PayPal Holdings (PYPL) Gross Margin (2014 - 2026)

PayPal Holdings has reported Gross Margin for 13 years, with the latest figure at 93.8% in Q1 2026.

• For the quarter ending Q1 2026, Gross Margin rose 6.0% year-over-year to 93.8%; the trailing twelve-month figure through Mar 2026 stood at 93.14% (down 37.0% YoY), and the FY2025 full-year result was 93.12%, down 59.0% from the prior year.
• Gross Margin for Q1 2026 stood at 93.8%, up from 92.04% in the prior quarter.
• The five-year high for Gross Margin was 94.53% in Q1 2024, with the low at 90.84% in Q1 2022.
• Historically, Gross Margin has averaged 93.18% across 5 years, with a median of 93.62% in 2023.
• Annual changes were most pronounced in 2023 — Gross Margin jumped 297 bps — and 2024, when it tumbled 168 bps.
• PayPal Holdings' Gross Margin stood at 92.9% in 2022, then gained by 1 bps to 94.19% in 2023, then dropped by 2 bps to 92.52% in 2024, then fell by 1 bps to 92.04% in 2025, then climbed by 2 bps to 93.8% in 2026.
• The last three Gross Margin figures came in at 93.8% (Q1 2026), 92.04% (Q4 2025), and 93.81% (Q3 2025), per Business Quant data.