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

PayPal Holdings posted quarterly Net Margin of 13.32% for Q1 2026, down 319.0% year-on-year from 6.08% in Q1 2025, and down 19.55% on a QoQ basis from 16.56% in Q4 2025.

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

PayPal Holdings (PYPL) has 13 years of Net Margin data on file, last reported at 13.32% in Q1 2026.

  • For the quarter ending Q1 2026, Net Margin fell 319.0% year-over-year to 13.32%; the trailing twelve-month figure through Mar 2026 stood at 15.0% (up 74.0% YoY), and the FY2025 full-year result was 15.78%, up 273.0% from the prior year.
  • Net Margin for Q1 2026 stood at 13.32%, down from 16.56% in the prior quarter.
  • Across five years, Net Margin topped out at 19.43% in Q3 2022 and bottomed at 5.01% in Q2 2022.
  • The 5-year median for Net Margin is 13.75% (2023), against an average of 12.94%.
  • The widest annual swing landed in 2022, when Net Margin slumped 2399 bps; it then soared 1913 bps in 2023.
  • A 5-year view of Net Margin shows it stood at 12.47% in 2022, then surged by 40 bps to 17.47% in 2023, then dropped by 23 bps to 13.4% in 2024, then climbed by 24 bps to 16.56% in 2025, then dropped by 20 bps to 13.32% in 2026.
  • The last three Net Margin figures came in at 13.32% (Q1 2026), 16.56% (Q4 2025), and 14.83% (Q3 2025), per Business Quant data.

Peer Comparison

# Company Market Cap Enterprise Value Gross Profit (Qtr) Net Margin (Qtr)
1 Visa 539.53 Bn 527.13 Bn - 53.62%
2 Mastercard 441.81 Bn 431.60 Bn - 46.23%
3 American Express 215.01 Bn 160.96 Bn 17.43 Bn 15.71%
4 Capital One Financial 114.99 Bn 38.50 Bn - 13.66%
5 PayPal Holdings 41.29 Bn 31.95 Bn 7.84 Bn 13.32%
6 Affirm Holdings 24.62 Bn 22.89 Bn 261.64 Mn 30.76%
7 Synchrony Financial 24.22 Bn 3.66 Bn - 16.44%
8 SoFi Technologies 23.71 Bn 20.31 Bn 929.25 Mn 15.15%
9 Ally Financial 13.13 Bn 12.69 Bn 1.98 Bn 13.84%
10 Credit Acceptance 6.46 Bn 6.44 Bn 562.70 Mn 21.04%

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%