PARTIV Note3—NetIncome(loss)PerShare PayPalHoldings,Inc. NotestoConsolidatedFinancialStatements—(Continued) Thefollowingtablesetsforththecomputationofbasicanddilutednetincome(loss)persharefortheperiodsindicated: YearEndedDecember31, 2022 2021 2020 (In millions, except per share amounts) Numerator: Netincome(loss) $ 2,419 $ 4,169 $ 4,202 Denominator: ANNU Weightedaveragesharesofcommonstock—basic 1,154 1,174 1,173 AL Dilutive effect of equity incentive awards 4 12 14 REPOR WEIGHTEDAVERAGESHARESOFCOMMONSTOCK—DILUTED 1,158 1,186 1,187 Netincome(loss)pershare: T Basic $ 2.10 $ 3.55 $ 3.58 Diluted $ 2.09 $ 3.52 $ 3.54 Commonstockequivalentsexcludedfromnetincome(loss)perdilutedsharebecause their effect would have been anti-dilutive or potentially dilutive 13 2 1 Note4—BusinessCombinations Therewerenoacquisitionsaccountedforasbusinesscombinationsordivestiturescompletedin2022. AcquisitionsCompletedin2021 During the year ended December 31, 2021, we completed five acquisitions reflecting 100% of the equity interests of the acquiredcompanies,foranaggregatepurchasepriceof$3.1billion. Paidy We completed the acquisition of Paidy in October 2021 by acquiring all outstanding shares for total consideration of approximately $2.7 billion, consisting of approximately $2.6 billion in cash and approximately $161 million in assumed restricted stock and restricted stock units, subject to vesting conditions. Paidy is a two-sided payments platform that primarily provides buy now, pay later solutions (installment credit offerings) in Japan. With the acquisition of Paidy, we expandedourcapabilitiesandrelevanceinJapan. •2022AnnualReport 75