PayPal vs Block Business Model (2026)
PayPal earns most from Transaction revenue (89.8%), while Block earns most from Commerce enablement (47.6%). Computed from PayPal 10-K FY2025 and Block 10-K FY2025.
Last checked 2026-10-18 on the official pages.
PayPal
Amounts in millions of USD. Shares are computed from the filing.
| Revenue line | Value | % of total | Filing |
|---|---|---|---|
| Transaction revenue | $29,798 million ($29.8 billion) | 89.8% | 10-K FY2025 ↗ |
| Other value-added services | $3,374 million ($3.4 billion) | 10.2% | 10-K FY2025 ↗ |
| Total revenue | $33,172 million ($33.2 billion) | — | 10-K FY2025 ↗ |
Block
Amounts in millions of USD. Shares are computed from the filing.
| Revenue line | Value | % of total | Filing |
|---|---|---|---|
| Commerce enablement | $11,514 million ($11.5 billion) | 47.6% | 10-K FY2025 ↗ |
| Financial solutions | $4,177 million ($4.2 billion) | 17.3% | 10-K FY2025 ↗ |
| Bitcoin ecosystem | $8,503 million ($8.5 billion) | 35.1% | 10-K FY2025 ↗ |
| Total revenue | $24,194 million ($24.2 billion) | — | 10-K FY2025 ↗ |
Shared business models
Company and model pages
PayPal: Payments network
Block: Payments network
Frequently asked questions
How does PayPal make money?
PayPal makes money mainly from Transaction revenue. Its FY2025 total revenue was $33,172 million ($33.2 billion), with Transaction revenue the biggest disclosed revenue line at $29,798 million ($29.8 billion) and 89.8% of total revenue (computed from the 10-K FY2025). PayPal earns fees for completing payments and providing related services.
How does Block make money?
Block makes money mainly from Commerce enablement. Its FY2025 total revenue was $24,194 million ($24.2 billion), with Commerce enablement the biggest disclosed revenue line at $11,514 million ($11.5 billion) and 47.6% of total revenue (computed from the 10-K FY2025). Block earns debit card interchange on eligible transactions.