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PayPal Holdings (PYPL) Operating Expenses (2016 - 2025)

PayPal Holdings' Operating Expenses history spans 12 years, with the latest figure at $7.2 billion for Q4 2025.

  • For Q4 2025, Operating Expenses rose 3.47% year-over-year to $7.2 billion; the TTM value through Dec 2025 reached $27.1 billion, up 2.4%, while the annual FY2025 figure was $27.1 billion, 2.4% up from the prior year.
  • Operating Expenses reached $7.2 billion in Q4 2025 per PYPL's latest filing, up from $6.9 billion in the prior quarter.
  • In the past five years, Operating Expenses ranged from a high of $7.2 billion in Q4 2025 to a low of $5.0 billion in Q1 2021.
  • Average Operating Expenses over 5 years is $6.2 billion, with a median of $6.2 billion recorded in 2023.
  • Peak YoY movement for Operating Expenses: grew 18.58% in 2021, then fell 4.13% in 2025.
  • A 5-year view of Operating Expenses shows it stood at $5.9 billion in 2021, then grew by 4.62% to $6.1 billion in 2022, then increased by 2.59% to $6.3 billion in 2023, then rose by 9.96% to $6.9 billion in 2024, then rose by 3.47% to $7.2 billion in 2025.
  • Per Business Quant, the three most recent readings for PYPL's Operating Expenses are $7.2 billion (Q4 2025), $6.9 billion (Q3 2025), and $6.8 billion (Q2 2025).