PARTIV ConsolidatedStatementsofStockholdersEquity PayPalHoldings,Inc. ConsolidatedStatementsofStockholdersEquity Accumulated Other Common Additional Comprehensive Stock Treasury Paid-In Income Retained Noncontrolling Total Shares Stock Capital (Loss) Earnings Interest Equity (In millions) BalancesatDecember31,2019 1,173 $ (6,872) $ 15,588 $ (173) $ 8,342 $ 44 $ 16,929 Adoptionofcurrentexpectedcreditloss standard — — — — (178) — (178) Netincome — — — — 4,202 — 4,202 ForeignCTA — — — (48) — — (48) NetinvestmenthedgeCTAgain — — — 55 — — 55 Unrealized losses on cash flow hedges, net — — — (329) — — (329) Taxbenefitonunrealizedlossesoncashflow hedges,net — — — 4 — — 4 Unrealized gains on investments, net — — — 9 — — 9 Taxexpenseonunrealizedgainson investments, net — — — (2) — — (2) Commonstockandstock-basedawardsissued andassumed,netofshareswithheldfor employeetaxes 11 — (365) — — — (365) Commonstockrepurchased (12) (1,635) — — — — (1,635) Stock-basedcompensation — — 1,421 — — — 1,421 BalancesatDecember31,2020 1,172 $ (8,507) $16,644 $(484) $ 12,366 $ 44 $20,063 Netincome — — — — 4,169 — 4,169 ForeignCTA — — — (72) — — (72) Unrealized gains on cash flow hedges, net — — — 522 — — 522 Taxexpenseonunrealizedgainsoncashflow hedges,net — — — (26) — — (26) Unrealized losses on investments, net — — — (98) — — (98) Taxbenefitonunrealizedlossesoninvestments, net — — — 22 — — 22 Commonstockandstock-basedawardsissued andassumed,netofshareswithheldfor employeetaxes 11 — (881) — — — (881) Commonstockrepurchased (15) (3,373) — — — — (3,373) Stock-basedcompensation — — 1,445 — — — 1,445 Changeinnoncontrollinginterest — — — — — (44) (44) BalancesatDecember31,2021 1,168 $ (11,880) $ 17,208 $ (136) $ 16,535 $ — $ 21,727 Netincome — — — — 2,419 — 2,419 ForeignCTA — — — (305) — — (305) NetinvestmenthedgeCTAlosses,net — — — (25) — — (25) TaxbenefitonnetinvestmenthedgesCTA losses, net — — — 6 — — 6 Unrealized losses on cash flow hedges, net — — — (88) — — (88) Taxbenefitonunrealizedlossesoncashflow hedges,net — — — 4 — — 4 Unrealized losses on investments, net — — — (504) — — (504) Taxbenefitonunrealizedlossesoninvestments, net — — — 120 — — 120 Commonstockandstock-basedawardsissued, net of shares withheld for employee taxes 9 — (195) — — — (195) Commonstockrepurchased (41) (4,199) — — — — (4,199) Stock-basedcompensation — — 1,313 — — — 1,313 Other — — 1 — — — 1 BalancesatDecember31,2022 1,136 $ (16,079) $ 18,327 $(928) $ 18,954 $ — $ 20,274 Theaccompanyingnotesareanintegralpartoftheseconsolidatedfinancialstatements. 60 •2022AnnualReport