PayPal Holdings, Inc. Unaudited Summary of Consolidated Net Revenues Our revenues are classified into the following two categories: • Transaction revenues: Net transaction fees charged to merchants and consumers on a transaction basis based on the Total Payment Volume (“TPV”) completed on our payments platform. Growth in TPV is directly impacted by the number of payment transactions that we enable on our payments platform. We earn additional fees from merchants and consumers: on transactions where we perform currency conversion, when we enable cross-border transactions (i.e., transactions where the merchant and consumer are in different countries), to facilitate the instant transfer of funds for our customers from their PayPal or Venmo account to their bank account or debit card, to facilitate the purchase and sale of cryptocurrencies, as contractual compensation from sellers that violate our contractual terms (for example, through fraud or counterfeiting), and other miscellaneous fees. • Revenues from other value added services: Net revenues derived primarily from revenue earned through partnerships, referral fees, subscription fees, gateway fees, and other services we provide to our merchants and consumers. We also earn revenues from interest and fees earned on our portfolio of loans receivable, and interest earned on certain assets underlying customer balances. Three Months Ended Net Revenues by Type December 31, September 30, June 30, March 31, December 31, 2022 2022 2022 2022 2021 (In millions, except percentages) Transaction revenues $ 6,702 $ 6,234 $ 6,272 $ 5,998 $ 6,377 Current quarter vs prior quarter 8 % (1) % 5 % (6) % 14 % Current quarter vs prior year quarter 5 % 11 % 8 % 7 % 12 % Percentage of total 91 % 91 % 92 % 93 % 92 % Revenues from other value added services 681 612 534 485 541 Current quarter vs prior quarter 11 % 15 % 10 % (10) % (6) % Current quarter vs prior year quarter 26 % 6 % 21 % 18 % 25 % Percentage of total 9 % 9 % 8 % 7 % 8 % Total net revenues $ 7,383 $ 6,846 $ 6,806 $ 6,483 $ 6,918 Current quarter vs prior quarter 8 % 1 % 5 % (6) % 12 % Current quarter vs prior year quarter 7 % 11 % 9 % 7 % 13 % Net Revenues by Geography Three Months Ended December 31, September 30, June 30, March 31, December 31, 2022 2022 2022 2022 2021 (In millions, except percentages) U.S. net revenues $ 4,295 $ 3,978 $ 3,863 $ 3,671 $ 3,901 Current quarter vs prior quarter 8 % 3 % 5 % (6) % 12 % Current quarter vs prior year quarter 10 % 14 % 18 % 20 % 27 % Percentage of total 58 % 58 % 57 % 57 % 56 % International net revenues 3,088 2,868 2,943 2,812 3,017 Current quarter vs prior quarter 8 % (3) % 5 % (7) % 11 % Current quarter vs prior year quarter 2 % 6 % (1) % (5) % (1) % (FXN) Current quarter vs prior year quarter 6 % 9 % 1 % (5) % (1) % Percentage of total 42 % 42 % 43 % 43 % 44 % Total net revenues $ 7,383 $ 6,846 $ 6,806 $ 6,483 $ 6,918 Current quarter vs prior quarter 8 % 1 % 5 % (6) % 12 % Current quarter vs prior year quarter 7 % 11 % 9 % 7 % 13 % (FXN) Current quarter vs prior year quarter 9 % 12 % 10 % 8 % 13 % Q4 & FY 2022 Results 13