In the latest quarter Q1'26, PayPal's Gross Margin reached 45.6%, reflecting a strong performance compared to the previous quarter's 41.4%. Operating Margin stood at 17.8%, showing modest stability, while Net Profit Margin declined to 13.3% from 16.6% in Q4'25, indicating potential pressures from non-operating expenses or taxes. Over the period from Q2'23 to Q1'26, Gross Margin exhibited an overall upward trend, rising from 39.2% to 45.6% with minor fluctuations, peaking at 42.6% in Q1'25 before a slight dip and recovery. Operating Margin remained relatively stable around 15-21%, with a notable peak of 21.5% in Q4'23 followed by volatility but averaging near 17-18% in recent quarters. Net Profit Margin showed more variability, fluctuating between 11.5% and 17.5%, with a general recovery from lows in Q1'24 but ending lower in Q1'26, suggesting inconsistent profitability amid operational efficiencies.