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| 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% |