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Asset Utilization RatioAssets AverageDebt RatioDebt to EquityEBIT MarginEBITDA MarginEBT MarginEnterprise ValueEquity AverageEquity RatioFCF MarginFCF Payout RatioGross MarginInvested CapitalNet MarginOperating MarginReturn on AssetsReturn on Capital EmployedReturn on EquityReturn on Invested CapitalReturn on Sales

PayPal Holdings (PYPL) Gross Margin (2016 - 2026)

PayPal Holdings filings provide 12 years of Gross Margin readings, the most recent being 92.04% for Q4 2025.

  • On a quarterly basis, Gross Margin fell 48.0% to 92.04% in Q4 2025 year-over-year; TTM through Dec 2025 was 93.12%, a 59.0% decrease, with the full-year FY2025 number at 93.12%, down 59.0% from a year prior.
  • Gross Margin hit 92.04% in Q4 2025 for PayPal Holdings, down from 93.81% in the prior quarter.
  • In the past five years, Gross Margin ranged from a high of 94.53% in Q1 2024 to a low of 89.93% in Q2 2021.
  • Median Gross Margin over the past 5 years was 92.93% (2022), compared with a mean of 92.58%.
  • Biggest five-year swings in Gross Margin: crashed -220bps in 2021 and later soared 297bps in 2023.
  • PayPal Holdings' Gross Margin stood at 90.37% in 2021, then grew by 3bps to 92.9% in 2022, then rose by 1bps to 94.19% in 2023, then fell by -2bps to 92.52% in 2024, then decreased by -1bps to 92.04% in 2025.
  • The last three reported values for Gross Margin were 92.04% (Q4 2025), 93.81% (Q3 2025), and 92.97% (Q2 2025) per Business Quant data.