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
DateValue
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%