PayPal Holdings, Inc. (1),(2) Cash Flow Reclassification Three Months Ended Year Ended December 31, 2022 September 30, 2022 June 30, 2022 March 31, 2022 2022 (In Millions/Unaudited) Pre Adj. Post Pre Adj. Post Pre Adj. Post Pre Adj. Post Pre Adj. Post Cash provided by (used in): (3) Operating activities $ — $ — $ 1,591 $ 1,948 $ (193) $ 1,755 $ 1,466 $ (216) $ 1,250 $ 1,242 $ (25) $ 1,217 $ — $ — $ 5,813 (4) Investing activities — — (132) 1,381 (8) 1,373 (3,916) 6 (3,910) (751) (1) (752) — — (3,421) (5) Financing activities — — 875 (3,172) 201 (2,971) 1,445 210 1,655 (695) 26 (669) — — (1,110) Effect of exchange rates on cash, cash equivalents, — — 98 (117) — (117) (154) — (154) 18 — 18 — — (155) and restricted cash Net change in cash, cash equivalents, and restricted $ — $ — $ 2,432 $ 40 $ — $ 40 $ (1,159) $ — $ (1,159) $ (186) $ — $ (186) $ — $ — $ 1,127 cash Three Months Ended Year Ended December 31, 2021 September 30, 2021 June 30, 2021 March 31, 2021 2021 Pre Adj. Post Pre Adj. Post Pre Adj. Post Pre Adj. Post Pre Adj. Post Cash provided by (used in): (3) Operating activities $ 1,763 $ (123) $ 1,640 $ 1,513 $ (205) $ 1,308 $ 1,306 $ (29) $ 1,277 $ 1,758 $ (186) $ 1,572 $ 6,340 $ (543) $ 5,797 (4) Investing activities (3,129) 1 (3,128) 326 129 455 (1,099) 28 (1,071) (1,583) 178 (1,405) (5,485) 336 (5,149) (5) Financing activities (578) 122 (456) (816) 76 (740) (197) 1 (196) 827 8 835 (764) 207 (557) Effect of exchange rates on cash, cash equivalents, 4 — 4 (72) — (72) 8 — 8 (42) — (42) (102) — (102) and restricted cash Net change in cash, cash equivalents, and restricted $ (1,940) $ — $ (1,940) $ 951 $ — $ 951 $ 18 $ — $ 18 $ 960 $ — $ 960 (11) $ — $ (11) cash Three Months Ended Year Ended December 31, 2020 September 30, 2020 June 30, 2020 March 31, 2020 2020 Pre Adj. Post Pre Adj. Post Pre Adj. Post Pre Adj. Post Pre Adj. Post Cash provided by (used in): (3) Operating activities $ 1,347 $ 228 $ 1,575 $ 1,314 $ 172 $ 1,486 $ 1,772 $ 88 $ 1,860 $ 1,421 $ (123) $ 1,298 $ 5,854 $ 365 $ 6,219 (4) Investing activities (2,934) (229) (3,163) (3,200) (109) (3,309) (7,530) 21 (7,509) (2,554) (10) (2,564) (16,218) (327) (16,545) (5) Financing activities 2,362 1 2,363 906 (63) 843 6,914 (109) 6,805 2,310 133 2,443 12,492 (38) 12,454 Effect of exchange rates on cash, cash equivalents, and restricted cash 143 — 143 98 — 98 106 — 106 (178) — (178) 169 — 169 Net change in cash, cash equivalents, and restricted $ 918 $ — $ 918 $ (882) $ — $ (882) $ 1,262 $ — $ 1,262 $ 999 $ — $ 999 2,297 $ — $ 2,297 cash (1) Beginning with the fourth quarter of 2022, we reclassified certain cash flows related to our collateral security arrangements for derivative instruments from cash flows from operating activities to cash flows from investing activities and cash flows from financing activities within the condensed consolidated statements of cash flows. The current period presentation classifies all changes in collateral posted and collateral received related to derivative instruments on our condensed consolidated statement of cash flows as cash flows from investing activities and cash flows from financing activities, respectively. (2) “Pre” represents amounts as previously reported. “Adj.” represents adjustments to conform with current period presentation. “Post” represents amounts reclassified to be consistent with the current period presentation. (3) Financial statement line impacted in operating activities was “Other assets and liabilities.” (4) Financial statement line impacted in investing activities was “Collateral posted related to derivative instruments, net.” (5) Financial statement line impacted in financing activities was “Collateral received related to derivative instruments, net.” Q4 & FY 2022 Results 18