Filing Flows › PayPal Holdings (PYPL) › Q2 2026 › vs Q1 2026
PayPal Holdings (PYPL) Q2 2026 vs Q1 2026 (quarter over quarter)
PayPal Holdings's revenue rose $329M (+4%) from $8.4B in Q1 2026 to $8.7B in Q2 2026. The biggest changes: Transaction revenues +$331M (+4%); Revenues from other value added services −$2.0M (-0.2%). Operating margin 16.4% against 17.8% (-1.4 pts).
PayPal Holdings, Q2 2026: revenue $8.7B (+5% year over year), operating margin 16.4%, net earnings $1.1B, operating cash flow $2.0B. The chart draws each line against Q1 2026, the increases inside each band.
Margins
| Q2 2026 | Q1 2026 | Change | |
|---|---|---|---|
| Operating margin | 16.4% | 17.8% | -1.4 pts |
| Net margin | 12.7% | 13.3% | -0.6 pts |
Every line
| Line | Q2 2026 | Q1 2026 | Change | % |
|---|---|---|---|---|
| Transaction revenues | $7.8B | $7.5B | $331M | +4% |
| Revenues from other value added services | $850M | $852M | −$2.0M | -0.2% |
| Revenue | $8.7B | $8.4B | $329M | +4% |
| Operating profit | $1.4B | $1.5B | −$61.0M | -4% |
| Costs & expenses | $7.3B | $6.9B | $390M | +6% |
| Pre-tax earnings | $1.3B | $1.4B | −$83.0M | -6% |
| Other expense, net | $117M | $95.0M | $22.0M | +23% |
| Sales & marketing | $546M | $518M | $28.0M | +5% |
| General & admin | $503M | $491M | $12.0M | +2% |
| Other operating costs | $6.2B | $5.9B | $350M | +6% |
| Net earnings | $1.1B | $1.1B | −$9.0M | -0.8% |
| Income tax | $206M | $280M | −$74.0M | -26% |
| Depreciation & amortization | $246M | $238M | $8.0M | +3% |
| Share-based compensation | $275M | $259M | $16.0M | +6% |
| Working capital & other | $358M | −$476M | $834M | — |
| Operating cash flow | $2.0B | $1.1B | $849M | +75% |
Questions
How much did PayPal Holdings's revenue grow quarter over quarter in Q2 2026?
PayPal Holdings's revenue rose $329M (+4%) from $8.4B in Q1 2026 to $8.7B in Q2 2026.
What drove PayPal Holdings's revenue change in Q2 2026?
Transaction revenues +$331M (+4%); Revenues from other value added services −$2.0M (-0.2%).