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Side-by-side financial comparison of Brookfield Infrastructure Partners L.P. (BIP) 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 $5.4B, roughly 1.6× Brookfield Infrastructure Partners L.P.). PayPal runs the higher net margin — 16.6% vs 4.6%, a 11.9% gap on every dollar of revenue. On growth, Brookfield Infrastructure Partners L.P. posted the faster year-over-year revenue change (5.7% vs 3.7%).

Brookfield Infrastructure Partners L.P. is a publicly traded limited partnership with corporate headquarters in Toronto, Canada, that engages in the acquisition and management of infrastructure assets on a global basis.

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.

BIP vs PYPL — Head-to-Head

Bigger by revenue
PYPL
PYPL
1.6× larger
PYPL
$8.7B
$5.4B
BIP
Growing faster (revenue YoY)
BIP
BIP
+2.0% gap
BIP
5.7%
3.7%
PYPL
Higher net margin
PYPL
PYPL
11.9% more per $
PYPL
16.6%
4.6%
BIP

Income Statement — Q2 FY2025 vs Q4 FY2025

Metric
BIP
BIP
PYPL
PYPL
Revenue
$5.4B
$8.7B
Net Profit
$252.0M
$1.4B
Gross Margin
26.4%
Operating Margin
24.4%
17.4%
Net Margin
4.6%
16.6%
Revenue YoY
5.7%
3.7%
Net Profit YoY
37.0%
28.2%
EPS (diluted)
$-0.03
$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
BIP
BIP
PYPL
PYPL
Q4 25
$8.7B
Q3 25
$8.4B
Q2 25
$5.4B
$8.3B
Q1 25
$7.8B
Q4 24
$8.4B
Q3 24
$7.8B
Q2 24
$5.1B
$7.9B
Q1 24
$7.7B
Net Profit
BIP
BIP
PYPL
PYPL
Q4 25
$1.4B
Q3 25
$1.2B
Q2 25
$252.0M
$1.3B
Q1 25
$1.3B
Q4 24
$1.1B
Q3 24
$1.0B
Q2 24
$184.0M
$1.1B
Q1 24
$888.0M
Gross Margin
BIP
BIP
PYPL
PYPL
Q4 25
Q3 25
Q2 25
26.4%
Q1 25
Q4 24
Q3 24
Q2 24
24.6%
Q1 24
Operating Margin
BIP
BIP
PYPL
PYPL
Q4 25
17.4%
Q3 25
18.1%
Q2 25
24.4%
18.1%
Q1 25
19.6%
Q4 24
17.2%
Q3 24
17.7%
Q2 24
22.8%
16.8%
Q1 24
15.2%
Net Margin
BIP
BIP
PYPL
PYPL
Q4 25
16.6%
Q3 25
14.8%
Q2 25
4.6%
15.2%
Q1 25
16.5%
Q4 24
13.4%
Q3 24
12.9%
Q2 24
3.6%
14.3%
Q1 24
11.5%
EPS (diluted)
BIP
BIP
PYPL
PYPL
Q4 25
$1.53
Q3 25
$1.30
Q2 25
$-0.03
$1.29
Q1 25
$1.29
Q4 24
$1.09
Q3 24
$0.99
Q2 24
$-0.10
$1.08
Q1 24
$0.83

Balance Sheet & Financial Strength

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

Metric
BIP
BIP
PYPL
PYPL
Cash + ST InvestmentsLiquidity on hand
$2.3B
$10.4B
Total DebtLower is stronger
Stockholders' EquityBook value
$29.6B
$20.3B
Total Assets
$108.7B
$80.2B
Debt / EquityLower = less leverage

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
BIP
BIP
PYPL
PYPL
Q4 25
$10.4B
Q3 25
$10.8B
Q2 25
$2.3B
$10.0B
Q1 25
$11.2B
Q4 24
$10.8B
Q3 24
$11.9B
Q2 24
$1.3B
$13.6B
Q1 24
$14.3B
Stockholders' Equity
BIP
BIP
PYPL
PYPL
Q4 25
$20.3B
Q3 25
$20.2B
Q2 25
$29.6B
$20.2B
Q1 25
$20.3B
Q4 24
$20.4B
Q3 24
$20.2B
Q2 24
$30.1B
$20.6B
Q1 24
$20.7B
Total Assets
BIP
BIP
PYPL
PYPL
Q4 25
$80.2B
Q3 25
$79.8B
Q2 25
$108.7B
$79.8B
Q1 25
$81.3B
Q4 24
$81.6B
Q3 24
$83.5B
Q2 24
$100.9B
$84.0B
Q1 24
$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
BIP
BIP
PYPL
PYPL
Operating Cash FlowLast quarter
$1.2B
$2.4B
Free Cash FlowOCF − Capex
$2.2B
FCF MarginFCF / Revenue
25.2%
Capex IntensityCapex / Revenue
2.2%
Cash ConversionOCF / Net Profit
4.72×
1.66×
TTM Free Cash FlowTrailing 4 quarters
$5.6B

8-quarter trend — quarters aligned by calendar period.

Operating Cash Flow
BIP
BIP
PYPL
PYPL
Q4 25
$2.4B
Q3 25
$2.0B
Q2 25
$1.2B
$898.0M
Q1 25
$1.2B
Q4 24
$2.4B
Q3 24
$1.6B
Q2 24
$1.1B
$1.5B
Q1 24
$1.9B
Free Cash Flow
BIP
BIP
PYPL
PYPL
Q4 25
$2.2B
Q3 25
$1.7B
Q2 25
$692.0M
Q1 25
$964.0M
Q4 24
$2.2B
Q3 24
$1.4B
Q2 24
$1.4B
Q1 24
$1.8B
FCF Margin
BIP
BIP
PYPL
PYPL
Q4 25
25.2%
Q3 25
20.4%
Q2 25
8.3%
Q1 25
12.4%
Q4 24
26.2%
Q3 24
18.4%
Q2 24
17.3%
Q1 24
22.9%
Capex Intensity
BIP
BIP
PYPL
PYPL
Q4 25
2.2%
Q3 25
3.0%
Q2 25
2.5%
Q1 25
2.5%
Q4 24
2.4%
Q3 24
2.2%
Q2 24
2.0%
Q1 24
2.0%
Cash Conversion
BIP
BIP
PYPL
PYPL
Q4 25
1.66×
Q3 25
1.58×
Q2 25
4.72×
0.71×
Q1 25
0.90×
Q4 24
2.14×
Q3 24
1.60×
Q2 24
5.74×
1.35×
Q1 24
2.16×

Financial Flow Comparison

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

Revenue Breakdown by Segment

BIP
BIP

Segment breakdown not available.

PYPL
PYPL

US$4.9B57%
Non Us$3.7B43%

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