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
DateValue
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