PayPal Holdings (PYPL) Return on Invested Capital [ROIC] (2018 - 2026)
PayPal Holdings' Return on Invested Capital [ROIC] came in at 15.87% for Q2 2026, up 1.02 percentage points from 14.85% a year earlier but down 0.48 percentage points from the prior quarter.
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Analysis
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 five-year range for quarterly Return on Invested Capital [ROIC] is 9.01% (Q4 2022) to 16.35% (Q1 2026).
- Year-over-year, Return on Invested Capital [ROIC] has increased for 13 consecutive quarters, with an average year-over-year change of +1.43 percentage points over the last eight quarters.
- 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 16.35% (Q1 2026), 15.93% (Q4 2025) and 15.41% (Q3 2025) in the three quarters before Q2 2026.
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | ROIC (Qtr) |
|---|---|---|---|---|---|
| 1 | PayPal Holdings | 47.87 Bn | 6.09 Bn | - | 15.87% |
| 2 | Coinbase Global | 47.32 Bn | 4.13 Bn | - | 2.41% |
| 3 | Block | 46.41 Bn | 17.67 Bn | 3.17 Bn | 2.04% |
| 4 | Iren | 26.78 Bn | 14.37 Bn | 103.89 Mn | - |
| 5 | Corpay | 26.12 Bn | 16.32 Bn | - | 12.44% |
| 6 | Fiserv | 24.26 Bn | 20.96 Bn | 2.90 Bn | 7.03% |
| 7 | Global Payments | 21.85 Bn | 290.86 Mn | 2.03 Bn | 2.37% |
| 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 | 6.58% |
| 10 | Chime Financial | 11.39 Bn | 7.18 Bn | 594.87 Mn | - |
Historic Data
Download Data
Historic Data
| Date | Value |
|---|---|
| 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% |
| Sep 30, 2021 | 13.10% |
API Access
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_KEYimport 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();