PayPal Holdings (PYPL) Cost of Revenue (2014 - 2026)

PayPal Holdings has reported Cost of Revenue for 13 years, with the latest figure 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.
• The five-year high for Cost of Revenue was $691.0 million in Q4 2025, with the low at $421.0 million in Q1 2024.
• Historically, Cost of Revenue has averaged $521.6 million across 5 years, with a median of $518.0 million in 2026.
• Annual changes were most pronounced in 2023 — Cost of Revenue dropped 26.6% — and 2024, when it surged 34.33%.
• PayPal Holdings' Cost of Revenue stood at $524.0 million in 2022, then declined by 11.07% to $466.0 million in 2023, then surged by 34.33% to $626.0 million in 2024, then increased by 10.38% to $691.0 million in 2025, then slipped 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.