Investor Presentaiton

FY-23 Guidance Raising non-GAAP EPS guidance to reflect strong Q1-23 performance, with ongoing benefit from cost initiatives • Revenue: H2-23 revenue growth expected to be relatively in line with H1-23 Non-GAAP EPS Growth ~20% • Non-GAAP EPS: Growth of ~20% to ~$4.95, compared to the prior outlook of ~18% Non-GAAP EPS ~$4.95 Non-GAAP Op Margin Expansion >100bps • Non-GAAP Operating Margin: At least ~100bps of expansion, compared to the prior outlook of ~125bps, reflecting greater contribution of unbranded processing volume to growth • Free Cash Flow: ~$5.0B, reflects headwind from higher expected cash taxes • Share Repurchases: ~$4B Free Cash Flow ($B) ~$5.0 • Non-GAAP effective tax rate: ~17%-19% • Capex: ~3% of revenue • GAAP EPS: ~$3.42 ⚫ Includes restructuring charge of $117M in Q1-23 Non-GAAP EPS, non-GAAP operating margin 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. PayPal ©2023 PayPal Holdings, Inc. Q1-23 Investor Update • 21

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