How has PayPal's gross profit margin trended over the past two years?

PayPal's gross profit margin has shown a general upward trend over the past two years, with some fluctuations. Here's a summary of the key points:

1. **Trend**: The gross margin for PayPal has been increasing from 39.45% on December 31, 2023, to 40.54% on December 31, 2024.
2. **Fluctuations**: There were minor variations along the way, such as a slight dip to 39.59% on June 30, 2024, and a slight increase to 40.16% on September 30, 2024.
3. **Stability**: The margin has remained relatively stable since the previous quarter's 40.14% on June 30, 2024, indicating a period of equilibrium in PayPal's gross profit margin.

|code|Ticker|Name|Date|Gross Profit Margin|Gross Profit Margin YoY|market_code|
|---|---|---|---|---|---|---|
|PYPL|PYPL.O|Paypal Holdings|2023 Q1|40.1563|-5.7788508465668|185|
|PYPL|PYPL.O|Paypal Holdings|2023 Q2|39.6664|-4.8678413568655055|185|
|PYPL|PYPL.O|Paypal Holdings|2023 Q3|39.4481|-6.806632757924196|185|
|PYPL|PYPL.O|Paypal Holdings|2023 Q4|39.5855|-6.52068160994455|185|
|PYPL|PYPL.O|Paypal Holdings|2024 Q1|39.057|-2.7375530116071434|185|
|PYPL|PYPL.O|Paypal Holdings|2024 Q2|39.6496|-0.04235322590404846|185|
|PYPL|PYPL.O|Paypal Holdings|2024 Q3|40.1434|1.7625690464179598|185|
|PYPL|PYPL.O|Paypal Holdings|2024 Q4|40.5384|2.4071945535612778|185|