PayPal (PYPL)
Connects digital wallets to checkout, merchant processing, transfers, payouts, and credit.
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Provides consumer wallets, branded checkout, unbranded merchant processing, transfers, payouts, credit, and crypto services through PayPal, Venmo, and Braintree. Revenue comes mainly from transaction fees, while the two-sided network spans consumers and merchants across online and in-person commerce.
Connects consumers and merchants through PayPal and Venmo wallets, branded checkout, Braintree processing, and in-person payment tools. Xoom handles international transfers, Hyperwallet supports payouts, while PayPal Credit, buy-now-pay-later products, and Paidy extend consumer and merchant financing.
Organizes work around Checkout Solutions & PayPal, Consumer Financial Services & Venmo, and Payment Services & Crypto. Revenue comes mainly from transaction and payment-related fees, supplemented by currency conversion, instant transfers, credit, interest, partnerships, and gateway services. A two-sided network and integrated risk tools support checkout and fraud management across many markets.
Relies on banks, card networks, and other financial partners for funding, settlement, credit issuance, and payment-rail access. Operations require money-transmitter, credit-institution, and e-money licenses and compliance with payments, lending, anti-money-laundering, privacy, and consumer-protection rules across jurisdictions.
Company facts
Target rangeAs of Sep 21, 2026
Latest analyst notes
| Date | Firm | Action | Prior | Current |
|---|---|---|---|---|
| Sep 11, 2026 | Citigroup | Downgrade | ||
| Sep 11, 2026 | RBC Capital | Initiate | Rating: — | |
| Sep 11, 2026 | UBS | Downgrade | ||
| Sep 11, 2026 | Bernstein | Upgrade | ||
| Aug 31, 2026 | RBC Capital | Reiterate | Rating: —Target: $65 | Target: $70 |
EPSReportedEstimate
RevenueReportedEstimate
Balance sheet, Jun 30, 2026Cash & short-term investments $11.26B · Total debt $14.22B · Total assets $82.74B · Shareholders' equity $19.82B
- Revenue
- $8.68B
- Operating income
- $1.89B
- Net income
- $1.10B
HistoryDividendAnnual yield
| Institutions | 77.16% | 660.05M shares | |
|---|---|---|---|
| 1,508 holders · as of Jun 30, 2026 | |||
| Insiders | 0.11% | 962.4K shares | |
| 20 holders · as of Sep 16, 2026 | |||
| Other | 22.73% | 194.45M shares | |
| remainder | |||
855.46M company shares as of Sep 22, 2026 · institutions as of Jun 30, 2026 · holders as of their latest filing
Top shareholders13F · 13D/G · Form 4
| Holder | Stake | Shares | Date |
|---|---|---|---|
BlackRock, Inc.Institution | 8.76% | 74.97M | as of Jun 30, 2026 |
Vanguard Capital Management LLCInstitution | 6.27% | 53.62M | as of Jun 30, 2026 |
State Street CorpInstitution | 4.82% | 41.23M | as of Jun 30, 2026 |
Invesco Ltd.Institution | 3.91% | 33.44M | as of Jun 30, 2026 |
Geode Capital Management, LLCInstitution | 3.43% | 29.37M | as of Jun 30, 2026 |
Insider tradesForm 4
| Date | Insider | Role | Shares | Avg price |
|---|---|---|---|---|
| Sep 3, 2026 | Suzan Kereere | officer: President, Global Markets | −3,379 | $55.72 |
| Sep 3, 2026 | Chris Natali | officer: SVP, Chief Accounting Officer | −552 | $54.80 |
| Sep 3, 2026 | Frank Keller | officer: Pres., Checkout Sol. & PayPal | −4,612 | $55.43 |
| Aug 18, 2026 | Suzan Kereere | officer: President, Global Markets | −4,162 | $60.96 |
| Jul 29, 2026 | Frank Keller | officer: Pres., Checkout Sol. & PayPal | −732 | $58.10 |
- Block
Dual-sided rival: Cash App vs Venmo, Square vs Zettle, Afterpay vs Pay Later.
- Apple
Default NFC wallet on 60%+ of US iPhones; displaces the branded checkout button.
- Shopify
Shop Pay is the #1 accelerated checkout on Shopify; marginalizes PayPal there.
- Klarna
Global BNPL leader, 26% US share; battles Pay Later at Walmart and Shopify.
- Affirm
US BNPL leader; PayPal Mafia founder; contests Pay Later at Amazon and Shopify.
- Visa
Card network co-opetition; Visa Direct P2P erodes Venmo's instant transfer fees.
Compare
| Company | Price | Change | |||||
|---|---|---|---|---|---|---|---|
| PayPal | $52.87 | +0.47% | $45.01B | 9.9 | 9.5 | 1.3 | +4.8% |
| Block | $78.83 | +1.18% | $46.37B | 139.1 | 17.2 | 1.9 | +9.3% |
| Apple | $341.28 | +0.68% | $4.98T | 38.8 | 36.7 | 10.7 | +16.4% |
| Shopify | $148.93 | +7.98% | $178.97B | 92.6 | 71.6 | 13.5 | +32.0% |
| Klarna | $13.70 | +0.15% | $5.16B | — | 104.7 | 1.3 | +26.6% |
| Affirm | $71.84 | +1.10% | $23.79B | 12.9 | 37.6 | 5.7 | +33.0% |
| Visa | $368.86 | −0.29% | $690.71B | 31.5 | 25.5 | 15.5 | +14.4% |
| Median | 38.8 | 37.2 | 8.2 | +21.5% |