PayPal

PayPal Holdings, Inc. (Nasdaq: PYPL) is a leading digital payments company that operates a technology platform enabling online and mobile payments on behalf of consumers and merchants worldwide. Founded in 1998 and headquartered in San Jose, California, PayPal was spun off from eBay in 2015 and has since grown to become one of the largest fintech companies globally.

PayPal's main products and services include its digital wallet for consumers, payment processing solutions for merchants, peer-to-peer payment app Venmo, and buy now, pay later offerings. The company's platform allows users to send and receive money, make online purchases, and transfer funds using various funding sources such as bank accounts, PayPal balances, credit/debit cards and cryptocurrencies. For merchants, PayPal provides tools to accept payments, manage transactions, and access financing. Key subsidiaries and brands under PayPal include Venmo, Braintree, Xoom, Honey, and Zettle.

In 2023, PayPal processed USD 1.52 trillion in total payment volume across 25 billion transactions. The company reported annual revenue of USD 29.8 billion and net income of USD 4.2 billion for 2023. As of the end of 2023, PayPal had 426 million active accounts globally, including approximately 35 million merchant accounts. The company continues to focus on expanding its product offerings, growing its user base, and driving engagement across its ecosystem of payment and financial services.