PayPal Holdings, Inc.
name
PayPal Holdings, Inc.
id
PYPL
summary
PayPal Holdings, Inc. is an American multinational financial technology company operating an online payments system in the majority of countries that support online money transfers; it serves as an electronic alternative to traditional paper methods such as checks and money orders. The company operates as a payment processor for online vendors, auction sites, and many other commercial users, for which it charges a fee. Established in 1998 as Confinity, PayPal went public through an IPO in 2002. It became a wholly owned subsidiary of eBay later that year, valued at $1.5 billion. In 2015 eBay spun off PayPal to its shareholders, and PayPal became an independent company again. The company was ranked 143rd on the 2022 Fortune 500 of the largest United States corporations by revenue. Since 2023 PayPal is a member of the MACH Alliance.
industry
Financial technology
founded
December 1998
founders
Ken Howery, Max Levchin, Luke Nosek, Yu Pan, Peter Thiel, Elon Musk, Harris Fricker, Christopher Payne, Ed Ho
headquarters
San Jose, California, U.S.
area_served
Almost worldwide
key_people
John Donahoe (Chairman), Alex Chriss (President and CEO)
products
Credit cards, payment systems
revenue
US$29.77 billion (2023)
operating_income
US$5.028 billion (2023)
net_income
US$4.246 billion (2023)
total_assets
US$82.17 billion (2023)
total_equity
US$21.05 billion (2023)
number_of_employees
27,200 (2023)
divisions
PayPal Inc. (PPI), PayPal Pte. Ltd (3PL), PayPal Payments Pte. Holdings (PPLUX), PayPal Payments Pte Limited (4PL)
subsidiaries
Braintree, PayPal Honey, Paydiant, PayPal Credit, Tradera, Venmo, Xoom Corporation, Zettle
website
paypal.com