Investing
CapEx
PayPal Holdings, Inc. CapEx increased by 19.1% to $231.00M in Q1 2026 compared to the prior quarter. Year-over-year, this metric grew by 17.9%, from $196.00M to $231.00M. Over 4 years (FY 2021 to FY 2025), CapEx shows relatively stable performance with a -1.6% CAGR. This increase may warrant attention — for this metric, lower values are generally preferred.
Analysis
StatementCash Flow Statement
SectionInvesting
CategoryCapital Allocation
SignalLower is better
VolatilityModerate
First reportedQ1 2013
Last reportedQ1 2026May 5, 2026
How to read this metric
Higher spending indicates aggressive infrastructure scaling or modernization, while lower spending may suggest efficiency or reduced capital intensity.
Detailed definition
Represents cash outflows for the acquisition or maintenance of long-term physical assets such as data centers, hardware,...
Peer comparison
Standard across all technology and financial services firms as a measure of infrastructure investment.
Metric ID:
capital_expendituresHistorical Data
20 periods
| Q2 '21 | Q3 '21 | Q4 '21 | Q1 '22 | Q2 '22 | Q3 '22 | Q4 '22 | Q1 '23 | Q2 '23 | Q3 '23 | Q4 '23 | Q1 '24 | Q2 '24 | Q3 '24 | Q4 '24 | Q1 '25 | Q2 '25 | Q3 '25 | Q4 '25 | Q1 '26 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Value | $247.00M | $227.00M | $213.00M | $191.00M | $175.00M | $182.00M | $158.00M | $170.00M | $150.00M | $158.00M | $145.00M | $154.00M | $157.00M | $169.00M | $203.00M | $196.00M | $206.00M | $256.00M | $194.00M | $231.00M |
| QoQ Change | — | -8.1% | -6.2% | -10.3% | -8.4% | +4.0% | -13.2% | +7.6% | -11.8% | +5.3% | -8.2% | +6.2% | +1.9% | +7.6% | +20.1% | -3.4% | +5.1% | +24.3% | -24.2% | +19.1% |
| YoY Change | — | — | — | — | -29.1% | -19.8% | -25.8% | -11.0% | -14.3% | -13.2% | -8.2% | -9.4% | +4.7% | +7.0% | +40.0% | +27.3% | +31.2% | +51.5% | -4.4% | +17.9% |
Range$145.00M – $256.00M
CAGR-1.4%
Avg YoY Growth+2.8%
Median YoY Growth-6.3%
CapEx at Other Companies
Frequently Asked Questions
- What is PayPal Holdings, Inc.'s capex?
- PayPal Holdings, Inc. (PYPL) reported capex of $231.00M in Q1 2026.
- How has PayPal Holdings, Inc.'s capex changed year-over-year?
- PayPal Holdings, Inc.'s capex increased by 17.9% year-over-year, from $196.00M to $231.00M.
- What is the long-term trend for PayPal Holdings, Inc.'s capex?
- Over 4 years (2021 to 2025), PayPal Holdings, Inc.'s capex has grown at a -1.6% compound annual growth rate (CAGR), from $908.00M to $852.00M.
- What does capex mean?
- Cash spent on buying or upgrading physical assets like equipment and facilities.