Latest period
$889M
YoY change
+24.7%
5Y CAGR
-0.3%
Peak year (FY2021)
$908M
Cumulative CapEx
$10.1B
CapEx history chart for PayPal (PYPL) from 2016 to 2025
Latest: $852M
CapEx growth chart for PayPal (PYPL) from 2016 to 2025
Latest: +24.7%
CapEx history table for PayPal (PYPL) from 2012 to 2025
| FY2025 | $852M | +24.7% | +$169M | ||
| FY2024 | $683M | +9.6% | +$60M | ||
| FY2023 | $623M | -11.8% | -$83M | ||
| FY2022 | $706M | -22.2% | -$202M | ||
| FY2021 | $908M | +4.8% | +$42M | ||
| FY2020 | $866M | +23.0% | +$162M | ||
| FY2019 | $704M | -14.5% | -$119M | ||
| FY2018 | $823M | +23.4% | +$156M | ||
| FY2017 | $667M | -0.3% | -$2M | ||
| FY2016 | $669M | -7.3% | -$53M | ||
| FY2015 | $722M | +46.7% | +$230M | ||
| FY2014 | $492M | +25.8% | +$101M | ||
| FY2013 | $391M | -23.5% | -$120M | ||
| FY2012 | $511M | — | — |
- FY2025$852M+24.7%
- FY2024$683M+9.6%
- FY2023$623M-11.8%
- FY2022$706M-22.2%
- FY2021$908M+4.8%
- FY2020$866M+23.0%
- FY2019$704M-14.5%
- FY2018$823M+23.4%
- FY2017$667M-0.3%
- FY2016$669M-7.3%
- FY2015$722M+46.7%
- FY2014$492M+25.8%
- FY2013$391M-23.5%
- FY2012$511M—
CapEx values are taken from PayPal's reported cash flow statements (quarterly 10-Q and annual 10-K filings with the U.S. Securities and Exchange Commission). Each row shows the period end date and the filing date. YoY compares each figure to the same period one year earlier. Amounts are in USD as filed.
About CapEx at PayPal (PYPL)
According to PayPal's latest reported financial statements, the company's current CapEx (TTM) is $889M. Capital expenditures (CapEx) are cash outlays for property, plant, and equipment and other long-lived productive assets — reported on the cash flow statement under investing activities. CapEx funds future capacity (factories, data centers, software, machinery), so rising spend can signal investment in growth, while heavy CapEx reduces free cash flow available to shareholders. We display CapEx as a positive amount (the absolute cash outflow); compare with revenue to gauge capital intensity and with total assets for the asset-base context.
Headline TTM above sums the four reported quarters through (reported ). Chart and table below cover the full reported history back to .
In 2025, PayPal (PYPL) CapEx totalled $852M – grew 24.7% year-over-year.
Looking at the 2020–2025 (5 years) stretch, PayPal CapEx compounded at -0.3% per year, sustaining 2 straight years of year-over-year growth.
PayPal CapEx declined from $908M in 2021 to $852M in 2025, a 6.2% drawdown.
The record annual CapEx stands at $908M, reached in 2021; the historical low of $391M was recorded in 2013.
PayPal Capital Expenditures by Year
PayPal Capital Expenditures 2025: $852M
2025's CapEx for PayPal came in at $852M, grew 24.7% from 2024.
PayPal Capital Expenditures 2024: $683M
PayPal posted CapEx of $683M in 2024, grew 9.6% from 2023.
PayPal Capital Expenditures 2023: $623M
In 2023, PayPal reported CapEx of $623M, declined 11.8% below 2022.
PayPal Capital Expenditures 2022: $706M
PayPal CapEx in 2022 was $706M, declined 22.2% below 2021.
PayPal Capital Expenditures 2021: $908M
PayPal CapEx in 2021 was $908M.
See more financial history for PayPal (PYPL).
Sector peers by CapEx
Financial Services peers of PayPal (PYPL), ranked by their latest CapEx
| $20.9B | |
| $2.9B | |
| $2.06B | |
| $1.48B | |
| $489M | |
| $0.00 | |
| $0.00 | |
| $0.00 |
- $2.9B
- $2.06B
- $1.48B
- $489M
- $0.00
- $0.00
Frequently asked questions
PayPal (PYPL) Key Financials
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How this company returns cash to shareholders — buybacks, dividends, and stock splits.