Filing Flows › PayPal Holdings (PYPL) › Q3 2026 › vs Q3 2025
PayPal Holdings (PYPL) Q3 2026 vs Q3 2025 (year over year)
PayPal Holdings's revenue rose $167M (+2%) from $8.4B in Q3 2025 to $8.6B in Q3 2026. The biggest changes: Transaction revenues +$189M (+3%); Revenues from other value added services −$22.0M (-2%). Operating margin 16.3% against 18.1% (-1.7 pts).
PayPal Holdings, Q3 2026: revenue $8.6B (+2% year over year), operating margin 16.3%, net earnings $1.1B, operating cash flow $1.6B. The chart draws each line against Q3 2025, the increases inside each band.
Margins
| Q3 2026 | Q3 2025 | Change | |
|---|---|---|---|
| Operating margin | 16.3% | 18.1% | -1.7 pts |
| Net margin | 12.5% | 14.8% | -2.3 pts |
| Free cash flow margin | 16.7% | 20.4% | -3.7 pts |
Every line
| Line | Q3 2026 | Q3 2025 | Change | % |
|---|---|---|---|---|
| Transaction revenues | $7.7B | $7.5B | $189M | +3% |
| Revenues from other value added services | $873M | $895M | −$22.0M | -2% |
| Revenue | $8.6B | $8.4B | $167M | +2% |
| Operating profit | $1.4B | $1.5B | −$118M | -8% |
| Costs & expenses | $7.2B | $6.9B | $285M | +4% |
| Pre-tax earnings | $1.4B | $1.5B | −$159M | -10% |
| Other expense, net | $28.0M | −$13.0M | $41.0M | — |
| Sales & marketing | $508M | $521M | −$13.0M | -2% |
| General & admin | $520M | $513M | $7.0M | +1% |
| Other operating costs | $6.2B | $5.9B | $291M | +5% |
| Net earnings | $1.1B | $1.2B | −$175M | -14% |
| Income tax | $301M | $285M | $16.0M | +6% |
| Depreciation & amortization | $251M | $245M | $6.0M | +2% |
| Share-based compensation | $233M | $257M | −$24.0M | -9% |
| Working capital & other | $35.0M | $224M | −$189M | -84% |
| Operating cash flow | $1.6B | $2.0B | −$382M | -19% |
| Free cash flow (company-reported) | $1.4B | $1.7B | −$287M | -17% |
| Purchases of property and equipment | $161M | $256M | −$95.0M | -37% |
Questions
How much did PayPal Holdings's revenue grow year over year in Q3 2026?
PayPal Holdings's revenue rose $167M (+2%) from $8.4B in Q3 2025 to $8.6B in Q3 2026.
What drove PayPal Holdings's revenue change in Q3 2026?
Transaction revenues +$189M (+3%); Revenues from other value added services −$22.0M (-2%).