PayPal vs PepsiCo: Founders, CEOs and History
PayPal was founded in 1998 by Max Levchin, Peter Thiel, Luke Nosek and is led by Enrique Lores. PepsiCo was founded in 1965 by Caleb Bradham, Donald M. Kendall, Herman W. Lay and is led by Ramon Laguarta.
Company facts
Founders
PayPal
Max Levchin
PayPal possesses arguably the most well-known, mythological, and influential founding story in the entire history of Silicon Valley, famously creating the 'PayPal Mafia', a concentrated group of effective, idiosyncratic founders who went on to literally build…
Peter Thiel
Peter Thiel served as an early strategic leader and CEO during the period when PayPal chose payments over broader online banking.
Luke Nosek
Luke Nosek co-founded Confinity with Max Levchin and Peter Thiel in 1998 and led marketing and strategy in PayPal's early years.
Elon Musk
Elon Musk founded X.com in 1999 as an online bank after selling Zip2. X.com merged with Confinity in March 2000, and Musk served as CEO of the combined company until the board replaced him with Peter Thiel later that year.
PepsiCo
Caleb Bradham
Caleb Bradham created "Brad's Drink" at his New Bern pharmacy in 1898, renamed it Pepsi-Cola and incorporated the Pepsi-Cola Company in 1902.
Donald M. Kendall
Donald M. Kendall led Pepsi-Cola and engineered its 1965 merger with Frito-Lay to form PepsiCo, which he ran as CEO until 1986.
Herman W. Lay
Herman W. Lay (1909-1982) started his career as a snack food salesman. In 1932, he opened a snack food operation in Nashville, Tennessee, eventually purchasing the manufacturer and renaming it H.W. Lay & Company.
CEOs and their tenures
PayPal
- Alex Chriss2023–2026
President and Chief Executive Officer
Joined from Intuit in September 2023 after Dan Schulman. Margins and buybacks improved during his tenure, but branded checkout growth stayed slow, and the board replaced him with Enrique Lores effective March 1, 2026.
Source - Enrique Lores2026–present
President and Chief Executive Officer
Former HP Inc. CEO (2019-2026) and PayPal board chair; replaced Alex Chriss as CEO effective March 1, 2026. In his first full quarter (Q2 2026) PayPal beat estimates and raised full-year EPS guidance.
Source
PepsiCo
- D. Wayne Calloway1986–1996
Chief Executive Officer
He more than doubled PepsiCo's revenues during his tenure and heavily invested in the restaurant division before it was later spun off.
Source - Roger Enrico1996–2001
Chief Executive Officer
He dramatically simplified the company's structure, allowing it to focus resources on its core grocery and convenience store distribution networks.
Source - Steven Reinemund2001–2006
Chief Executive Officer
He oversaw significant international expansion and revenue growth, setting a strong operational foundation before handing leadership to Nooyi.
Source - Indra Nooyi2006–2018
Chief Executive Officer
Under her 12-year tenure as CEO, PepsiCo's revenue grew by more than 80%, and she fundamentally reshaped the company's identity from a junk-food purveyor to a diversified global food and beverage giant.
Source - Ramon Laguarta2018–present
Chairman of the Board & Chief Executive Officer
He sustained strong organic revenue growth and protected operating margins through historically challenging supply chain conditions, while committing the company to major sustainability and packaging reduction goals.
Source
Timeline: PayPal and PepsiCo side by side
1898PepsiCo
Pepsi-Cola Invented in North Carolina
Caleb Bradham formulated the original digestive cola syrup in his drugstore.
1965PepsiCo
Historic Merger of Pepsi-Cola & Frito-Lay
Donald Kendall and Herman Lay created PepsiCo, uniting snacks and soft drinks.
1975PepsiCo
Launch of the Pepsi Challenge
National blind taste tests shook Coca-Cola's market dominance and redefined advertising.
1997PepsiCo
Restaurant Business Spun Off
PepsiCo spun off its restaurant businesses (Pizza Hut, Taco Bell and KFC) as Tricon Global Restaurants, now Yum! Brands, in 1997.
1998PayPal
Confinity Founded
PayPal traces its origins to Confinity and the early X.com online payments era.
1998PepsiCo
Acquisition of Tropicana ($3.3B)
Acquired chilled orange juice leader Tropicana to dominate morning beverages.
2001PepsiCo
Acquisition of Quaker Oats & Gatorade ($13.4B)
Acquired Quaker Oats, adding sports hydration pioneer Gatorade to the portfolio.
2002PayPal
IPO and eBay Acquisition
PayPal went public and was acquired by eBay in 2002.
2006PepsiCo
Indra Nooyi becomes CEO
Indra Nooyi became CEO of PepsiCo in 2006. Chief executive of PepsiCo from 2006 to 2018.
2011PepsiCo
Wimm-Bill-Dann Acquired
PepsiCo completed its acquisition of the Russian dairy and juice company Wimm-Bill-Dann in 2011.
2013PayPal
Braintree Acquired
PayPal bought the payments company Braintree, which owned Venmo, in 2013 for about $800 million.
2015PayPal
PayPal Spins Off From eBay
PayPal became an independent public company again in 2015.
2018PayPal
iZettle Acquired
PayPal acquired the Swedish point-of-sale company iZettle in 2018 for about $2.2 billion.
2018PepsiCo
Acquisition of SodaStream ($3.2B) & Ramon Laguarta Appointed CEO
Acquired SodaStream to pioneer eco-friendly dispensing; Ramon Laguarta took over as CEO.
2020PayPal
Acquired Honey
PayPal Holdings acquired Honey for $4 billion.
2022PepsiCo
Strategic Distribution Alliance with Celsius ($550M)
Secured master global distribution for fast-growing energy brand Celsius.
2023PayPal
Alex Chriss becomes CEO
Alex Chriss became CEO of PayPal Holdings in 2023. Joined from Intuit in September 2023 after Dan Schulman.
2025PayPal
$33.172B FY2025 Revenue
PayPal reported $33.172 billion of revenue and $5.233 billion of net income.
2025PepsiCo
poppi Acquisition and Elliott-Backed Plan
Closed the $1.95 billion poppi deal and announced a North America cost and pricing reset in December.
2026PayPal
Enrique Lores Named CEO
PayPal appointed Enrique Lores President and CEO effective March 1, 2026.
2026PayPal
Strategic Reorganization Announced
PayPal reorganized around checkout, consumer financial services, Venmo, payment services, and crypto.
2026PayPal
Q2 2026 Beat and Raised Guidance
Q2 2026 revenue rose 5% to $8.68 billion and TPV rose 10% to $486.4 billion; full-year non-GAAP EPS guidance was raised to about $5.38.
2026PayPal
Stripe and Advent Takeover Approach Ends
PayPal's board reportedly rejected a $60.50-per-share approach valuing it above $53 billion; the Stripe and Advent consortium dropped its pursuit on August 28, 2026.
2026PepsiCo
Price Cuts on Core Snacks
Lowered prices on major Frito-Lay brands by up to 15% to recover US volumes.
Acquisitions
PayPal
- Paidy2021$2.7B
- Honey2020$4B
- IZettle2018$2.2B
- Simility2018$120M
- Xoom2015$890M
- Braintree2013$800M
PepsiCo
- poppi2025$1.9B
- SodaStream International2018$3.2B
- The Quaker Oats Company (including Gatorade)2001$13.4B
- Tropicana Products1998$3.3B
Questions about PayPal vs PepsiCo
Who is the CEO of PayPal Holdings, Inc. and PepsiCo, Inc.?
PayPal Holdings, Inc. is led by Enrique Lores and PepsiCo, Inc. is led by Ramon Laguarta. Both serve as the top executive responsible for the company's strategy, operations, and financial performance.
When was PayPal Holdings, Inc. founded vs PepsiCo, Inc.?
PepsiCo, Inc. was founded in 1965 — 33 years before PayPal Holdings, Inc., which was founded in 1998. PepsiCo, Inc.'s longer operating history gives it a deeper track record but also potentially more institutional inertia compared to the younger PayPal Holdings, Inc..
How many employees does PayPal Holdings, Inc. have compared to PepsiCo, Inc.?
PayPal Holdings, Inc. employs approximately 23,800 people, while PepsiCo, Inc. employs approximately 306,000. PepsiCo, Inc. has the larger workforce at 306,000 employees, compared to PayPal Holdings, Inc.'s 23,800. A higher headcount does not necessarily imply greater efficiency — it often reflects differences in business model (e.g., manufacturing vs. software).
Where are PayPal Holdings, Inc. and PepsiCo, Inc. headquartered?
Both PayPal Holdings, Inc. and PepsiCo, Inc. are headquartered in United States, meaning they operate under the same primary regulatory and tax environment.
Who founded PayPal Holdings, Inc. and PepsiCo, Inc.?
PayPal Holdings, Inc. was founded by Max Levchin, Peter Thiel, Luke Nosek, Elon Musk. PepsiCo, Inc. was founded by Caleb Bradham, Donald M. Kendall, Herman W. Lay.
Which company has a longer operating history — PayPal Holdings, Inc. or PepsiCo, Inc.?
PepsiCo, Inc. has been operating for approximately 61 years, making it the more established of the two companies. PayPal Holdings, Inc. has been in operation for around 28 years. A longer operating history often signals greater institutional resilience and brand recognition, though it can also mean slower adaptation to new market conditions.
Figures come from each company's filings and the sources linked beside them. Amounts reported in another currency are shown in US dollars at an approximate rate and marked with ~. Back to the PayPal vs PepsiCo overview