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PayPal Holdings (PYPL) Cost of Revenue (2016 - 2026)

PayPal Holdings filings provide 12 years of Cost of Revenue readings, the most recent being $691.0 million for Q4 2025.

  • On a quarterly basis, Cost of Revenue rose 10.38% to $691.0 million in Q4 2025 year-over-year; TTM through Dec 2025 was $2.3 billion, a 14.09% increase, with the full-year FY2025 number at $2.3 billion, up 14.09% from a year prior.
  • Cost of Revenue hit $691.0 million in Q4 2025 for PayPal Holdings, up from $521.0 million in the prior quarter.
  • In the past five years, Cost of Revenue ranged from a high of $691.0 million in Q4 2025 to a low of $421.0 million in Q1 2024.
  • Median Cost of Revenue over the past 5 years was $534.0 million (2022), compared with a mean of $539.8 million.
  • Biggest five-year swings in Cost of Revenue: skyrocketed 62.26% in 2021 and later fell 26.6% in 2023.
  • PayPal Holdings' Cost of Revenue stood at $666.0 million in 2021, then fell by 21.32% to $524.0 million in 2022, then dropped by 11.07% to $466.0 million in 2023, then skyrocketed by 34.33% to $626.0 million in 2024, then grew by 10.38% to $691.0 million in 2025.
  • The last three reported values for Cost of Revenue were $691.0 million (Q4 2025), $521.0 million (Q3 2025), and $583.0 million (Q2 2025) per Business Quant data.