can vary due to seasonal revenue patterns and one-time charges.
PayPal Holdings, Inc.'s current operating margin is 19.7%. Margins have been compressing over recent quarters. Quarterly margins are particularly useful for identifying trend inflections that annual data smooths over.
Quarterly financial ratios reveal short-term trend shifts — margin compression, debt spikes, or valuation re-ratings — that annual figures smooth over. They're essential for active investors tracking PayPal Holdings, Inc.'s business trajectory between earnings reports.