Block (formerly Square) vs PayPal Holdings: Business Model & Financial Comparison 2026
PayPal Holdings · Financial Services / Credit Services
Financial Comparison
| Metric | SQBlock (formerly Square) | PYPLPayPal Holdings |
|---|---|---|
| Market Cap | N/A | $42.01B |
| Revenue (TTM) | N/A | $33.17B |
| Revenue Growth | N/A | 3.7% |
| Gross Margin | N/A | 41.5% |
| Operating Margin | N/A | 17.5% |
| Net Margin | N/A | 15.8% |
| Return on Equity | N/A | 25.7% |
| P/E (Trailing) | N/A | 8.3x |
| P/E (Forward) | N/A | 7.7x |
| Free Cash Flow | N/A | $3.27B |
| Cash | N/A | $10.42B |
| Total Debt | N/A | $12.30B |
Data sourced from Yahoo Finance. Green highlights indicate better performance for that metric. Use the interactive tool for real-time data.
Business Model Comparison
Block (formerly Square)
Block (formerly Square) is a leading company in the fintech/payments industry. Block, Inc. (formerly Square) operates two distinct ecosystems: Square, which serves small-to-medium businesses with payment processing and commerce tools, and Cash App, which provides consumer financial services to approximately 57 million monthly active users. The company generated $22.3 billion i
Full Block (formerly Square) analysis →PayPal Holdings
PayPal Holdings, Inc. stands as a leading company in Financial Services. Generating $33.17 billion in annual revenue (growing 3.7% year-over-year) and carrying a market capitalization of $44.57 billion, the company has cemented its position as a foundational player in the global Credit Services landscape. Under the leadership of its leadership team, PayPal Holdings, Inc. continues to execute on a multi-year strategic vision that balances growth i…
Full PayPal Holdings analysis →SWOT Analysis Comparison
- See full analysis
- PayPal Holdings, Inc.'s gross margin of 41.5% is well above industry averages, reflecting pricing power, operational efficiency, or a high-value product mix. The operating margin of 17.5% demonstrates
- A return on equity of 25.7% demonstrates that PayPal Holdings, Inc. generates strong returns from shareholder capital, a hallmark of companies with durable competitive advantages.
- PayPal Holdings, Inc. generated $3.27B in free cash flow, providing financial flexibility to invest in growth initiatives, return capital to shareholders, or strengthen the balance sheet.
- See full analysis
- PayPal Holdings, Inc.'s debt-to-equity ratio of 60.7 indicates meaningful financial leverage. Total debt stands at $12.30B against $10.42B in cash and equivalents.
- Revenue growth of 3.7% is below what growth investors typically seek, suggesting market saturation in core businesses or increasing competitive pressure.
- See full analysis
- PayPal Holdings, Inc. operates in the Credit Services segment of the broader Financial Services sector, which represents a $26.5 trillion global financial services market by 2028. Even modest share ga
- Emerging markets — particularly India (1.4B people, rapidly growing middle class), Southeast Asia (700M people), and Sub-Saharan Africa — represent significant untapped addressable markets for PayPal
- Earnings growth of 39.4% YoY demonstrates PayPal Holdings, Inc.'s ability to convert revenue growth into shareholder value. Analysts project continued earnings expansion driven by operating leverage a
- See full analysis
- Global economic slowdowns, inflation, or rising interest rates can reduce consumer and enterprise spending. PayPal Holdings, Inc.'s revenue is not fully insulated from macroeconomic cycles, and a rece
- Increasing government regulation — particularly data privacy laws (GDPR, CCPA), antitrust enforcement, and trade restrictions — poses compliance costs and potential restrictions on PayPal Holdings, In
- Competition for skilled technology, engineering, and management talent remains intense. High employee turnover or inability to attract top talent could slow innovation and execution — particularly cri
Compare any 2–4 companies with live data
The interactive comparison tool lets you select any companies, see real-time metrics, and export a side-by-side report.
Open Comparison ToolBlock (formerly Square) vs PayPal Holdings: FAQ
- Is Block (formerly Square) bigger than PayPal Holdings?
- Both companies are significant players in their respective markets. See the financial comparison table above for current market capitalization data.
- Which has better profit margins — Block (formerly Square) or PayPal Holdings?
- See the profitability section of the comparison table above for gross margin, operating margin, and net margin data.
- What sectors do Block (formerly Square) and PayPal Holdings operate in?
- Block (formerly Square) operates in the broader market sector. PayPal Holdings operates in the Financial Services sector (Credit Services).
- How does Block (formerly Square)'s revenue compare to PayPal Holdings's?
- See the revenue row in the financial comparison table above for the most current trailing twelve-month revenue figures.