PayPal Holdings (PYPL) Operating Expenses (2014 - 2026)
PayPal Holdings (PYPL) posted Operating Expenses of $6.9 billion for Q1 2026, down 4.19% quarter-over-quarter from $7.2 billion in Q4 2025, and up 9.65% year-on-year from $6.3 billion in Q1 2025.
PayPal Holdings (PYPL) Operating Expenses (2014 - 2026) Analysis & Trends
PayPal Holdings (PYPL) has reported Operating Expenses for 13 consecutive years, with $6.9 billion the latest figure, recorded in Q1 2026.
- Operating Expenses for Q1 2026 came in at $6.9 billion, up 9.65% year-over-year; the trailing twelve-month figure through Mar 2026 was $27.7 billion (up 5.76% YoY), and the FY2025 annual result was $27.1 billion, up 2.4% from the prior year.
- Operating Expenses was $6.9 billion for Q1 2026 at PayPal Holdings, down from $7.2 billion in the prior quarter.
- Over five years, Operating Expenses peaked at $7.2 billion in Q4 2025 and troughed at $5.7 billion in Q3 2022.
- Average Operating Expenses over 5 years is $6.4 billion, with a median of $6.3 billion recorded in 2023.
- Year-over-year, Operating Expenses increased 18.22% in 2022 and dropped 4.13% in 2025.
- Over 5 years, Operating Expenses stood at $6.1 billion in 2022, then climbed by 2.59% to $6.3 billion in 2023, then grew by 9.96% to $6.9 billion in 2024, then gained by 3.47% to $7.2 billion in 2025, then decreased by 4.19% to $6.9 billion in 2026.
- Per Business Quant data, the three most recent Operating Expenses figures were $6.9 billion in Q1 2026, $7.2 billion in Q4 2025, and $6.9 billion in Q3 2025.
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Opex (Qtr) |
|---|---|---|---|---|---|
| 1 | Visa | 587.74 Bn | 575.34 Bn | - | 4.00 Bn |
| 2 | Mastercard | 465.55 Bn | 455.34 Bn | - | 3.49 Bn |
| 3 | American Express | 238.39 Bn | 184.35 Bn | 17.43 Bn | 13.88 Bn |
| 4 | PayPal Holdings | 40.24 Bn | 30.89 Bn | 7.84 Bn | 6.87 Bn |
| 5 | Affirm Holdings | 28.27 Bn | 26.55 Bn | 261.64 Mn | 950.34 Mn |
| 6 | SoFi Technologies | 23.54 Bn | 20.13 Bn | 929.25 Mn | 891.92 Mn |
| 7 | Ally Financial | 14.34 Bn | 13.89 Bn | 1.98 Bn | 1.24 Bn |
| 8 | Credit Acceptance | 7.51 Bn | 7.49 Bn | 562.70 Mn | 422.90 Mn |
| 9 | FinVolution | 6.22 Bn | 4.97 Bn | 311.24 Mn | -363.39 Mn |
| 10 | Sezzle | 5.91 Bn | 5.79 Bn | - | 66.50 Mn |
Historic Data
Download Data| Date | Value |
|---|---|
| Mar 31, 2026 | 6.87 Bn |
| Dec 31, 2025 | 7.17 Bn |
| Sep 30, 2025 | 6.90 Bn |
| Jun 30, 2025 | 6.78 Bn |
| Mar 31, 2025 | 6.26 Bn |
| Dec 31, 2024 | 6.93 Bn |
| Sep 30, 2024 | 6.46 Bn |
| Jun 30, 2024 | 6.56 Bn |
| Mar 31, 2024 | 6.53 Bn |
| Dec 31, 2023 | 6.30 Bn |
| Sep 30, 2023 | 6.25 Bn |
| Jun 30, 2023 | 6.15 Bn |
| Mar 31, 2023 | 6.04 Bn |
| Dec 31, 2022 | 6.14 Bn |
| Sep 30, 2022 | 5.73 Bn |
| Jun 30, 2022 | 6.04 Bn |
| Mar 31, 2022 | 5.77 Bn |
| Dec 31, 2021 | 5.87 Bn |
| Sep 30, 2021 | 5.14 Bn |
| Jun 30, 2021 | 5.11 Bn |