PayPal Holdings, Inc.

PayPal Holdings, Inc. operates a global digital payments platform that simplifies commerce for consumers and merchants. As of December 31, 2025, the company connects 439 million active accounts across approximately 200 markets. For consumers, PayPal provides digital wallets and solutions like PayPal and Venmo for online and in-person shopping, managing finances (including saving and buying and selling cryptocurrencies), and sending/receiving money. Consumers can pay using various methods including bank accounts, PayPal or Venmo balances, PayPal-branded credit/debit products, other credit/debit cards, certain cryptocurrencies, or gift cards and eligible rewards. For merchants, the company offers solutions to connect with customers, increase sales, and grow businesses. These include online branded checkout solutions (PayPal and Venmo), online unbranded payments processing, PayPal buy now, pay later ("BNPL") solutions, in-person point of sale solutions, business financing, payouts capabilities, and risk tools for large enterprises and small and medium businesses. PayPal primarily earns revenue by charging fees for payment transactions and other payment-related services, typically based on the volume processed. Additional revenue sources include currency conversion, instant transfers from PayPal or Venmo accounts to bank accounts or debit cards, and facilitating cryptocurrency purchases and sales. The company generally does not charge customers to fund or withdraw from their accounts.