PayPal

PayPal Holdings, Inc.
Company typePublic
IndustryFinancial technology
Predecessors
Founded
  • December 1998 (1998-12) (as Confinity)
  • October 1999 (1999-10) (as X.com)
  • March 2000 (2000-03) (as PayPal)
Founders
HeadquartersSan Jose, California, U.S.
Area served
Almost worldwide
Key people
ProductsCredit cards, payment systems
RevenueIncrease US$29.77 billion (2023)
Increase US$5.028 billion (2023)
Increase US$4.246 billion (2023)
Total assetsIncrease US$82.17 billion (2023)
Total equityIncrease US$21.05 billion (2023)
Number of employees
27,200 (2023)
Divisions
  • PayPal Inc. (PPI)[2]
  • PayPal Pte. Ltd (3PL)[2]
  • PayPal Payments Pte. Holdings (PPLUX)[2]
  • PayPal Payments Pte Limited (4PL)
Subsidiaries
Websitepaypal.com
Footnotes / references
[3]
eBay, PayPal, Kijiji and StubHub, 500 King Street West, Toronto, April 2014

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,[4] PayPal went public through an IPO in 2002. It became a wholly owned subsidiary of eBay later that year, valued at $1.5 billion.[5] In 2015 eBay spun off PayPal to its shareholders, and PayPal became an independent company again.[2][6] The company was ranked 143rd on the 2022 Fortune 500 of the largest United States corporations by revenue.[7] Since 2023 PayPal is a member of the MACH Alliance.[8]

  1. ^ "PayPal Leadership". Retrieved September 27, 2023.
  2. ^ a b c d "EX-10.5". www.sec.gov. Archived from the original on April 16, 2020. Retrieved June 16, 2018.
  3. ^ "PayPal Holdings, Inc. 2023 Annual Report (Form 10-K)". U.S. Securities and Exchange Commission. February 8, 2024. Retrieved February 11, 2024.
  4. ^ Mac, Ryan (May 1, 2012). "Reid Hoffman And Peter Thiel In Conversation: Finding The Best Candidates For The Job". Forbes. Archived from the original on March 1, 2018. Retrieved February 28, 2018.
  5. ^ Richtel, Matt (July 9, 2002). "EBay to Buy PayPal, a Rival in Online Payments". The New York Times. Archived from the original on December 28, 2014. Retrieved November 23, 2014.
  6. ^ Seetharaman, Deepa; Mukherjee, Supantha (September 30, 2014). "EBay follows Icahn's advice, plans PayPal spinoff in 2015". Reuters. Archived from the original on November 20, 2021. Retrieved April 16, 2021.
  7. ^ "Fortune 500 Companies 2021". fortune.com. Archived from the original on March 10, 2022. Retrieved June 23, 2022.
  8. ^ PayPal (June 29, 2023). "MACH Alliance Announces PayPal is the First Company to Join New Supporter Membership Category". PayPal. Retrieved January 9, 2024.

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