Market cap
$53.0bn
Earnings yield vs 10-yr compares what the business earns per pound invested against the 4.73% a 10-year US Treasury note pays for no equity risk. Negative means you are paying up front for growth not yet delivered.
Open-market purchases and sales only. Grants, option exercises, gifts and shares withheld for tax are excluded: they are how people are paid, not what they think.
THREE MONTHS ENDED JUNE 30, 2026 AND 2025 The increase in net revenues was driven primarily by growth in total payment volume (“TPV”) of 10% and favorable impact from hedging activities. The increase in operating expenses was due primarily to an increase in transaction expense and, to a lesser extent, an increase in technology and development expense, partially offset by a decline in transaction and credit losses. Our operating margin declined, reflecting the unfavorable impact of a higher transaction expense growth rate, partially offset by the decline in transaction and credit losses. …PayPal Holdings, Inc., 10-Q, period ended 2026-06-30, filed 2026-07-28