Research and development expenses of payment provider PayPal declined in 2023, the first year this occurred. In the last reported year, PayPal spent over 1.6 billion U.S. dollars on R&D, a decrease of approximately 100 million U.S. dollars compared to the year before. The company does not provide a specific reason for the decline, although it may be attributed to the general economic environment of 2023 and PayPal increasingly looking to up its profitability.
Value of research and development (R&D) expenses of PayPal from 2014 to 2023
Characteristic
Research and development costs (in million U.S. dollars)
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U.S. Securities and Exchange Commission, & Statista. (February 8, 2024). Value of research and development (R&D) expenses of PayPal from 2014 to 2023 [Graph]. In Statista. Retrieved October 30, 2024, from https://www.statista.com/statistics/871551/paypal-rd-costs/
U.S. Securities and Exchange Commission, und Statista. "Value of research and development (R&D) expenses of PayPal from 2014 to 2023." Chart. February 8, 2024. Statista. Accessed October 30, 2024. https://www.statista.com/statistics/871551/paypal-rd-costs/
U.S. Securities and Exchange Commission, Statista. (2024). Value of research and development (R&D) expenses of PayPal from 2014 to 2023. Statista. Statista Inc.. Accessed: October 30, 2024. https://www.statista.com/statistics/871551/paypal-rd-costs/
U.S. Securities and Exchange Commission, and Statista. "Value of Research and Development (R&d) Expenses of Paypal from 2014 to 2023." Statista, Statista Inc., 8 Feb 2024, https://www.statista.com/statistics/871551/paypal-rd-costs/
U.S. Securities and Exchange Commission & Statista, Value of research and development (R&D) expenses of PayPal from 2014 to 2023 Statista, https://www.statista.com/statistics/871551/paypal-rd-costs/ (last visited October 30, 2024)
Value of research and development (R&D) expenses of PayPal from 2014 to 2023 [Graph], U.S. Securities and Exchange Commission, & Statista, February 8, 2024. [Online]. Available: https://www.statista.com/statistics/871551/paypal-rd-costs/
