• PayPal Holdings average return on tangible equity for 2023 was 45.18, a 54.36% increase from 2022.
• PayPal Holdings average return on tangible equity for 2022 was 29.27, a 41.47% increase from 2021.
• PayPal Holdings average return on tangible equity for 2021 was 50.01, a 34.73% decline from 2020.

Return on tangible equity can be defined as the amount of net income returned as a percentage of shareholders equity, after subtracting intangible assets, goodwill and preferred equity.