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Where the tokens are
Standardised from the company’s filings, newest period first, labelled with the company’s own fiscal calendar. A line the company does not report is left off rather than shown as zero; margins and free cash flow are worked out here, and only where every input is present.
| Line item | Q2 FY262026-06-30 | Q1 FY262026-03-31 | Q4 FY252025-12-31 | Q3 FY252025-09-30 | Q2 FY252025-06-30 | Q1 FY252025-03-31 | Q4 FY242024-12-31 | Q3 FY242024-09-30 |
|---|---|---|---|---|---|---|---|---|
| Revenue | $8.68B | $8.35B | $8.68B | $8.42B | $8.29B | $7.79B | $8.37B | $7.85B |
| Cost of revenue | $0 | $0 | −$13.07B | $4.55B | $0 | $0 | −$12.71B | $4.19B |
| Gross profit | $8.68B | $8.35B | $21.74B | $3.87B | $8.29B | $7.79B | $21.07B | $3.65B |
| Gross margin | 100.0% | 100.0% | 250.6% | 46.0% | 100.0% | 100.0% | 251.9% | 46.6% |
| Research and development | $849.00M | $793.00M | $804.00M | $801.00M | $767.00M | $731.00M | $773.00M | $746.00M |
| Selling, general and administrative | $1.05B | $1.01B | $1.19B | $1.03B | $1.04B | $991.00M | $1.22B | $1.03B |
| Operating expenses | $7.26B | $6.87B | $20.23B | $2.35B | $6.78B | $6.26B | $19.63B | $2.26B |
| Operating income | $1.43B | $1.49B | $1.51B | $1.52B | $1.50B | $1.53B | $1.44B | $1.39B |
| Operating margin | 16.4% | 17.8% | 17.4% | 18.1% | 18.1% | 19.6% | 17.2% | 17.7% |
| EBITDA | $1.79B | $1.80B | $1.83B | $1.83B | $1.86B | $1.84B | $1.74B | $1.71B |
| Interest income | $104.00M | $0 | −$399.00M | $119.00M | $135.00M | $0 | −$514.00M | $183.00M |
| Interest expense | −$126.00M | $0 | $330.00M | −$113.00M | −$114.00M | $0 | $285.00M | −$106.00M |
| Income before taxes | $1.31B | $1.39B | $1.63B | $1.53B | $1.53B | $1.60B | $1.41B | $1.31B |
| Income taxes | $206.00M | $280.00M | $190.00M | $285.00M | $268.00M | $316.00M | $289.00M | $301.00M |
| Net income | $1.10B | $1.11B | $1.44B | $1.25B | $1.26B | $1.29B | $1.12B | $1.01B |
| Net margin | 12.7% | 13.3% | 16.6% | 14.8% | 15.2% | 16.5% | 13.4% | 12.9% |
| EPS, basic | $1.26 | $1.22 | $1.54 | $1.31 | $1.30 | $1.31 | $1.13 | $1.00 |
| EPS, diluted | $1.25 | $1.21 | $1.54 | $1.30 | $1.29 | $1.29 | $1.11 | $0.99 |
| Diluted shares | 882.00M | 920.00M | 936.00M | 960.00M | 977.00M | 999.00M | 1.01B | 1.02B |
Figures describe PayPal shares, not any token. As of Jul 28, 2026, from Massive's standardised financials. The company reports these figures; a token's issuer holds the shares and reports nothing of its own here.