PayPal Holdings (PYPL) Research & Development (2014 - 2026)
PayPal Holdings posted quarterly Research & Development of $793.0 million for Q1 2026, up 8.48% year-on-year from $731.0 million in Q1 2025, and down 1.37% on a QoQ basis from $804.0 million in Q4 2025.
PayPal Holdings (PYPL) Research & Development (2014 - 2026) Analysis & Trends
PayPal Holdings (PYPL) has 13 years of Research & Development data on file, last reported at $793.0 million in Q1 2026.
- For the quarter ending Q1 2026, Research & Development rose 8.48% year-over-year to $793.0 million; the trailing twelve-month figure through Mar 2026 stood at $3.2 billion (up 6.64% YoY), and the FY2025 full-year result was $3.1 billion, up 4.16% from the prior year.
- Research & Development for Q1 2026 stood at $793.0 million, down from $804.0 million in the prior quarter.
- Across five years, Research & Development topped out at $822.0 million in Q4 2022 and bottomed at $718.0 million in Q2 2024.
- The 5-year median for Research & Development is $770.0 million (2023), against an average of $770.6 million.
- The widest annual swing landed in 2022, when Research & Development rose 9.99%; it then decreased 11.53% in 2023.
- A 5-year view of Research & Development shows it stood at $822.0 million in 2022, then retreated by 6.33% to $770.0 million in 2023, then grew by 0.39% to $773.0 million in 2024, then rose by 4.01% to $804.0 million in 2025, then retreated by 1.37% to $793.0 million in 2026.
- The last three Research & Development figures came in at $793.0 million (Q1 2026), $804.0 million (Q4 2025), and $801.0 million (Q3 2025), per Business Quant data.
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | R&D (Qtr) |
|---|---|---|---|---|---|
| 1 | Visa | 539.53 Bn | 527.13 Bn | - | 260.00 Mn |
| 2 | Mastercard | 441.81 Bn | 431.60 Bn | - | - |
| 3 | American Express | 215.01 Bn | 160.96 Bn | 17.43 Bn | 1.59 Bn |
| 4 | Capital One Financial | 114.99 Bn | 38.50 Bn | - | 496.00 Mn |
| 5 | PayPal Holdings | 41.29 Bn | 31.95 Bn | 7.84 Bn | 793.00 Mn |
| 6 | Affirm Holdings | 24.62 Bn | 22.89 Bn | 261.64 Mn | - |
| 7 | Synchrony Financial | 24.22 Bn | 3.66 Bn | - | 262.00 Mn |
| 8 | SoFi Technologies | 23.71 Bn | 20.31 Bn | 929.25 Mn | 187.68 Mn |
| 9 | Ally Financial | 13.13 Bn | 12.69 Bn | 1.98 Bn | - |
| 10 | Credit Acceptance | 6.46 Bn | 6.44 Bn | 562.70 Mn | - |
Historic Data
Download Data| Date | Value |
|---|---|
| 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 |
| Jun 30, 2021 | 746.00 Mn |