vs
Side-by-side financial comparison of PayPal (PYPL) and WORLD KINECT CORP (WKC). Click either name above to swap in a different company.
WORLD KINECT CORP is the larger business by last-quarter revenue ($9.7B vs $8.7B, roughly 1.1× PayPal). PayPal runs the higher net margin — 16.6% vs -0.0%, a 16.6% gap on every dollar of revenue. On growth, PayPal posted the faster year-over-year revenue change (3.7% vs 2.0%). PayPal produced more free cash flow last quarter ($2.2B vs $-60.2M). Over the past eight quarters, PayPal's revenue compounded faster (6.2% CAGR vs -6.0%).
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.
World Kinect Corporation, formerly known as World Fuel Services Corporation, is an energy, commodities, and services company based in Doral, Florida. The company ranked No. 70 in the 2022 Fortune 500 list of the largest United States corporations. WKC focuses on the marketing, trading, and financing of aviation, marine, building, and ground transportation energy commodities and related services. As of 2013, WKC also operates in natural gas and power.
PYPL vs WKC — Head-to-Head
Income Statement — Q4 FY2025 vs Q1 FY2026
| Metric | | |
|---|---|---|
| Revenue | $8.7B | $9.7B |
| Net Profit | $1.4B | $-700.0K |
| Gross Margin | — | 2.8% |
| Operating Margin | 17.4% | — |
| Net Margin | 16.6% | -0.0% |
| Revenue YoY | 3.7% | 2.0% |
| Net Profit YoY | 28.2% | -250.0% |
| EPS (diluted) | $1.53 | $0.50 |
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 | — | $9.7B | ||
| Q4 25 | $8.7B | $9.0B | ||
| Q3 25 | $8.4B | $9.4B | ||
| Q2 25 | $8.3B | $9.0B | ||
| Q1 25 | $7.8B | $9.5B | ||
| Q4 24 | $8.4B | $9.8B | ||
| Q3 24 | $7.8B | $10.5B | ||
| Q2 24 | $7.9B | $11.0B |
| Q1 26 | — | $-700.0K | ||
| Q4 25 | $1.4B | $-279.6M | ||
| Q3 25 | $1.2B | $25.7M | ||
| Q2 25 | $1.3B | $-339.4M | ||
| Q1 25 | $1.3B | $-21.1M | ||
| Q4 24 | $1.1B | $-101.8M | ||
| Q3 24 | $1.0B | $33.5M | ||
| Q2 24 | $1.1B | $108.3M |
| Q1 26 | — | 2.8% | ||
| Q4 25 | — | 2.6% | ||
| Q3 25 | — | 2.7% | ||
| Q2 25 | — | 2.6% | ||
| Q1 25 | — | 2.4% | ||
| Q4 24 | — | 2.7% | ||
| Q3 24 | — | 2.6% | ||
| Q2 24 | — | 2.2% |
| Q1 26 | — | — | ||
| Q4 25 | 17.4% | -3.1% | ||
| Q3 25 | 18.1% | 0.7% | ||
| Q2 25 | 18.1% | -3.8% | ||
| Q1 25 | 19.6% | -0.1% | ||
| Q4 24 | 17.2% | 0.3% | ||
| Q3 24 | 17.7% | 0.7% | ||
| Q2 24 | 16.8% | 0.4% |
| Q1 26 | — | -0.0% | ||
| Q4 25 | 16.6% | -3.1% | ||
| Q3 25 | 14.8% | 0.3% | ||
| Q2 25 | 15.2% | -3.8% | ||
| Q1 25 | 16.5% | -0.2% | ||
| Q4 24 | 13.4% | -1.0% | ||
| Q3 24 | 12.9% | 0.3% | ||
| Q2 24 | 14.3% | 1.0% |
| Q1 26 | — | $0.50 | ||
| Q4 25 | $1.53 | $-5.02 | ||
| Q3 25 | $1.30 | $0.46 | ||
| Q2 25 | $1.29 | $-6.06 | ||
| Q1 25 | $1.29 | $-0.37 | ||
| Q4 24 | $1.09 | $-1.70 | ||
| Q3 24 | $0.99 | $0.57 | ||
| Q2 24 | $1.08 | $1.81 |
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 | $151.1M |
| Total DebtLower is stronger | — | $798.7M |
| Stockholders' EquityBook value | $20.3B | $1.2B |
| Total Assets | $80.2B | $6.8B |
| Debt / EquityLower = less leverage | — | 0.66× |
8-quarter trend — quarters aligned by calendar period.
| Q1 26 | — | $151.1M | ||
| Q4 25 | $10.4B | $193.5M | ||
| Q3 25 | $10.8B | $473.6M | ||
| Q2 25 | $10.0B | $403.2M | ||
| Q1 25 | $11.2B | $456.4M | ||
| Q4 24 | $10.8B | $382.9M | ||
| Q3 24 | $11.9B | $373.8M | ||
| Q2 24 | $13.6B | $524.6M |
| Q1 26 | — | $798.7M | ||
| Q4 25 | — | $685.2M | ||
| Q3 25 | — | $766.6M | ||
| Q2 25 | — | $775.2M | ||
| Q1 25 | — | $792.3M | ||
| Q4 24 | — | $796.8M | ||
| Q3 24 | — | $798.0M | ||
| Q2 24 | — | $797.8M |
| Q1 26 | — | $1.2B | ||
| Q4 25 | $20.3B | $1.3B | ||
| Q3 25 | $20.2B | $1.6B | ||
| Q2 25 | $20.2B | $1.6B | ||
| Q1 25 | $20.3B | $1.9B | ||
| Q4 24 | $20.4B | $1.9B | ||
| Q3 24 | $20.2B | $2.0B | ||
| Q2 24 | $20.6B | $2.0B |
| Q1 26 | — | $6.8B | ||
| Q4 25 | $80.2B | $5.9B | ||
| Q3 25 | $79.8B | $6.1B | ||
| Q2 25 | $79.8B | $6.1B | ||
| Q1 25 | $81.3B | $6.6B | ||
| Q4 24 | $81.6B | $6.7B | ||
| Q3 24 | $83.5B | $7.0B | ||
| Q2 24 | $84.0B | $7.2B |
| Q1 26 | — | 0.66× | ||
| Q4 25 | — | 0.53× | ||
| Q3 25 | — | 0.47× | ||
| Q2 25 | — | 0.48× | ||
| Q1 25 | — | 0.41× | ||
| Q4 24 | — | 0.41× | ||
| Q3 24 | — | 0.39× | ||
| Q2 24 | — | 0.39× |
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 | $2.2B | $-60.2M |
| FCF MarginFCF / Revenue | 25.2% | -0.6% |
| Capex IntensityCapex / Revenue | 2.2% | 0.1% |
| Cash ConversionOCF / Net Profit | 1.66× | — |
| TTM Free Cash FlowTrailing 4 quarters | $5.6B | $67.9M |
8-quarter trend — quarters aligned by calendar period.
| Q1 26 | — | — | ||
| Q4 25 | $2.4B | $34.2M | ||
| Q3 25 | $2.0B | $116.1M | ||
| Q2 25 | $898.0M | $28.2M | ||
| Q1 25 | $1.2B | $114.4M | ||
| Q4 24 | $2.4B | $120.3M | ||
| Q3 24 | $1.6B | $-38.5M | ||
| Q2 24 | $1.5B | $67.9M |
| Q1 26 | — | $-60.2M | ||
| Q4 25 | $2.2B | $12.9M | ||
| Q3 25 | $1.7B | $102.0M | ||
| Q2 25 | $692.0M | $13.2M | ||
| Q1 25 | $964.0M | $99.2M | ||
| Q4 24 | $2.2B | $102.4M | ||
| Q3 24 | $1.4B | $-56.7M | ||
| Q2 24 | $1.4B | $53.3M |
| Q1 26 | — | -0.6% | ||
| Q4 25 | 25.2% | 0.1% | ||
| Q3 25 | 20.4% | 1.1% | ||
| Q2 25 | 8.3% | 0.1% | ||
| Q1 25 | 12.4% | 1.0% | ||
| Q4 24 | 26.2% | 1.0% | ||
| Q3 24 | 18.4% | -0.5% | ||
| Q2 24 | 17.3% | 0.5% |
| Q1 26 | — | 0.1% | ||
| Q4 25 | 2.2% | 0.2% | ||
| Q3 25 | 3.0% | 0.2% | ||
| Q2 25 | 2.5% | 0.2% | ||
| Q1 25 | 2.5% | 0.2% | ||
| Q4 24 | 2.4% | 0.2% | ||
| Q3 24 | 2.2% | 0.2% | ||
| Q2 24 | 2.0% | 0.1% |
| Q1 26 | — | — | ||
| Q4 25 | 1.66× | — | ||
| Q3 25 | 1.58× | 4.52× | ||
| Q2 25 | 0.71× | — | ||
| Q1 25 | 0.90× | — | ||
| Q4 24 | 2.14× | — | ||
| Q3 24 | 1.60× | -1.15× | ||
| Q2 24 | 1.35× | 0.63× |
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% |
WKC
| Aviation segment | $5.0B | 52% |
| Land segment | $2.9B | 30% |
| Marine segment | $1.9B | 20% |
