PYPL PE Ratio (Forward) data by YCharts Despite challenges related to the macroeconomic backdrop, PayPal still expects to grow revenue by roughly 11% this year and post more than $5 billion in free cash flow. Buy now, pay later upstart Affirm Holdings (NASDAQ: AFRM) and payments giant PayPal Holdings (NASDAQ: PYPL) have each been feeling the squeeze, and their share prices have fallen 86% and 70%, respectively, from lifetime highs. Valuations for fintech companies have gotten hit hard this year amid high levels of inflation, rapidly rising interest rates, and investors shying away from risks associated with growth stocks.