PayPal Holdings Inc (PYPL) - Net Assets
Based on the latest financial reports, PayPal Holdings Inc (PYPL) has net assets worth $19.82 Billion USD as of June 2026. Net assets (also known as shareholders' equity or book value) represent the difference between a company's total assets ($82.74 Billion) and total liabilities ($62.92 Billion). This figure indicates the residual interest in the assets after deducting liabilities, essentially showing what would remain for shareholders if all assets were liquidated and all debts paid off. Check strategic asset allocation of PayPal Holdings Inc to assess the company's strategic physical and investment asset allocation.
Key Net Assets Metrics
| Metric | Value |
|---|---|
| Current Net Assets | $19.82 Billion |
| % of Total Assets | 23.96% |
| Annual Growth Rate | 8.77% |
| 5-Year Change | -6.77% |
| 10-Year Change | 37.68% |
| Growth Volatility | 18.51 |
PayPal Holdings Inc - Net Assets Trend (2013–2025)
This chart illustrates how PayPal Holdings Inc's net assets have evolved over time, based on quarterly financial data. For live market cap and overall valuation, see PYPL market cap overview.
Annual Net Assets for PayPal Holdings Inc (2013–2025)
The table below shows the annual net assets of PayPal Holdings Inc from 2013 to 2025. Also explore PYPL net assets growth trend to track the company's year-over-year net asset growth rate.
| Year | Net Assets | Change |
|---|---|---|
| 2025-12-31 | $20.26 Billion | -0.79% |
| 2024-12-31 | $20.42 Billion | -3.01% |
| 2023-12-31 | $21.05 Billion | +3.83% |
| 2022-12-31 | $20.27 Billion | -6.69% |
| 2021-12-31 | $21.73 Billion | +8.29% |
| 2020-12-31 | $20.06 Billion | +18.51% |
| 2019-12-31 | $16.93 Billion | +10.03% |
| 2018-12-31 | $15.39 Billion | -3.80% |
| 2017-12-31 | $15.99 Billion | +8.71% |
| 2016-12-31 | $14.71 Billion | +6.93% |
| 2015-12-31 | $13.76 Billion | +66.82% |
| 2014-12-31 | $8.25 Billion | +11.61% |
| 2013-12-31 | $7.39 Billion | -- |
Equity Component Analysis
This analysis shows how different components contribute to PayPal Holdings Inc's total equity over time. Equity components include common stock, retained earnings, additional paid-in capital, and other elements.
Equity Composition Insights
- Retained earnings have grown by 3247000000000.0% over the analyzed period, indicating profitable operations and earnings retention.
Current Equity Component Breakdown (December 2025)
| Component | Amount | Percentage |
|---|---|---|
| Retained Earnings | $32.47 Billion | 160.30% |
| Other Comprehensive Income | $-658.00 Million | -3.25% |
| Total Equity | $20.26 Billion | 100.00% |
PayPal Holdings Inc Competitors by Market Cap
The table below lists competitors of PayPal Holdings Inc ranked by their market capitalization.
| Company | Market Cap |
|---|---|
|
Rockwell Automation Inc
NYSE:ROK
|
$46.40 Billion |
|
DSV Panalpina A/S
CO:DSV
|
$46.49 Billion |
|
L3Harris Technologies Inc
NYSE:LHX
|
$46.49 Billion |
|
Diageo plc
MX:DEON
|
$46.64 Billion |
|
Danone SA
PA:BN
|
$46.36 Billion |
|
KBC Groep NV
BR:KBC
|
$46.27 Billion |
|
COMPASS GROUP
F:XGR
|
$46.25 Billion |
|
Nu Holdings Ltd.
F:M1Z
|
$46.24 Billion |
Equity Growth Attribution
This analysis shows how different factors contributed to changes in PayPal Holdings Inc's equity between the two most recent reporting periods.
Equity Growth Insights
- From 2024 to 2025, total equity changed from 20,417,000,000 to 20,256,000,000, a change of -161,000,000 (-0.8%).
- Net income of 5,233,000,000 contributed positively to equity growth.
- Dividend payments of 130,000,000 reduced retained earnings.
- Share repurchases of 6,052,000,000 reduced equity.
- New share issuances of 117,000,000 increased equity.
- Other comprehensive income decreased equity by 108,000,000.
- Other factors increased equity by 779,000,000.
Equity Change Factors (2024 to 2025)
| Factor | Impact | Contribution |
|---|---|---|
| Net Income | $5.23 Billion | +25.83% |
| Dividends Paid | $130.00 Million | -0.64% |
| Share Repurchases | $6.05 Billion | -29.88% |
| Share Issuances | $117.00 Million | +0.58% |
| Other Comprehensive Income | $-108.00 Million | -0.53% |
| Other Changes | $779.00 Million | +3.85% |
| Total Change | $- | -0.79% |
Book Value vs Market Value Analysis
This analysis compares PayPal Holdings Inc's book value (net assets) with its market value over time. The relationship between these values can provide insights into investor sentiment and company valuation.
Valuation Insights
- Current price-to-book ratio: 2.57x
- The company is trading above its book value, indicating the market recognizes value beyond its reported assets.
- The price-to-book ratio has decreased from 8.95x to 2.57x over the analyzed period, indicating reduced market premium.
Historical Price-to-Book Ratios
| Date | Book Value per Share | Market Price | P/B Ratio |
|---|---|---|---|
| 2013-12-31 | $6.01 | $53.81 | x |
| 2014-12-31 | $6.54 | $53.81 | x |
| 2015-12-31 | $11.20 | $53.81 | x |
| 2016-12-31 | $12.08 | $53.81 | x |
| 2017-12-31 | $13.10 | $53.81 | x |
| 2018-12-31 | $12.79 | $53.81 | x |
| 2019-12-31 | $14.25 | $53.81 | x |
| 2020-12-31 | $16.90 | $53.81 | x |
| 2021-12-31 | $18.32 | $53.81 | x |
| 2022-12-31 | $17.51 | $53.81 | x |
| 2023-12-31 | $19.02 | $53.81 | x |
| 2024-12-31 | $19.65 | $53.81 | x |
| 2025-12-31 | $20.93 | $53.81 | x |
Capital Efficiency Dashboard
This dashboard shows how efficiently PayPal Holdings Inc utilizes its equity to generate returns, including Return on Equity (ROE) and its components based on the DuPont analysis framework.
Capital Efficiency Insights
- Current Return on Equity (ROE): 25.83%
- The company demonstrates strong efficiency in generating profits from shareholder equity.
- DuPont Analysis Breakdown:
- • Net Profit Margin: 15.78%
- • Asset Turnover: 0.41x
- • Equity Multiplier: 3.96x
- Recent ROE (25.83%) is above the historical average (14.92%), indicating improving capital efficiency.
Historical Capital Efficiency Metrics
| Year | Return on Equity | Net Profit Margin | Asset Turnover | Equity Multiplier | Economic Value Added |
|---|---|---|---|---|---|
| 2013 | 12.92% | 14.20% | 0.35x | 2.59x | $216.00 Million |
| 2014 | 5.08% | 5.22% | 0.37x | 2.66x | $-405.80 Million |
| 2015 | 8.93% | 13.28% | 0.32x | 2.10x | $-147.90 Million |
| 2016 | 9.52% | 12.92% | 0.33x | 2.25x | $-70.20 Million |
| 2017 | 11.22% | 13.71% | 0.32x | 2.55x | $195.60 Million |
| 2018 | 13.37% | 13.31% | 0.36x | 2.82x | $518.40 Million |
| 2019 | 14.53% | 13.84% | 0.35x | 3.03x | $766.10 Million |
| 2020 | 20.94% | 19.59% | 0.30x | 3.51x | $2.20 Billion |
| 2021 | 19.19% | 16.43% | 0.33x | 3.49x | $2.00 Billion |
| 2022 | 11.93% | 8.79% | 0.35x | 3.88x | $391.60 Million |
| 2023 | 20.17% | 14.26% | 0.36x | 3.90x | $2.14 Billion |
| 2024 | 20.31% | 13.04% | 0.39x | 4.00x | $2.11 Billion |
| 2025 | 25.83% | 15.78% | 0.41x | 3.96x | $3.21 Billion |
Industry Comparison
This section compares PayPal Holdings Inc's net assets metrics with peer companies in the Credit Services industry.
Industry Context
- Industry: Credit Services
- Average net assets among peers: $9,341,514,965
- Average return on equity (ROE) among peers: 17.71%
Peer Company Comparison
| Company | Net Assets | Return on Equity | Debt-to-Equity | Market Cap |
|---|---|---|---|---|
| PayPal Holdings Inc (PYPL) | $19.82 Billion | 12.92% | 3.17x | $46.38 Billion |
| Affirm Holdings Inc (AFRM) | $3.07 Billion | 1.70% | 2.63x | $21.40 Billion |
| Federal Agricultural Mortgage Corporation (AGM) | $1.41 Billion | 14.17% | 19.91x | $2.09 Billion |
| Federal Agricultural Mortgage Corporation (AGM-A) | $781.83 Million | 6.15% | 17.27x | $160.82 Million |
| Ally Financial Inc (ALLY) | $14.37 Billion | 14.79% | 19.00x | $12.59 Billion |
| Antalpha Platform Holding Co (ANTA) | $202.32 Million | 9.14% | 10.90x | $84.29 Million |
| Atlanticus Holdings Corporation (ATLC) | $40.34 Million | 65.56% | 22.21x | $1.41 Billion |
| American Express Company (AXP) | $23.07 Billion | 29.30% | 7.60x | $215.64 Billion |
| Bread Financial Holdings, Inc. (BFH) | $2.63 Billion | 19.24% | 6.70x | $4.12 Billion |
| Credit Acceptance Corporation (CACC) | $323.85 Million | 9.17% | 1.60x | $6.04 Billion |
| Capital One Financial Corporation (COF) | $47.51 Billion | 7.89% | 6.51x | $126.90 Billion |
About PayPal Holdings Inc
PayPal Holdings, Inc. operates a technology platform that enables digital payments for merchants and consumers worldwide. The company operates a two-sided network at scale that connects merchants and consumers that enables its customers to connect, transact, and send and receive payments through online and in person, as well as transfer and withdraw funds using various funding sources, such as ba… Read more