FINHUB Insights

PYPL · Q1 FY25 · Jan 1 – Mar 31, 2025

PayPal Q1 FY25: where the revenue came from and where it went

PayPal Q1 FY25: revenue $7.8B (+1% year over year). Net profit $1.3B. Largest cohort U.S. $4.5B. The whole income statement as a sankey diagram from the SEC filing.

Period
Jan 1 – Mar 31, 2025
Reported
Apr 29, 2025 10-Q
Sankey diagram of PayPal's income statement for Q1 FY25: revenue of $7.8 billion splits into segments and flows out into costs, taxes and net profit.

Tap the diagram to enlarge · figures in billions of dollars

Revenue$7.8B +1% year over year
Gross profit$3.7B 48% margin
Operating profit$1.5B 20% margin
Net profit$1.3B 17% margin

The numbers

All figures in billions of U.S. dollars, for Q1 FY25 (period ends Mar 31, 2025).
ItemValueShare of revenueYear over year
Revenue 7.8 100% +1%
U.S. 4.5 58%
Other countries 3.3 42%
Cost of revenue−4.153%
Gross profit3.748% margin+3pp
Technology & development−0.79%+0pp
G&A−0.56%+0pp
Sales & marketing−0.56%+0pp
Customer support & operations−0.45%+0pp
Restructuring & other−0.11%+0pp
Operating profit1.520% margin+4pp
Tax−0.3
Net profit1.317%+5pp
Filing on EDGAR More quarters of PYPL

Source of the numbers: tables in the filing (10-Q). The diagram is generated automatically and checked against EDGAR before release. How we calculate it → About and methodology.

Older quarters