Dollar Amounts
USD (Millions)
Balance sheet data in USD (millions)
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Over the 2021–2024 period PayPal’s total assets rose from $75,803m in 2021 to a peak of $82,166m in 2023 (+8.4% vs. 2021) and then edged down slightly to $81,611m in 2024 (–0.7% vs. 2023). Liabilities climbed more steadily, from $54,076m to $61,194m (a ~13.2% increase vs. 2021), leaving the company with a higher liabilities-to-assets ratio (about 71.4% in 2021 → ~75.0% in 2024). Stockholders’ equity has been comparatively stable but slightly compressed, moving from $21,727m (2021) to $20,417m (2024), a drop of ~6.0%; equity as a share of assets fell from ~28.6% to ~25.0% over the same span. The practical effect is increased leverage: liabilities per dollar of equity rose from ~2.49x in 2021 to ~2.99x in 2024 (≈20% increase), driven by liabilities growing faster than assets and modest declines in equity. For a payments platform like PayPal, a high liability share can reflect customer balances and operating funding rather than traditional debt, so a >70% liability-to-asset profile is not uncommon. Still, the trend toward higher leverage and a flattened asset base suggests less balance-sheet flexibility and slightly greater sensitivity to liquidity or funding shocks. (Note: the 2025 row contains zeros and appears to be missing actual data, so it was excluded from this analysis.)
This analysis is for informational purposes only and does not constitute financial advice or recommendations for any investment decisions. Please consult with a qualified financial professional for personalized guidance.