PayPal vs Block
PayPal reported revenue of $33.2 billion in fiscal 2025, 1.4 times Block's $24.2 billion in fiscal 2025. PayPal's revenue grew 4.3% in its latest year, and Block's grew 0.3%. PayPal had an operating margin of 18.3%, against 7.1% at Block. Free cash flow was $5.6 billion at PayPal and $2.4 billion at Block.
Side by side
| PayPal | Block | |
|---|---|---|
| Latest fiscal year | FY2025, Dec 31, 2025 | FY2025, Dec 31, 2025 |
| Revenue | $33.2B | $24.2B |
| Revenue growth | 4.3% | 0.3% |
| Revenue growth a year, last 5 years | 9.1% | 20.6% |
| Gross margin | — | 42.8% |
| Operating margin | 18.3% | 7.1% |
| Net margin | 15.8% | 5.4% |
| Free cash flow | $5.6B | $2.4B |
| Free cash flow margin | 16.8% | 10.0% |
| Return on capital | 25.7% | 6.4% |
| Net debt to EBITDA | −0.1x | 0.1x |
| Dividends and buybacks | $6.2B | $2.3B |
| Change in diluted share count | −6.8% | −2.1% |
| Last close | $54.99 | $74.55 |
| P/E at the last close | 10.3× | 133.1× |
| Insider trades, last 12 months | bought $254,537, sold $8.3 million | sold $90.9 million |
| Piotroski F-score | 7 of 8 | 5 of 9 |
Amounts in each company's own currency, US$ unless marked (a foreign company may report in another), each company's latest fiscal year from its 10-K, or 20-F or 40-F for a foreign company. Growth rates compare with the year before; the five-year rate is the average a year. Free cash flow is cash from operations minus capital spending; return on capital is after-tax operating income over the money invested in the business; P/E is the last close over the latest earnings per share. Banks are measured differently (return on equity, efficiency ratio), so some rows apply to one company only.
Ten years
Revenue
US$ billions, fiscal years
PayPalBlock
Operating margin
Percent of revenue
PayPalBlock
Free cash flow
US$ billions. Cash from operations minus capital expenditure.
PayPalBlock