PayPal Holdings, Inc. PYPL

55.04 2.44 4.64% as of 25 Sep
Market cap
$45.0B
P/E
10.3×
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PayPal Holdings, Inc. (PYPL) Gross margin

PayPal Holdings, Inc.'s gross margin over the twelve months to 30 June 2026 was 40.5%, down 1.0 percentage points from fiscal 2025 (41.5%). Over the past ten years it has ranged from 39.6% (fiscal 2023) to 51.0% (fiscal 2015); the current reading is higher than 27% of that period. That is below the Credit Services industry median of 77.1% and below the Financial sector median of 69.9%.

Gross margin, annual

Annual

Period Gross margin Change (points)
FY2025 41.5% 0.94
FY2024 40.5% 0.95
FY2023 39.6% (2.76)
FY2022 42.4% (4.64)
FY2021 47.0% 0.37
FY2020 46.6% 1.68
FY2019 44.9% (1.59)
FY2018 46.5% (2.34)
FY2017 48.9% 1.45
FY2016 47.4% (3.61)

Quarterly

Period Gross margin Change (points)
Jun 2026 39.6% (0.67)
Mar 2026 40.3% (1.09)
Dec 2025 41.4% 0.68
Sep 2025 40.7% (0.72)
42 more quarters

Against its own ten years

Low 39.6% High 51.0%
Ten-year median 46.5%
Current reading's percentile 27

Gross margin against peers

What Gross margin is

Gross Margin tells an investor how much of each sale a company keeps after paying the direct costs of making or buying what it sells.

Gross Profit ÷ Revenue

The full definition of Gross margin →

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