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PayPal cash flow statement

In fiscal 2025, PayPal's operations generated $6.42bn of cash; it spent $852m on capital projects, leaving free cash flow of $5.56bn. It returned $130m in dividends and $6.05bn through buybacks.

Cash flow statement

US$ millions unless shown otherwise. Fiscal years, plus the last twelve months (LTM) when newer.

Fiscal year2013Dec 20132014Dec 20142015Dec 20152016Dec 20162017Dec 20172018Dec 20182019Dec 20192020Dec 20202021Dec 20212022Dec 20222023Dec 20232024Dec 20242025Dec 2025LTMSept 2026
Cash from operations1,9932,2202,5463,1582,5315,4804,0716,2195,7975,8134,8437,4506,4167,093
Depreciation and amortisation4535166087248057769121,1891,2651,3171,0721,032963969
Stock-based pay2532993464387338531,0211,3761,3761,2611,4751,2301,0021,031
Capital spending391492722669667823704866908706623683852794
Free cash flow1,6021,7281,8242,4891,8644,6573,3675,3534,8895,1074,2206,7675,5646,299
Free cash flow after stock pay1,3491,4291,4782,0511,1313,8042,3463,9773,5133,8462,7455,5374,5625,268
Dividends paid——————————00130500
Share buybacks—009951,0063,5201,4111,6353,3734,1995,0026,0476,0526,054
Shares issued007510914414413813716214312795117—

Free cash flow is cash from operations minus capital spending. Free cash flow after stock pay also subtracts stock-based compensation, a real cost to shareholders that the cash flow statement adds back. Dividends, buybacks and shares issued are cash amounts for the period.

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Figures from PayPal's SEC filings (10-K and 10-Q), retrieved October 29, 2026. How we read and check them: methodology and data sources. Not investment advice. Back to PayPal.