PayPal
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.
Headquarters in San Jose, California, U.S. | |
| Company type | Public |
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| Industry | Financial technology |
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| Headquarters | San Jose, California, U.S. |
Area served | Almost worldwide |
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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) |
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| Subsidiaries | |
| Website | paypal |
| Footnotes / references | |
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.