PayPal Holdings, Inc.
paypal.comWhat Do They Do?
Connects consumers and merchants through digital wallets and payment services for shopping, selling, and sending money online and in person.
10-K for FY2025, filed Feb 3, 2026At PayPal Holdings, Inc., our mission is to revolutionize commerce globally. Our products are designed to enable digital payments and…View ↗
Consumers: We provide consumers with digital wallets and other solutions that allow them to shop and pay with PayPal and Venmo—both online…View ↗
We help consumers transact securely with merchants, manage their finances, and send to and receive money from friends and family around the…View ↗
Merchants use our solutions to increase conversion rates and grow and manage their business. We employ a technology and platform agnostic…View ↗
How Do They Make Money?
PayPal mainly earns transaction fees when it processes payments for consumers and merchants; variable fees generally depend on the payment amount. Other service contracts bring subscription and other fees over their terms, alongside interest from credit and customer-balance assets.
10-K for FY2025, filed Feb 3, 2026We earn revenues primarily by charging fees for completing payment transactions for our customers and other payment-related services, which…View ↗
We earn transaction revenues primarily from fees paid by our customers to receive payments on our platform. These fees may have a fixed and…View ↗
We earn revenues from other value added services, which are comprised of revenue earned through partnerships, referral fees, subscription…View ↗
We also earn revenues from interest and fees earned on our portfolio of loans receivable, and interest earned on certain assets underlying…View ↗
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10-K for FY2025, filed Feb 3, 2026
FY2025 revenue by product or service ↗
$33.2B
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10-K for FY2025, filed Feb 3, 2026
$33.2B ↗
| Segment | Share | Revenue | How money arrives |
|---|---|---|---|
|
Transaction revenues
Usage-based
10-K for FY2025, filed Feb 3, 2026 |
90%
FY2022: 92%
|
Transaction revenues, FY2025
$29.8B Sources
|
Usage-based |
|
Revenues from other value added services
Recurring
10-K for FY2025, filed Feb 3, 2026 |
10%
FY2022: 8.4%
|
Revenues from other value added services, FY2025
$3.4B Sources
|
Recurring |
Who Are Their Customers?
Consumers use PayPal and Venmo wallets to shop and transfer money, while merchants of all sizes use branded checkout and payment processing; some accounts access the platform through third-party partners.
10-K for FY2025, filed Feb 3, 2026Consumers: We provide consumers with digital wallets and other solutions that allow them to shop and pay with PayPal and Venmo—both online…View ↗
An active account is an account registered directly with PayPal or a platform access partner that has completed a transaction on our…View ↗
Merchants use our solutions to increase conversion rates and grow and manage their business. We employ a technology and platform agnostic…View ↗
Our unbranded payments processing solutions allow merchants to quickly and easily provide digital checkout online with a variety of popular…View ↗
Do Revenues Turn Into Profits?
Yes. It kept 16 cents of every revenue dollar as net income in FY2025 and turned 17 cents into free cash flow.
10-K for FY2025, filed Feb 3, 2026
$6.1BView ↗
10-K for FY2025, filed Feb 3, 2026
$5.2BView ↗
10-K for FY2025, filed Feb 3, 2026
$5.6BView ↗
How Are They Changing?
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Jul 28, 2026
PayPal raised its full-year non-GAAP guidance
It raised guidance for transaction margin dollars and earnings per share while reaffirming its GAAP earnings-per-share guidance.
Sources
8-K, filed Jul 28, 2026
"I'm encouraged by the progress we made this quarter. We moved with urgency to sharpen our transformation plan and advance our growth…View ↗
Growing. Revenue grew 31% in 4 years, from $25.4B in FY2021 to $33.2B in FY2025, about 7% a year.
AI-agent commerce
The latest report adds shopping and payments through AI agents to the channels it describes; the older report described online, mobile, and point-of-sale checkout.
10-K for FY2022, filed Feb 10, 2023 10-K for FY2025, filed Feb 3, 2026Accelerating growth in our branded checkout business: by improving our user experience, including by reducing friction and enhancing…View ↗
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