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.
Analysis
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 Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Net Margin (Qtr) |
|---|---|---|---|---|---|
| 1 | Visa | 680.39 Bn | 668.03 Bn | - | 48.38% |
| 2 | Mastercard | 518.33 Bn | 504.84 Bn | - | 47.30% |
| 3 | American Express | 224.91 Bn | 175.59 Bn | 17.99 Bn | 15.84% |
| 4 | Capital One Financial | 132.31 Bn | 77.60 Bn | - | 18.52% |
| 5 | PayPal Holdings | 46.25 Bn | 35.00 Bn | - | 12.72% |
| 6 | Affirm Holdings | 26.22 Bn | 24.59 Bn | - | 138.65% |
| 7 | Synchrony Financial | 25.37 Bn | 9.17 Bn | - | 17.93% |
| 8 | SoFi Technologies | 23.30 Bn | 20.18 Bn | 1.02 Bn | 12.85% |
| 9 | Ally Financial | 12.85 Bn | 5.01 Bn | 2.08 Bn | 16.05% |
| 10 | FirstCash Holdings | 9.51 Bn | 9.34 Bn | 533.67 Mn | 8.70% |
Historic Data
Download Data
Historic Data
| Date | Value |
|---|---|
| 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% |