PayPal Holdings
Financial ratios & Valuation

Forward Multiples (2025 – 2027)

202520262027
Price/Earnings ratio
15.7614.0113.47
Price/Sales ratio
2.332.152.08
Earnings per Share (EPS)
$4.37$4.92$5.12

Historical Multiples (2014 – 2023)

2014 2015 2016 2017 2018 2019 2020 2021 2022 2023 TTM Median
Valuation Ratios
Price/Earnings ratio
106.7136.0234.0849.3348.4051.6465.3753.1033.9715.9535.1051.64
Price/Sales ratio
5.574.784.406.766.447.1412.808.722.982.273.087.14
Price/Book Value ratio
5.423.213.245.536.477.5213.7210.184.053.214.187.52
Price/Cash Flow ratio
20.1417.3715.1234.9918.1631.1944.1738.1914.1313.9814.6031.19
Price/Free Cash Flow ratio
25.8724.2519.1847.5121.3737.7151.3245.2816.0916.0516.6237.71
Price/Earnings Growth ratio
-1.820.182.131.732.882.560.91-63.37-0.830.19-0.862.56
Dividend Yield
N/AN/AN/AN/AN/AN/AN/AN/AN/AN/AN/AN/A
Profitability Indicator Ratios
Gross Profit Margin
64.90%63.02%59.10%58.53%55.63%54.02%54.90%55.16%50.05%46.03%50.05%54.02%
Operating Profit Margin
15.80%15.79%14.62%16.24%14.19%15.29%15.33%16.79%13.94%16.88%14.69%14.19%
Pretax Profit Margin
15.71%16.09%15.04%16.80%15.37%16.86%23.60%16.15%12.23%18.17%12.23%16.86%
Net Profit Margin
5.22%13.27%12.92%13.70%13.31%13.83%19.58%16.43%8.79%14.26%8.79%13.83%
Effective Tax Rate
66.77%17.47%14.10%18.40%13.42%17.97%17.03%-1.70%28.13%21.53%28.13%13.42%
Return on Assets
1.91%4.25%4.23%4.40%4.74%4.79%5.97%5.49%3.07%5.16%3.07%4.79%
Return On Equity
5.08%8.92%9.52%11.22%13.36%14.56%20.99%19.18%11.93%20.17%11.95%14.56%
Return on Capital Employed
14.68%9.57%9.77%11.87%12.58%11.13%10.29%13.00%11.41%14.91%12.03%11.13%
Liquidity Ratios
Current Ratio
N/A1.511.521.421.271.431.32N/AN/AN/A1.271.27
Quick Ratio
1.321.511.521.421.271.431.321.221.271.291.231.43
Cash ratio
0.160.100.090.120.290.270.120.120.170.180.170.27
Days of Sales Outstanding
680.28654.45670.78731.36541.13553.16625.47601.16592.34563.97593.57541.13
Days of Inventory outstanding
N/AN/AN/AN/AN/AN/AN/AN/A0.45N/AN/AN/A
Operating Cycle
680.28654.45670.78731.36541.13553.16625.47601.16592.79563.97146.36553.16
Days of Payables Outstanding
14.901.32K1.26K1.34K1.16K1.10K1.34K1.25K1.06K955.811.06K1.10K
Cash Conversion Cycle
665.38-669.96-593.21-612.94-621.91-552.95-720.21-651.47-473.12-391.83-474.81-621.91
Debt Ratios
Debt Ratio
0.06N/AN/A0.020.040.090.120.110.130.110.740.04
Debt Equity Ratio
0.17N/AN/A0.060.120.290.440.410.510.452.880.12
Long-term Debt to Capitalization
0.04N/AN/AN/AN/A0.220.300.270.330.310.330.33
Total Debt to Capitalization
0.15N/AN/A0.050.110.220.300.290.330.31N/A0.22
Interest Coverage Ratio
N/AN/AN/AN/A32.5024.2616.40N/AN/AN/A13.3024.26
Cash Flow to Debt Ratio
1.50N/AN/A2.532.740.810.690.640.550.50N/A0.81
Company Equity Multiplier
2.652.092.252.542.813.043.513.483.883.903.882.81
Cash Flow Ratios
Operating Cash Flow / Sales Ratio
0.270.270.290.190.350.220.280.220.210.160.210.22
Free Cash Flow / Operating Cash Flow Ratio
0.770.710.780.730.840.820.860.840.870.870.870.84
Cash Flow Coverage Ratio
1.50N/AN/A2.532.740.810.690.640.550.50N/A0.81
Short Term Coverage Ratio
2.03N/AN/A2.532.74N/AN/A5.80N/AN/AN/AN/A
Dividend Payout Ratio
N/AN/AN/AN/AN/AN/AN/AN/AN/AN/AN/AN/A