PayPal Holdings PYPL
NASDAQ PYPL
$53.66 -7.81 (-12.71%)
At close: Aug 28, 2026 · 4:00 PM EDT

PayPal Holdings (PYPL) Gross Margin (2017 - 2021)

PayPal Holdings' (PYPL) quarterly Gross Margin came in at 99.04% in Q1 2021, down 33.0% YoY from 147.82% in Q1 2020, and little changed on a QoQ basis from 99.28% in Q4 2020.

Analysis

PayPal Holdings (PYPL) Gross Margin (2017 - 2021) Analysis & Trends

PayPal Holdings (PYPL) has 5 years of Gross Margin data on file, last reported at 99.04% in Q1 2021.

  • Quarterly Gross Margin fell 33.0% year-over-year to 99.04% in Q1 2021, while the trailing twelve-month figure through Mar 2021 was 99.27% (down 56.0% YoY) and the FY2020 annual result came in at 99.35%, down 25.0% from the prior year.
  • Gross Margin was little changed at 99.04% in Q1 2021, from 99.28% in the prior quarter.
  • In the past five years, Gross Margin ranged from a high of 100.0% in Q2 2017 to a low of 95.85% in Q1 2018.
  • A 5-year average of 98.98% and a median of 99.28% in 2020 frame the typical range for Gross Margin.
  • Annual changes were most pronounced in 2018 — Gross Margin slumped 301 bps — and 2019, when it jumped 296 bps.
  • Tracing PYPL's Gross Margin over 5 years: stood at 97.54% in 2017, then increased by 2 bps to 99.72% in 2018, then climbed by 0 bps to 100.0% in 2019, then dropped by 1 bps to 99.28% in 2020, then slipped by 0 bps to 99.04% in 2021.
  • The last three Gross Margin figures came in at 99.04% (Q1 2021), 99.28% (Q4 2020), and 99.65% (Q3 2020), per Business Quant data.
Peer Set

Peer Comparison

# Company Market Cap Enterprise Value Gross Profit (Qtr) Gross Margin (Qtr)
1 Visa 680.39 Bn 668.03 Bn - -
2 Mastercard 518.33 Bn 504.84 Bn - -
3 American Express 224.91 Bn 175.59 Bn 17.99 Bn 91.60%
4 Capital One Financial 132.31 Bn 77.60 Bn - -
5 PayPal Holdings 46.25 Bn 35.00 Bn - -
6 Affirm Holdings 26.22 Bn 24.59 Bn - -
7 Synchrony Financial 25.37 Bn 9.17 Bn - -
8 SoFi Technologies 23.30 Bn 20.18 Bn 1.02 Bn 83.58%
9 Ally Financial 12.85 Bn 5.01 Bn 2.08 Bn 90.90%
10 FirstCash Holdings 9.51 Bn 9.34 Bn 533.67 Mn 49.66%
Historic Data

Historic Data

Download Data
DateValue
Mar 31, 2021 99.04%
Dec 31, 2020 99.28%
Sep 30, 2020 99.65%
Jun 30, 2020 99.11%
Mar 31, 2020 99.37%
Dec 31, 2019 100.00%
Sep 30, 2019 100.00%
Jun 30, 2019 99.95%
Mar 31, 2019 98.23%
Dec 31, 2018 99.72%
Sep 30, 2018 99.24%
Jun 30, 2018 96.99%
Mar 31, 2018 95.85%
Dec 31, 2017 97.54%
Sep 30, 2017 100.00%
Jun 30, 2017 100.00%
Mar 31, 2017 98.66%