TTM
17.9%
YoY change
+1.54pp
Trough year (2022)
13.9%
Peak year (2025)
18.3%
Latest annual
18.3%
Operating Margin history chart for PayPal (PYPL) from 2012 to 2025
Latest: 18.3%
Operating Margin change chart for PayPal (PYPL) from 2012 to 2025
Latest: +1.54pp
Operating Margin history table for PayPal (PYPL) from 2012 to 2025
| 2025 | 18.3% | +1.54pp | ||
| 2024 | 16.7% | -0.14pp | ||
| 2023 | 16.9% | +2.95pp | ||
| 2022 | 13.9% | -2.86pp | ||
| 2021 | 16.8% | +1.47pp | ||
| 2020 | 15.3% | +0.03pp | ||
| 2019 | 15.3% | +1.10pp | ||
| 2018 | 14.2% | -2.04pp | ||
| 2017 | 16.2% | +1.62pp | ||
| 2016 | 14.6% | -1.17pp | ||
| 2015 | 15.8% | -0.00pp | ||
| 2014 | 15.8% | -0.42pp | ||
| 2013 | 16.2% | +0.68pp | ||
| 2012 | 15.5% | — |
- 202518.3%+1.54pp
- 202416.7%-0.14pp
- 202316.9%+2.95pp
- 202213.9%-2.86pp
- 202116.8%+1.47pp
- 202015.3%+0.03pp
- 201915.3%+1.10pp
- 201814.2%-2.04pp
- 201716.2%+1.62pp
- 201614.6%-1.17pp
- 201515.8%-0.00pp
- 201415.8%-0.42pp
- 201316.2%+0.68pp
- 201215.5%—
Operating Margin values are taken from PayPal's reported income 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 Operating Margin at PayPal (PYPL)
According to PayPal's latest reported financial statements, the company's latest reported operating margin is 17.9%. Operating margin is operating income divided by revenue — the share of each sales dollar left after cost of goods sold and operating expenses (SG&A, R&D), but before interest and taxes. It isolates how profitable the core business is before financing and tax decisions, so it is comparable across companies with different capital structures.
Headline figure above is from the reporting period ending (reported ). Chart and table below cover the full reported history back to .
In 2025, PayPal (PYPL) operating margin totalled 18.28% – expanded 1.5 percentage points year-over-year.
The highest annual operating margin of 18.28% was reported in 2025. The lowest in the available history was 13.94% in 2022.
PayPal Operating Margin by Year
PayPal Operating Margin 2025: 18.3%
PayPal posted operating margin of 18.28% in 2025, expanded 1.5 percentage points from 2024. This figure represents the highest annual value in the available history.
PayPal Operating Margin 2024: 16.7%
In 2024, PayPal reported operating margin of 16.75%, contracted 0.1 percentage points from 2023.
PayPal Operating Margin 2023: 16.9%
PayPal operating margin in 2023 was 16.89%, expanded 2.9 percentage points from 2022.
PayPal Operating Margin 2022: 13.9%
2022's operating margin for PayPal came in at 13.94%, contracted 2.9 percentage points from 2021. This figure represents the lowest annual value in the available history.
PayPal Operating Margin 2021: 16.8%
PayPal operating margin in 2021 was 16.80%.
See more financial history for PayPal (PYPL).
Sector peers by Operating Margin
Financial Services peers of PayPal (PYPL), ranked by their latest operating margin
| 61.1% | |
| 59.4% | |
| 26.2% | |
| 22.9% | |
| 20.5% | |
| 20.5% | |
| 19.5% | |
| 16.1% |
- 61.1%
- 59.4%
- 26.2%
- 20.5%
- 20.5%
- 19.5%
Frequently asked questions
PayPal (PYPL) Key Financials
Charts, filings, and peer comparison for every metric
Explore more
Deep-dives across the income statement, cash flow, capital return, and valuation