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On the Record · PayPal

PayPal acquisitions, on the record

The businesses PayPal bought and sold, as its annual reports describe them, with the cash it reported paying for acquisitions each year and every deal filing since 2016.

Deals its annual reports describe

BusinessDealWhenValue
TIO Networks
Word for word“For example, in November 2017, we suspended the operations of TIO Networks (“TIO”) (acquired in July 2017) as part of an investigation of security vulnerabilities of the TIO platform, and in December 2017, we announced that we had identified evidence of unauthorized access to TIO’s network and the potential compromise of personally identifiable information for approximately 1.6 million TIO customers.” 10-K for 2022
acquisitionJuly 2017—
Paidy
Word for word“We completed the acquisition of Paidy in October 2021 by acquiring all outstanding shares for total consideration of approximately $ 2.7 billion, consisting of approximately $ 2.6 billion in cash and approximately $ 161 million in assumed restricted stock and restricted stock units, subject to vesting conditions.” 10-K for 2022
acquisitionOctober 2021approximately $ 2.7 billion
Honey Science Corporation
Word for word“We completed our acquisition of Honey Science Corporation (“Honey”) in January 2020 by acquiring all outstanding shares for total consideration of approximately $ 4.0 billion, consisting of approximately $ 3.6 billion in cash and approximately $ 400 million in assumed restricted stock, restricted stock units, and stock options, subject to vesting conditions.” 10-K for 2022
acquisitionJanuary 2020approximately $ 4.0 billion
four other acquired companies
Word for word“The total purchase price for these acquisitions was $ 542 million, consisting primarily of cash consideration.” 10-K for 2022
acquisition—$ 542 million
Happy Returns
Word for word“On November 1, 2023, we completed the sale of Happy Returns to United Parcel Services, Inc. for approximately $ 466 million in cash, net of cash divested, and derecognized the assets held for sale, consisting primarily of $ 81 million of goodwill and $ 13 million of net intangible assets.” 10-K for 2023
divestitureNovember 1, 2023approximately $ 466 million in cash, net of cash divested
four other acquisitions accounted for as business combinations
Word for word“The total purchase price for these acquisitions was $ 542 million, consisting primarily of cash consideration.” 10-K for 2023
acquisition—$ 542 million
As filedReported in the company's financial data (XBRL), each linked to its filing
Fiscal year endedCash paid for acquisitions (net of cash acquired)Goodwill from acquisitions
2016-12-31$19 million$0
2017-12-31$323 million$276 million
2018-12-31$2.12 billion$1.98 billion
2019-12-31$70 million$0
2020-12-31$3.61 billion$2.96 billion
2021-12-31$2.76 billion$2.35 billion
2022-12-31$0$0
2023-12-31$0$0
2024-12-31—$0
2025-12-31—$7 million

Deal filings since 2016

Read from PayPal’s annual reports (10-K for 2025, 10-K for 2024, 10-K for 2023, 10-K for 2022) and the financial data it files with the SEC, as of 2026-02-03. Every quotation is word for word from the filing linked beside it; how these pages are built and checked. The full record is in its company data sheet.