PayPal Holdings, Inc. is a multinational American financial technology company that operates an online payments system that supports online money transfers and serves as an electronic alternative to traditional paper methods like checks and money orders. The system is available in the majority of countries. The business charges a fee to serve as a payment processor for numerous commercial users, including auction sites, online vendors, and others.
PayPal Ownership:
The company, which began as Confinity in 1998, went public in 2002 via an initial public offering. Later that year, it became a $1.5 billion, a wholly-owned subsidiary of eBay. It regained its independence when eBay gave PayPal to its shareholders in 2015. On the 2022 Fortune 500 list of the largest corporations in the United States by revenue, the business was ranked 143rd.
Previously it was known as Confinity, and Peter Thiel was one of its founders. Later, it merged with X.com, a major rival founded by Elon Musk and responsible for other well-known businesses like Tesla and SpaceX.PayPal was born as a result of this merger. eBay acquired PayPal in 2002 for $1.5 billion. In 2015, PayPal was spun off by eBay and listed as an independent entity. Today, brands like Braintree, Venmo, Xoom, and iZettle are owned by PayPal.
As it is a publicly listed company, it holds many owners. Here is a list of top shareholders:
| Stockholder | Stake | Shares | Value |
|---|---|---|---|
| The Vanguard Group, Inc. | 7.80% | 90,170,488 | $7,760,973,902 |
| BlackRock Fund Advisors | 4.25% | 49,120,552 | $4,227,805,911 |
| SSgA Funds Management, Inc. | 3.81% | 44,099,447 | $3,795,639,403 |
| Comprehensive Financial Management | 2.75% | 31,841,618 | $2,740,608,061 |
| Geode Capital Management LLC | 1.75% | 20,260,874 | $1,743,853,425 |
Net Worth Or Revenue:
Processing customer transactions on the Payments Platform and providing other value-added services are the company’s primary sources of revenue. As a result, the revenue streams are broken down into transaction revenues and total payments revenues. as well as services with added value, such as interest and fees on loans and interest receivable. It will have processed 1.25 trillion transactions as of 2021, generated $25.4 billion in net revenues, and generated $4.3 billion in operating income.
PayPal has a net worth of $104.28 Billion.
| Company Name | PayPal |
| Type | Public |
| Total assets | $75.80 Billion |
| Net income | $4.17 Billion |
| Revenue | $25.37 Billion |
| CEO | Dan Schulman |
| Total equity | $21.73 Billion |
| Net Worth | $104.28 Billion ($0.104 trillion) |