PayPal Net Income by Year: FY 2011 – 2019

The below graph represents the annual net income of PayPal, starting from fiscal 2011 to the recently completed year. PayPal net profit reached an all-time high of $2,459 million ($2.5 billion) in 2019, representing a 19.5% YoY growth.

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The above graph represents PayPal net income by year, starting from fiscal 2011 to the recently completed year. PayPal net profit in 2019 reached an all-time high of $2,459 million ($2.5 billion), globally. The 19.5% YoY growth in PayPal annual net profit was due to a 24% YoY increase in operating income and a 53% YoY increase in other income (expense).

SourcePayPal Annual Reports
Graph ID330
NotePayPal fiscal year starts from January 1st

Surprisingly, in fiscal 2014, PayPal annual net income tanked 56% YoY, to $419 million. According to company’s 2015 sec filing, this sudden decrease in net income in 2014 compared to 2013 was primarily attributable to the recognition of deferred tax liabilities in 2014, relating to undistributed foreign earnings of certain foreign subsidiaries for 2013 and prior years which resulted in an increase in income tax expense in 2014. However, after one year, in December 2015, PayPal recorded a whopping 193% YoY growth in its net income, generating $1,228 million.

Between 2011 and 2018, PayPal’s net income increased nearly 5 folds, from $460 million to $2,057 million.

About PayPal

Founded in December 1998 as Confinity Inc., by Max LevchinPeter ThielLuke Nosek, and Ken Howery, PayPal Holding Inc. (NASDAQ: PYPL) was funded by John Malloy from BlurRun ventures.

However, it was March 2000, when Confinity merged with, an online banking company founded by Elon Musk in November 1999. The visionary Musk was quick to visualise the future potential of the money transfer business Confinity was developing. In contrast to that, Bill Harris, the then-president and CEO of, didn’t find much merit in Musk’s thoughts. Soon, Harris decided to part ways was Musk was determined to stay focused on Confinity money transfer service. He was so committed that he terminated the company’s all other Internet banking operations in order to remain focused on the money transfer business. 

All these shifts created an impact on Elon Musk’s position in the company he was replaced by Peter Thiel as CEO of In the following year, the was renamed as PayPal.

The astounding growth of PayPal convinced executives to launch the IPO of PayPal in 2002. After the celebrated acquisition by eBay Inc. (NASDAQ: EBAY) in July 2020 which valued PayPal $1.5 billion – 7% above the IPO price – it was clear that PayPal is en route to become a global leader in money transfer business.

After thirteen years of being under the umbrella of eBay, PayPal once again became an independent publicly traded company.

The above graph is a part of Dazeinfo GraphFarm – the most trusted source of hundreds of thousands of market graphs. Our team of researchers mines millions of data points every month to bring the most updated and validated set of data points representing the comprehensive view in a graphical format. From mobile to e-commerce, from Retail to healthcare, from startups to SMEs we have carefully designed thousands of graphs for those who value and understand the importance of data visualisation.