PARTI Item1. Business Wellness Days for all employees to take time to rest and recharge, providing resources, trainings, and workshops to foster emotionalwell-being,preservingworkplaceflexibility through Crisis Leave and other programs, and strategicallyextending employee benefits to additional global markets. We also continued our efforts to strengthen employee financial wellness, including offering individual employee financial coaching, promoting the prioritization of employee financial health across the private sector through the Worker Financial Wellness Initiative, and improving our internal measurement and evaluation approaches to identify targeted opportunities for further enhancements. Through our global community impact program, wesupportour employees individual passions and communities by matching eligible employee donations and volunteer timewithnon-profitorganizationsupto$2,500annuallyperemployee. Diversity, Inclusion, Equity, and Belonging We believe that fostering DIE&B is critical to our global talent strategy and pivotal to building a culture that embraces individual characteristics, values diversity, minimizes barriers, and enhances feelings of security and support across the workplace. We are committed to equal pay for equal work, promoting enterprise-wideinclusive learning opportunities, and ANNU partnering with leading organizations to embed DIE&B considerations into our talent strategy. We believe that our strong commitment to DIE&B is evident at all levels of the organization from our Board of Directors to our executive leadership AL teamtoourglobalworkforce.AsofDecember31,2022,50%ofourBoardand64%ofourseniorleadershipteamidentified REPOR as women and/or from a diverse ethnic group. Across our workforce, we reached 56% overall diverse workforce representation, including 44% global gender diversity (inclusive of self-identified women and non-binary employees), and T 54%U.S. ethnic diversity, as of December 31, 2022. Additional U.S. workforce diversity metrics can be found in our public EEO-1reportsandannualGlobalImpactReportavailableathttps://about.pypl.com/values-in-action/reporting/default.aspx. Workforce representation is only one aspect of our broader DIE&B strategy. Through the leadership of our Global Head of DIE&BanddedicatedDIE&Bteam,alongwithfunctionalcollaborationandaccountability,wearefocusedonstrengthening existing efforts and piloting new initiatives to promote an inclusive culture. In 2022, we continued our support for underrepresented communities and employees through activities such as enhanced strategic partnerships, new learning modules to promote effective sponsorship and inclusive performance management, and new tools and resources to incorporate DIE&B considerations across the business. We continue to evaluate DIE&B progress across the company and as part of the individual performance assessment under our 2022 annual incentive plan for our senior executives. In addition, we empower eight employee resource groups to promote community and belonging for employees that identify as Black, Latinx/Hispanic, women, interfaith, veterans, LGBTQ+, Asian, and disabled persons and their allies. These groups drive ongoing employee engagement around the world for all employees, regardless of background, to support and championtheirpeersandrelatedcauses. OurEvolvingWorkplace We remain focused on creating a culture of flexibility and community by designing ways to collaborate across diverse workplace models, whether working virtually, on-site, or using a hybrid approach. We empower functional leadership to determine the most appropriate workplace strategy for their teams to optimize employee productivity and engagement and deliver on business priorities. Across PayPal, we are focused on providing tools and resources to support our diverse anddistributedteams.Webelievethisflexibleapproachhasbroadenedourpotentialglobaltalentpools. As part of our annual ESG reporting, we provide additional information on our global talent strategy, including detailed representationmetrics,in our Global ImpactReport. AvailableInformation Theaddressofourprincipalexecutiveofficesis PayPalHoldings,Inc.,2211 North First Street,San Jose, California 95131. Our websiteis locatedat www.paypal.com,andourinvestorrelationswebsiteislocatedathttps://investor.pypl.com.Fromtime to time, we may use our investor relations site and other online and social media channels, including the PayPal Newsroom (https://newsroom.paypal-corp.com/), Twitter handles (@PayPal and @PayPalNews), LinkedIn page (https:// www.linkedin.com/company/paypal),Facebookpage(https://www.facebook.com/PayPalUSA/),YouTubechannel(https:// www.youtube.com/paypal), Dan Schulmans LinkedIn profile (https://www.linkedin.com/in/dan-schulman/), Gabrielle RabinovitchsLinkedIn profile (https://www.linkedin.com/in/gabriellerabinovitch/),Dan Schulmans Facebook page (https:// www.facebook.com/DanSchulmanPayPal/), and Dan Schulmans Instagram page (https://www.instagram.com/ dan_schulman/) as a means of disclosing information about the Company, including information which could be deemed to be material to investors. Our Form 10-K, quarterly reports on Form 10-Q, current reports on Form 8-K, and amendmentsto those reports are available free of charge on our investor relations website as soon as reasonably practicable after they are electronically filed with, or furnished to, the SEC. The SEC maintains an internet site that contains reports, proxy and information statements, and other information regarding issuers that file electronically with the SEC at http://www.sec.gov. The content of our websites and information we may post on, provide to, or accessible through online and social media •2022AnnualReport 13