Here are the 10-K annual reports from PayPal Holdings, Inc. (PYPL) in our archive since June 2025, newest first, and each one links through to the document itself with the summary and the scores our analysis gives it.
A 10-K covers the audited annual report, with the full financial statements, so if you follow PYPL and want that one kind of document rather than the whole filing history, this is the page to keep. The company's other filings, of every form, are on the full PYPL filings page.
PayPal Holdings, Inc. describes how it operates a global two‑sided digital payments platform connecting consumers and merchants in about 200 markets. In 2025, it processed $1.79 trillion in total payment volume, up 7% from 2024, across 25.4 billion transactions, which fell 4%.
Active accounts reached 439 million as of December 31, 2025, up 1% year over year. PayPal highlights strengths such as its trusted PayPal and Venmo brands, broad funding options, global scale, risk and compliance capabilities, and extensive regulatory licenses.
The report details consumer and merchant solutions, including digital wallets, buy now, pay later products, in‑person point‑of‑sale tools, and merchant financing. It also emphasizes heavy technology and cybersecurity investment, with research and development expense of $1.5 billion in both 2025 and 2024, and outlines extensive risk factors spanning cyberattacks, regulation, competition, cryptocurrency, and AI.