PayPal Holdings (PYPL) FCF Margin (2014 - 2026)
PayPal Holdings (PYPL) reported FCF Margin of 10.81% for Q1 2026, down 151.0% on a YoY basis from 21.2% in Q1 2025, and down 66.99% quarter-over-quarter from 32.75% in Q4 2025.
PayPal Holdings (PYPL) FCF Margin (2014 - 2026) Analysis & Trends
PayPal Holdings has reported FCF Margin for 13 years, with the latest figure at 10.81% in Q1 2026.
- For the quarter ending Q1 2026, FCF Margin fell 151.0% year-over-year to 10.81%; the trailing twelve-month figure through Mar 2026 stood at 18.25% (down 45.0% YoY), and the FY2025 full-year result was 18.74%, down 255.0% from the prior year.
- FCF Margin for Q1 2026 stood at 10.81%, down from 32.75% in the prior quarter.
- The five-year high for FCF Margin was 38.52% in Q4 2023, with the low at 4.8% in Q2 2023.
- Historically, FCF Margin has averaged 18.59% across 5 years, with a median of 18.02% in 2025.
- Annual changes were most pronounced in 2023 — FCF Margin slumped 2060 bps — and 2024, when it jumped 2418 bps.
- PayPal Holdings' FCF Margin stood at 28.97% in 2022, then jumped by 33 bps to 38.52% in 2023, then slumped by 38 bps to 24.03% in 2024, then soared by 36 bps to 32.75% in 2025, then slumped by 67 bps to 10.81% in 2026.
- The last three FCF Margin figures came in at 10.81% (Q1 2026), 32.75% (Q4 2025), and 18.02% (Q3 2025), per Business Quant data.
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | FCF Margin (Qtr) |
|---|---|---|---|---|---|
| 1 | Visa | 541.66 Bn | 529.25 Bn | - | 23.37% |
| 2 | Mastercard | 437.55 Bn | 427.34 Bn | - | 33.56% |
| 3 | American Express | 212.80 Bn | 158.76 Bn | 17.43 Bn | 14.04% |
| 4 | Capital One Financial | 112.47 Bn | 35.97 Bn | - | 35.91% |
| 5 | PayPal Holdings | 37.70 Bn | 28.36 Bn | 7.84 Bn | 10.81% |
| 6 | Synchrony Financial | 24.26 Bn | 3.70 Bn | - | 45.78% |
| 7 | Affirm Holdings | 21.24 Bn | 19.51 Bn | 261.64 Mn | 6,779.64% |
| 8 | SoFi Technologies | 20.46 Bn | 17.06 Bn | 929.25 Mn | -216.52% |
| 9 | Ally Financial | 13.30 Bn | 12.86 Bn | 1.98 Bn | 65.22% |
| 10 | Credit Acceptance | 6.24 Bn | 6.21 Bn | 562.70 Mn | 46.37% |
Historic Data
Download Data| Date | Value |
|---|---|
| Mar 31, 2026 | 10.81% |
| Dec 31, 2025 | 32.75% |
| Sep 30, 2025 | 18.02% |
| Jun 30, 2025 | 10.82% |
| Mar 31, 2025 | 12.32% |
| Dec 31, 2024 | 24.03% |
| Sep 30, 2024 | 18.68% |
| Jun 30, 2024 | 19.38% |
| Mar 31, 2024 | 22.90% |
| Dec 31, 2023 | 38.52% |
| Sep 30, 2023 | 14.84% |
| Jun 30, 2023 | -4.80% |
| Mar 31, 2023 | 14.20% |
| Dec 31, 2022 | 28.97% |
| Sep 30, 2022 | 22.98% |
| Jun 30, 2022 | 15.79% |
| Mar 31, 2022 | 15.83% |
| Dec 31, 2021 | 14.56% |
| Sep 30, 2021 | 20.80% |
| Jun 30, 2021 | 16.98% |