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

PayPal Holdings' (PYPL) quarterly Net Margin came in at 12.72% in Q2 2026, down 250.0% YoY from 8.48% in Q2 2025, and down 4.57% on a QoQ basis from 13.32% in Q1 2026.

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

PayPal Holdings (PYPL) has 13 years of Net Margin data on file, last reported at 12.72% in Q2 2026.

  • Quarterly Net Margin fell 250.0% year-over-year to 12.72% in Q2 2026, while the trailing twelve-month figure through Jun 2026 was 14.36% (down 13.0% YoY) and the FY2025 annual result came in at 15.78%, up 273.0% from the prior year.
  • Net Margin fell to 12.72% in Q2 2026, from 13.32% in the prior quarter.
  • In the past five years, Net Margin ranged from a high of 19.43% in Q3 2022 to a low of 5.01% in Q2 2022.
  • A 5-year average of 12.92% and a median of 13.57% in 2023 frame the typical range for Net Margin.
  • Annual changes were most pronounced in 2022 — Net Margin plunged 2399 bps — and 2023, when it soared 1913 bps.
  • Tracing PYPL's Net Margin over 5 years: stood at 12.47% in 2022, then jumped by 40 bps to 17.47% in 2023, then slipped by 23 bps to 13.4% in 2024, then advanced by 24 bps to 16.56% in 2025, then retreated by 23 bps to 12.72% in 2026.
  • The last three Net Margin figures came in at 12.72% (Q2 2026), 13.32% (Q1 2026), and 16.56% (Q4 2025), per Business Quant data.

Peer Comparison

# Company Market Cap Enterprise Value Gross Profit (Qtr) Net Margin (Qtr)
1 Visa 618.21 Bn 605.85 Bn - 48.38%
2 Mastercard 506.53 Bn 493.04 Bn - 47.30%
3 American Express 232.32 Bn 183.00 Bn 17.99 Bn 15.84%
4 Capital One Financial 136.19 Bn 81.48 Bn - 23.28%
5 PayPal Holdings 52.34 Bn 41.08 Bn - 12.72%
6 Eason Technology 35.89 Bn 35.89 Bn - -
7 Synchrony Financial 26.09 Bn 9.90 Bn - 17.93%
8 Affirm Holdings 25.93 Bn 24.20 Bn - 9.91%
9 SoFi Technologies 23.04 Bn 22.68 Bn -41.62 Mn 128.75%
10 Ally Financial 13.61 Bn 5.77 Bn 2.08 Bn 16.05%

Historic Data

Download Data
DateValue
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%
Sep 30, 2021 17.58%