PayPal Holdings (PYPL) Return on Invested Capital [ROIC] (2018 - 2026)
PayPal Holdings' Return on Invested Capital [ROIC] came in at 14.60% for Q3 2026, down 0.81 percentage points from 15.41% a year earlier and down 1.27 percentage points from the prior quarter.
PayPal Holdings (PYPL) Return on Invested Capital [ROIC] (2018 - 2026) Analysis & Trends
For FY2025, PayPal Holdings' Return on Invested Capital [ROIC] was 16.24%, up 2.65 percentage points from FY2024.
- Return on Invested Capital [ROIC] has increased in each of the last three years, with a five-year change of +5.51 percentage points (FY2020 to FY2025).
- Going back by year, Return on Invested Capital [ROIC] was 13.58% in FY2024 (+0.73 pp), 12.85% in FY2023 (+3.73 pp), 9.12% in FY2022 (-5.38 pp) and 14.50% in FY2021 (+3.78 pp).
- The Q3 2026 figure represents the lowest quarterly Return on Invested Capital [ROIC] since Q1 2025.
- Year-over-year, Return on Invested Capital [ROIC] increased in seven of the last eight quarters, with an average year-over-year change of +1.02 percentage points.
- The fastest year-over-year change in Return on Invested Capital [ROIC] over five years came in Q4 2021 (a gain of 4.59 percentage points), and the weakest in Q4 2022 (a drop of 5.24 percentage points).
- Business Quant data shows PYPL's Return on Invested Capital [ROIC] at 15.87% (Q2 2026), 16.35% (Q1 2026) and 15.93% (Q4 2025) in the three quarters before Q3 2026.
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | ROIC (Qtr) |
|---|---|---|---|---|---|
| 1 | Block | 51.56 Bn | 23.34 Bn | 3.24 Bn | 2.52% |
| 2 | PayPal Holdings | 50.29 Bn | 8.99 Bn | - | 14.60% |
| 3 | Coinbase Global | 35.53 Bn | -4.11 Bn | - | 0.76% |
| 4 | Fiserv | 33.43 Bn | 30.64 Bn | 2.76 Bn | -4.41% |
| 5 | Corpay | 29.86 Bn | 18.68 Bn | - | 11.41% |
| 6 | Global Payments | 25.78 Bn | 604.58 Mn | 2.01 Bn | 0.00% |
| 7 | Guidewire Software | 13.57 Bn | 10.14 Bn | 269.68 Mn | 6.58% |
| 8 | Jack Henry & Associates | 12.44 Bn | 12.35 Bn | 273.85 Mn | 22.66% |
| 9 | Chime Financial | 11.95 Bn | 7.64 Bn | 646.07 Mn | 3.07% |
| 10 | Bitmine Immersion Technologies | 10.38 Bn | 7.76 Bn | 40.81 Mn | - |
Historic Data
| Date | Value |
|---|---|
| Sep 30, 2026 | 14.60% |
| Jun 30, 2026 | 15.87% |
| Mar 31, 2026 | 16.35% |
| Dec 31, 2025 | 15.93% |
| Sep 30, 2025 | 15.41% |
| Jun 30, 2025 | 14.85% |
| Mar 31, 2025 | 14.58% |
| Dec 31, 2024 | 13.71% |
| Sep 30, 2024 | 14.38% |
| Jun 30, 2024 | 13.96% |
| Mar 31, 2024 | 13.31% |
| Dec 31, 2023 | 12.91% |
| Sep 30, 2023 | 11.94% |
| Jun 30, 2023 | 11.94% |
| Mar 31, 2023 | 9.59% |
| Dec 31, 2022 | 9.01% |
| Sep 30, 2022 | 9.35% |
| Jun 30, 2022 | 9.79% |
| Mar 31, 2022 | 12.46% |
| Dec 31, 2021 | 14.25% |
PayPal Holdings Return on Invested Capital [ROIC] 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=return-on-invested-capital-%5Broic%5D&ticker=PYPL&period=max&api_key=YOUR_API_KEY
import requests
url = "https://data.businessquant.com/historic"
params = {"slug": "return-on-invested-capital-[roic]", "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=return-on-invested-capital-%5Broic%5D&ticker=PYPL&period=max&api_key=YOUR_API_KEY");
const data = await res.json();