PayPal Holdings (PYPL) Operating Margin (2014 - 2026)
PayPal Holdings' Operating Margin was 16.33% in Q3 2026, down 1.73 percentage points from 18.06% a year earlier and down 0.10 percentage points from the prior quarter.
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Analysis
PayPal Holdings (PYPL) Operating Margin (2014 - 2026) Analysis & Trends
On a trailing twelve-month basis, PayPal Holdings' Operating Margin was 16.99% through Sep 30, 2026, down 1.25 percentage points year-over-year; for FY2025, it came in at 18.28%, up 1.54 percentage points from FY2024.
- Operating Margin shows a five-year change of +2.95 percentage points (FY2020 to FY2025).
- In earlier years, Operating Margin was 16.75% in FY2024 (-0.14 pp), 16.89% in FY2023 (+2.95 pp), 13.94% in FY2022 (-2.86 pp) and 16.80% in FY2021 (+1.47 pp).
- The Q3 2026 figure marks the lowest quarterly Operating Margin since Q1 2024.
- Compared with a year earlier, Operating Margin has declined for three straight quarters, with an average year-over-year change of -0.40 percentage points over the last eight quarters.
- The best year-over-year quarter for Operating Margin over five years was Q4 2023 (a gain of 4.68 percentage points); the worst was Q2 2022 (a drop of 6.84 percentage points).
- Per Business Quant data, PYPL's Operating Margin in the three quarters before Q3 2026 was 16.44% (Q2 2026), 17.81% (Q1 2026) and 17.42% (Q4 2025).
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Operating Margin (Qtr) |
|---|---|---|---|---|---|
| 1 | PayPal Holdings | 48.42 Bn | 7.12 Bn | - | 16.33% |
| 2 | Block | 45.61 Bn | 16.90 Bn | 3.17 Bn | 6.75% |
| 3 | Coinbase Global | 37.13 Bn | -2.51 Bn | - | 5.07% |
| 4 | Fiserv | 26.58 Bn | 23.25 Bn | 2.90 Bn | 19.18% |
| 5 | Corpay | 26.23 Bn | 16.11 Bn | - | 35.28% |
| 6 | Global Payments | 25.99 Bn | 3.78 Bn | 2.03 Bn | 10.15% |
| 7 | Guidewire Software | 13.67 Bn | 10.24 Bn | 269.68 Mn | 15.16% |
| 8 | Jack Henry & Associates | 11.62 Bn | 11.52 Bn | 273.85 Mn | 21.24% |
| 9 | Bitmine Immersion Technologies | 11.09 Bn | 8.47 Bn | 40.81 Mn | -25.50% |
| 10 | Chime Financial | 10.61 Bn | 6.40 Bn | 594.87 Mn | 3.18% |
Historic Data
Download Data
Historic Data
| Date | Value |
|---|---|
| Sep 30, 2026 | 16.33% |
| Jun 30, 2026 | 16.44% |
| Mar 31, 2026 | 17.81% |
| Dec 31, 2025 | 17.42% |
| Sep 30, 2025 | 18.06% |
| Jun 30, 2025 | 18.15% |
| Mar 31, 2025 | 19.64% |
| Dec 31, 2024 | 17.22% |
| Sep 30, 2024 | 17.73% |
| Jun 30, 2024 | 16.80% |
| Mar 31, 2024 | 15.17% |
| Dec 31, 2023 | 21.53% |
| Sep 30, 2023 | 15.75% |
| Jun 30, 2023 | 15.55% |
| Mar 31, 2023 | 14.19% |
| Dec 31, 2022 | 16.85% |
| Sep 30, 2022 | 16.33% |
| Jun 30, 2022 | 11.23% |
| Mar 31, 2022 | 10.97% |
| Dec 31, 2021 | 15.18% |
API Access
PayPal Holdings Operating Margin API
Pull this series into your own models, spreadsheets and apps with the Business Quant
Historical Metrics API. The request below matches the chart above — change the
frequency, period or values and it follows. Swap YOUR_API_KEY for your own key.
https://data.businessquant.com/historic?slug=operating-margin&ticker=PYPL&period=max&api_key=YOUR_API_KEYimport requests
url = "https://data.businessquant.com/historic"
params = {"slug": "operating-margin", "ticker": "PYPL", "period": "max", "api_key": "YOUR_API_KEY"}
data = requests.get(url, params=params).json()const res = await fetch("https://data.businessquant.com/historic?slug=operating-margin&ticker=PYPL&period=max&api_key=YOUR_API_KEY");
const data = await res.json();