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| Date | Value |
|---|---|
| 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% |