PayPal is a global electronic payment service company. Its platform allows consumers and businesses to send and receive payments online. Additionally, it provides services such as mobile payments, one-click transactions, and payment processing for merchants.
About PayPal Holdings Inc (PYPL)
PayPal, a name perhaps already familiar to you. Founded in December 1998 by Max Levchin, Peter Thiel, and other tech pioneers, PayPal initially concentrated on security solutions for handheld devices before transitioning to electronic payment services. Over time, this company has grown into one of the world’s largest payment platforms.
Now headquartered in San Jose, California, PayPal operates in more than 200 countries. Moving far from its early days as a security software, PayPal has evolved into a platform that enables consumers and merchants to send and receive payments in various currencies globally. With over 300 million active users by the end of 2019, PayPal’s global presence is undeniable.
From the beginning, PayPal has always been ahead of the competition. Its partnership with eBay in 2002 solidified its market-leading position. As time has gone by, the company continuously showcases adaptability and innovation through acquisitions and product launches that cater to the ever-changing market needs.
Mission Vision of PayPal Holdings Inc (PYPL)
With a mission to “democratize financial services,” PayPal aspires to empower individuals and businesses with access to affordable and secure financial services. They believe that by enhancing access to financial services, individuals can participate in the global economy and create opportunities for both personal and collective advancement.
PayPal’s vision is clear: “Eliminate global financial barriers.” In this digital age, many individuals and businesses still feel marginalized by traditional financial systems. Through its user-friendly platform and widespread accessibility, PayPal aims to bridge this gap and ensure everyone has an equal opportunity to succeed.
Along with its vision and mission, the company’s core values include collaboration, innovation, engagement, and inclusivity. Through dedication and commitment to these values, PayPal has successfully transformed the way the world transacts.
Key Figures Behind PayPal Holdings Inc (PYPL)
Behind a company’s success, there are always individuals who provide extraordinary dedication and vision. In PayPal’s history, there are several unforgettable names:
1. Elon Musk
Before becoming a household name with SpaceX and Tesla, Elon Musk was one of the founding members of X.com, a company that later became PayPal after merging. Although Musk stepped down from operational roles post-merger, his contributions as a founder and early leader played a crucial role in shaping the company’s initial vision and direction.
2. Peter Thiel
As one of the early founders and PayPal’s first CEO, Peter Thiel has been a pivotal figure in the company’s initial success. With a strong background in finance and technology, Thiel drove innovation and growth during the company’s formative years. After PayPal’s sale to eBay, Thiel went on to establish several other tech companies and became one of Silicon Valley’s most influential investors.
3. Max Levchin
As the Chief Technology Officer, Levchin was the brains behind many of PayPal’s early technological innovations. With a background in computer science, Levchin played a vital role in ensuring the PayPal platform was secure and reliable. Post-PayPal, Levchin continued to make significant contributions to the tech world by founding and leading several other successful startups.
Fluctuations in PayPal Holdings Inc (PYPL) Stock Prices
From its initial public offering (IPO) in 2002 to its separation from eBay in 2015, PayPal’s stock price has seen many ups and downs.
In February 2002, PayPal conducted its IPO, with its shares trading at $13 each. Just a few months later, eBay announced its acquisition of PayPal in a deal worth $1.5 billion, causing its stock price to surge.
The separation from eBay in 2015 was another turning point in PayPal’s stock price history. Before the split, many analysts predicted that PayPal might face challenges as an independent entity.
However, with strong growth strategies and smart acquisitions, PayPal proved these doubts wrong. The company’s stock shot up from around $40 at the time of the split to over $100 in just a few years.
Yet, like many other tech companies, PayPal is not immune to market volatility. Especially during periods of global economic uncertainty, PayPal’s stock price fluctuated. Nonetheless, with a strong business foundation and experienced management, PayPal remains a leader in the digital payment industry.
History and Developments of PayPal Holdings Inc (PYPL)
Starting its journey in the late 1990s, PayPal was initially known as Confinity. Founded by Max Levchin, Peter Thiel, Luke Nosek, and Ken Howery, Confinity initially focused on security software for handheld devices. However, they soon recognized the potential in digital payment solutions and began developing a service that allowed users to send money via PDAs.
In 2000, Confinity merged with X.com, an online financial service company founded by Elon Musk. However, after some strategic disagreements and internal competition, Musk left the company, and Peter Thiel took over as CEO. Within a year, X.com decided to shift its focus entirely to payment services and changed its name to PayPal.
A defining moment for PayPal came in 2002 when the company went public. Amidst post-dotcom bubble uncertainties, PayPal managed to raise $70 million, with its stock price soaring nearly 55% on its first trading day. A few months post-IPO, eBay, its biggest rival at that time, acquired PayPal in a deal valued at $1.5 billion in stock.
As part of eBay for over a decade, PayPal grew rapidly, surpassing eBay’s core business in terms of revenue. However, to maximize its growth potential, in 2015, eBay and PayPal decided to operate as two separate business entities.
After its separation from eBay, PayPal wasted no time expanding its footprint. Through a series of smart acquisitions, like purchasing Braintree (which owned Venmo) in 2013 and iZettle in 2018, PayPal solidified its position in mobile and offline payments.
To this day, with continually evolving technology and consumers increasingly adopting digital payments, PayPal keeps innovating and seeking new ways to meet its users’ needs, ensuring the company remains relevant and dominant in the ever-changing digital era.
Key Metric
| Founded | Dec 1998 |
| Headquarters | San Jose, California, United States |
| Website | https://www.paypal.com/ |
| Number of employees | 29,900 |
Financial Summary
| Item | 2022 | 2021 | 2020 | 2019 |
|---|---|---|---|---|
| Total Revenue | 27,52 M | 25,37 M | 21,45 M | 17,77 M |
| Cost of Revenue | 13,75 M | 11,38 M | 9,68 M | 8,17 M |
| Gross Profit | 13,77 M | 14,00 M | 11,78 M | 9,60 M |
| Operating Income | 4,04 M | 4,32 M | 3,43 M | 2,79 M |
| Operating Expense | 9,73 M | 9,67 M | 8,35 M | 6,81 M |
| Net Income | 2,42 M | 4,17 M | 4,20 M | 2,46 M |
| Item | 2022 | 2021 | 2020 | 2019 |
|---|---|---|---|---|
| Total Assets | 78,72 M | 75,80 M | 80,38 M | 51,33 M |
| Total Liabilities | 58,44 M | 54,08 M | 50,32 M | 34,40 M |
| Total Equity | 20,27 M | 21,73 M | 20,06 M | 16,93 M |
| Item | 2022 | 2021 | 2020 | 2019 |
|---|---|---|---|---|
| Operating Cash Flow | 5,81 M | 6,34 M | 5,85 M | 4,56 M |
| Investing Cash Flow | -3,42 M | -5,49 M | -16,22 M | -5,73 M |
| Financing Cash Flow | -1,11 M | -764 Jt | 12,49 M | 3,69 M |
| End Cash Position | 19,16 M | 18,03 M | 18,04 M | 15,74 M |
in USD (Jt = million, M = billion, T = trilion)
Executives
| Daniel H. Schulman | Pres, CEO & Director |
| Gabrielle Rabinovitch J.D. | Principal Accounting Officer, Sr. VP of Investor Relations & Treasurer and Acting CFO |
| Peggy M. Alford | Exec. VP of Global Sales & Merchant Services |
| Jonathan Saul Auerbach | Exec. VP and Chief Strategy, Growth & Data Officer |
| Aaron Karczmer | Exec. VP & Chief Enterprise Services Officer |
| Blake J. Jorgensen | Sr. Advisor |
| Sripada Shivananda | Exec. VP & CTO |
| Archana Deskus | Exec. VP & Chief Information Officer |
| Bimal Patel | Sr. VP & Gen. Counsel |
How to Buy PayPal Holdings Inc (PYPL) Stocks
Interested in buying shares of this tech company? You can buy PayPal Holdings Inc (PYPL) shares with simple steps:
- Install Nanovest app on the App Store or Play Store.
- Register according to the instructions.
- Verify your identity for security and convenience when buying stocks through the KYC feature which you can do in just 1 minute.
- Top Up your balance to your Nanovest account.
- Go to the stock menu, search and select PayPal Holdings Inc (PYPL).
- Click the Buy button and confirm the purchase with your desired amount. You can start with only IDR 5,000.
Before investing in the stocks you want, do some research and analysis first. You can do this by checking company profile, industry conditions, company financial reports, and analyzing previous stock price movements. This analysis is important so that you can develop an accurate investment strategy and minimize losses.
Is it Safe to Buy PayPal Holdings Inc (PYPL) Stocks on Nanovest?
Of course. Nanovest is supported by a number of professional partners who have a good reputation in providing their services. One of them is supported by S-Quantum Engine technology by Sinarmas Financial Services.
For global and US stocks, Nanovest partners with brokers registered with the United Stated Financial Industry Regulatory Authority (FINRA) – which insures brokerage accounts held by Nanovest users up to U$S 500k by the United States Securities Investor Protection Corporation (SIPC).
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