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Side-by-side financial comparison of Becton Dickinson (BDX) and PayPal (PYPL). Click either name above to swap in a different company.

PayPal is the larger business by last-quarter revenue ($8.7B vs $5.3B, roughly 1.7× Becton Dickinson). PayPal runs the higher net margin — 16.6% vs 7.3%, a 9.3% gap on every dollar of revenue. On growth, PayPal posted the faster year-over-year revenue change (3.7% vs -0.4%). PayPal produced more free cash flow last quarter ($2.2B vs $549.0M). Over the past eight quarters, PayPal's revenue compounded faster (6.2% CAGR vs 2.0%).

Becton, Dickinson and Company is an American multinational medical technology company that manufactures and sells medical devices, instrument systems, and reagents. BD also provides consulting and analytics services in certain areas.

PayPal Holdings, Inc. is an American multinational financial technology company operating an online payments system in the majority of countries that support online money transfers; it serves as an electronic alternative to traditional paper methods such as checks and money orders. The company operates as a payment processor for online vendors, auction sites and many other commercial and company users.

BDX vs PYPL — Head-to-Head

Bigger by revenue
PYPL
PYPL
1.7× larger
PYPL
$8.7B
$5.3B
BDX
Growing faster (revenue YoY)
PYPL
PYPL
+4.1% gap
PYPL
3.7%
-0.4%
BDX
Higher net margin
PYPL
PYPL
9.3% more per $
PYPL
16.6%
7.3%
BDX
More free cash flow
PYPL
PYPL
$1.6B more FCF
PYPL
$2.2B
$549.0M
BDX
Faster 2-yr revenue CAGR
PYPL
PYPL
Annualised
PYPL
6.2%
2.0%
BDX

Income Statement — Q1 FY2026 vs Q4 FY2025

Metric
BDX
BDX
PYPL
PYPL
Revenue
$5.3B
$8.7B
Net Profit
$382.0M
$1.4B
Gross Margin
45.9%
Operating Margin
10.5%
17.4%
Net Margin
7.3%
16.6%
Revenue YoY
-0.4%
3.7%
Net Profit YoY
24.0%
28.2%
EPS (diluted)
$1.34
$1.53

Green = leading value per metric. Periods may differ when fiscal calendars don't align.

8-Quarter Revenue & Profit Trend

Side-by-side quarterly history. Quarters aligned by calendar period so offset fiscal years line up.

Revenue
BDX
BDX
PYPL
PYPL
Q4 25
$5.3B
$8.7B
Q3 25
$5.9B
$8.4B
Q2 25
$5.5B
$8.3B
Q1 25
$5.3B
$7.8B
Q4 24
$5.2B
$8.4B
Q3 24
$5.4B
$7.8B
Q2 24
$5.0B
$7.9B
Q1 24
$5.0B
$7.7B
Net Profit
BDX
BDX
PYPL
PYPL
Q4 25
$382.0M
$1.4B
Q3 25
$493.0M
$1.2B
Q2 25
$574.0M
$1.3B
Q1 25
$308.0M
$1.3B
Q4 24
$303.0M
$1.1B
Q3 24
$400.0M
$1.0B
Q2 24
$487.0M
$1.1B
Q1 24
$537.0M
$888.0M
Gross Margin
BDX
BDX
PYPL
PYPL
Q4 25
45.9%
Q3 25
47.5%
Q2 25
47.8%
Q1 25
42.8%
Q4 24
43.2%
Q3 24
45.7%
Q2 24
46.2%
Q1 24
45.7%
Operating Margin
BDX
BDX
PYPL
PYPL
Q4 25
10.5%
17.4%
Q3 25
11.8%
18.1%
Q2 25
16.0%
18.1%
Q1 25
10.4%
19.6%
Q4 24
8.8%
17.2%
Q3 24
11.4%
17.7%
Q2 24
12.1%
16.8%
Q1 24
14.5%
15.2%
Net Margin
BDX
BDX
PYPL
PYPL
Q4 25
7.3%
16.6%
Q3 25
8.4%
14.8%
Q2 25
10.4%
15.2%
Q1 25
5.8%
16.5%
Q4 24
5.9%
13.4%
Q3 24
7.4%
12.9%
Q2 24
9.8%
14.3%
Q1 24
10.6%
11.5%
EPS (diluted)
BDX
BDX
PYPL
PYPL
Q4 25
$1.34
$1.53
Q3 25
$1.71
$1.30
Q2 25
$2.00
$1.29
Q1 25
$1.07
$1.29
Q4 24
$1.04
$1.09
Q3 24
$1.37
$0.99
Q2 24
$1.68
$1.08
Q1 24
$1.85
$0.83

Balance Sheet & Financial Strength

Snapshot of each company's liquidity, leverage and book value from the latest quarter.

Metric
BDX
BDX
PYPL
PYPL
Cash + ST InvestmentsLiquidity on hand
$740.0M
$10.4B
Total DebtLower is stronger
Stockholders' EquityBook value
$25.3B
$20.3B
Total Assets
$54.8B
$80.2B
Debt / EquityLower = less leverage

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
BDX
BDX
PYPL
PYPL
Q4 25
$740.0M
$10.4B
Q3 25
$641.0M
$10.8B
Q2 25
$735.0M
$10.0B
Q1 25
$667.0M
$11.2B
Q4 24
$711.0M
$10.8B
Q3 24
$1.7B
$11.9B
Q2 24
$4.5B
$13.6B
Q1 24
$2.3B
$14.3B
Stockholders' Equity
BDX
BDX
PYPL
PYPL
Q4 25
$25.3B
$20.3B
Q3 25
$25.4B
$20.2B
Q2 25
$25.5B
$20.2B
Q1 25
$25.2B
$20.3B
Q4 24
$25.2B
$20.4B
Q3 24
$25.9B
$20.2B
Q2 24
$25.9B
$20.6B
Q1 24
$25.6B
$20.7B
Total Assets
BDX
BDX
PYPL
PYPL
Q4 25
$54.8B
$80.2B
Q3 25
$55.3B
$79.8B
Q2 25
$54.9B
$79.8B
Q1 25
$54.5B
$81.3B
Q4 24
$54.7B
$81.6B
Q3 24
$57.3B
$83.5B
Q2 24
$55.6B
$84.0B
Q1 24
$54.2B
$83.3B

Cash Flow & Capital Efficiency

How much cash each business actually produces after reinvestment. Cash flow is harder to manipulate than net income.

Metric
BDX
BDX
PYPL
PYPL
Operating Cash FlowLast quarter
$657.0M
$2.4B
Free Cash FlowOCF − Capex
$549.0M
$2.2B
FCF MarginFCF / Revenue
10.5%
25.2%
Capex IntensityCapex / Revenue
2.1%
2.2%
Cash ConversionOCF / Net Profit
1.72×
1.66×
TTM Free Cash FlowTrailing 4 quarters
$2.6B
$5.6B

8-quarter trend — quarters aligned by calendar period.

Operating Cash Flow
BDX
BDX
PYPL
PYPL
Q4 25
$657.0M
$2.4B
Q3 25
$1.4B
$2.0B
Q2 25
$1.2B
$898.0M
Q1 25
$164.0M
$1.2B
Q4 24
$693.0M
$2.4B
Q3 24
$1.2B
$1.6B
Q2 24
$1.3B
$1.5B
Q1 24
$514.0M
$1.9B
Free Cash Flow
BDX
BDX
PYPL
PYPL
Q4 25
$549.0M
$2.2B
Q3 25
$1.0B
$1.7B
Q2 25
$1.0B
$692.0M
Q1 25
$35.0M
$964.0M
Q4 24
$588.0M
$2.2B
Q3 24
$882.0M
$1.4B
Q2 24
$1.1B
$1.4B
Q1 24
$380.0M
$1.8B
FCF Margin
BDX
BDX
PYPL
PYPL
Q4 25
10.5%
25.2%
Q3 25
17.0%
20.4%
Q2 25
19.0%
8.3%
Q1 25
0.7%
12.4%
Q4 24
11.4%
26.2%
Q3 24
16.2%
18.4%
Q2 24
22.4%
17.3%
Q1 24
7.5%
22.9%
Capex Intensity
BDX
BDX
PYPL
PYPL
Q4 25
2.1%
2.2%
Q3 25
6.0%
3.0%
Q2 25
3.2%
2.5%
Q1 25
2.4%
2.5%
Q4 24
2.0%
2.4%
Q3 24
5.4%
2.2%
Q2 24
3.6%
2.0%
Q1 24
2.7%
2.0%
Cash Conversion
BDX
BDX
PYPL
PYPL
Q4 25
1.72×
1.66×
Q3 25
2.75×
1.58×
Q2 25
2.12×
0.71×
Q1 25
0.53×
0.90×
Q4 24
2.29×
2.14×
Q3 24
2.94×
1.60×
Q2 24
2.66×
1.35×
Q1 24
0.96×
2.16×

Financial Flow Comparison

Revenue → gross profit → operating profit → net profit for each company.

Revenue Breakdown by Segment

BDX
BDX

Other$2.8B53%
Medication Management Solutions$678.0M13%
Urologyand Critical Care$339.0M6%
Surgery$310.0M6%
Peripheral Intervention$265.0M5%
Specimen Management$245.0M5%
Advanced Patient Monitoring$178.0M3%
Diagnostic Solutions$176.0M3%
Bio Pharma Systems$150.0M3%
Biosciences$124.0M2%

PYPL
PYPL

US$4.9B57%
Non Us$3.7B43%

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