Investor Presentaiton

First Quarter 2023 Summary Strong start to the year with better-than-expected revenue, EPS and margin expansion Transactions Total Payment Volume Revenue 5.8B Transactions 13% increase y/y 53.1 Transactions per active account (TPA) 13% increase y/y, driven primarily by Braintree transaction growth Non-GAAP Operating Income $1.6B $355B 10% spot and 12% FXN y/y growth Accelerated 5pts vs. Q4-22 on a spot basis and 3pts on an FXN basis Non-GAAP EPS (1) (1) $1.17 33% increase y/y $7.04B 8.6% spot and 10.4% FXN y/y growth Exceeded guidance of ~7.5% spot and ~9% FXN growth Free Cash Flow (1) $1.0B 19% increase y/y Accelerated 7pts vs. Q4-22 22.7% Operating margin expansion of ~200bps Exceeded guidance of 22% Accelerated 22pts vs. Q4-22 Exceeded guidance of $1.08-$1.10 (~24% growth at the midpoint) 3% decrease y/y with impact from higher cash taxes $5.1B FCF on a trailing 12-month basis PayPal ©2023 PayPal Holdings, Inc. (1) Non-GAAP operating income, operating margin, earnings per share and free cash flow are non-GAAP financial measures. Please see the Supplemental Information for a reconciliation of these non-GAAP financial measures to the most directly comparable GAAP financial measures. Q1-23 Investor Update 4

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