PayPal Holdings reported second-quarter 2026 revenue of $8.68 billion on 28 July 2026, with an $81 million earnings adjustment attributed to crypto assets [Brief - 2026-07-29]. During the period, the company noted expansion of its stablecoin offerings and the integration of AI-driven payment tools into its platform [Brief - 2026-09-20]. A second briefing published on 12 September 2026 reiterated the same Q2 2026 figures, confirming the crypto-related earnings adjustment and product developments remained the primary reported operational items in the most recent disclosure cycle [Brief - 2026-09-12].
As of the quarter ending 31 March 2026, PayPal's trailing twelve-month revenue stood at $33.73 billion, representing 7.21% year-over-year growth, while net income over the same period was $5.06 billion. The operating margin was recorded at 17.85% and net margin at 15.00%. EPS on a year-over-year basis declined 6.20%. The company held $6.98 billion in cash against total debt of $10.88 billion. The P/E ratio was 10.33 against a market capitalisation of approximately $49.10 billion at the reporting date [SEC 10-Q - PYPL - 2026-03-31].
Insider activity in September 2026 comprised 22 recorded transactions with a net direction of selling, totalling a net disposal value of approximately $474,188 [SEC Form 4 - PYPL - 2026-09]. On the institutional side, five notable firms opened new positions in PYPL during the most recent 13F reporting period: Citadel, AQR Capital, Millennium Management, Coatue Management, and Bridgewater Associates each initiated positions, representing the primary trigger for this report [SEC 13F - Citadel - Q2 2026; SEC 13F - AQR Capital - Q2 2026; SEC 13F - Millennium - Q2 2026; SEC 13F - Coatue - Q2 2026; SEC 13F - Bridgewater - Q2 2026].
The prevailing macro environment as of the report generation date shows the 10-year US Treasury yield at 5.18% and the 2-year yield at 4.87%, producing a normal yield curve shape with a spread of approximately 31 basis points [FRED DGS10; FRED DGS2]. This rate environment represents the broader context within which PYPL's debt position of $10.88 billion and its cash holdings of $6.98 billion are situated as of the most recent quarterly filing.