PayPal
San Jose-based payments company behind PayPal and Venmo, serving about 200 markets. Enrique Lores became chief executive in March 2026; fiscal 2025 net revenues were USD 33.2 billion.
Industry: Online payments | Location: San Jose, United States | Founded: 1998
About PayPal
PayPal Holdings is a publicly listed payments company headquartered in San Jose, California. It operates a global online payments platform used by consumers and merchants, with brands that include PayPal and Venmo. It competes with Stripe and, in the Gulf, with regional providers such as Tap Payments, HyperPay and Geidea, while also serving merchants in the UAE and Saudi Arabia. In its annual report for 2025, PayPal disclosed net revenue of USD 33.2 billion, up 4 per cent on the prior year, and GAAP operating income of USD 6.1 billion, up 14 per cent. It ended the year with 439 million active accounts, up 1 per cent, and processed USD 1.79 trillion in total payment volume, a rise of 7 per cent, across 25.4 billion payment transactions, a decline of 4 per cent. Leadership changed in 2026. On 3 February the board announced that Enrique Lores, previously chief executive of HP Inc. and PayPal's board chair since July 2024, would become president and chief executive from 1 March, succeeding Alex Chriss. David W. Dorman was named independent board chair, and Jamie Miller served as interim chief executive in the transition. In late April 2026 the company reorganised into three units: Checkout Solutions and PayPal, Consumer Financial Services and Venmo, and Payment Services and Crypto. Several of the unit leads were appointed on an interim basis. Press reports said the company plans to cut about 20 per cent of its workforce over three years, around 4,760 roles, in a programme aimed at removing management layers and expanding the use of AI; that figure has not been confirmed in a PayPal filing. In July 2026 Reuters reported, citing people familiar with the matter, that Stripe and the private equity firm Advent International had jointly proposed to buy PayPal for USD 60.50 a share, valuing it at more than USD 53 billion. The offer was reported to carry a premium of about 28 per cent to the previous close and to be backed by roughly USD 50 billion of committed bank financing. Under the proposal the two bidders would hold equal stakes and keep the company intact. The reports said the group had made an earlier approach in April. PayPal's shares rose by nearly 17 per cent on the news, and the companies declined to comment. No agreement had been announced in the reports reviewed. PayPal's own issue of a stablecoin, PYUSD, and the crypto services grouped in its new payment services unit are relevant to digital asset rules in the UAE, where regulators have been building a licensing framework for virtual assets.
Leadership
- Enrique Lores, Chief executive
- David W. Dorman, Independent Board Chair
- Jamie Miller, Chief Financial Officer and Chief Operating Officer
- Frank Keller, President, PayPal Branded Business