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Side-by-side financial comparison of International Paper (IP) 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 $6.0B, roughly 1.5× International Paper). PayPal runs the higher net margin — 16.6% vs 1.0%, a 15.6% gap on every dollar of revenue. On growth, PayPal posted the faster year-over-year revenue change (3.7% vs -0.6%). PayPal produced more free cash flow last quarter ($2.2B vs $94.0M). Over the past eight quarters, International Paper's revenue compounded faster (12.3% CAGR vs 6.2%).
The International Paper Company is an American pulp and paper company, the largest such company in the world. It has approximately 39,000 employees, and is headquartered in Memphis, Tennessee.
PayPalPYPLEarnings & Financial Report
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.
IP vs PYPL — Head-to-Head
Income Statement — Q1 FY2026 vs Q4 FY2025
| Metric | | |
|---|---|---|
| Revenue | $6.0B | $8.7B |
| Net Profit | $60.0M | $1.4B |
| Gross Margin | — | — |
| Operating Margin | — | 17.4% |
| Net Margin | 1.0% | 16.6% |
| Revenue YoY | -0.6% | 3.7% |
| Net Profit YoY | 157.1% | 28.2% |
| EPS (diluted) | $0.14 | $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.
| Q1 26 | $6.0B | — | ||
| Q4 25 | $4.7B | $8.7B | ||
| Q3 25 | $6.2B | $8.4B | ||
| Q2 25 | $6.8B | $8.3B | ||
| Q1 25 | $5.9B | $7.8B | ||
| Q4 24 | $4.6B | $8.4B | ||
| Q3 24 | $4.7B | $7.8B | ||
| Q2 24 | $4.7B | $7.9B |
| Q1 26 | $60.0M | — | ||
| Q4 25 | $-2.4B | $1.4B | ||
| Q3 25 | $-1.1B | $1.2B | ||
| Q2 25 | $75.0M | $1.3B | ||
| Q1 25 | $-105.0M | $1.3B | ||
| Q4 24 | $-147.0M | $1.1B | ||
| Q3 24 | $150.0M | $1.0B | ||
| Q2 24 | $498.0M | $1.1B |
| Q1 26 | — | — | ||
| Q4 25 | 32.2% | — | ||
| Q3 25 | 31.1% | — | ||
| Q2 25 | 27.9% | — | ||
| Q1 25 | 27.8% | — | ||
| Q4 24 | 29.0% | — | ||
| Q3 24 | 28.7% | — | ||
| Q2 24 | 29.0% | — |
| Q1 26 | — | — | ||
| Q4 25 | -56.4% | 17.4% | ||
| Q3 25 | -10.8% | 18.1% | ||
| Q2 25 | 1.7% | 18.1% | ||
| Q1 25 | -2.3% | 19.6% | ||
| Q4 24 | -4.9% | 17.2% | ||
| Q3 24 | 5.1% | 17.7% | ||
| Q2 24 | 6.8% | 16.8% |
| Q1 26 | 1.0% | — | ||
| Q4 25 | -50.3% | 16.6% | ||
| Q3 25 | -17.7% | 14.8% | ||
| Q2 25 | 1.1% | 15.2% | ||
| Q1 25 | -1.8% | 16.5% | ||
| Q4 24 | -3.2% | 13.4% | ||
| Q3 24 | 3.2% | 12.9% | ||
| Q2 24 | 10.5% | 14.3% |
| Q1 26 | $0.14 | — | ||
| Q4 25 | $-4.76 | $1.53 | ||
| Q3 25 | $-2.09 | $1.30 | ||
| Q2 25 | $0.14 | $1.29 | ||
| Q1 25 | $-0.24 | $1.29 | ||
| Q4 24 | $-0.42 | $1.09 | ||
| Q3 24 | $0.42 | $0.99 | ||
| Q2 24 | $1.41 | $1.08 |
Balance Sheet & Financial Strength
Snapshot of each company's liquidity, leverage and book value from the latest quarter.
| Metric | | |
|---|---|---|
| Cash + ST InvestmentsLiquidity on hand | — | $10.4B |
| Total DebtLower is stronger | $8.2B | — |
| Stockholders' EquityBook value | $14.8B | $20.3B |
| Total Assets | $36.4B | $80.2B |
| Debt / EquityLower = less leverage | 0.55× | — |
8-quarter trend — quarters aligned by calendar period.
| Q1 26 | — | — | ||
| Q4 25 | $1.1B | $10.4B | ||
| Q3 25 | $995.0M | $10.8B | ||
| Q2 25 | $1.1B | $10.0B | ||
| Q1 25 | $1.2B | $11.2B | ||
| Q4 24 | $1.2B | $10.8B | ||
| Q3 24 | $1.2B | $11.9B | ||
| Q2 24 | $1.0B | $13.6B |
| Q1 26 | $8.2B | — | ||
| Q4 25 | $8.8B | — | ||
| Q3 25 | $9.0B | — | ||
| Q2 25 | $9.7B | — | ||
| Q1 25 | $9.2B | — | ||
| Q4 24 | $5.4B | — | ||
| Q3 24 | $5.3B | — | ||
| Q2 24 | $5.3B | — |
| Q1 26 | $14.8B | — | ||
| Q4 25 | $14.8B | $20.3B | ||
| Q3 25 | $17.3B | $20.2B | ||
| Q2 25 | $18.6B | $20.2B | ||
| Q1 25 | $18.1B | $20.3B | ||
| Q4 24 | $8.2B | $20.4B | ||
| Q3 24 | $8.6B | $20.2B | ||
| Q2 24 | $8.6B | $20.6B |
| Q1 26 | $36.4B | — | ||
| Q4 25 | $38.0B | $80.2B | ||
| Q3 25 | $40.6B | $79.8B | ||
| Q2 25 | $42.4B | $79.8B | ||
| Q1 25 | $41.2B | $81.3B | ||
| Q4 24 | $22.8B | $81.6B | ||
| Q3 24 | $23.2B | $83.5B | ||
| Q2 24 | $23.1B | $84.0B |
| Q1 26 | 0.55× | — | ||
| Q4 25 | 0.60× | — | ||
| Q3 25 | 0.52× | — | ||
| Q2 25 | 0.52× | — | ||
| Q1 25 | 0.51× | — | ||
| Q4 24 | 0.66× | — | ||
| Q3 24 | 0.62× | — | ||
| Q2 24 | 0.62× | — |
Cash Flow & Capital Efficiency
How much cash each business actually produces after reinvestment. Cash flow is harder to manipulate than net income.
| Metric | | |
|---|---|---|
| Operating Cash FlowLast quarter | — | $2.4B |
| Free Cash FlowOCF − Capex | $94.0M | $2.2B |
| FCF MarginFCF / Revenue | 1.6% | 25.2% |
| Capex IntensityCapex / Revenue | 8.7% | 2.2% |
| Cash ConversionOCF / Net Profit | — | 1.66× |
| TTM Free Cash FlowTrailing 4 quarters | $553.0M | $5.6B |
8-quarter trend — quarters aligned by calendar period.
| Q1 26 | — | — | ||
| Q4 25 | $905.0M | $2.4B | ||
| Q3 25 | $605.0M | $2.0B | ||
| Q2 25 | $476.0M | $898.0M | ||
| Q1 25 | $-288.0M | $1.2B | ||
| Q4 24 | $397.0M | $2.4B | ||
| Q3 24 | $521.0M | $1.6B | ||
| Q2 24 | $365.0M | $1.5B |
| Q1 26 | $94.0M | — | ||
| Q4 25 | $255.0M | $2.2B | ||
| Q3 25 | $150.0M | $1.7B | ||
| Q2 25 | $54.0M | $692.0M | ||
| Q1 25 | $-618.0M | $964.0M | ||
| Q4 24 | $137.0M | $2.2B | ||
| Q3 24 | $309.0M | $1.4B | ||
| Q2 24 | $167.0M | $1.4B |
| Q1 26 | 1.6% | — | ||
| Q4 25 | 5.4% | 25.2% | ||
| Q3 25 | 2.4% | 20.4% | ||
| Q2 25 | 0.8% | 8.3% | ||
| Q1 25 | -10.5% | 12.4% | ||
| Q4 24 | 3.0% | 26.2% | ||
| Q3 24 | 6.6% | 18.4% | ||
| Q2 24 | 3.5% | 17.3% |
| Q1 26 | 8.7% | — | ||
| Q4 25 | 13.7% | 2.2% | ||
| Q3 25 | 7.3% | 3.0% | ||
| Q2 25 | 6.2% | 2.5% | ||
| Q1 25 | 5.6% | 2.5% | ||
| Q4 24 | 5.7% | 2.4% | ||
| Q3 24 | 4.5% | 2.2% | ||
| Q2 24 | 4.2% | 2.0% |
| Q1 26 | — | — | ||
| Q4 25 | — | 1.66× | ||
| Q3 25 | — | 1.58× | ||
| Q2 25 | 6.35× | 0.71× | ||
| Q1 25 | — | 0.90× | ||
| Q4 24 | — | 2.14× | ||
| Q3 24 | 3.47× | 1.60× | ||
| Q2 24 | 0.73× | 1.35× |
Financial Flow Comparison
Revenue → gross profit → operating profit → net profit for each company.
Revenue Breakdown by Segment
IP
| Packaging Solutions North America | $3.6B | 61% |
| Packaging Solutions EMEA | $2.3B | 39% |
| Corporate and Inter-segment Sales | $22.0M | 0% |
PYPL
| US | $4.9B | 57% |
| Non Us | $3.7B | 43% |
