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Side-by-side financial comparison of PayPal (PYPL) and Sea Ltd (SE). Click either name above to swap in a different company.
Sea Ltd is the larger business by last-quarter revenue ($22.9B vs $8.7B, roughly 2.6× PayPal). PayPal runs the higher net margin — 16.6% vs 7.0%, a 9.5% gap on every dollar of revenue. On growth, Sea Ltd posted the faster year-over-year revenue change (363.4% vs 3.7%). Over the past eight quarters, Sea Ltd's revenue compounded faster (147.8% CAGR vs 6.2%).
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.
Sea Limited is a tech conglomerate headquartered in Singapore. It is listed on the New York Stock Exchange, with revenue of US$16.8 billion (2024). Sea currently functions as a holding company for Garena, Monee and Shopee, the largest e-commerce platform in Southeast Asia.
PYPL vs SE — Head-to-Head
Income Statement — Q4 FY2025 vs Q4 FY2025
| Metric | | |
|---|---|---|
| Revenue | $8.7B | $22.9B |
| Net Profit | $1.4B | $1.6B |
| Gross Margin | — | 44.7% |
| Operating Margin | 17.4% | 8.7% |
| Net Margin | 16.6% | 7.0% |
| Revenue YoY | 3.7% | 363.4% |
| Net Profit YoY | 28.2% | — |
| EPS (diluted) | $1.53 | $2.52 |
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.
| Q4 25 | $8.7B | $22.9B | ||
| Q3 25 | $8.4B | $6.0B | ||
| Q2 25 | $8.3B | $5.3B | ||
| Q1 25 | $7.8B | $4.8B | ||
| Q4 24 | $8.4B | $5.0B | ||
| Q3 24 | $7.8B | $4.3B | ||
| Q2 24 | $7.9B | $3.8B | ||
| Q1 24 | $7.7B | $3.7B |
| Q4 25 | $1.4B | $1.6B | ||
| Q3 25 | $1.2B | $375.0M | ||
| Q2 25 | $1.3B | $414.2M | ||
| Q1 25 | $1.3B | $-7.8M | ||
| Q4 24 | $1.1B | — | ||
| Q3 24 | $1.0B | — | ||
| Q2 24 | $1.1B | — | ||
| Q1 24 | $888.0M | $-23.0M |
| Q4 25 | — | 44.7% | ||
| Q3 25 | — | 43.4% | ||
| Q2 25 | — | 45.8% | ||
| Q1 25 | — | 46.2% | ||
| Q4 24 | — | — | ||
| Q3 24 | — | — | ||
| Q2 24 | — | — | ||
| Q1 24 | — | 41.6% |
| Q4 25 | 17.4% | 8.7% | ||
| Q3 25 | 18.1% | 8.0% | ||
| Q2 25 | 18.1% | 9.3% | ||
| Q1 25 | 19.6% | 9.4% | ||
| Q4 24 | 17.2% | — | ||
| Q3 24 | 17.7% | — | ||
| Q2 24 | 16.8% | — | ||
| Q1 24 | 15.2% | 1.9% |
| Q4 25 | 16.6% | 7.0% | ||
| Q3 25 | 14.8% | 6.3% | ||
| Q2 25 | 15.2% | 7.9% | ||
| Q1 25 | 16.5% | -0.2% | ||
| Q4 24 | 13.4% | — | ||
| Q3 24 | 12.9% | — | ||
| Q2 24 | 14.3% | — | ||
| Q1 24 | 11.5% | -0.6% |
| Q4 25 | $1.53 | $2.52 | ||
| Q3 25 | $1.30 | $0.59 | ||
| Q2 25 | $1.29 | $0.65 | ||
| Q1 25 | $1.29 | $0.65 | ||
| Q4 24 | $1.09 | — | ||
| Q3 24 | $0.99 | — | ||
| Q2 24 | $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 | | |
|---|---|---|
| Cash + ST InvestmentsLiquidity on hand | $10.4B | $10.6B |
| Total DebtLower is stronger | — | — |
| Stockholders' EquityBook value | $20.3B | $12.6B |
| Total Assets | $80.2B | $29.4B |
| Debt / EquityLower = less leverage | — | — |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $10.4B | $10.6B | ||
| Q3 25 | $10.8B | — | ||
| Q2 25 | $10.0B | — | ||
| Q1 25 | $11.2B | — | ||
| Q4 24 | $10.8B | $8.6B | ||
| Q3 24 | $11.9B | — | ||
| Q2 24 | $13.6B | — | ||
| Q1 24 | $14.3B | — |
| Q4 25 | $20.3B | $12.6B | ||
| Q3 25 | $20.2B | — | ||
| Q2 25 | $20.2B | — | ||
| Q1 25 | $20.3B | — | ||
| Q4 24 | $20.4B | $8.4B | ||
| Q3 24 | $20.2B | — | ||
| Q2 24 | $20.6B | — | ||
| Q1 24 | $20.7B | — |
| Q4 25 | $80.2B | $29.4B | ||
| Q3 25 | $79.8B | — | ||
| Q2 25 | $79.8B | — | ||
| Q1 25 | $81.3B | — | ||
| Q4 24 | $81.6B | $22.6B | ||
| Q3 24 | $83.5B | — | ||
| Q2 24 | $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 | | |
|---|---|---|
| Operating Cash FlowLast quarter | $2.4B | $5.0B |
| Free Cash FlowOCF − Capex | $2.2B | — |
| FCF MarginFCF / Revenue | 25.2% | — |
| Capex IntensityCapex / Revenue | 2.2% | — |
| Cash ConversionOCF / Net Profit | 1.66× | 3.12× |
| TTM Free Cash FlowTrailing 4 quarters | $5.6B | — |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $2.4B | $5.0B | ||
| Q3 25 | $2.0B | $3.5B | ||
| Q2 25 | $898.0M | $2.4B | ||
| Q1 25 | $1.2B | $756.9M | ||
| Q4 24 | $2.4B | — | ||
| Q3 24 | $1.6B | — | ||
| Q2 24 | $1.5B | — | ||
| Q1 24 | $1.9B | $468.5M |
| 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 | — |
| 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% | — |
| 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% | — |
| Q4 25 | 1.66× | 3.12× | ||
| Q3 25 | 1.58× | 9.46× | ||
| Q2 25 | 0.71× | 5.73× | ||
| Q1 25 | 0.90× | — | ||
| Q4 24 | 2.14× | — | ||
| Q3 24 | 1.60× | — | ||
| Q2 24 | 1.35× | — | ||
| Q1 24 | 2.16× | — |
Financial Flow Comparison
Revenue → gross profit → operating profit → net profit for each company.
Revenue Breakdown by Segment
PYPL
| US | $4.9B | 57% |
| Non Us | $3.7B | 43% |
SE
Segment breakdown not available.
