UNITEDSTATES SECURITIESANDEXCHANGECOMMISSION Washington, D.C. 20549 FORM10-K ANNUALREPORTPURSUANTTOSECTION13OR15(d)OFTHESECURITIESEXCHANGEACTOF1934 ForthefiscalyearendedDecember31,2022. OR TRANSITIONREPORTPURSUANTTOSECTION13OR15(d)OFTHESECURITIESEXCHANGEACTOF1934 Forthetransitionperiodfrom to . Commissionfilenumber001-36859 PAYPALHOLDINGS,INC. (Exact NameofRegistrantasSpecifiedinItsCharter) Delaware 47-2989869 (State or Other Jurisdiction of (I.R.S. Employer Incorporationor Organization) Identification No.) 2211NorthFirstStreet 95131 SanJose,California (AddressofPrincipalExecutiveOffices) (Zip Code) (408)967-1000 (Registrants telephone number, includingarea code) SECURITIESREGISTEREDPURSUANTTOSECTION12(b)OFTHEACT: Title of each class TradingSymbol(s) Nameofeachexchangeonwhichregistered Commonstock,$0.0001parvaluepershare PYPL NASDAQGlobalSelectMarket SECURITIESREGISTEREDPURSUANTTOSECTION12(g)OFTHEACT: None Indicatebycheckmark YES NO •if the registrant is a well-known seasoned issuer, as defined in Rule 405 of the Securities Act. •if the registrant is not required to file reports pursuant to Section 13 or Section 15(d) of the Exchange Act. •whethertheregistrant(1) has filed all reports required to be filed by Section 13 or 15(d) of the Exchange Act during the preceding 12 months (or for such shorter period that the registrant was required to file such reports), and (2) has been subject to such filing requirements for the past 90 days. •whether the registrant has submitted electronically every Interactive Data File required to be submitted pursuant to Rule 405 of Regulation S-T (§ 232.405 of this chapter) during the preceding 12 months (or for suchshorterperiodthattheregistrantwasrequiredtosubmitsuchfiles). •whether the registrant is a large accelerated filer, an accelerated filer, a non-accelerated filer, a smaller reporting company or an emerging growth company. See the definitions of “large accelerated filer,” “accelerated filer,” “smaller reporting company,” and “emerging growth company”inRule12b-2oftheExchangeAct. LargeAcceleratedFiler AcceleratedFiler Non-acceleratedFiler Smaller reporting company Emerginggrowthcompany •If an emerging growth company, indicate by check mark if the registrant has elected not to use the extendedtransition period for complying with any new or revised financial accounting standards provided pursuanttoSection13(a)oftheExchangeAct. •whether the registrant has filed a report on and attestation to its managements assessment of the effectiveness of its internal control over financial reporting under Section 404(b) of the Sarbanes-Oxley Act (15 U.S.C. 7262(b)) by the registered public accounting firm that prepared or issued its audit report. •If securities are registered pursuant to Section 12(b) of the Act, indicate by check mark whether the financial statements of the registrant included in the filing reflect the correction of an error to previously issued financial statements. •whether any of those error corrections are restatements that required a recovery analysis of incentive- based compensation received by any of the registrants executive officers during the relevant recovery periodpursuantto§240.10D-1(b). •whethertheregistrantisashellcompany(asdefinedinRule12b-2oftheExchangeAct). AsofJune30,2022,theaggregatemarketvalueoftheregistrantscommonstockheldbynon-affiliatesoftheregistrantwasapproximately $80.7 billion based on the closing sale price as reported on the NASDAQ Global Select Market. AsofFebruary3,2023,therewere1,131,373,298sharesofcommonstockoutstanding. DOCUMENTSINCORPORATEDBYREFERENCE Portions of the registrants definitive proxy statement for its 2023 Annual Meeting of Stockholders are incorporated herein by reference in Part III of this Annual Report on Form 10-K to the extent stated herein. Such proxy statement will be filed with the Securities and Exchange Commission within 120 days of the registrants fiscal year ended December 31, 2022.