PayPal Holdings (PYPL) Net Margin (2014 - 2026)
PayPal Holdings' (PYPL) quarterly Net Margin came in at 12.72% in Q2 2026, down 250.0% on a YoY basis from 8.48% in Q2 2025, and down 4.57% quarter-over-quarter from 13.32% in Q1 2026.
Analysis
PayPal Holdings (PYPL) Net Margin (2014 - 2026) Analysis & Trends
PayPal Holdings (PYPL) has reported Net Margin for 13 consecutive years, with 12.72% the latest figure, recorded in Q2 2026.
- For the quarter ending Q2 2026, Net Margin fell 250.0% year-over-year to 12.72%; the trailing twelve-month figure through Jun 2026 stood at 14.36% (down 13.0% YoY), and the FY2025 full-year result was 15.78%, up 273.0% from the prior year.
- Net Margin eased to 12.72% in Q2 2026 per PYPL's latest filing, from 13.32% 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.
- Historically, Net Margin has averaged 12.92% across 5 years, with a median of 13.57% in 2023.
- The sharpest annual moves came in 2022 and 2023: Net Margin sank 2399 bps in 2022, then jumped 1913 bps in 2023.
- Over 5 years, Net Margin stood at 12.47% in 2022, then soared by 40 bps to 17.47% in 2023, then declined by 23 bps to 13.4% in 2024, then grew by 24 bps to 16.56% in 2025, then slipped by 23 bps to 12.72% in 2026.
- According to Business Quant data, Net Margin over the past three periods registered 12.72%, 13.32%, and 16.56% for Q2 2026, Q1 2026, and Q4 2025 respectively.
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Net Margin (Qtr) |
|---|---|---|---|---|---|
| 1 | Block | 45.83 Bn | 39.37 Bn | 3.17 Bn | 1.32% |
| 2 | PayPal Holdings | 45.18 Bn | 33.92 Bn | - | 12.72% |
| 3 | Corpay | 26.12 Bn | 19.43 Bn | 1.19 Bn | 18.81% |
| 4 | Fiserv | 25.09 Bn | 24.49 Bn | 3.59 Bn | 11.70% |
| 5 | Global Payments | 22.62 Bn | 17.85 Bn | 2.03 Bn | 0.22% |
| 6 | Wex | 6.64 Bn | 539.91 Mn | 463.80 Mn | 14.41% |
| 7 | Shift4 Payments | 6.06 Bn | 5.82 Bn | 446.00 Mn | 0.54% |
| 8 | Aci Worldwide | 5.09 Bn | 4.92 Bn | 181.57 Mn | 7.39% |
| 9 | Paymentus Holdings | 4.41 Bn | 4.04 Bn | 94.31 Mn | 7.09% |
| 10 | dLocal | 4.19 Bn | 3.32 Bn | 127.15 Mn | 13.67% |
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% |