D’Shawn Russell started Southern Elegance Candle Co. in 2016 out of her kitchen in North Carolina to capture the essence of southern living. “PayPal has been an integral part of growing Southern Elegance. My She turned to PayPal Working business, and all of my sales, have run through PayPal from the start, Capital after being turned helping me sell across both online and in-store. PayPal Working down for traditional bank Capital has been extremely helpful as I navigate ongoing supply loans, allowing her to grow chain issues by giving me the financial flexibility to buy items in bulk Southern Elegance into a and make sure I can continue to meet customer demand.” multimillion-dollar company. D’Shawn Russell Founder, Southern Elegance Candle Co. Balance Sheet and Liquidity Strong balance sheet and cash flow generation, returned $4.2 billion to stockholders in FY'22 • Cash, cash equivalents, and investments totaled $15.9 billion as of December 31, 2022 • Debt totaled $10.8 billion as of December 31, 2022 • In FY'22, generated cash flow from operations of $5.8 billion, and free cash flow of $5.1 billion ◦ In Q4'22, generated cash flow from operations of $1.6 billion, and free cash flow of $1.4 billion • In FY'22, repurchased approximately 41 million shares of common stock, returning $4.2 billion to stockholders ◦ In Q4'22, repurchased approximately 12 million shares of common stock, returning $1.0 billion to stockholders Strategic Initiatives and Business Updates Enhancing our merchant and consumer value proposition • Since launching Buy Now Pay Later in FY'20, PayPal has issued over 200 million loans to nearly 30 million customers • Continue to test and onboard merchants to a simplified in-app checkout experience powered by our new native software developer kit (SDK) • Rolled out new PayPal Rewards program to the digital wallet, giving customers an easy way to shop and earn rewards all in one place • Pay with Venmo ramped to full availability for U.S. Amazon customers, continuing our ongoing commitment to offer more ways to spend, send, receive, and manage money with Venmo Q4 & FY 2022 Results 4