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 Headquarters in San Jose, California | |
| Company type | Public |
|---|---|
| |
| Industry | Financial technology |
| Predecessors | |
| Founded | |
| Founders |
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| Headquarters | San Jose, California, U.S. |
Area served | Almost worldwide |
Key people |
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| Products | Credit cards, payment systems |
| Revenue |  US$29.77 billion (2023) |
| US$5.028 billion (2023) | |
| 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 | |
| Subsidiaries | |
| Website | paypal |
| Footnotes / references [3] | |
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]
- ^ "Executive Leadership". PayPal. Archived from the original on September 27, 2023. Retrieved September 27, 2023.
- ^ a b c d "EX-10.5". www.sec.gov. Archived from the original on April 16, 2020. Retrieved June 16, 2018.
- ^ "PayPal Holdings, Inc. 2023 Annual Report (Form 10-K)". U.S. Securities and Exchange Commission. February 8, 2024. Retrieved February 11, 2024.
- ^ 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.
- ^ 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.
- ^ 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.
- ^ "Fortune 500 Companies 2021". fortune.com. Archived from the original on March 10, 2022. Retrieved June 23, 2022.
- ^ PayPal (June 29, 2023). "MACH Alliance Announces PayPal is the First Company to Join New Supporter Membership Category". PayPal. Retrieved January 9, 2024.