Capital Expenditures for PayPal (PYPL)
According to PayPal's latest reported financial statements, the company's current capital expenditures (TTM) is $852.00M USD. 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 .
PYPL
Currently viewingCapital ExpendituresSwitch metric
Latest period
$852.00M
YoY change
+24.7%
5Y CAGR
-0.3%
Peak year (2021)
$908.00M
Cumulative capital expenditures
$9.62B
CapEx history chart for PayPal (PYPL) from 2012 to 2025
CapEx history table for PayPal (PYPL) from 2012 to 2025
| Fiscal year | Period ended | Reported | Capital Expenditures | YoY |
|---|---|---|---|---|
| 2025 | $852.00M | +24.7% | ||
| 2024 | $683.00M | +9.6% | ||
| 2023 | $623.00M | -11.8% | ||
| 2022 | $706.00M | -22.2% | ||
| 2021 | $908.00M | +4.8% | ||
| 2020 | $866.00M | +23.0% | ||
| 2019 | $704.00M | -14.5% | ||
| 2018 | $823.00M | +23.4% | ||
| 2017 | $667.00M | -0.3% | ||
| 2016 | $669.00M | -7.3% | ||
| 2015 | $722.00M | +46.7% | ||
| 2014 | $492.00M | +25.8% | ||
| 2013 | $391.00M | -23.5% | ||
| 2012 | $511.00M | — |
CapEx values are taken from PayPal's reported cash flow statements (10-Q quarterly and 10-K annual filings with the U.S. Securities and Exchange Commission). Each row shows the period end date and the date the filing was reported; YoY compares each figure to the same period one year earlier. Amounts are in USD as filed.
Analysis
In 2025, PayPal (PYPL) capital expenditures totalled $852.00M – grew 24.7% year-over-year.
Looking at the 2020–2025 (5 years) stretch, PayPal capital expenditures compounded at -0.3% per year, sustaining 2 straight years of year-over-year growth.
PayPal capital expenditures declined from $908.00M in 2021 to $852.00M in 2025, a 6.2% drawdown.
The dataset's maximum capital expenditures sits at $908.00M (2021); the minimum reading of $391.00M dates to 2013.
Within Financial Services, PayPal (PYPL) ranks 5th among 8 peers we track. The peer median for capital expenditures is $985.50M.
PayPal Capital Expenditures by Year
PayPal Capital Expenditures 2025: $852.00M
PayPal capital expenditures in 2025 was $852.00M, grew 24.7% from 2024.
PayPal Capital Expenditures 2024: $683.00M
PayPal capital expenditures in 2024 was $683.00M, grew 9.6% from 2023.
PayPal Capital Expenditures 2023: $623.00M
PayPal capital expenditures in 2023 was $623.00M, declined 11.8% below 2022.
PayPal Capital Expenditures 2022: $706.00M
PayPal capital expenditures in 2022 was $706.00M, declined 22.2% below 2021.
PayPal Capital Expenditures 2021: $908.00M
PayPal capital expenditures in 2021 was $908.00M.
See more financial history for PayPal (PYPL).
Sector peers — CapEx
Companies in the same sector as PayPal, ranked by their latest capital expenditures.
| Company | Capital Expenditures | Sector |
|---|---|---|
| Berkshire Hathaway Inc. (BRK-B) | $20.93B | Financial Services |
| Morgan Stanley (MS) | $2.90B | Financial Services |
| The Goldman Sachs Group, Inc. (GS) | $2.06B | Financial Services |
| Visa Inc. (V) | $1.48B | Financial Services |
| Mastercard Incorporated (MA) | $489.00M | Financial Services |
| JPMorgan Chase & Co. (JPM) | $0 | Financial Services |
| Bank of America Corporation (BAC) | $0 | Financial Services |
| Wells Fargo & Company (WFC) | $0 | Financial Services |
Frequently asked questions
What is PayPal's capital expenditures?
- Latest reported capital expenditures for PayPal (PYPL) is $852.00M (period ending December 31, 2025).
How has PayPal capital expenditures changed year-over-year?
- PayPal (PYPL) capital expenditures changed +24.7% year-over-year on the latest annual filing.
What is the long-term growth rate of PayPal capital expenditures?
- PayPal (PYPL) capital expenditures compound annual growth rate is -0.3% over the most recent 5 years available.
When did PayPal capital expenditures hit its highest annual value?
- PayPal capital expenditures reached its highest annual value of $908.00M in 2021.
What was PayPal capital expenditures in 2024?
- PayPal (PYPL) capital expenditures in 2024 was $683.00M.
What was PayPal capital expenditures in 2025?
- PayPal (PYPL) capital expenditures in 2025 was $852.00M.
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