PayPal Holdings
PayPal Holdings returns on capital
Annual and trailing 12-month returns on invested capital, equity and assets.
ROIC
% · Annual / TTM
ROCE
% · Annual / TTM
ROIIC
% · Annual / TTM
ROE
% · Annual / TTM
ROA
% · Annual / TTM
ROIC − WACC
Percentage points · Scenario
Quarterly data
| Fiscal period | Ended | ROIC% | ROCE% | ROIIC% | ROE% | ROA% | ROIC − WACCPercentage points |
|---|---|---|---|---|---|---|---|
| FY 2026 Q2 | Jun 30, 2026 | — | 17.22% | — | 24.5% | 6.03% | — |
| FY 2026 Q1 | Mar 31, 2026 | — | 17.83% | — | 25.12% | 6.25% | — |
| FY 2025 Q4 | Dec 31, 2025 | — | 18.11% | — | 25.73% | 6.47% | — |
| FY 2025 Q3 | Sep 30, 2025 | — | 17.6% | — | 24.36% | 6.02% | — |
| FY 2025 Q2 | Jun 30, 2025 | — | 17.25% | — | 22.92% | 5.71% | — |
| FY 2025 Q1 | Mar 31, 2025 | — | 16.69% | — | 22.2% | 5.52% | — |
| FY 2024 Q4 | Dec 31, 2024 | — | 15.91% | — | 20% | 5.06% | — |
| FY 2024 Q3 | Sep 30, 2024 | — | 16.94% | — | 22.19% | 5.54% | — |
| FY 2024 Q2 | Jun 30, 2024 | — | 16.3% | — | 22.03% | 5.6% | — |
| FY 2024 Q1 | Mar 31, 2024 | — | 15.57% | — | 21.4% | 5.41% | — |
| FY 2023 Q4 | Dec 31, 2023 | — | 14.94% | — | 20.55% | 5.28% | — |
| FY 2023 Q3 | Sep 30, 2023 | — | 13.73% | — | 18.82% | 4.93% | — |
| FY 2023 Q2 | Jun 30, 2023 | — | 13.71% | — | 20.67% | 5.35% | — |
| FY 2023 Q1 | Mar 31, 2023 | — | 12.67% | — | 13.37% | 3.54% | — |
| FY 2022 Q4 | Dec 31, 2022 | — | 11.56% | — | 11.52% | 3.13% | — |
| FY 2022 Q3 | Sep 30, 2022 | — | 11.03% | — | 10.86% | 3.05% | — |
| FY 2022 Q2 | Jun 30, 2022 | — | 10.93% | — | 10.11% | 2.71% | — |
| FY 2022 Q1 | Mar 31, 2022 | — | 12.48% | — | 17.89% | 4.83% | — |
| FY 2021 Q4 | Dec 31, 2021 | — | 13.17% | — | 19.97% | 5.7% | — |
| FY 2021 Q3 | Sep 30, 2021 | — | 13.22% | — | 24.33% | 7.04% | — |
| FY 2021 Q2 | Jun 30, 2021 | — | 13.26% | — | 25.26% | 7.11% | — |
| FY 2021 Q1 | Mar 31, 2021 | — | 13.56% | — | 29.46% | 8.23% | — |
| FY 2020 Q4 | Dec 31, 2020 | — | 11.67% | — | 22.77% | 6.9% | — |
| FY 2020 Q3 | Sep 30, 2020 | — | 11.53% | — | 17.97% | 5.43% | — |
| FY 2020 Q2 | Jun 30, 2020 | — | 11.86% | — | 15.29% | 4.63% | — |
| FY 2020 Q1 | Mar 31, 2020 | — | 11.69% | — | 12.06% | 3.73% | — |
| FY 2019 Q4 | Dec 31, 2019 | 18.31% | 13% | 6.98% | 15.24% | 5.2% | 10.6 pp |
| FY 2019 Q3 | Sep 30, 2019 | — | 12.29% | — | 16.05% | 5.4% | — |
| FY 2019 Q2 | Jun 30, 2019 | — | 13.05% | — | 16.11% | 5.57% | — |
| FY 2019 Q1 | Mar 31, 2019 | — | 12.72% | — | 14.85% | 5% | — |
| FY 2018 Q4 | Dec 31, 2018 | — | 12.42% | — | 13.11% | 4.89% | — |
| FY 2018 Q3 | Sep 30, 2018 | — | 14.29% | — | 13.7% | 5.14% | — |
| FY 2018 Q2 | Jun 30, 2018 | — | 14.15% | — | 13.57% | 5.29% | — |
| FY 2018 Q1 | Mar 31, 2018 | — | 13.59% | — | 13.13% | 5.07% | — |
| FY 2017 Q4 | Dec 31, 2017 | — | 12.46% | — | 11.69% | 4.86% | — |
| FY 2017 Q3 | Sep 30, 2017 | — | 10.63% | — | 10.57% | 4.53% | — |
| FY 2017 Q2 | Jun 30, 2017 | — | 10.41% | — | 10.47% | 4.58% | — |
| FY 2017 Q1 | Mar 31, 2017 | — | 10.28% | — | 10.06% | 4.51% | — |
| FY 2016 Q4 | Dec 31, 2016 | — | 10.07% | — | 9.84% | 4.52% | — |
| FY 2016 Q3 | Sep 30, 2016 | — | 10.06% | — | 10.06% | 4.65% | — |
| FY 2016 Q2 | Jun 30, 2016 | — | 10.22% | — | 10.21% | 4.71% | — |
| FY 2016 Q1 | Mar 31, 2016 | — | — | — | — | — | — |
| FY 2015 Q4 | Dec 31, 2015 | — | — | — | — | — | — |
| FY 2015 Q3 | Sep 30, 2015 | — | — | — | — | — | — |
| FY 2015 Q2 | Jun 30, 2015 | — | — | — | — | — | — |
Sources and calculations
Financial inputs from company filings. Last checked Oct 18, 2026. A dash means missing inputs or an undefined calculation.
Period changes use the preceding fiscal quarter or year. Percentage changes divide by the absolute prior value; a zero or missing baseline has no percentage change. Percentage metrics show changes in percentage points.
Quarterly returns use trailing 12-month earnings and period-end balances averaged with the same fiscal quarter one year earlier. NOPAT uses the reported effective tax rate only when pretax profit is positive and the rate is between 0 and 100%. WACC starts at 7.7%, rounded from the US nonfinancial market · generic proxy benchmark in NYU Stern · January 2026. It is an editable US sector proxy applied across history, not a company estimate; foreign reporting currencies also need a currency-specific assessment.
Market prices: Yahoo Finance · PYPL, USD. Latest completed close Sep 25, 2026. Price data retrieved Sep 28, 2026.
- ROIC
- NOPAT / average invested capital × 100. NOPAT = operating income × (1 − effective tax rate). Invested capital = equity including noncontrolling interests + debt − cash and equivalents. Average uses period end and one year earlier.
- ROCE
- Operating income / average (assets − current liabilities) × 100, using period end and one year earlier.
- ROIIC
- Year-over-year change in annual/TTM NOPAT / positive year-over-year change in invested capital × 100. Capital reductions and missing inputs yield unavailable values.
- ROE
- Earnings attributable to owners / average equity attributable to owners × 100, using period end and one year earlier.
- ROA
- Net income / average total assets × 100, using period end and one year earlier.
- ROIC − WACC
- ROIC less your WACC assumption, in percentage points. The same scenario rate is applied across history; it is not a reported or historical company WACC.