Noticeof2023AnnualMeeting of Stockholders Wednesday,May24,2023 PRO 8:00a.m.PacificTime XY S T A Onlineat:www.virtualshareholdermeeting.com/PYPL2023 TEMENT Thereisnophysicallocationforthe2023AnnualMeeting. ITEMSOFBUSINESS 1. Election of the 12 director nominees named in this proxy statement. 2. Advisoryvotetoapprovenamedexecutiveofficercompensation. 3. ApprovalofthePayPalHoldings,Inc.2015EquityIncentiveAwardPlan,asAmendedandRestated. 4. Ratification of the appointmentof PricewaterhouseCoopersLLP as our independentauditorfor 2023. 5. Considerationof five stockholderproposals,if properlypresentedat the Annual Meeting. 6. SuchotherbusinessasmayproperlycomebeforetheAnnualMeeting. RECORDDATE Thursday,March30,2023(the“RecordDate”) OnlystockholdersofrecordatthecloseofbusinessontheRecordDateareentitledtoreceivenoticeof,andtovoteat,the AnnualMeeting. PARTICIPATIONINVIRTUALANNUALMEETING WearepleasedtoinviteyoutoparticipateinourAnnualMeeting,whichwillbeconductedexclusivelyonlineat www.virtualshareholdermeeting.com/PYPL2023.See“ImportantInformationAboutPayPalsVirtualAnnualMeeting”onthe following pagefor additionalinformation. TheAnnualMeetingwillbeginpromptlyat8:00a.m.PacificTime.Thevirtualmeetingroomwillopenat7:45a.m.Pacific Timeforregistration. VOTING Yourvoteisveryimportanttous.Pleaseactassoonaspossibletovoteyourshares,evenifyouplantoparticipateinthe AnnualMeeting.Forspecificinstructionsonhowtovoteyourshares,see“FrequentlyAskedQuestions–Voting Information”beginningonpage109ofthisproxystatement. REVIEWYOURPROXYSTATEMENTANDVOTEINONEOFTHREEWAYS: INTERNET BYTELEPHONE BYMAIL Visit the website on your proxy card Call the telephone numberonyour Sign, date and return your proxy card in proxycard the enclosed envelope Pleaserefertotheenclosedproxymaterialsortheinformationforwardedbyyourbank,brokerorotherholderofrecordtoseewhich votingmethodsareavailabletoyou. ByOrderoftheBoardofDirectors Brian Y. Yamasaki CorporateSecretary April 13, 2023 This notice of Annual Meeting and proxy statementand form of proxy are being distributedand made availableon or about April 13, 2023. ImportantNoticeRegardingtheInternetAvailability ofProxy Materials for the Annual Meeting of Stockholders to Be Held on May 24, 2023 This proxy statementandPayPalHoldings,Inc.s2022AnnualReportareavailableelectronicallyat https://investor.pypl.com/financials/annual-reports/default.aspxand (with your 16-digit control number) at www.proxyvote.com. •2023ProxyStatement 1