PayPal Holdings (PYPL) Cost of Revenue (2014 - 2026)
PayPal Holdings posted quarterly Cost of Revenue of $518.0 million for Q1 2026, up 6.15% year-on-year from $488.0 million in Q1 2025, and down 25.04% on a QoQ basis from $691.0 million in Q4 2025.
PayPal Holdings (PYPL) Cost of Revenue (2014 - 2026) Analysis & Trends
PayPal Holdings (PYPL) has 13 years of Cost of Revenue data on file, last reported at $518.0 million in Q1 2026.
- For the quarter ending Q1 2026, Cost of Revenue rose 6.15% year-over-year to $518.0 million; the trailing twelve-month figure through Mar 2026 stood at $2.3 billion (up 11.85% YoY), and the FY2025 full-year result was $2.3 billion, up 14.09% from the prior year.
- Cost of Revenue for Q1 2026 stood at $518.0 million, down from $691.0 million in the prior quarter.
- Across five years, Cost of Revenue topped out at $691.0 million in Q4 2025 and bottomed at $421.0 million in Q1 2024.
- The 5-year median for Cost of Revenue is $518.0 million (2026), against an average of $521.6 million.
- The widest annual swing landed in 2023, when Cost of Revenue dropped 26.6%; it then surged 34.33% in 2024.
- A 5-year view of Cost of Revenue shows it stood at $524.0 million in 2022, then fell by 11.07% to $466.0 million in 2023, then soared by 34.33% to $626.0 million in 2024, then rose by 10.38% to $691.0 million in 2025, then dropped by 25.04% to $518.0 million in 2026.
- The last three Cost of Revenue figures came in at $518.0 million (Q1 2026), $691.0 million (Q4 2025), and $521.0 million (Q3 2025), per Business Quant data.
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Cost of Rev (Qtr) |
|---|---|---|---|---|---|
| 1 | Visa | 539.53 Bn | 527.13 Bn | - | - |
| 2 | Mastercard | 441.81 Bn | 431.60 Bn | - | - |
| 3 | American Express | 215.01 Bn | 160.96 Bn | 17.43 Bn | 1.48 Bn |
| 4 | Capital One Financial | 114.99 Bn | 38.50 Bn | - | 1.50 Bn |
| 5 | PayPal Holdings | 41.29 Bn | 31.95 Bn | 7.84 Bn | 518.00 Mn |
| 6 | Affirm Holdings | 24.62 Bn | 22.89 Bn | 261.64 Mn | 72.85 Mn |
| 7 | Synchrony Financial | 24.22 Bn | 3.66 Bn | - | - |
| 8 | SoFi Technologies | 23.71 Bn | 20.31 Bn | 929.25 Mn | 171.12 Mn |
| 9 | Ally Financial | 13.13 Bn | 12.69 Bn | 1.98 Bn | 121.00 Mn |
| 10 | Credit Acceptance | 6.46 Bn | 6.44 Bn | 562.70 Mn | 17.20 Mn |
Historic Data
Download Data| Date | Value |
|---|---|
| Mar 31, 2026 | 518.00 Mn |
| Mar 31, 2026 | 518.00 Mn |
| Dec 31, 2025 | 691.00 Mn |
| Dec 31, 2025 | 691.00 Mn |
| Sep 30, 2025 | 521.00 Mn |
| Sep 30, 2025 | 521.00 Mn |
| Jun 30, 2025 | 583.00 Mn |
| Jun 30, 2025 | 583.00 Mn |
| Mar 31, 2025 | 488.00 Mn |
| Mar 31, 2025 | 488.00 Mn |
| Dec 31, 2024 | 626.00 Mn |
| Dec 31, 2024 | 626.00 Mn |
| Sep 30, 2024 | 508.00 Mn |
| Sep 30, 2024 | 508.00 Mn |
| Jun 30, 2024 | 446.00 Mn |
| Jun 30, 2024 | 446.00 Mn |
| Mar 31, 2024 | 421.00 Mn |
| Mar 31, 2024 | 421.00 Mn |
| Dec 31, 2023 | 466.00 Mn |
| Dec 31, 2023 | 466.00 Mn |