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

PayPal Holdings (PYPL) Gross Margin (2016 - 2025)

PayPal Holdings' Gross Margin history spans 12 years, with the latest figure at 92.04% for Q4 2025.

  • For Q4 2025, Gross Margin fell 48.0% year-over-year to 92.04%; the TTM value through Dec 2025 reached 93.12%, down 59.0%, while the annual FY2025 figure was 93.12%, 59.0% down from the prior year.
  • Gross Margin reached 92.04% in Q4 2025 per PYPL's latest filing, 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.
  • Average Gross Margin over 5 years is 92.58%, with a median of 92.93% recorded in 2022.
  • Peak YoY movement for Gross Margin: tumbled -220bps in 2021, then surged 297bps in 2023.
  • A 5-year view of Gross Margin shows it 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.
  • Per Business Quant, the three most recent readings for PYPL's Gross Margin are 92.04% (Q4 2025), 93.81% (Q3 2025), and 92.97% (Q2 2025).