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

PayPal Holdings (PYPL) has reported Gross Margin for 13 consecutive years, with 93.8% the latest figure, recorded in Q1 2026.

• Gross Margin for Q1 2026 came in at 93.8%, up 6.0% year-over-year; the trailing twelve-month figure through Mar 2026 was 93.14% (down 37.0% YoY), and the FY2025 annual result was 93.12%, down 59.0% from the prior year.
• Gross Margin was 93.8% for Q1 2026 at PayPal Holdings, up from 92.04% in the prior quarter.
• Over five years, Gross Margin peaked at 94.53% in Q1 2024 and troughed at 90.84% in Q1 2022.
• Average Gross Margin over 5 years is 93.18%, with a median of 93.62% recorded in 2023.
• Year-over-year, Gross Margin soared 297 bps in 2023 and sank 168 bps in 2024.
• Over 5 years, Gross Margin stood at 92.9% in 2022, then grew by 1 bps to 94.19% in 2023, then retreated by 2 bps to 92.52% in 2024, then slipped by 1 bps to 92.04% in 2025, then rose by 2 bps to 93.8% in 2026.
• Per Business Quant data, the three most recent Gross Margin figures were 93.8% in Q1 2026, 92.04% in Q4 2025, and 93.81% in Q3 2025.