---
schema_version: "secwatch.filing_event.v1"
accession: "0001633917-25-000062"
form_type: "8-K"
ticker: "PYPL"
cik: "0001633917"
company_name: "PayPal Holdings, Inc."
filed_at: "2025-04-29T23:59:59+00:00"
generated_at: "2026-05-23T03:51:23.169105+00:00"
event_type: "earnings"
sentiment: "positive"
materiality_score: 0.85
calibrated_materiality_score: 0.85
confidence: "high"
source: SEC EDGAR
---

# PayPal Q1 2025: GAAP EPS $1.29 (+56% YoY), revenue $7.8B (+1%)

## Summary
- GAAP operating income $1.5B (+31% YoY); non-GAAP operating income $1.6B (+16%).
- GAAP operating margin expanded 447 bps to 19.6%; non-GAAP margin +257 bps to 20.7%.
- Total payment volume $417.2B (+3% YoY); active accounts 436M (+2% or +1.5M sequentially).
- Returned $1.5B to stockholders via share buybacks in Q1; trailing 12-month $6.0B.
- Free cash flow $1.0B; adjusted free cash flow $1.4B (excluding BNPL timing).

## SEC filing metadata
- accession: 0001633917-25-000062
- form_type: 8-K
- ticker: PYPL
- cik: 0001633917
- company_name: PayPal Holdings, Inc.
- filed_at: 2025-04-29T23:59:59+00:00
- event_type: earnings
- sentiment: positive
- materiality_score: 0.85
- calibrated_materiality_score: 0.85
- confidence: high
- sec_items: 2.02, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1633917/000163391725000062/0001633917-25-000062-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1633917/000163391725000062/pypl-20250429.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001633917-25-000062
- JSON: https://secwatch.observer/filing/0001633917-25-000062.json
- Plain text: https://secwatch.observer/filing/0001633917-25-000062.txt

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.