eBay Inc. vs PayPal Holdings, Inc., two Internet Retail stocks. A side-by-side on valuation, growth, margins, returns, and what each price is betting.
These two share a bloodline, spun apart years ago, and both still move commerce online, eBay through its marketplace, PayPal through its wallet. eBay keeps a wider 17.61% net margin against PayPal's 15%, and trades at 24.47 times earnings to PayPal's 8.31, so the market pays up for the marketplace and marks down the processor. PayPal answers with cash: a 13.51% free-cash yield against eBay's 4.95%. Both run light balance sheets, eBay at 0.17 debt to equity, PayPal at 0.54, and both pay small dividends. The former parent and its former payments arm, now valued on opposite logic, one for margin, the other for cash it out-earns its price on.
Comparison updated 2026-07-11.
| Metric | EBAY | PYPL |
|---|---|---|
| Price | $117.21 | $46.33 |
| Market cap | $53.6B | $42.6B |
| Sector | Internet Retail | Internet Retail |
| Stage | Mature | Mature |
| Implied growth (priced in) | +18.4% | — |
| P/E | 26.6 | 8.7 |
| P/B | 12.14 | 2.13 |
| P/S | 4.62 | 1.26 |
| EV/EBITDA | 21.7 | 7.4 |
| Revenue growth | +12.5% | +5.8% |
| Gross margin | 74.0% | — |
| Operating margin | 19.8% | 17.8% |
| Net margin | 17.6% | 15.0% |
| Return on equity | 46.3% | 25.3% |
| Return on assets | 11.4% | 6.3% |
| Return on invested capital | 36.5% | 15.4% |
| FCF yield | 4.6% | 12.9% |
| Dividend yield | — | 0.3% |
| Debt / equity | 0.17 | 0.54 |
| Current ratio | 1.22 | 1.26 |
| Altman Z (solvency) | 6.32 | 1.67 |
| Piotroski F (quality) | 7 / 9 | 6 / 9 |
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The stronger value is highlighted per metric where one is strictly better on that single number; it is not an overall verdict on either company. For informational and research purposes only. Not investment advice. Not a recommendation to buy, sell, or hold any security. boothcheck is not a registered investment adviser. Past performance does not guarantee future results.