CEOPAYRATIODISCLOSURE CEOPayRatioDisclosure WeareprovidingthefollowinginformationabouttherelationshipoftheannualtotalcompensationofMr.Schulman,our PRO CEO,tothemedianoftheannualtotalcompensationofallouremployees(otherthanMr.Schulman),whichwerefertoas the“payratio.” Webelievethatthepayratiodisclosedbelowisareasonableestimatecalculatedinamannerconsistent XY with Item 402(u) of Regulation S-K. S T A For2022,ourlastcompletedfiscalyear,themedianoftheannualtotalcompensationofallouremployees(otherthanour TEMENT CEO)was$77,244andtheannualtotalcompensationofourCEO,asreportedinthe“Total”columnofthe“2022Summary CompensationTable”inthisproxystatement,was$21,957,922.Basedonthisinformation,for2022,weestimatethatthe payratiooftheannualtotalcompensationofourCEOtothemedianoftheannualtotalcompensationofallouremployees is 284 to 1. Methodology PayPalisaglobalcompanyandoperatesinover200marketsaroundtheworld.AsofDecember31,2022,weemployed approximately29,900peopleglobally:approximately40%ofthemwerebasedintheU.S.and60%werebasedoutsideof theU.S.Westrivetocreateacompetitiveglobalcompensationprogramintermsofbotheachemployeespositionandthe geographiclocationinwhichtheemployeeislocated.Accordingly,ourcompensationprogramsandrewardofferingsare designedtoreflectlocalmarketpracticesacrossourglobaloperations. WeselectedDecember31,2022(thelastdayofourfiscalyear)asthedateforidentifyingourmedianemployee.Asofthat date, wecompiledcompensationinformationforallofourfull-timeandpart-timeemployeesworldwide(includinginterns). Forpurposesofidentifyingthemedianemployeefromourglobalemployeepopulation,wecomparedtheamountofbase salary (including overtime for overtime-eligibleemployees),allowances,short-termincentivesand otherbonusespaid during2022andtheintendedgrantvaluerelatedtoanylong-termincentiveequityawardsgrantedduring2022,as reflectedin our global human resourcesandequitymanagementsystems.Weannualizedbasesalariesforthose employeeswhowerenotemployedfortheentire2022fiscalyear.ForemployeesoutsideoftheU.S.,weconvertedtheir compensationtoU.S.dollarsusingtheapplicableexchangerateasofDecember30,2022.Wedidnotincludeany contractorsor workersemployedthroughathird-partyproviderinouremployeepopulation. Theelementsinthiscompensationmeasurearerepresentativeoftheprincipalformsofcompensationdeliveredtoour employees.Weidentifiedourmedianemployeeusingthiscompensationmeasure,whichwasconsistentlyappliedtoall employeesincludedinthecalculation. Onceweidentifiedourmedianemployee,weidentifiedandcalculatedtheelementsofthatemployeescompensationfor 2022inaccordancewiththerequirementsofItem402(c)(2)(x)ofRegulationS-K,resultinginannualtotalcompensationof $77,244. For the annual total compensationof our CEO, we used the amount reportedin the “Total” column of our “2022 SummaryCompensationTable”inthisproxystatement. TheSECrulesforidentifyingthemedianemployeeallowcompaniestoadoptmanydifferentmethodologies,suchas applyingestimates,assumptions,adjustmentsandexclusionsandadoptinguniquedefinitionsofcompensationtoidentify themedianemployeeandcalculatethepayratio.Inlightofthedifferencesinhowpayratiosmaybecalculated,neitherthe medianemployeescompensationnortheestimatedpayratioreportedbyothercompaniesmaybecomparabletothe payratioreportedabove,asothercompanieshavedifferentemployeepopulationsandcompensationpracticesandmay usedifferentmethodologies,exclusions,estimatesandassumptionsincalculatingtheirpayratios. •2023ProxyStatement 83