FILTER BY

also on other fortune lists

Change the World

Brandon Smith—Coutesy of PayPal

48

PayPal

PYPL

U.S.

America’s largest player in online payments (with 237 million accounts), PayPal is harnessing its huge scale to increase access to financial services for underbanked populations—and boosting the economy as a result. Over the past five years, for example, the company has loaned more than $5 billion to 150,000 small businesses—especially those in regions that lost brick-and-mortar bank branches after the financial crisis—through its Working Capital offering, which lets borrowers pay back the money with a cut of their PayPal sales. It has also mobilized the generosity of its vast community, with $8.5 billion donated to charity by PayPal customers and merchants in 2017.

Looking for leads, investment insights, or competitive intelligence?

Impact Segment

Economic Opportunity/Financial Inclusion

Sector

Business Services

Industry

Financial Data Services

CEO

Daniel Schulman

Employees

18,700

Company Type

Public

Revenues ($M) (Last Fiscal Year)

$13,094

Profits ($M) (Last Fiscal Year)

$1,795

Market Value ($M)

$103,560

News about PayPal

PayPal Offers Unpaid Federal Workers $500 Cash Advances With 0% Interest During Shutdown

"There are bills to be paid, groceries and gas to be bought, families to support," writes PayPal CEO Dan Schulman.

Read More →
Here's What Businesses Are Doing For #GivingTuesday

Companies including Amazon, Facebook, United Airlines, and more are giving back

Read More →
Hit by Fraud, Venmo Suffered a Big Loss and Shut Down Features, Report Says

The division operates at a loss and has few revenue sources.

Read More →
Gab, Social Network and Lightning Rod for Controversy, Is Back Online

The service was favored by the suspect of the Pittsburgh synagogue shooting.

Read More →
PayPal Beats 3rd-Quarter Earnings Estimates. Here's What Analysts Think

PayPal Holdings Inc. rallied as much as 9.5 percent after beating third-quarter estimates.

Read More →