PayPal Holdings PYPL
NASDAQ PYPL
$52.41 -0.53 (-1.00%)
At close: Sep 18, 2026 · 4:00 PM EDT

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

Historic Data

Download Data
DateValue
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