PYPL
PayPal Holdings
Platform / Network
★ Quality 56/100Price today
$54.96
This company value is already calculated
We know what it is worth from its audited numbers, and whether it trades above or below that today. Create your free account to see it.
See what it is worthcharlieapp.co
What this business is made of
The business
Charges a tiny toll on every online payment, two trillion times over.
PayPal moves money between buyers and sellers online, and keeps ~1.86% of every transaction. It processes about $2 trillion a year in payments (GMV) across PayPal, Venmo, and Braintree. Its revenue is almost all fees: the more e-commerce flows through its pipes, the more it collects.
The network is worth its two sides: hundreds of millions of user accounts and millions of merchants that accept the button. Nobody wants to be the first to leave. But Apple Pay, Stripe, and others erode that habit year after year — the moat exists, though it's narrowing.
Revenue history
From $25.4B to $33.2B in 4 years. The business grows steadily.
Where each $100 of sales goes
Revenue $33.2B · FY2025
Of every $100 in sales, $84 goes to costs and operations; $16 is left as net profit (16% margin).
Catalysts and risks
Buybacks of ~$6 billion a year that cut shares by nearly 5.8% annually.
Venmo starting to truly monetize its user base.
Stabilization of the take rate (fee per transaction) at 1.86%.
Growth slowed to ~4% a year versus the 18% historical — the market no longer pays for stories.
Apple Pay and Stripe eating into its checkout share.
No real monopoly: the fee can compress if competition tightens.
Charlie's note
“A good business trading at 15 times its cash flows, punished for growing 4% instead of the 18% of before. You pay for a network that still collects on every click while buying back nearly 6% of itself a year; the question isn't whether it's solid, but whether it stopped growing forever or just took a nap.”
Analysis · July 2026
Want to follow PayPal Holdings?
We do not calculate a value here: PayPal Holdings does not generate cash flows you can project, and putting a number on it would be making it up. What you can do is follow it and tell us the price you care about — we will email you when it gets there.
🔔 Email meFree · no card
Charlie informs, it doesn't advise. No information should be taken as a recommendation to buy or sell.