PayPal Holdings (PYPL) Net Margin (2014 - 2026)
PayPal Holdings' Net Margin came in at 12.50% for Q3 2026, down 2.33 percentage points from 14.83% a year earlier and down 0.22 percentage points from the prior quarter.
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Analysis
PayPal Holdings (PYPL) Net Margin (2014 - 2026) Analysis & Trends
Over the trailing twelve months to Sep 30, 2026, PayPal Holdings reported Net Margin of 13.78%, down 1.18 percentage points year-over-year; for FY2025, it was 15.78%, up 2.73 percentage points from FY2024.
- Net Margin carries a five-year change of -3.81 percentage points (FY2020 to FY2025).
- Going back by year, Net Margin was 13.04% in FY2024 (-1.22 pp), 14.26% in FY2023 (+5.47 pp), 8.79% in FY2022 (-7.64 pp) and 16.43% in FY2021 (-3.15 pp).
- The Q3 2026 figure represents the lowest quarterly Net Margin since Q1 2024.
- Year-over-year, Net Margin has declined for three consecutive quarters, with an average year-over-year change of -0.13 percentage points over the last eight quarters.
- The fastest year-over-year change in Net Margin over five years came in Q2 2023 (a gain of 19.13 percentage points), and the weakest in Q2 2022 (a drop of 23.99 percentage points).
- Business Quant data shows PYPL's Net Margin at 12.72% (Q2 2026), 13.32% (Q1 2026) and 16.56% (Q4 2025) in the three quarters before Q3 2026.
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Net Margin (Qtr) |
|---|---|---|---|---|---|
| 1 | PayPal Holdings | 48.42 Bn | 7.12 Bn | - | 12.50% |
| 2 | Block | 45.61 Bn | 16.90 Bn | 3.17 Bn | 1.34% |
| 3 | Coinbase Global | 37.13 Bn | -2.51 Bn | - | 59.36% |
| 4 | Fiserv | 26.58 Bn | 23.25 Bn | 2.90 Bn | 11.85% |
| 5 | Corpay | 26.23 Bn | 16.11 Bn | - | 18.55% |
| 6 | Global Payments | 25.99 Bn | 3.78 Bn | 2.03 Bn | 0.39% |
| 7 | Guidewire Software | 13.67 Bn | 10.24 Bn | 269.68 Mn | 7.64% |
| 8 | Jack Henry & Associates | 11.62 Bn | 11.52 Bn | 273.85 Mn | 17.27% |
| 9 | Bitmine Immersion Technologies | 11.09 Bn | 8.47 Bn | 40.81 Mn | -179.60% |
| 10 | Chime Financial | 10.61 Bn | 6.40 Bn | 594.87 Mn | 4.16% |
Historic Data
Download Data
Historic Data
| Date | Value |
|---|---|
| Sep 30, 2026 | 12.50% |
| Jun 30, 2026 | 12.72% |
| 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% |
API Access
PayPal Holdings Net Margin API
Pull this series into your own models, spreadsheets and apps with the Business Quant
Historical Metrics API. The request below matches the chart above — change the
frequency, period or values and it follows. Swap YOUR_API_KEY for your own key.
https://data.businessquant.com/historic?slug=net-margin&ticker=PYPL&period=max&api_key=YOUR_API_KEYimport requests
url = "https://data.businessquant.com/historic"
params = {"slug": "net-margin", "ticker": "PYPL", "period": "max", "api_key": "YOUR_API_KEY"}
data = requests.get(url, params=params).json()const res = await fetch("https://data.businessquant.com/historic?slug=net-margin&ticker=PYPL&period=max&api_key=YOUR_API_KEY");
const data = await res.json();