PayPal
One sentence overview: PayPal Holdings, Inc. operates a worldwide online payments system that supports online money transfers and serves as an electronic alternative to traditional paper methods like checks and money orders.
Paypal Ticker PYPL
6/8/2020 Stock Price 123.00
6/8/2020 Market Cap 144.27B
Total Shares Outstanding Recent Quarterly Report 1,172,955,485
| Jan 2020 | March Low | Apr 30 | 6/8/2020 | YTD % | |
| Paypal | $110 | $85 | $123 | $156 | 42% |
| S&P 500 | 3231 | 2237 | 2912 | 3232 | 0% |
Paypal Investor Relations Page
https://investor.paypal-corp.com/investor-relations
Paypal SEC Page
https://www.sec.gov/cgi-bin/browse-edgar?CIK=pypl&owner=…
Paypal Glassdoor Ratings
https://www.glassdoor.com/Reviews/PayPal-Reviews-E9848.htm
Paypal Overview
PayPal Holdings, Inc. operates a worldwide online payments system that supports online money transfers and serves as an electronic alternative to traditional paper methods like checks and money orders. Paypal operates as a payment processor for online vendors, auction sites, and many other commercial users, for which it charges a fee in exchange for benefits such as one-click transactions and password memory.
Established in 1998 as Confinity, PayPal had its initial public offering in 2002, and became a wholly owned subsidiary of eBay later that year. eBay spun off PayPal in 2015.
Paypal’s IPO listed under the ticker PYPL at $13 per share and generated over $61 million.
Shortly after PayPal’s IPO, the Paypal was acquired by eBay on October 3, 2002, for $1.5 billion. More than 70 percent of all eBay auctions accepted PayPal payments, and roughly 1 in 4 closed auction listings were transacted via PayPal. PayPal became the default payment method used by the majority of eBay users.
In 2005, PayPal acquired the VeriSign payment solution to provide added security support. In 2007, PayPal announced a partnership with MasterCard, which led to the development and launch of the PayPal Secure Card service, a software that allows customers to make payments on websites that do not accept PayPal directly. By the end of 2007, the Paypal generated $1.8 billion in revenue.
In January 2008, PayPal acquired Fraud Sciences, a privately held Israeli start-up that developed online risk tools, for $169 million. In November 2008, the Paypal acquired Bill Me Later, an online transactional credit Paypal.
By 2010, PayPal had over 100 million active user accounts in 190 markets through 25 different currencies
It was announced on September 30, 2014, that eBay would spin off PayPal into a separate publicly traded Paypal, a move demanded in 2013 by activist hedge fund magnate Carl Icahn. The spin-off was completed on July 18, 2015.
As of 2020, PayPal operates in 202 markets and has 305 million active, registered accounts. PayPal allows customers to send, receive, and hold funds in 25 currencies worldwide.
Products
Business and Financial Drivers
Competition
- Google Pay
- WePay
- 2CheckOut
- Authorize.Net
- Skrill
- Intuit
- ProPay
- Dwolla
- Braintree
- Stripe
Future Outlook
With the war-on-cash likely to continue, PayPal’s recent moves have been strengthen its position. PayPal inked a global partnership with China’s UnionPay, one of the largest card issuers in China with over 7.5 billion cards in their network. PayPal also purchased a 70% stake in China-based online payments company GoPay. In Latin America, PayPal invested $750 million in MercadoLibre (NASDAQ:MELI), an Argentina-based company that operates online marketplaces dedicated to e-commerce and online auctions.
Disclaimer: I do not have any formal recommendation for or against this stock, so don’t buy or sell stocks based solely on what you read.
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