PayPal vs Block
PayPal is the larger business, with $33.17bn of revenue in fiscal 2025 against $24.19bn for Block (1.4 times as much). PayPal grew faster (4.3% against 0.3%). PayPal kept more of each dollar of sales as profit: a net margin of 15.8% against 5.4%.
| Latest fiscal year | PayPalPYPL, 2025 | BlockXYZ, 2025 |
|---|---|---|
| Revenue | $33.17bn | $24.19bn |
| Revenue growth | 4.3% | 0.3% |
| Net income | $5.23bn | $1.31bn |
| Operating margin | 18.3% | — |
| Net margin | 15.8% | 5.4% |
| Return on equity | 25.7% | 6.0% |
| Free cash flow | $5.56bn | $2.42bn |
| Cash | $8.05bn | $6.56bn |
| Total debt | $11.58bn | $7.35bn |
| Debt to equity | 57.2% | — |
| Dividend per share | $0.14 | — |
| Dividend yield | 1.0% | — |
| Share buybacks | $6.05bn | $2.33bn |
| Employees | 23,800 | 10,205 |
| Market value | $48.91bn | $46.33bn |
| Price vs our value range | Below our value range | Above our value range |
| Moat score | 66 (Moderate) | 47 (Moderate) |
| Insider trades, 12 months | 1 buys, 38 sales | 0 buys, 149 sales |