PayPal - M&A Summary and Business Overview

Financial ServicesCompany

PayPal M&A Summary

PayPal has acquired 23 companies, including 4 in the last 5 years. A total of 5 acquisitions came from private equity firms. It has also divested 1 asset.

PayPal’s largest acquisition to date was in 2019, when it acquired Honey Science for $4.0B. PayPal has acquired in 4 different US states, and 7 countries. The Company’s most targeted sectors include internet software and services (48%) and financial services (20%).

PayPal Business Overview

Where is PayPal headquartered?

PayPal is headquartered in San Jose, California.

What is PayPal’s revenue?

PayPal disclosed revenue of 21,454M USD for 2020 and 17,772M USD for 2019.

How many employees does PayPal have?

PayPal has 26,500 employees.

What sector is PayPal in?

PayPal is a financial services company.

When was PayPal founded?

PayPal was founded in 1998.

M&A Summary

  • M&A Total Activity22
    • M&A Buy Activity21
    • M&A Sell Activity1
  • Total Sectors Invested 5
  • Total Countries Invested 7
  • M&A Buy/Sell Connections 7
  • M&A Advisors 8

PayPal

PayPal Holdings, Inc.

2211 North First Street,
San Jose, California 95131
United States,
(408) 967-1000
www.paypal.com

PayPal enables any business or consumer with email to send and receive online payments securely, conveniently and cost-effectively. The Company's network builds on the existing financial infrastructure of bank accounts and credit cards to create a global payment system and delivers a product well suited for small businesses, online merchants, individuals and others underserved by traditional payment mechanisms. PayPal was founded in 1998 and is based in San Jose, California.


M&A Summary

Buy vs Sell

Year ≤ '19 '20 '21 '22 '23 '24 T
Buy (0.6/yr) # 18 - 2 1 - - 21
vol $9.1B $2.7B $11.8B
Sell (0.2/yr) # - - - - 1 - 1
  22

Most Recent M&A

Company Date Value Type
Happy Returns 2023-10-25 - Divestiture
Valencia, California · www.happyreturns.com
shopware AG 2022-02-08 - Growth Capital
Schöppingen, Germany · www.shopware.com
Paidy Co., Ltd. 2021-09-07 2.5B JPY Add-on Acquisition
Tokyo, Japan · www.paidy.com
Curv 2021-03-08 200M USD Add-on Acquisition
Tel-Aviv, Israel · www.curv.co
Honey Science Corp. 2019-11-20 4.0B USD Add-on Acquisition
Los Angeles, California · www.joinhoney.com
Simility, Inc. 2018-06-21 120M USD Add-on Acquisition
Palo Alto, California · www.simility.com
Hyperwallet Systems, Inc. 2018-06-19 400M USD Add-on Acquisition
San Francisco, California · www.hyperwallet.com
Jetlore, Inc. 2018-05-30 - Add-on Acquisition
San Mateo, California · www.jetlore.com
iZettle AB 2018-05-17 2.2B USD Add-on Acquisition
Stockholm, Sweden · www.izettle.com
Swift Financial Corp. (Swift Capital) 2017-08-10 - Add-on Acquisition
Wilmington, Delaware · www.swiftcapital.com
View All >>

M&A by Sector

Sector Buy # Value Sell # Value
Internet Software and Services 10 (48%) 8.0B (68%) - -
Financial Services 4 (19%) 1.3B (11%) - -
Information Technology 3 (14%) 2.3B (20%) - -
Software 3 (14%) 169M (1%) - -
Marketing 1 (5%) - - -
Transportation - - 1 (100%) -
Total 21 $11.8B 1 -

By Geo

State/Country Buy Value Sell Value
United States 14 6.7B 1 -
  California 9 5.6B 1 -
  Massachusetts 2 280M - -
  Illinois 2 800M - -
  Delaware 1 - - -
Israel 2 200M - -
Canada 1 231M - -
  British Columbia 1 231M - -
Germany 1 - - -
Japan 1 2.5B - -
Norway 1 - - -
Sweden 1 2.2B - -
Domestic 14 (67%) 6.7B (57%) 1 (100%) -
Cross-border 7 (33%) 5.1B (43%) - -
Total 21 $11.8B 1 -

Top M&A Advisors

Financial Deals
Evercore Group
1
J.P. Morgan Securities
1
BofA Securities
1
Legal Deals
Skadden, Arps, Slate, Meagher & Flom
3
Sidley
2
White & Case
1

Deal Values

buy # Total
> $1B 3 $8.7B
$100M to $1B 8 $3.1B
TOTAL $11.8B
Largest Honey Science Corp.
$4.0B (2019-11-20)

M&A Connections

Deals
Acquired from
Investor(s)
14%
3 (14%)
Divested to
Strategic(s)
100%
1 (100%)

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