PayPal Holdings (PYPL) Operating Expenses (2014 - 2026)
PayPal Holdings' (PYPL) quarterly Operating Expenses came in at $7.3 billion in Q2 2026, up 6.94% on a YoY basis from $6.8 billion in Q2 2025, and up 5.68% quarter-over-quarter from $6.9 billion in Q1 2026.
Analysis
PayPal Holdings (PYPL) Operating Expenses (2014 - 2026) Analysis & Trends
PayPal Holdings (PYPL) has reported Operating Expenses for 13 consecutive years, with $7.3 billion the latest figure, recorded in Q2 2026.
- For the quarter ending Q2 2026, Operating Expenses rose 6.94% year-over-year to $7.3 billion; the trailing twelve-month figure through Jun 2026 stood at $28.2 billion (up 6.64% YoY), and the FY2025 full-year result was $27.1 billion, up 2.4% from the prior year.
- Operating Expenses rose to $7.3 billion in Q2 2026 per PYPL's latest filing, from $6.9 billion in the prior quarter.
- Across five years, Operating Expenses topped out at $7.3 billion in Q2 2026 and bottomed at $5.7 billion in Q3 2022.
- Historically, Operating Expenses has averaged $6.5 billion across 5 years, with a median of $6.4 billion in 2023.
- The sharpest annual moves came in 2022 and 2025: Operating Expenses grew 18.22% in 2022, then slipped 4.13% in 2025.
- Over 5 years, Operating Expenses stood at $6.1 billion in 2022, then advanced by 2.59% to $6.3 billion in 2023, then climbed by 9.96% to $6.9 billion in 2024, then rose by 3.47% to $7.2 billion in 2025, then rose by 1.26% to $7.3 billion in 2026.
- According to Business Quant data, Operating Expenses over the past three periods registered $7.3 billion, $6.9 billion, and $7.2 billion for Q2 2026, Q1 2026, and Q4 2025 respectively.
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Opex (Qtr) |
|---|---|---|---|---|---|
| 1 | Block | 45.83 Bn | 39.37 Bn | 3.17 Bn | 2.72 Bn |
| 2 | PayPal Holdings | 45.18 Bn | 33.92 Bn | - | 7.26 Bn |
| 3 | Corpay | 26.12 Bn | 19.43 Bn | 1.19 Bn | 260.40 Mn |
| 4 | Fiserv | 25.09 Bn | 24.49 Bn | 3.59 Bn | 4.28 Bn |
| 5 | Global Payments | 22.62 Bn | 17.85 Bn | 2.03 Bn | 2.98 Bn |
| 6 | Wex | 6.64 Bn | 539.91 Mn | 463.80 Mn | 233.50 Mn |
| 7 | Shift4 Payments | 6.06 Bn | 5.82 Bn | 446.00 Mn | 257.00 Mn |
| 8 | Aci Worldwide | 5.09 Bn | 4.92 Bn | 181.57 Mn | 385.77 Mn |
| 9 | Paymentus Holdings | 4.41 Bn | 4.04 Bn | 94.31 Mn | 61.69 Mn |
| 10 | dLocal | 4.19 Bn | 3.32 Bn | 127.15 Mn | -46.35 Mn |
Historic Data
Download Data
Historic Data
| Date | Value |
|---|---|
| Jun 30, 2026 | 7.26 Bn |
| 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 |