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

PayPal Holdings (PYPL) posted Net Margin of 13.32% for Q1 2026, down 19.55% quarter-over-quarter from 16.56% in Q4 2025, and down 319.0% year-on-year from 6.08% in Q1 2025.

PayPal Holdings (PYPL) Net Margin (2014 - 2026) Analysis & Trends

PayPal Holdings (PYPL) has reported Net Margin for 13 consecutive years, with 13.32% the latest figure, recorded in Q1 2026.

  • Net Margin for Q1 2026 came in at 13.32%, down 319.0% year-over-year; the trailing twelve-month figure through Mar 2026 was 15.0% (up 74.0% YoY), and the FY2025 annual result was 15.78%, up 273.0% from the prior year.
  • Net Margin was 13.32% for Q1 2026 at PayPal Holdings, down from 16.56% in the prior quarter.
  • Over five years, Net Margin peaked at 19.43% in Q3 2022 and troughed at 5.01% in Q2 2022.
  • Average Net Margin over 5 years is 12.94%, with a median of 13.75% recorded in 2023.
  • Year-over-year, Net Margin slumped 2399 bps in 2022 and surged 1913 bps in 2023.
  • Over 5 years, Net Margin stood at 12.47% in 2022, then jumped by 40 bps to 17.47% in 2023, then fell by 23 bps to 13.4% in 2024, then increased by 24 bps to 16.56% in 2025, then fell by 20 bps to 13.32% in 2026.
  • Per Business Quant data, the three most recent Net Margin figures were 13.32% in Q1 2026, 16.56% in Q4 2025, and 14.83% in Q3 2025.

Peer Comparison

# Company Market Cap Enterprise Value Gross Profit (Qtr) Net Margin (Qtr)
1 Visa 587.74 Bn 575.34 Bn - 53.62%
2 Mastercard 465.55 Bn 455.34 Bn - 46.23%
3 American Express 238.39 Bn 184.35 Bn 17.43 Bn 15.71%
4 PayPal Holdings 40.24 Bn 30.89 Bn 7.84 Bn 13.32%
5 Affirm Holdings 28.27 Bn 26.55 Bn 261.64 Mn 30.76%
6 SoFi Technologies 23.54 Bn 20.13 Bn 929.25 Mn 15.15%
7 Ally Financial 14.34 Bn 13.89 Bn 1.98 Bn 13.84%
8 Credit Acceptance 7.51 Bn 7.49 Bn 562.70 Mn 21.04%
9 FinVolution 6.22 Bn 4.97 Bn 311.24 Mn 14.05%
10 Sezzle 5.91 Bn 5.79 Bn - 37.86%

Historic Data

Download Data
DateValue
Mar 31, 2026 13.32%
Dec 31, 2025 16.56%
Sep 30, 2025 14.83%
Jun 30, 2025 15.21%
Mar 31, 2025 16.52%
Dec 31, 2024 13.40%
Sep 30, 2024 12.87%
Jun 30, 2024 14.31%
Mar 31, 2024 11.53%
Dec 31, 2023 17.47%
Sep 30, 2023 13.75%
Jun 30, 2023 14.12%
Mar 31, 2023 11.29%
Dec 31, 2022 12.47%
Sep 30, 2022 19.43%
Jun 30, 2022 -5.01%
Mar 31, 2022 7.85%
Dec 31, 2021 11.58%
Sep 30, 2021 17.58%
Jun 30, 2021 18.98%