PayPal Revenue and Growth Statistics (2024)

Key Paypal user stats. Includes data on Paypal's revenue, profit, acquisitions, investments, number of employees, and more.
PayPal Revenue and Growth Statistics (2024)
Last updated on:
December 29, 2023
Want more research posts like these for FREE?
Want more insights like these for FREE?

PayPal Interesting Key Facts

  • PayPal was first established as Confinity in 1998 by Max Levchin, Peter Thiel, and Luke Nosek. It was a company that developed security software for hand held devices. Failing with that venture, the founders decided to switched into digital wallet.
  • Confinity converged with, an online financial services company wherein Elon Musk was a cofounder of. Thus, PayPal was born.
  • Elon Musk was optimistic about Confinity’s potential to be a successful electronic payment system. He then proceeded to terminate all of’s internet banking operations and focus on PayPal.
  • In 2002, PayPal was acquired by eBay for $1.5 billion in stock of which Elon Musk was the largest shareholder with 11.72% of shares and received $175.8 million.
  • Elon Musk used the PayPal money to build SpaceX.
  • After eBay bought PayPal. A group was formed by former PayPal employees and founders - The PayPal Mafia.
  • Members of this group would then create and develop other technologies and companies such as Tesla Inc, Linkedin, Affirm, Palantil Technologies, YouTube, Kiva, Slide, SpaceX, Square, Yammer and Yelp.
  • The members of the PayPal Mafia are considered by many as the main people who put Silicon Valley in the map to be one of the greatest technology hubs in the world.
  • PayPal was ranked 8th as America’s best employers in 2021.
  • PayPal is the most popular online payment system used in the United States.

Sources: Forbes, Tech Republic, eCommerceDB, WSJ, The Founders: The Story of Paypal and the Entrepreneurs Who Shaped Silicon Valley

PayPal: Company Overview (About)

PayPal, the first name that comes in mind when talking about payment processors! Also an amazing company at whose stats we're going to check out now.

Snatch look:

Key statKey info
FoundedDecember 1998 as Confinity
 October 1999 as
 March 2000 as PayPal
Founders:Max Levchin, Peter Thiel, Luke Nosek, Ken Howery, Yu Pan
Key PeopleJohn Donahoe (Chairman), Dan Schulman (President and CEO)
Business typePublic
Traded asNasdaq: PYPL, NASDAQ-100 component, SandP 100 component, SandP 500 component
IndustryFinancial Technology
HeadquartersSan Jose, California, U.S. (corporate headquarters) La Vista, Nebraska, U.S. (operative center)
Area ServedWorldwide
ProductsCredit Cards, Payment Systems
RevenueUS$25.37 billion
Operating Income$4.26 billion
Net IncomeUS$4.17 billion
Total Assets$75.80 billion
Total Equity$21.73 billion
DivisionsPayPal Inc (PPI), PayPal Pte. Ltd (3PL), PayPal Payments Pte., Holdings (PPLUX), PayPal Payments Pte, Limited (4PL)
SubsidiariesBraintree, Paydiant, Honey, Venmo, PayPal Credit, Xoom Corporation, Zettle, Tradera
Number of employees30,900

We guarantee that you'll learn lots of new stuff about PayPal in this post.

How much of this did you already know about PayPal?

Sources: SEC, PayPal, Google Finance

What is Paypal’s revenue?

Paypal has a revenue of $27.52 billion in 2022. The table shows us a more detailed look.

Graph about Paypal's revenue
YearRevenueY/Y Change
2007$1.80 billion
2008$2.40 billion33.33% increase
2009$2.80 billion16.67% increase
2010$3.51 billion25.36% increase
2011$4.50 billion28.20% increase
2012$5.66 billion33.11% increase
2013$6.73 billion12.35% increase
2014$8.03 billion19.32% increase
2015$9.25 billion15.19% increase
2016$10.84 billion17.19% increase
2017$13.09 billion20.77% increase
2018$15.45 billion18.00% increase
2019$17.77 billion15.02% increase
2020$21.45 billion20.72% increase
2021$25.37 billion18.26% increase

Source: Google Finance, Statista, Electronic Payment, News Wire

PayPal Operating Expenses

PayPal had operating expenses of $5.73 billion in 2022.

YearOperating ExpenseY/Y Change
2017$4.20 billion18.20% increase
2018$4.97 billion18.28% increase
2019$5.19 billion4.43% increase
2020$6.57 billion26.65% increase
2021$7.61 billion15.72% increase

Source: Google Finance, Paypal

PayPal Profit

Paypal earned a profit of $2.42 billion in 2022, a decrease of around 41.97% in year-over-year growth. The table shows us a more detailed look.

Graph about Paypal's profit
YearProfitY/Y Change
2011$460 million
2012$778 million69.13% increase
2013$955 million22.75% increase
2014$419 million-56.13% decrease
2015$1.23 billion193.56% increase
2016$1.40 billion13.82% increase
2017$1.80 billion28.12% increase
2018$2.06 billion14.60% increase
2019$2.46 billion19.54% increase
2020$4.20 billion70.88% increase
2021$4.17 billion-0.79% decrease
2022$2.42 billion-41.97% decrease

Source: Paypal

What is PayPal’s market cap?

Paypal has a market capitalization of $92.11 billion in 2023, an increase of 13.45% compared to $81.19 billion in 2022.

Grapha about PayPal’s market cap
YearMarket CapY/Y Change
2015$44.30 billion
2016$47.62 billion7.49% increase
2017$88.48 billion85.80% increase
2018$98.72 billion11.57% increase
2019$126.88 billion28.53% increase
2020$274.41 billion116.28% increase
2021$220.26 billion-19.73% decrease
2022$81.19 billion-63.14% decrease
2023$92.11 billion13.45% increase

Source: Companies Market Cap

PayPal Acquisitions

PayPal has 26 acquisitions throughout the years from 2008 until their latest acquisition last September 2021.

Acquisition DateCompanyPrice
Jan 28, 2008Fraud Sciences$169 million
Oct 6, 2008Bill Me Later$945 million
Apr 20,$135 million
Apr 28, 2011FigCard
Oct 15, 2011Zong$240 million
Jul 17,
Apr 11, 2013IronPearl
Sep 26, 2013Braintee$800 million
Sep 26, 2013Venmo$26.2 million
Dec 17, 2013StackMob
Mar 2, 2015Paydiant$280 million
Mar 5, 2015CyActive$60 million
Jul 2, 2015Xoom Corporation$890 million
Aug 19, 2015Modest Inc
Feb 14, 2017TIO Networks$233 million
Aug 10, 2017Swift Financial
May 17, 2018Jetlore
May 29, 2018iZettle$2.2 billion
June 19, 2018Hyperwallet$400 million
June 22, 2018Simility$120 million
Sept 30, 2019GoPayundisclosed (70% stake)
Nov 20, 2019Honey$4 billion
Mar 8, 2021Curv
May 7, 2021Chargehound
May 13, 2021Happy Returns
Sep 8, 2021Paidy$2.7 billion

PayPal is one huge company, so it's pretty expectable for it to have acquired lots of companies. As you can see, 26 acquired companies can make a long list.

But as payment processing is a large domain, and since PayPal was started in 1999, you would expect a lot of acquisitions from a company at PayPal's level.

Sources: Reuters 1, Reuters 2, Finovative, WSJ, The Verge, Forbes 1, Forbes 2, Techcrunch 1, Techcrunch 2, Techcrunch 3, Techcrunch 4, Techcrunch 5, Techcrunch 6, Techcrunch 7, Techcrunch 8, NewsCenter, Yahoo Finance, BBC, Market Watch, Paypal 1, Paypal 2, Paypal 3, Venture Beat, Chargehound

PayPal Investments

PayPal had made 29 investments so far. Out of those 29, they are the lead investors of 9 investments.

Below are the latest investments that Paypal has made over the years.

Announced DateOrganization NameLead InvestorFunding RoundMoney Raised
Nov 8, 2022FordefiSeed Round - Fordefi$18 million
Aug 4, 2022MetaYesPost-IPO Debt - Meta$10 billion
Mar 13, 2022Lava NetworkSeed Round - Lava Network
Feb 8, 2022ShopwareYesVenture Round -Shopware$100 million
Jul 1, 2021CHER®Seed Round - CHER®$130,000
Dec 7, 2020Home Lending PalGrant - Home Lending Pal$45,000
Nov 18, 2020HeydaySeries A - Heyday$175 million
Oct 29, 2020Fellow PayYesPre Seed Round - Fellow Pay$45,000
Jul 25, 2020PiPiT GlobalYesGrant - PiPiT Global
Jul 23, 2020Quipu MarketGrant - Quipu Market$15,000

The table above shows which organization is a lead investor, as well as those who are not.

Have a look at that interesting Meta investment in 2022, with $10 billion being raised at PayPal. It's also quite recent!

Source: Crunchbase

PayPal Funding History

PayPal has 5 funding rounds throughout the years. The total funding amount was $216 million with the last funding happened in 2001.

Announced DateTransaction NameNumber of InvestorsMoney RaisedLead Investors
Feb 16, 2001Series D - PayPal5$90 million
Apr 5, 2000Series C - PayPal16$100 millionMadison Dearborn Partners
Jan 20, 2000Series B - PayPal2$23 millionClearstone Venture Partners, Goldman Sachs
Jul 1, 1999Series A - PayPal1$3 millionBlueRun Ventures
Jul 1, 1999Seed Round - PayPal4

The table above shows you the necessary information to be known about PayPal's five fundings.

As PayPal became so successful, you can observe how the last funding took place in 2001. Definitely a long time ago.

Source: Crunchbase

How many people work at PayPalPaypal has 29,900 employees across 27 countries around the world.

Also, PayPal announced that they were going to lay off 2,000 employees so we would be expecting this number to drop down this year.

Graph about number of employees at Paypal
YearNumber of Employees

Sources: Statista, Linkedin, Forbes 1, Forbes 2, Reuters, CNBC

How Many Active Users Does PayPal Have?

There are 430 million people actively using PayPal in 2022.

Grapha about number of Paypal active users
YearNumber of Active Users
200223 million
200340 million
200464 million
200596 million
200686 million
200760 million
200870 million
200981 million
2010100 million
2011106 million
2012117 million
2013143 million
2014157 million
2015179 million
2016199 million
2017229 million
2018267 million
2019305 million
2020377 million
2021426 million
2022430 million

Source: GlobalData, eBay, Paypal, Reuters

PayPal active users gender distribution

In 2023, it's estimated that 61.9% of PayPal's users are males, and 38.1% of the users to be females.

Graph about PayPal active users gender distribution

Note: These numbers are estimation from Similarweb and unofficial.


Source: Similarweb

PayPal active users age distribution

PayPal's most popular user age group is the 25-34 group, with almost 28% of the total users. Then, there's the 18-24 age group, covering 21.09% of the total users.

Graph about PayPal active users age distribution

Note: These numbers are estimation from Similarweb and unofficial.

The 35-44 age group is not that far away from the second most popular one, as it covers 19.56% of PayPal's users.

Age BracketPercentage

For a better view and understanding, this table shows you the precise numbers for each age bracket of people that are on PayPal.

Source: Similarweb

What is the Total Payment Volume of PayPal?

PayPal processed a total payment volume of $1.36 trillion in 2022, a growth of 8.80% year-over-year compared to the processed total payment volume of $1.25 trillion in 2021.

Graph about the Total Payment Volume of PayPal
YearTotal Payment VolumeY/Y Change
2003$12.2 billion
2004$18.9 billion54.92% increase
2005$27.0 billion42.86% increase
2006$37.8 billion40.00% increase
2007$47.50 billion25.66% increase
2008$60.0 billion26.32% increase
2009$71.0 billion18.33% increase
2010$92.3 billion30.00% increase
2011$118.0 billion27.8% increase
2012$145.0 billion22.88% increase
2013$180.0 billion24.14% increase
2014$235.0 billion30.56% increase
2015$282.0 billion20.00% increase
2016$354.0 billion25.53% increase
2017$451.0 billion27.40% increase
2018$578.0 billion28.16% increase
2019$712.0 billion23.18% increase
2020$963.0 billion35.25% increase
2021$1.25 trillion29.80% increase
2022$1.36 trillion8.80% increase

Source: GlobalData, Paypal 1, Paypal 2, Paypal 3, Paypal 4, Paypal 5, Paypal 6, Paypal 7, Paypal 8, CTV News, Businesswire

Which industries are using PayPal Enterprise the most?

PayPal Enterprise is a function wherein the company helps businesses find active buyers, increase conversion across channels, and scale into new markets. Payments are discussed through PayPal sales team.

The table below shows us which industries are using PayPal Enterprise the most.

Graph about Which industries are using PayPal Enterprise the most

Thee Retail industry covers 24.80% of PayPal's usage. Then, there are the Professional Services, with 15.50%.

Professional Services15.50%
Consumer Packaged Goods14.60%
Construction and Real Estate5.70%
Banking and Financial Services2.60%
Non Profit1.70%

Looking at the table above and seeing all these different industries, you can see how there are really no boundaries for PayPal.

There's money to be made in both Retail, Media, and even Non Profit, so be assured that PayPal is always there as a payment processor.

Sources: AppsRunTheWorld, Paypal

PayPal Enterprise customers by country

Paypal Enterprise's most customers are from the United States, with 84.90% of the total users.

Next after the big player, there's the United Kingdom, with (only) 6.40% of the pie.

Graph about PayPal Enterprise customers by country

Followed by which, there are Canada, France, and Australia on the list. They cover from 1 to 3% of the users.

United States84.90%
United Kingdoms6.40%

Sources:  AppsRunTheWorld, Paypal

PayPal's Market Share (Online Payment Industry)?

As of 2022, PayPal has a market share of 52.45% in the online payment industry.

Graph about Paypal's market share

This really means that PayPal is pretty much over 50% of the online payment industry. As we've previously seen from PayPal's revenue and profits, this is a very large industry.

Therefore, seeing how PayPal is literally over half of the industry, we can try only and understand how big PayPal really is when it comes down to ePayments.

Source: enlyft

How does PayPal make money?

PayPal has a three-phase business model.

In phase 1, payment volumes are largely coming from eBay. Individuals and businesses without credit cards were very attracted to the system as they can have transactions in eBay without relying on credit cards.

In Phase 2, PayPal planned to earn interest through funds on papal accounts. However, most of the PayPal users would immediately withdrew their money.

To solve this problem, PayPal catered more to business accounts. PayPal started relying on earnings from its service charges rather on the interests from deposited funds.

In Phase 3, after increasing its domestic and international penetration on eBay, PayPal started their off-eBay strategy by adding users across multiple platforms, meaning they will expand more on different platforms other than eBay.

In 2003, Merchant Services was created within PayPal. This provided payment solutions to small and large e-commerce businesses outside eBay.

To sum it up, PayPal earns from its transaction fees, subscription fees for its premium features mainly offered to businesses, sales of card readers, referral fees on cashback rewards, interest on cash advance, business loans, interchange fees, and more.

Sources: Linkedin, Wall Street Folly

How much time do people spend on PayPal?

As of November 2022, the average time spent using PayPal  is 00:04:06.

Infographic about how much time do people spend on PayPalh

How much time do you spend using PayPal?

Source: Similarweb

Where is PayPal available (countries)?

PayPal is available in 200 countries/regions, which makes it available worldwide.

Source: PayPal

How many currencies does PayPal support?

As of November 2022, PayPal supports 25 currencies. Below is a list of them:

Australian dollarAUD
Brazilian realBRL
Canadian dollarCAD
Chinese RenmenbiCNY
Czech korunaCZK
Danish kroneDKK
Hong Kong dollarHKD
Hungarian forintHUF
Israeli new shekelILS
Japanese yenJPY
Malaysian ringgitMYR
Mexican pesoMXN
New Zealand dollarTWD
Norwegian kroneNZD
Philippine pesoPHP
Polish zlotyPLN
Pound sterlingGBP
Russian rubleRUB
Singapore dollarSGD
Swedish kronaSEK
Swiss francCHF
Thai bahtTHB
United States dollarUSD

Source: PayPal

Which countries visit PayPal the most?

The United States is PayPal's #1 visitor, with 39.41% of the total PayPal users.

Infographic about which countries visit PayPal the most

After the US, Germany is the most popular country for PayPal, with 15.72% of the total total users. The table below lists the most popular countries:

CountryPercentage of Visitors
United States39.41%
United Kingdom9.52%

Source: Similarweb

PayPal Mobile App Statistics: Android vs iOS

These are the key stats and key info on PayPal mobile app on Android as of October 2022:

Key StatKey Info
Launch DateJuly 11, 2008
Total Downloads100 million
Rating Reviews4.3 out of 5 stars
Total Review Votes2.8 million

These are the key stats and key info on PayPal mobile app on iOS as of October 2022:

Key StatKey Info
Launch DateFebruary 19, 2016
Total Downloads
Rating Reviews4.6 out of 5 stars
Total Review Votes~33,800

Source: Google Play, Apple Store

PayPal Financials

The following subsections provides us with a detailed look on PayPal financials through the years. As of 2021, PayPal has a net profit margin of 16.43 with 4.6 earnings per share.

Source: Google Finance

PayPal Net Profit Margin

PayPal hadnet profit margin of 12.85% in 2022.

YearNet Profit MarginY/Y Change
201713.716.11% increase
201813.31-2.92% decrease
201913.843.98% increase
202019.5941.55% increase
202116.43-16.13% decrease

See how PayPal's net profit margin is versatile throughout these years. It doesn't increase by a lot, and yet, it also doesn't decrease by a lot.

Source: Google Finance, PayPal

PayPal Earnings per Share

PayPal has an earning per share of $3.52.

YearEarnings per ShareY/Y Change
2017$1.926.67% increase
2018$2.4227.37% increase
2019$3.128.10 % increase
2020$3.8825.16 % increase
2021$4.618.56 % inrcease
2022$3.5-23.48 decrease

Source: Google Finance, PayPal


PayPal has an EBITDA of $4.96 billion in 2022, a slight decrease of 4.80% from prior year.

YearEBITDAY/Y Change
2017$2.71 billion28.92% increase
2018$2.73 billion0.85% increase
2019$3.41 billion24.81% increase
2020$4.3 billion25.92% increase
2021$5.21 billion21.40% increase
2022$4.96 billion4.80% increase

Source: Google Finance, PayPal

PayPal Effective Tax Rate

Paypal had effective tax rate of 22.40% in 2022.

YearEffective Tax Rate

Source: Google Finance, PayPal

PayPal Cash and Short-Term Investments

PayPal had cash and short-term investments of $10.83 billion in 2022, an increase of 14% compared to $9.50 billion in 2021.

YearCash and Short-Term InvestmentsY/Y Change
2017$5.70 billion14.47% increase
2018$9.11 billion59.95% increase
2019$10.76 billion18.14% increase
2020$13.08 billion21.58% increase
2021$9.50 billion-27.39% decrease
2022$10.83 billion14% increase

Source: Google Finance, PayPal

PayPal Total Assets

PayPal had total assets of $78.72 billion in 2022.

YearTotal AssetsY/Y Change
2017$40.77 billion23.17% increase
2018$43.33 billion6.27% increase
2019$51.33 billion18.46% increase
2020$70.38 billion37.10% increase
2021$75.80 billion7.71% increase
2022$78.72 billion3.85% increase

Source: Google Finance, PayPal

PayPal Total Liabilities

PayPal had total liabilities of $58.44 billion in 2022.

YearTotal LiabilitiesY/Y Change
2017$24.78 billion34.74% increase
2018$27.95 billion12.78% increase
2019$34.40 billion23.11% increase
2020$50.32 billion46.25% increase
2021$54.08 billion7.47% increase
2022$58.44 billion8.06% increase

With assets come liabilities as well, and you can't do much to lower them if you want to increase assets and equity.

Source: Google Finance, PayPal

PayPal Total Equity

PayPal had a total equity of $20.27 billion in 2022.

YearTotal Equity
2017$15.99 billion
2018$15.39 billion
2019$16.93 billion
2020$20.06 billion
2021$21.73 billion
2022$20/27 billion

Source: Google Finance, PayPal

PayPal Shares Outstanding

PayPal had 1.15 billion shares outstanding in 2022.

YearShares Outstanding
20171.2 billion
20181.17 billion
20191.17 billion
20201.17 billion
20211.17 billion
20221.15 billion

Source: Google Finance, PayPal

PayPal Price-to-Book

PayPal has a price-to-book ratio of 4.66.


Source: Google Finance, PayPal

PayPal Return on Assets

PayPal had return on assets of 3.01% in 2022.

YearReturn on Assets

Source: Google Finance, PayPal

PayPal Return on Capital

PayPal had a return on capital of 12% in 2022.

YearReturn on Capital

Source: Google Finance, PayPal

PayPal Cash From Operations

PayPal had cash from operations of $5.8 billion in 2022, a decrease of 8.52% in year-over-year growth compared to $6.34 billion.

YearCash from OperationsY/Y Change
2017$2.53 billion-19.85% decrease
2018$5.48 billion116.52% increase
2019$4.07 billion-25.71% decrease
2020$5.85 billion43.80% increase
2021$6.34 billion8.30% increase
2022$5.80 billion-8.52% increase

Source: Google Finance, PayPal

PayPal Cash From Investing

PayPal had used $3.40 billion in their investments last 2022.

YearCash from InvestingY/Y Change
2017-$4.49 billion
2018$821 million
2019-$5.74 billion
2020-$16.22 billion
2021-$5.49 billion
2022-$3.40 billion

Source: Google Finance, PayPal

PayPal Cash From Financing

PayPal cash from financing of -$155 million.

YearCash from FinancingY/Y Change
2017$4.08 billion
2018-$1.24 billion
2019$4.19 billion
2020$12.49 billion
2021-764 million
2022-155 million

Source: Google Finance, PayPal

PayPal Net Change in Cash

PayPal has net change in cash of $1.13 billion. A massive increase of net change in cash when compared to the -$11 million in 2021, that’s 1000x more than the current value.

YearNet Change in CashY/Y Change
2017$2.17 billion405.93% increase
2018$4.95 billion128.44% increase
2019$2.51 billion-49.27% decrease
2020$2.30 billion-8.49% decrease
2021-$11 million-100.48% decrease
2022$1.3 billion10372.7 increase

Source: Google Finance, PayPal

PayPal Free Cash Flow

PayPal has a free cash flow of $5.10 billion.

YearCash FlowY/Y Change
2017$1.01 billion-17.47% decrease
2018$7.30 billion620.27% increase
2019$1.96 billion-73.11% decrease
2020$5.06 billion157.53% increase
2021$2.75 billion-45.55% decrease
2022$5.10 billion85.45% increase

Source: Google Finance, PayPal

PayPal Traffic Summary Overview

Key StatKey Info
Daily Unique Visitors16,562,630
Monthly Visits501,847,689
Pages per Visitor88,444,446
Daily Pageviews88,444,446
Monthly Visits (SEMrush)1,422,837,001
Monthly Unique Visitors (SEMrush)469,411,504
Monthly Visits (SimilarWeb)501,897,889
Alexa Rank42
Alexa Reach0.9534% (of global internet users)
Bounce rate22.28%

Source: HypeStat

PayPal Website Traffic Sources

PayPal's most traffic sources come from Direct Sources, as well as Referral Sources.

Let's look at all of them in the table below:

Direct Sources90.02%
Referral Sources7.75%
Search Sources1.96%
Social Sources0.18%
Paid Sources0.09%

Source: HypeStat

PayPal Traffic Source: Desktop vs Mobile

  • 12.67% of the users visit the website through desktop devices
  • 87.33% of the users visit the website through mobile devices
Graph about PayPal Traffic Source: Desktop vs Mobile

Most PayPal users like to browse the app on their phone or table.

In case you're a PayPal use, ow about you? What's your favourite way to use PayPal?

Source: HypeStat


No items found.

Want more of this, for free?

Hey! 👋 Over here, at SignHouse, we're producing more of what you just read.
Get our very quick email updates that we send to 1,000s of people. 100%-off invitations to access paid products for $0, value-packed emails + more

About the author

Ch Daniel is the co-founder of SignHouse and chairman of the CH Group. Daniel is leading the development of SignHouse's product, as well as strategising how else the company can reach its main mission: empowering 100M+ to use the world's most efficient document organisational tools.