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Operating Expense Breakdown
Details major cost buckets like R&D, marketing, and G&A, showing how PayPal invests for growth, how scalable the business is, and where margin pressure may come from.PayPal’s expense profile is splitting: transaction expense remains the dominant, volume‑linked cost and has grown with TPV, constraining margin leverage, while non‑transaction spending—notably R&D and marketing—has been ratcheted up as management pulls forward modernization and growth initiatives. Customer‑ops and G&A show signs of trimming, but a volatile “Other” line (a large late‑2023 one‑off) masks true run‑rate. With take‑rate pressure and investments weighing on near‑term margins, the announced $1.5B cost‑savings plan is the key catalyst for restoring EPS upside if execution stays on track.
Date | Sales and Marketing | Research and Development | General and Administrative | Transaction and Loan Losses | Other | Customer Support and Operations | Transaction Expense |
|---|---|---|---|---|---|---|---|
Jun 30, 2026 | $546.00M | $849.00M | $503.00M | $397.00M | $113.00M | $462.00M | $4.38B |
Mar 31, 2026 | $518.00M | $793.00M | $491.00M | $378.00M | $74.00M | $446.00M | $4.17B |
Dec 31, 2025 | $691.00M | $804.00M | $502.00M | $390.00M | $80.00M | $446.00M | $4.25B |
Sep 30, 2025 | $521.00M | $801.00M | $513.00M | $483.00M | $69.00M | $447.00M | $4.06B |
Jun 30, 2025 | $583.00M | $767.00M | $461.00M | $476.00M | $116.00M | $413.00M | $3.97B |
Mar 31, 2025 | $488.00M | $731.00M | $503.00M | $371.00M | $66.00M | $398.00M | $3.70B |
Dec 31, 2024 | $626.00M | $773.00M | $594.00M | $434.00M | $50.00M | $451.00M | $4.00B |
Sep 30, 2024 | $508.00M | $746.00M | $519.00M | $352.00M | $63.00M | $427.00M | $3.84B |
Jun 30, 2024 | $446.00M | $718.00M | $507.00M | $335.00M | $113.00M | $436.00M | $3.94B |
Mar 31, 2024 | $421.00M | $742.00M | $464.00M | $321.00M | $212.00M | $454.00M | $3.92B |