Financial Highlights Q4'22: Net revenues increased 7% and 9% FXN • Net revenues of $7.4 billion, 7% growth and 9% FXN • GAAP operating income of $1.2 billion, growing 18%; non-GAAP operating income of $1.7 billion, growing 12% • GAAP operating margin of 16.8%, expanded 167 basis points; non-GAAP operating margin of 22.9%, expanded 115 basis points • GAAP EPS of $0.81, compared to $0.68 in Q4'21; non-GAAP EPS of $1.24, compared to $1.11 in Q4'21 ◦ GAAP EPS includes a negative impact of ~$0.11 on PayPal’s strategic investment portfolio, compared to a negative impact of ~$0.18 in Q4'21 FY'22: Net revenues increased 8% to $27.5 billion with ex-eBay growth of 12% • Net revenues of $27.5 billion, 8% growth and 10% FXN ◦ Revenue excluding eBay grew 12% on a spot basis, on top of 29% growth in FY'21 • GAAP operating income of $3.8 billion, declined 10%; non-GAAP operating income of $5.9 billion, declined 7% ◦ FY'21 GAAP and non-GAAP operating income included a ~$312 million benefit from the release of credit reserves • GAAP operating margin of 13.9%, declined 286 basis points; non-GAAP operating margin of 21.3%, declined 352 basis points • GAAP EPS of $2.09, compared to $3.52 in FY'21; non-GAAP EPS of $4.13, compared to $4.60 in FY'21 ◦ GAAP EPS includes a negative impact of ~$0.20 on PayPal’s strategic investment portfolio, compared to a positive impact of ~$0.06 in FY'21 Operating Highlights Q4'22: Continued volume and transaction growth “Our 2022 results demonstrate • $357.4 billion in TPV, up 5% on a spot basis and 9% FXN the ongoing progress we are ◦ Venmo processed $62.5 billion in TPV, growing 3%, on top of 29% growth in making to optimize our cost Q4'21 structure while continuing to • 6.0 billion payment transactions, up 13% invest in our high-conviction initiatives. • 51.4 payment transactions per active account on a trailing twelve month basis, growing 13% We believe PayPal’s combination of scale, • 2.9 million net new actives (NNAs) added, with total active accounts of 435 profitability, and stability is a million, up 2% strategic advantage as we navigate this dynamic FY'22: $1.36 trillion in TPV, with >22 billion transactions up 16% environment.“ • $1.36 trillion in TPV, up 9% on a spot basis and 13% FXN ◦ TPV excluding eBay grew 11% on a spot basis and 14% FXN, representing 98% of TPV Gabrielle Rabinovitch ◦ Venmo processed $245.3 billion in TPV, growing 7%, on top of 44% growth in Acting CFO and SVP, Investor Relations FY'21 and Treasurer • 22.3 billion payment transactions, up 16% • 8.6 million NNAs added, with total active accounts of 435 million, up 2% Q4 & FY 2022 Results 3