Welcome to our dedicated page for PayPal Holdings SEC filings (Ticker: PYPL), a comprehensive resource for investors and traders seeking official regulatory documents including 10-K annual reports, 10-Q quarterly earnings, 8-K material events, and insider trading forms.
PayPal Holdings, Inc. filings document the formal reporting record for a Nasdaq-listed payments company with common stock trading under PYPL. The company’s 8-K filings include operating and financial results, material-event disclosures, executive and board changes, separation and compensation arrangements, and capital-structure matters such as its unsecured commercial paper program.
Proxy materials cover annual-meeting governance, director elections, board committee assignments, executive compensation and stockholder voting matters. The filing record also describes PayPal’s registered securities, corporate governance framework, material agreements and recurring disclosures related to its payments, Venmo, merchant-processing and small-business operations.
PayPal Holdings, Inc. describes how it operates a global two‑sided digital payments platform connecting consumers and merchants in about 200 markets. In 2025, it processed $1.79 trillion in total payment volume, up 7% from 2024, across 25.4 billion transactions, which fell 4%.
Active accounts reached 439 million as of December 31, 2025, up 1% year over year. PayPal highlights strengths such as its trusted PayPal and Venmo brands, broad funding options, global scale, risk and compliance capabilities, and extensive regulatory licenses.
The report details consumer and merchant solutions, including digital wallets, buy now, pay later products, in‑person point‑of‑sale tools, and merchant financing. It also emphasizes heavy technology and cybersecurity investment, with research and development expense of $1.5 billion in both 2025 and 2024, and outlines extensive risk factors spanning cyberattacks, regulation, competition, cryptocurrency, and AI.
PayPal Holdings, Inc. furnished a Form 8-K to note that it issued a press release announcing its financial results for the quarter and year ended December 31, 2025. The press release is provided as Exhibit 99.1 and is incorporated by reference into this report.
The company specifies that the information under Item 2.02, including Exhibit 99.1, is being furnished rather than filed, so it is not subject to certain liability provisions of the Exchange Act and will not be automatically incorporated into other Securities Act or Exchange Act filings.
The Vanguard Group has reported a significant ownership position in PayPal Holdings Inc. Vanguard disclosed beneficial ownership of 90,375,902 shares of PayPal common stock, representing 9.65% of the outstanding class as of the event date.
Vanguard reports shared voting power over 8,798,288 shares and shared dispositive power over 90,375,902 shares, with no sole voting or dispositive power. The filing states these securities are held in the ordinary course of business and not for the purpose of changing or influencing control of PayPal. Vanguard also notes an internal realignment effective January 12, 2026, after which certain subsidiaries or business divisions are expected to report beneficial ownership separately while pursuing the same investment strategies as before.
PayPal Holdings executive Frank Keller reported routine equity compensation activity. On January 15, 2026, restricted stock units vested, delivering 1,639 shares of PayPal common stock to him at an exercise price of $0.0. After this vesting, he held 55,793 shares of common stock directly.
To cover tax withholding on the vesting, 748 shares of common stock were withheld and disposed of at a price of $57.66 per share, leaving Keller with 55,045 shares of PayPal common stock owned directly. The derivative table shows that following this transaction, he also held 8,195 restricted stock units, each representing a contingent right to receive one share of PayPal common stock under a three-year vesting schedule.
PayPal Holdings, Inc. EVP and Global Chief Risk Officer Aaron Webster reported routine equity award activity on January 15, 2026. He converted 5,900 and 2,623 restricted stock units into PayPal common stock at an exercise price of $0.0 per share, reflecting scheduled vesting of prior grants. In connection with this vesting, 2,772 shares of common stock were disposed of at $57.66 per share to cover tax withholding obligations, rather than a discretionary open-market sale.
After these transactions, Webster directly owned 41,450 shares of PayPal common stock, along with 29,501 and 13,110 remaining restricted stock units tied to PayPal shares. Each restricted stock unit represents the right to receive one share of common stock as it vests under a three-year schedule, with portions vesting on the first anniversary of the grant date and quarterly thereafter until fully vested.
PayPal Holdings, Inc. Senior Vice President and Chief Accounting Officer Chris Natali reported routine equity compensation activity. On January 15, 2026, 2,726 shares of common stock were acquired through the vesting and settlement of previously granted restricted stock units at an exercise price of $0.0 per share. On the same date, 1,109 shares of common stock were surrendered at a price of $57.66 per share to cover tax withholding obligations tied to this vesting, leaving 1,617 shares of common stock directly owned after the transactions. Following these events, Natali also directly held 16,355 restricted stock units, each representing a contingent right to receive one share of PayPal common stock subject to a three-year vesting schedule.
PayPal Holdings, Inc. reports that President and CEO James Alexander Chriss had 23,281 restricted stock units convert into an equal number of common shares on January 15, 2026. To cover tax obligations, 9,724 shares were withheld at $57.66 per share. He now directly holds 196,403 PayPal common shares and continues to hold 69,838 restricted stock units that vest over a three-year schedule.
PayPal Holdings, Inc. executive Diego Scotti reported routine equity compensation activity. On January 15, 2026, restricted stock units covering 8,588 shares of PayPal common stock vested, converting into the same number of common shares at an exercise price of $0.0 per share.
To cover tax withholding obligations tied to this vesting, 3,629 shares of common stock were withheld at a price of $57.66 per share, as noted in the footnotes. After these transactions, Scotti directly owned 21,948 shares of PayPal common stock and 34,351 restricted stock units, which are scheduled to vest over a three-year period based on the grant’s vesting schedule.
PayPal Holdings, Inc. executive Jamie S. Miller, EVP, Chief Fin & Op Officer, reported equity award vesting and related share withholding dated 12/15/2025. She acquired 9,094 and 2,910 shares of common stock at $0.0 per share through the vesting and settlement of restricted stock units.
To cover tax withholding on the vesting, 6,129 shares were disposed of at a price of $61.66, as described in the footnotes. After these transactions, Miller directly owns 47,008 shares of PayPal common stock. She also holds derivative interests through restricted stock units, including 36,377 and 11,640 units, each representing the right to receive one share of common stock upon vesting under a three-year vesting schedule that began with a grant on December 15, 2023.
PayPal Holdings executive Michelle Gill, EVP and GM of SMB & Financial Services, reported the vesting of restricted stock units on 12/15/2025. Two RSU tranches converted into 9,094 and 2,910 shares of common stock at no cost, increasing her holdings before tax withholding. To satisfy tax obligations, 5,952 shares were withheld at a price of $61.66 per share. After these transactions, she directly owns 48,276 shares of PayPal common stock. The RSUs stem from a 12/15/2023 grant that vests over three years, with shares delivered as each portion vests.