PayPal Holdings (PYPL) Net Margin (2014 - 2026)
PayPal Holdings (PYPL) reported Net Margin of 13.32% for Q1 2026, down 319.0% on a YoY basis from 6.08% in Q1 2025, and down 19.55% quarter-over-quarter from 16.56% in Q4 2025.
PayPal Holdings (PYPL) Net Margin (2014 - 2026) Analysis & Trends
PayPal Holdings has reported Net Margin for 13 years, with the latest figure 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.
- The five-year high for Net Margin was 19.43% in Q3 2022, with the low at 5.01% in Q2 2022.
- Historically, Net Margin has averaged 12.94% across 5 years, with a median of 13.75% in 2023.
- Annual changes were most pronounced in 2022 — Net Margin plunged 2399 bps — and 2023, when it soared 1913 bps.
- PayPal Holdings' Net Margin 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 slipped 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 | 548.22 Bn | 535.81 Bn | - | 53.62% |
| 2 | Mastercard | 437.48 Bn | 427.27 Bn | - | 46.23% |
| 3 | American Express | 231.87 Bn | 177.83 Bn | 17.43 Bn | 15.71% |
| 4 | Capital One Financial | 125.74 Bn | 49.24 Bn | - | 13.66% |
| 5 | PayPal Holdings | 38.80 Bn | 29.46 Bn | 7.84 Bn | 13.32% |
| 6 | Synchrony Financial | 25.78 Bn | 5.22 Bn | - | 16.44% |
| 7 | Affirm Holdings | 24.65 Bn | 22.93 Bn | 261.64 Mn | 30.76% |
| 8 | SoFi Technologies | 22.89 Bn | 19.49 Bn | 929.25 Mn | 15.15% |
| 9 | Ally Financial | 14.15 Bn | 13.70 Bn | 1.98 Bn | 13.84% |
| 10 | Credit Acceptance | 6.63 Bn | 6.61 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% |