PayPal Holdings, Inc. (PYPL) FY2026 Q1 Statement of Cash Flows

Income StatementCash FlowBalance Sheet

Statement of Cash Flows

2026-01-01 to 2026-03-31

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PayPal Holdings, Inc. cash flow reconciliation, Jan 1, 2026 through Mar 31, 2026One connected Sankey reconciles operating, investing and financing net cash flows through a shared cash pool, from beginning cash to ending cash. Ribbons flow left to right on one dollar scale. Activity totals are dark gray; beginning and ending cash are blue. Cash basis for beginning and ending balances and net cash change: Cash, cash equivalents, and restricted cash. Intermediate calculation bars are lighter gray. Net income is green for profit and red for loss. Identified asset purchases, sales and maturities are blue in either cash direction. Purple identifies capital transactions such as borrowing, repayments, share issuance and dividends. Free cash flow is a separate comparison, not an added cash flow. Read chart description and values below for full signed amounts, including zero items.Net income (loss) → Net cash from operating activities: $1,113,000,000.00Proceeds from repayments and sales of loans receivable, originally classified as held for sale → Operating adjustments reconciliation: $11,073,000,000.00Transaction and credit losses → Operating adjustments reconciliation: $378,000,000.00Stock-based compensation → Operating adjustments reconciliation: $259,000,000.00Other current assets and non-current assets → Operating adjustments reconciliation: $249,000,000.00Depreciation and amortization → Operating adjustments reconciliation: $238,000,000.00Net (gains) losses on strategic investments → Operating adjustments reconciliation: $101,000,000.00Other → Operating adjustments reconciliation: $70,000,000.00Adjustments to loans and interest receivable, held for sale → Operating adjustments reconciliation: $61,000,000.00Operating adjustments reconciliation → Net cash from operating activities: $21,000,000.00Operating adjustments reconciliation → Originations of loans receivable, held for sale: $11,306,000,000.00Operating adjustments reconciliation → Other current liabilities and non-current liabilities: $437,000,000.00Operating adjustments reconciliation → Transaction loss allowance for cash losses, net: $313,000,000.00Operating adjustments reconciliation → Deferred income taxes: $290,000,000.00Operating adjustments reconciliation → Accounts payable: $52,000,000.00Operating adjustments reconciliation → Accretion of discounts on investments, net of amortization of premiums: $8,000,000.00Operating adjustments reconciliation → Accounts receivable: $2,000,000.00Maturities and sales of investments → investing reconciliation: $4,521,000,000.00Proceeds from repayments and sales of loans receivable, originally classified as held for investment → investing reconciliation: $3,754,000,000.00Collateral posted related to derivative instruments, net → investing reconciliation: $110,000,000.00Proceeds from sales of property and equipment → investing reconciliation: $8,000,000.00investing reconciliation → Purchases of investments: $5,923,000,000.00investing reconciliation → Purchases and originations of loans receivable: $3,865,000,000.00investing reconciliation → Funds receivable: $352,000,000.00investing reconciliation → Purchases of property and equipment: $231,000,000.00investing reconciliation → Acquisitions, net of cash acquired: $122,000,000.00Net cash used in financing activities → financing reconciliation: $559,000,000.00Funds payable and amounts due to customers → financing reconciliation: $1,094,000,000.00Borrowings under financing arrangements → financing reconciliation: $930,000,000.00Collateral received related to derivative instruments and reverse repurchase agreements, net → financing reconciliation: $108,000,000.00financing reconciliation → Purchases of treasury stock: $1,500,000,000.00financing reconciliation → Repayments under financing arrangements: $932,000,000.00financing reconciliation → Payments of dividends to stockholders: $130,000,000.00financing reconciliation → Tax withholdings related to net share settlements of equity awards: $127,000,000.00financing reconciliation → Other: $2,000,000.00Net cash used in investing activities → investing reconciliation: $2,100,000,000.00Beginning cash: Cash, cash equivalents, and restricted cash → Cash sources and uses: $24,018,000,000.00Net cash from operating activities → Cash sources and uses: $1,134,000,000.00Cash sources and uses → Exchange-rate effect: $50,000,000.00Cash sources and uses → Ending cash: Cash, cash equivalents, and restricted cash: $22,443,000,000.00Cash sources and uses → Net cash used in investing activities: $2,100,000,000.00Cash sources and uses → Net cash used in financing activities: $559,000,000.00Net income (loss): $1,113,000,000.00Net income (loss)+$1.11 BTransaction and credit losses: $378,000,000.00Transaction and credit losses+$378.00 MDepreciation and amortization: $238,000,000.00Depreciation & amortization+$238.00 MStock-based compensation: $259,000,000.00Stock-based compensation+$259.00 MDeferred income taxes: -$290,000,000.00Deferred income taxes−$290.00 MNet (gains) losses on strategic investments: $101,000,000.00Investment gain & loss+$101.00 MAccretion of discounts on investments, net of amortization of premiums: -$8,000,000.00Investment discount & premium−$8.00 MAdjustments to loans and interest receivable, held for sale: $61,000,000.00Loan sale gain & loss+$61.00 MOther: $70,000,000.00Other non-cash items+$70.00 MOriginations of loans receivable, held for sale: -$11,306,000,000.00Loan originations for sale−$11.31 BProceeds from repayments and sales of loans receivable, originally classified as held for sale: $11,073,000,000.00Held-for-sale loan proceeds+$11.07 BAccounts receivable: -$2,000,000.00Accounts receivable−$2.00 MTransaction loss allowance for cash losses, net: -$313,000,000.00Transaction loss allowance, net−$313.00 MOther current assets and non-current assets: $249,000,000.00Other operating assets+$249.00 MAccounts payable: -$52,000,000.00Trade payables−$52.00 MOther current liabilities and non-current liabilities: -$437,000,000.00Other operating liabilities−$437.00 MNet cash from operating activities: $1,134,000,000.00Operating cash+$1.13 BOperating adjustments reconciliation: $12,429,000,000.00Purchases of treasury stock: -$1,500,000,000.00Common stock repurchases−$1.50 BTax withholdings related to net share settlements of equity awards: -$127,000,000.00Stock-award tax withholding−$127.00 MBorrowings under financing arrangements: $930,000,000.00Debt issued+$930.00 MRepayments under financing arrangements: -$932,000,000.00Debt repaid−$932.00 MFunds payable and amounts due to customers: $1,094,000,000.00Customer funds payable+$1.09 BCollateral received related to derivative instruments and reverse repurchase agreements, net: $108,000,000.00Derivative/repo collateral, net+$108.00 MPayments of dividends to stockholders: -$130,000,000.00Dividends paid−$130.00 MOther: -$2,000,000.00Other financing, net−$2.00 MNet cash used in financing activities: -$559,000,000.00. Cash required to fund net payments.Financing cash−$559.00 Mfinancing reconciliation: $2,691,000,000.00Purchases of reverse repurchase agreements: $0.00Maturities of reverse repurchase agreements: $0.00Purchases of property and equipment: -$231,000,000.00PP&E purchases−$231.00 MProceeds from sales of property and equipment: $8,000,000.00PP&E sales+$8.00 MPurchases and originations of loans receivable: -$3,865,000,000.00Loan purchases & originations−$3.87 BProceeds from repayments and sales of loans receivable, originally classified as held for investment: $3,754,000,000.00Loan sales & repayments+$3.75 BPurchases of investments: -$5,923,000,000.00Investment purchases−$5.92 BMaturities and sales of investments: $4,521,000,000.00Investment maturities & sales+$4.52 BFunds receivable: -$352,000,000.00Funds receivable−$352.00 MCollateral posted related to derivative instruments, net: $110,000,000.00Derivative collateral paid, net+$110.00 MAcquisitions, net of cash acquired: -$122,000,000.00Acquisitions, net of cash−$122.00 MNet cash used in investing activities: -$2,100,000,000.00. Cash required to fund net payments.Investing cash−$2.10 Binvesting reconciliation: $10,493,000,000.00Cash sources and uses: $25,152,000,000.00Beginning cash: Cash, cash equivalents, and restricted cash: $24,018,000,000.00Beginning cash$24.02 BEnding cash: Cash, cash equivalents, and restricted cash: $22,443,000,000.00Ending cash$22.44 BExchange-rate effect: -$50,000,000.00FX effect−$50.00 MCASH RECONCILIATIONOperatingflowsInvestingflowsFinancingflowsFree cash flow$903.00 MOperating cash − cash spent on PP&ECash flow / Net income1.02×Operating cash flow ÷ net incomeNet cash change−$1.58 BEnding cash − beginning cash
Chart details

PayPal Holdings, Inc. cash flow reconciliation, Jan 1, 2026 through Mar 31, 2026

Cash flows for Jan 1, 2026 through Mar 31, 2026. Cash basis: Cash, cash equivalents, and restricted cash. Beginning cash: Dec 31, 2025. Ending cash: Mar 31, 2026. Beginning and ending cash are dated balances. Positive cash flows add cash; negative cash flows reduce it.

Beginning cash on Dec 31, 2025
24,018,000,000 US dollars. Beginning cash: Cash, cash equivalents, and restricted cash
Operating activities
1,134,000,000 US dollars. Net cash provided.
Net income (loss)
1,113,000,000 US dollars
Transaction and credit losses
378,000,000 US dollars
Depreciation and amortization
238,000,000 US dollars
Stock-based compensation
259,000,000 US dollars
Deferred income taxes
negative 290,000,000 US dollars
Net (gains) losses on strategic investments
101,000,000 US dollars
Accretion of discounts on investments, net of amortization of premiums
negative 8,000,000 US dollars
Adjustments to loans and interest receivable, held for sale
61,000,000 US dollars
Other
70,000,000 US dollars
Originations of loans receivable, held for sale
negative 11,306,000,000 US dollars
Proceeds from repayments and sales of loans receivable, originally classified as held for sale
11,073,000,000 US dollars
Accounts receivable
negative 2,000,000 US dollars
Transaction loss allowance for cash losses, net
negative 313,000,000 US dollars
Other current assets and non-current assets
249,000,000 US dollars
Accounts payable
negative 52,000,000 US dollars
Other current liabilities and non-current liabilities
negative 437,000,000 US dollars
Investing activities
negative 2,100,000,000 US dollars. Net cash used.
Purchases of reverse repurchase agreements
0 US dollars
Maturities of reverse repurchase agreements
0 US dollars
Purchases of property and equipment
negative 231,000,000 US dollars
Proceeds from sales of property and equipment
8,000,000 US dollars
Purchases and originations of loans receivable
negative 3,865,000,000 US dollars
Proceeds from repayments and sales of loans receivable, originally classified as held for investment
3,754,000,000 US dollars
Purchases of investments
negative 5,923,000,000 US dollars
Maturities and sales of investments
4,521,000,000 US dollars
Funds receivable
negative 352,000,000 US dollars
Collateral posted related to derivative instruments, net
110,000,000 US dollars
Acquisitions, net of cash acquired
negative 122,000,000 US dollars
Financing activities
negative 559,000,000 US dollars. Net cash used.
Purchases of treasury stock
negative 1,500,000,000 US dollars
Tax withholdings related to net share settlements of equity awards
negative 127,000,000 US dollars
Borrowings under financing arrangements
930,000,000 US dollars
Repayments under financing arrangements
negative 932,000,000 US dollars
Funds payable and amounts due to customers
1,094,000,000 US dollars
Collateral received related to derivative instruments and reverse repurchase agreements, net
108,000,000 US dollars
Payments of dividends to stockholders
negative 130,000,000 US dollars
Other
negative 2,000,000 US dollars
Operating adjustment reconciliation
12,429,000,000 US dollars. Intermediate calculation joining the operating reconciliation branches. Its gross amount includes any portion of net income routed through this junction. It is not an additional cash source or use.
financing gross reconciliation
2,691,000,000 US dollars. Gross amount at the activity's junction before offsetting its receipts and deductions. It is not an additional cash source or use.
investing gross reconciliation
10,493,000,000 US dollars. Gross amount at the activity's junction before offsetting its receipts and deductions. It is not an additional cash source or use.
Exchange-rate effect
negative 50,000,000 US dollars
Ending cash on Mar 31, 2026
22,443,000,000 US dollars. Ending cash: Cash, cash equivalents, and restricted cash
Cash sources and uses
25,152,000,000 US dollars. Opening cash plus net sources, equal to net uses plus ending cash.
Net cash change
negative 1,575,000,000 US dollars. Ending cash minus beginning cash.
Cash flow / Net income
1.02×. Operating cash flow divided by reconciliation net income for the same period. Black from 0.90× through 1.10×; green above 1.10×; red below 0.90×. Color uses the unrounded ratio.
Operating cash flow
1,134,000,000 US dollars. Operating cash flow used in the free cash flow calculation.
Cash purchases of property, plant and equipment
231,000,000 US dollars. These cash purchases are already included in investing activities above.
Free cash flow
903,000,000 US dollars. A supplemental measure; finance-lease payments are excluded from this definition.

Chart connections

  • Beginning cash plus operating, investing and financing cash flows plus the exchange-rate effect equals ending cash. Negative amounts reduce cash.
  • Financing contributions meet at a reconciliation junction before connecting to the net cash total.
  • Investing contributions meet at a reconciliation junction before connecting to the net cash total.
  • Operating reconciliation adjustments are not all independent cash receipts.
  • Net income enters operating cash directly in the reconciliation. The adjustment junction contributes the remaining $21.00M after reconciling the other positive and negative adjustments. These connections depict an accounting reconciliation, not traced cash receipts.
  • Each activity has one net cash bar connected to the shared cash pool. Positive activity totals enter the pool; negative activity totals leave the pool to fund that activity's net payments. The central pool does not assign a particular funding source to a particular payment.
  • The intermediate calculation bars include both sides of the displayed activity breakdowns; they are not additional cash flows.
  • Operating cash flow minus cash purchases of property, plant and equipment equals free cash flow: 1,134,000,000 US dollars minus 231,000,000 US dollars equals 903,000,000 US dollars.
PayPal Holdings, Inc. (PYPL) FY2026 Q1 Statement of Cash Flows Sankey chart
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