PayPal Holdings (PYPL) Research & Development (2014 - 2026)
PayPal Holdings (PYPL) recorded Research & Development of $849 million in Q2 2026, up 10.7% from $767 million a year earlier and up 7.1% from the prior quarter.
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Analysis
PayPal Holdings (PYPL) Research & Development (2014 - 2026) Analysis & Trends
On a TTM basis, PayPal Holdings' Research & Development came in at $3.25 billion as of Jun 30, 2026, up 7.6% year-over-year; for FY2025, it was $3.1 billion, up 4.2% from FY2024.
- Annual Research & Development has a five-year compound annual growth rate of 3.3% (FY2020 to FY2025).
- Across earlier years, Research & Development came in at $2.98 billion in FY2024 (+0.2%), $2.97 billion in FY2023 (-8.6%), $3.25 billion in FY2022 (+7.1%) and $3.04 billion in FY2021 (+15.0%).
- The Q2 2026 figure is the highest quarterly Research & Development since Q4 2018.
- On a year-over-year basis, Research & Development has increased for five consecutive quarters, with growth averaging 4.7% over the last eight quarters.
- Peak year-over-year performance for Research & Development in the last five years was growth of 12.0% in Q3 2021, against a decline of 11.5% in Q1 2023 at the low end.
- Per Business Quant, the preceding three quarters came in at $793 million (Q1 2026), $804 million (Q4 2025) and $801 million (Q3 2025).
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | R&D (Qtr) |
|---|---|---|---|---|---|
| 1 | PayPal Holdings | 47.87 Bn | 6.09 Bn | - | 849.00 Mn |
| 2 | Coinbase Global | 47.32 Bn | 4.13 Bn | - | 472.85 Mn |
| 3 | Block | 46.41 Bn | 17.67 Bn | 3.17 Bn | 608.66 Mn |
| 4 | Iren | 26.78 Bn | 14.37 Bn | 103.89 Mn | - |
| 5 | Corpay | 26.12 Bn | 16.32 Bn | - | - |
| 6 | Fiserv | 24.26 Bn | 20.96 Bn | 2.90 Bn | - |
| 7 | Global Payments | 21.85 Bn | 290.86 Mn | 2.03 Bn | - |
| 8 | Bitmine Immersion Technologies | 13.94 Bn | 11.32 Bn | 40.81 Mn | - |
| 9 | Guidewire Software | 13.71 Bn | 10.27 Bn | 269.68 Mn | 90.59 Mn |
| 10 | Chime Financial | 11.39 Bn | 7.18 Bn | 594.87 Mn | 112.11 Mn |
Historic Data
Download Data
Historic Data
| Date | Value |
|---|---|
| Jun 30, 2026 | 849.00 Mn |
| Mar 31, 2026 | 793.00 Mn |
| Dec 31, 2025 | 804.00 Mn |
| Sep 30, 2025 | 801.00 Mn |
| Jun 30, 2025 | 767.00 Mn |
| Mar 31, 2025 | 731.00 Mn |
| Dec 31, 2024 | 773.00 Mn |
| Sep 30, 2024 | 746.00 Mn |
| Jun 30, 2024 | 718.00 Mn |
| Mar 31, 2024 | 742.00 Mn |
| Dec 31, 2023 | 770.00 Mn |
| Sep 30, 2023 | 739.00 Mn |
| Jun 30, 2023 | 743.00 Mn |
| Mar 31, 2023 | 721.00 Mn |
| Dec 31, 2022 | 822.00 Mn |
| Sep 30, 2022 | 801.00 Mn |
| Jun 30, 2022 | 815.00 Mn |
| Mar 31, 2022 | 815.00 Mn |
| Dec 31, 2021 | 796.00 Mn |
| Sep 30, 2021 | 755.00 Mn |
API Access
PayPal Holdings Research & Development 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=research-and-development&ticker=PYPL&period=max&api_key=YOUR_API_KEYimport requests
url = "https://data.businessquant.com/historic"
params = {"slug": "research-and-development", "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=research-and-development&ticker=PYPL&period=max&api_key=YOUR_API_KEY");
const data = await res.json();